Jana Small Finance Bank has debuted at Rs 396.00 on the BSE, down by 18.00 points or 4.35% from its issue price of Rs 414.
The scrip is currently trading at Rs 394.30, down by 19.70 points or 4.76% from its issue price. It has touched a high and low of Rs 408.80 and Rs 385.10 respectively. So far 1.81 lakh shares were traded on the counter.
The offering, which was open for subscription between February 7, 2024 and February 9, 2024 was subscribed 18.5 times. The issue price was fixed at Rs 414 per share i.e. at upper end of price band of Rs 393-414 apiece.
Jana Small Finance Bank is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
