The IPO will comprise a fresh share issue worth up to ₹575 crore and an offer for sale of up to 40.52 lakh shares by existing shareholders.
The net proceeds are proposed to be utilised towards augmentation of the bank's Tier-1 capital base to meet its capital requirements.
Client Rosehill, Global Impact Funds, Global Financial Inclusion Fund, Ajay Tandon Co-Investment Trust, Siva Shankar Co-Investment Trust, and Hero Enterprise Partner Venture will participate in the offer for sale.
Jana Small Finance Bank is the fourth-largest small finance bank in terms of assets under management and in terms of deposit size as of March 31, 2023.
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