Jana SFB IPO Nears Full Subscription; Retail, HNIs Bid 1.2x
Nearly fully subscribed Jana SFB IPO: 1.2x bids show strong interest from retail and HNI investors
The Jana SFB IPO, a scheduled commercial bank that serves underserved areas of the Indian population with banking and financial services, started on February 24, 2024, and has received positive feedback from investors. As of 5 p.m. on February 25, 2024, bids for 6.8 crore shares, or 0.98 times the total issue size of 6.9 crore shares, have been received for the initial public offering (IPO), which intends to…