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Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.
As on September 30, 2022, the company is India's largest investor solutions provider to Indian mutual funds, based on several AMC clients serviced. The company is also servicing 301 funds of 192 asset managers in India as on September 30, 2022.
As on September 30, 2022, KFin Technologies Limited is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds ("AIFs"), wealth managers and pension as well as corporate issuers in India.
KFin Technologies Limited is one of the two operating central record-keeping agencies ("CRAs") for the National Pension System (" NPS") in India as on September 30, 2022.
KFin Technologies Limited is India's largest issuer solutions provider based on several clients serviced, as of September 30, 2022.
The company has classified its products and services in the following manner:
1. Investor solutions -(Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping).
Domestic mutual funds, International, Pension services, Alternatives and wealth management.
2. Issuer solutions (Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault).
3. Global business Domestic mutual services (Mortgage Services Legal Services Transfer Agency Finance and Accounting).
The company's revenue from operations for Fiscal 2022 and the six months ended September 30, 2022, was Rs 6,395.07 million and Rs 3,487.68 million, respectively.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1021.78 | 164.76 | 8.96 | 519.28 | 406.01 |
| 31-Mar-20 | 868.38 | 455.26 | 4.52 | 409.58 | 375.44 |
| 31-Mar-21 | 922.61 | 486.2 | -64.51 | 346.4 | 346.13 |
| 30-Sep-21 | 973.26 | 293.43 | 67.8 | 269.95 | 321.44 |
| 31-Mar-22 | 1026.41 | 645.56 | 148.55 | 644.34 | 122.51 |
| 30-Sep-22 | 1114.81 | 353.76 | 85.34 | 736.72 | 126.24 |
| Amount in ₹ Crore | |||||
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
| IPO Date | Dec 19, 2022 to Dec 21, 2022 |
| Listing Date | Thursday, December 29, 2022 |
| Face Value | ₹10 per share |
| Price | ₹347 to ₹366 per share |
| Lot Size | 40 Shares |
| Issue Size | 40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr) |
| Offer for Sale | 40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 39.37 |
| Market Cap (₹ Cr.) | 6133.02 |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | General Atlantic Singapore Fund Pte. Ltd. is the company promoter. |
KFin Technologies IPO opens on Dec 19, 2022, and closes on Dec 21, 2022. The KFin Technologies IPO bid date is from Dec 19, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 19, 2022 |
| Closing Date | Dec 21, 2022 |
| Basis of Allotment | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat | Dec 28, 2022 |
| Listing Date | Dec 29, 2022 |
The KFin Technologies IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹190,320).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,640 |
| Retail (Max) | 13 | 520 | ₹190,320 |
| S-HNI (Min) | 14 | 560 | ₹204,960 |
| B-HNI (Min) | 69 | 2,760 | ₹1,010,160 |
| Pre Issue Share Holding | 74.37% |
| Post Issue Share Holding | 49.91% |
KTL is one of the leading financial services technology solution providers. It suffered a setback in FY21 but now is on track. Based on its financial performance so far, the issue appears fully priced discounting all near-term positives. Cash surplus investors may consider an investment with a long-term perspective. Read detail review...
The KFin Technologies IPO is subscribed 2.59 times on Dec 21, 2022 7:00:00 PM. The public issue subscribed 1.36 times in the retail category, 4.17 times in the QIB category, and 0.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.17 |
| NII | 0.23 |
| bNII (bids above ₹10L) | 0.25 |
| sNII (bids below ₹10L) | 0.20 |
| Retail | 1.36 |
| Total | 2.59 |
KFin Technologies IPO Anchor investor bid ended on Dec 16, 2022. A total of 18,442,623 shares are offered to Anchor investors. KFin Technologies IPO Anchor Investor Lock-in Period is Feb 6, 2023 for 50% of equity shares and May 1, 2023 for the remaining portion.
| Listing Date | Thursday, December 29, 2022 |
| BSE Script Code | 543720 |
| NSE Symbol | KFINTECH |
| Listing In | B Group of Securities |
| ISIN | INE138Y01010 |
| IPO Price | ₹366 per share |
| Face Value | ₹10 per share |
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KFin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi – 500032, Telangana
Phone: +91 40 7961 5565
Email: compliance.corp@kfintech.com
Website: http://www.kfintech.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: kfintechipo@bigshareonline.com
Website: http://www.bigshareonline.com
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 8 | 2 | 0 |
| Members | 2 | 2 | 5 |
IPO Broker Recommendations
KFin Technologies IPO is a main-board IPO of 40,983,607 equity shares of the face value of ₹10 aggregating up to ₹1,500.00 Crores. The issue is priced at ₹347 to ₹366 per share. The minimum order quantity is 40 Shares.
The IPO opens on Dec 19, 2022, and closes on Dec 21, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in KFin Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in KFin Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KFin Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KFin Technologies IPO opens on Dec 19, 2022 and closes on Dec 21, 2022.
KFin Technologies IPO lot size is 40 Shares and the minimum order quantity is .
You can apply in KFin Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for KFin Technologies IPO will be done on Dec 26, 2022, and the allotted shares will be credited to your demat account by Dec 28, 2022. Check the KFin Technologies IPO allotment status.
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