MUMBAI: Private equity majors TPG and Morgan Stanley-backed Jana Small Finance Bank on Friday fixed the price band at Rs 393-414 apiece for its Rs 570-crore initial public offering which will open for subscription on February 7.
On the same day, the Rs 523-crore IPO of another small lender Capital Small Finance Bank will open with a price band of Rs 445-468 per share.
The Bengaluru-headquartered Jana Small Finance Bank’s issue consists of primary share sale of Rs 462 crore at the upper end of the price band and the remaining Rs 108 crore as offer for sale, its chief executive and managing director Ajay Kanwal told PTI.
