JANA SMALL FINANCE BANK IPO
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Rate cut hopes, inclusion in JPM index fuel ‘FOMO’ trades in GSecs
Indian sovereign debt players bond with bonds following Mint Road's move to decelerate rate-increase drive and JPMorgan's recognition. CCIL data shows a 40% increase in monthly trades, reaching ₹8.6 lakh crore in 2023.
RBI, govt accept no bids at first sovereign green bond auction of FY25
With the Centre sitting on a considerable cash surplus at the moment, it had likely opted to cancel the green bond auction than settle for a lack of a premium, or “greenium” at the auction. The government had planned to raise Rs 6,000 crore through 10-year green bonds at Friday’s auction.
Sovereign yield falls to near 1-year low post RBI's dividend payout
The yield on the 10-year benchmark government security closed at 6.978%, its lowest level since June 6, 2023, LSEG data showed. The 10-year bond yield had closed at 6.98% on Friday. Bond prices and yields move inversely.
10-year bond yield falls to near-one-year low on RBI’s record surplus dividend transfer to govt
A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining price of corporate borrowing.
Improving asset quality, reach to keep Jana SFB on growth path
JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expanding the portfolio of secured loans. At the end of March 2024, its total loan book was worth Rs 24,746 crore.
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RBI accepts only few bids at govt bond buyback for second week in a row
The RBI accepted bids worth Rs 2069.99 crore at Thursday’s buyback auction of government securities out of up to Rs 60,000 crore worth of bonds that the Centre had offered to repurchase. In a similar auction last week, the RBI had accepted bids worth Rs 10,512.99 crore out of Rs 40,000 crore worth of bonds that the government had offered to buyback.
Capital Small Finance Bank looks to double advances growth, eyes branch expansion
Capital Small Finance Bank targets a 22-24% advances growth in FY25, doubling last fiscal's pace, fueled by geographic expansion, including a move into Jammu. After raising growth capital through an IPO, the Jalandhar-based lender plans accelerated growth, having maintained steady NPA ratios through recovery-based management.
Belstar Microfin files papers for Rs 1,300-crore IPO
The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 'self-help group'. Muthoot Finance owns a 66.13% stake in Belstar.
Jana Small Finance Bank shares surge 19%, hit 52-week high post Q4 results
Its net interest margin, a key gauge of profitability, improved to 8% for the full year from 7.8% in FY23.
Jana Small Finance Bank Q4 Results: Net profit doubles to Rs 167 crore
The net profit however comes to Rs 344 crore, reflecting a four-fold jump, if the deferred tax assets of Rs 170 crore is included.
Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now
The fixed deposit interest rates given by small finance banks, are higher. There are some small finance banks that are offering up to 9% interest on FDs. Book these FD now before the rates start to drop. Read here to know the FD rates offered by the small finance banks in India.
Earn FD interest rate up to 8.75%: Top banks offering highest fixed deposit rates for tenures below one year
Highest fixed deposit rates: The interest rates on short-term fixed deposits are greater than those on savings accounts, while lower than those on long-term deposits. Let us take a look at at the interest rates offered by the top banks on such short-term FDs.
FD interest rate up to 9.5%: Banks offering highest FD interest rates for senior citizen investors
Best senior citizen FDs: Seniors can increase the growth of their savings at a higher rate with senior citizen FD rates without having to take on more risks. Here are banks offering best rate for senior citizens fixed deposit interest rates.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities
At 300 times, Vibhor Steel IPO becomes most subscribed issue of 2024
"The company focus will remain on improving operating efficiencies through technology enhancements which will strengthen the company's competitive position. Investors looking to invest, can invest in this IPO with a medium to long term perspective," said Master Capital.
Jana Small Finance Bank shares list with 4% discount to IPO price
The IPO, which comprised fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, received healthy response from investors as the issue was booked 18.5 times at close.
After successful IPOs, two small finance banks to debut on D-Street tomorrow. Here's what to expect
Ahead of the listing, the GMP of Jana SFB is around Rs 30, indicating a gain of 7% on debut, while that of Capital SFB is Rs 0, which implies a flat or even a discounted listing. Both the IPOs of Jana SFB and Capital SFB sailed through with subscriptions of 18.5 times and 2 times, respectively.
Jana Small Finance Bank IPO allotment: Here's how you can check status
They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Jana Small Finance Bank IPO booked 18.5 times on last day. Check GMP and other details
Jana Small Finance Bank IPO was subscribed 18.5 times on Friday, the third day of the bidding process, led by robust bidding from non-institutional and institutional investors.
Jana Small Finance Bank IPO fully subscribed on Day 2. Check GMP and other details
Jana SFB IPO: Both the categories of retail and NIIs were booked over 2%. The QIB portion lagged with just 14% subscriptions so far. In the unlisted market, the shares are fetching a premium of Rs 55, down from the previous day.
Jana Small Finance Bank IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Jana Small Finance Bank was subscribed 88% on Wednesday, the first day of the bidding process. The NII portion of the issue was booked the most at 1.2 times, followed by retail investors at 1.19 times. There QIB category was subscribed just 14%.
Jana Small Finance Bank IPO opens for subscription. Should you bid?
Jana Small Finance Bank IPO is priced in the range of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter. The issue, which comprises fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, opens today and closes on February 9.
Jana and Capital SFBs secure Rs 324 crore from anchor investors ahead of IPOs
Jana's IPO comprises a fresh share issue for Rs 462 crore and an offer for sale of nearly 2.61 million shares by existing investors. It has set the price band at Rs 393 to Rs 414 per share for the IPO which will open for subscription on February 7.
2 small finance banks to raise over Rs 1,000 cr in IPOs. Check GMP before subscription
Ahead of the offer, shares of Jana SFB are trading with a premium of Rs 80, and Capital Small Finance Bank is fetching a GMP of Rs 47. Jana SFB has priced the Rs 570-crore IPO at Rs 414 at the upper end, Capital SFB has fixed a price band of Rs 468.
Three IPOs to hit primary mkt on Wednesday; aim to raise Rs 1,700-cr
Market experts maintain a strong bullish outlook on the IPO (initial public offering) market for 2024. Companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.
Jana Small Finance Bank's IPO opens on Wednesday: All you need to know about the Rs 570-crore public offer
Jana SFB IPO includes a fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares. Under the OFS, existing investors Client Rosehill, CVCIGP II Employee Rosehill, Global Impact Funds, Growth Partnership and Hero Enterprise Partner Ventures will offload shares.
Capital Small Finance Bank, Jana IPOs to open for subscription on Feb 7
Capital SFB fixes Rs 445-468 price band for share sale, Jana SFB sets Rs 393-414
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