Mumbai, Feb. 14 -- The scrip was listed at Rs 396, exhibiting a discount of 4.35% to the issue price.

So far, the stock has hit a high of 408.80 and a low of 385.10. On the BSE, over 1.63 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Jana Small Finance Bank was subscribed 18.50 times. The issue opened for bidding on 7 February 2024 and it closed on 9 February 2024. The price band of the IPO was fixed at Rs 393-414 per share.

The offer comprised of fresh issue of equity shares aggregating up to Rs 462 crore and offer for sale of up to 26,08,629 equity shares.

The promoter, Jana Holdings, has not participated in the OFS. The promoter shareholding would decline to 22.5% post IPO from 25.2...