Jana Small Finance Bank IPO

Investec India acted as a syndicate member for Jana Small Finance Bank’s IPO

Jana Small Finance Bank raised INR 570 Cr via Initial Public Offering (IPO).

Investec's role:

Investec played a crucial role in converting marquee long-only investors and hand holding the management throughout the IPO Process.
Delivered stellar performance with the highest procurement amongst BRLMS with a 44% share of the Anchor Book.

About Indian Renewable Energy Development Agency Limited:

Jana Small Finance Bank Limited provides various banking products and services to individuals and enterprises in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations segments.

The company offers current and savings accounts; fixed, recurring, and other deposits; and loans, such as two-wheeler, group, business, gold, home improvement, agri group and individual, and home loans, as well as consumer education on loan overdue concepts. It also offers life, general, and health insurance products; cards; and investment and payment services, as well as mobile, internet, and corporate internet banking services.

The company was founded in 1999 and is based in Bengaluru, India. It was formerly known as Janalakshmi Financial Services Limited and changed its name to Jana Small Finance Bank Limited in March 2018.