Jana Small Finance Bank IPO listing date today: Here's GMP, what experts indicate

livemint.com:

Jana Small Finance Bank IPO: The listing date of the initial public offering (IPO) of Jana Small Finance Bank has been fixed on 14th February 2024 i.e. today. As per the information available on the BSE website, the Jana Small Finance Bank IPO listing will take place in a special pre-open session on 14th February 2024.

Jana Small Finance Bank share price will list on BSE and NSE and it will become open for trade on the bourses from 10:00 AM during Wednesday deals. “Our Bank has filed the Prospectus dated February 09, 2024 with the RoC (the “Prospectus") and the Equity Shares (as defined below) are proposed to be listed on the Main Board platform of National Stock Exchange of India Limited (“NSE") and BSE Limited (“BSE") and the trading is expected to commence on February 14, 2024," the company said in its exchange filing. Also read: Rudra Gas Enterprise IPO allotment finalised: Latest GMP, how to check allotment status According to market experts, Jana Small Finance Bank IPO received a decent repsonse from investors and got subscribed over 20x on the last day of bidding.

The listing of Jana Small Finance Bank IPO could be around 445-455 with listing gain of around 8%. Those who have applied for listing gain, are advised to remain vigilant about the trade volume in special pre-open session. Speaking on Jana Small Finance Bank IPO listing, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “Jana Small Finance Bank IPO was offered at attractive valuations but it paid the price in over crowded primary market.

The stock may be listed at a premium of ₹30 to ₹40 per share. However, in case of higher trade volume post-listing, we may witness some upside post-listing. So, those who have applied for listing