Jana Small Finance Bank IPO Oversubscribed by Investors
The initial public offering (IPO) of Jana Small Finance Bank has experienced a strong response from investors, with the issue being heavily oversubscribed. The IPO, which opened for bidding on February 7 and closes today, February 9, has seen total bids for 4.55 crore equity shares, compared to 1.01 crore shares on offer. The subscription status as of 1:10 pm on Friday shows that the public issue has been subscribed 4.5 times, with the retail category being subscribed 3.77 times, the Non-Institutional Investors’ (NII) category subscribed 10.97 times, and the Qualified Institutional Buyers’ (QIB) portion subscribed 1.24 times.
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