Jana Small Finance Bank files for IPO, to raise Rs 700 crore

Jana Small Finance Bank has filed preliminary papers with markets regulator Sebi to float an initial share-sale. The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed.

Jana Small Finance Bank has filed preliminary papers with markets regulator Sebi to float an initial share-sale. The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed. April 05, 2021 at 09:37AM https://ift.tt/3wucQuM