Jana Small Finance Bank IPO GMP History
Jana Small Finance Bank IPO has been listed on February 14, 2024 at a listing price of ₹396, against the issue price of ₹414 — a loss of ₹18 (-4.35%). The GMP peaked at ₹110 on 5 February 2024 and reached a low of ₹30 on 13 February 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Jana Small Finance Bank IPO raised ₹570 Cr. through its IPO at a price band of ₹393 to ₹414 per share, with a lot size of 36 shares. The IPO was open for subscription from 07 Feb 2024 to 09 Feb 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:31 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Feb 2024 | ₹ 30 | ▼ | 7% | — | — |
| 12 Feb 2024 | ₹ 35 | ▼ | 8% | — | — |
| 10 Feb 2024 | ₹ 40 | ▼ | 10% | — | — |
| 09 Feb 2024 | ₹ 60 | — | 14% | — | — |
| 08 Feb 2024 | ₹ 60 | ▼ | 14% | — | — |
| 07 Feb 2024 | ₹ 75 | ▼ | 18% | — | — |
| 06 Feb 2024 | ₹ 95 | ▼ | 23% | — | — |
| 05 Feb 2024 | ₹ 110 | ▲ | 27% | — | — |
| 03 Feb 2024 | ₹ 85 | ▲ | 21% | — | — |
| 02 Feb 2024 | ₹ 75 | — | 18% | — | — |
Jana Small Finance Bank IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 07 Feb 2024
- Close 09 Feb 2024
- Allotment 12 Feb 2024
- Refund/credit 13 Feb 2024
- Listing 14 Feb 2024
Jana Small Finance Bank IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹414 |
|---|---|
| GMP-based estimate (pre-listing) | ₹444 (+7.2%) |
| Listing gain / loss | −₹18 per share |
| Listing date | 14 Feb, 2024 |
| Actual listing price | ₹396 (-4.35%) |
Is Jana Small Finance Bank IPO GMP reliable?
Grey market premium for Jana Small Finance Bank IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Jana Small Finance Bank IPO full review for a fundamentals-based assessment before making any grey market trades.
Jana Small Finance Bank IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Jana Small Finance Bank IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Jana Small Finance Bank IPO
Jana Small Finance Bank Limited was incorporated in July 2006. As per the RHP, it is the fourth largest SFB in India by deposit size, with deposits of Rs 189.4 billion as at 30 September 2023.
Its loans include MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans and gold loans. It also offers unsecured individual and micro business loans, agricultural loans and group loans.
It offers digital products such as mobile and internet banking for retail and corporate clients. Its promoter entities are Jana Capital Limited and Jana Holdings Limited.
The IPO was Rs 570 crore, with Rs 462.00 crore of fresh issue and Rs 108.00 crore of offer for sale by investors. Rs 426.48 crore was planned to augment the bank's Tier-1 capital.
Frequently asked
What is the GMP of Jana Small Finance Bank IPO?
The current Grey Market Premium (GMP) of Jana Small Finance Bank IPO is ₹ 30.
What is the Kostak Price of Jana Small Finance Bank IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Jana Small Finance Bank IPO is not available.
What is the Subject to Sauda Price of Jana Small Finance Bank IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Jana Small Finance Bank IPO?
Jana Small Finance Bank IPO listed on February 14, 2024 at ₹396, against the issue price of ₹414 — a loss of -4.35%.
How did the GMP of Jana Small Finance Bank IPO trend before listing?
The GMP of Jana Small Finance Bank IPO was falling in its final days before listing. The GMP peaked at ₹110 on 5 February 2024. View the day-wise table above for the complete GMP history.
Explore Jana Small Finance Bank IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
