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KFin Technologies Limited IPO (KFin Technologies IPO) Detail

December 19, 2022 - December 21, 2022

KFin Technologies IPO is a book built issue of Rs 1,500.00 crores. The issue is entirely an offer for sale of 4.1 crore shares.

KFin Technologies IPO bidding started from December 19, 2022 and ended on December 21, 2022. The allotment for KFin Technologies IPO was finalized on Monday, December 26, 2022. The shares got listed on BSE, NSE on December 29, 2022.

KFin Technologies IPO price band is set at ₹347 to ₹366 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,640. The minimum lot size investment for sNII is 14 lots (560 shares), amounting to ₹204,960, and for bNII, it is 69 lots (2,760 shares), amounting to ₹1,010,160.

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Iifl Securities Ltd and Jefferies India Private Limited are the book running lead managers of the KFin Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to KFin Technologies IPO RHP for detailed information.

KFin Technologies IPO Details

IPO Date December 19, 2022 to December 21, 2022
Listing Date December 29, 2022
Face Value ₹10 per share
Price Band ₹347 to ₹366 per share
Lot Size 40 Shares
Total Issue Size40,983,607 shares
(aggregating up to ₹1,500.00 Cr)
Offer for Sale40,983,607 shares of ₹10
(aggregating up to ₹1,500.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

KFin Technologies IPO Reservation

KFin Technologies IPO offers 42,217,838 shares. 12,968,300 (30.72%) to QIB, 6,484,149 (15.36%) to NII, 4,322,766 (10.24%) to RII 18,442,623 (43.68%) to Anchor investors. 108,069 RIIs will receive minimum 40 shares and 3,859 (sNII) and 7,719 (bNII) will receive minimum 560 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered18,442,623 (43.68%)NA
QIB Shares Offered12,968,300 (30.72%)NA
NII (HNI) Shares Offered6,484,149 (15.36%)
  bNII > ₹10L4,322,766 (10.24%)7,719
  sNII < ₹10L2,161,383 (5.12%)3,859
Retail Shares Offered4,322,766 (10.24%)108,069
Total Shares Offered42,217,838 (100%)

KFin Technologies IPO Anchor Investors Details

KFin Technologies IPO raises Rs 675.00 crore from anchor investors. KFin Technologies IPO Anchor bid date is December 16, 2022. KFin Technologies IPO Anchor Investors list

Bid Date December 16, 2022
Shares Offered 18,442,623
Anchor Portion Size (In Cr.) 675.00
Anchor lock-in period end date for 50% shares (30 Days) January 25, 2023
Anchor lock-in period end date for remaining shares (90 Days) March 26, 2023

KFin Technologies IPO Timeline (Tentative Schedule)

KFin Technologies IPO opens on December 19, 2022, and closes on December 21, 2022.

IPO Open Date Monday, December 19, 2022
IPO Close Date Wednesday, December 21, 2022
Basis of Allotment Monday, December 26, 2022
Initiation of Refunds Tuesday, December 27, 2022
Credit of Shares to Demat Wednesday, December 28, 2022
Listing Date Thursday, December 29, 2022
Cut-off time for UPI mandate confirmation 5 PM on December 21, 2022

KFin Technologies IPO Lot Size

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 40 ₹14,640
Retail (Max) 13 520 ₹190,320
S-HNI (Min) 14 560 ₹204,960
S-HNI (Max) 68 2,720 ₹995,520
B-HNI (Min) 69 2,760 ₹1,010,160
Lot Size Calculator

KFin Technologies IPO Promoter Holding

General Atlantic Singapore Fund Pte. Ltd. is the company promoter.

Share Holding Pre Issue 74.37%
Share Holding Post Issue 49.91%

About KFin Technologies Limited

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.

Company Financials

KFin Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of KFin Technologies IPO is Rs 6133.02 Cr.

Pre IPO Post IPO
P/E (x) 35.92

Objects of the Issue (KFin Technologies IPO Objectives)

The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.

KFin Technologies IPO Review (May apply)

[Dilip Davda]  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...

KFin Technologies IPO Subscription Status (Bidding Detail)

The KFin Technologies IPO is subscribed 2.59 times on December 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)

CategorySubscription (times)
    bNII (bids above ₹10L)0.25
    sNII (bids below ₹10L)0.20

KFin Technologies IPO Prospectus

KFin Technologies IPO Rating

Rating:Rated 3.4 stars
Vote Here ...

KFin Technologies IPO Listing Details

Listing Date December 29, 2022
BSE Script Code 543720
ISIN INE138Y01010
Final Issue Price ₹366 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

KFin Technologies Limited Contact Details

KFin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi – 500032, Telangana
Phone: +91 40 7961 5565

KFin Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

KFin Technologies IPO FAQs

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 December 19, 2022, and closes on December 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'KFin Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The KFin Technologies IPO opens on December 19, 2022 and closes on December 21, 2022.

KFin Technologies IPO lot size is 40 Shares, and the minimum amount required is ₹14,640.

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 Monday, December 26, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 28, 2022. Check the KFin Technologies IPO allotment status.

The KFin Technologies IPO listing date is on December 29, 2022.
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KFin Technologies IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



186. RJrahul |   Link |  Bookmark |January 31, 2023 5:00:21 PM
185. JEN |   Link |  Bookmark |January 5, 2023 7:45:03 AM
VBL change their RTA from Linkintime to Kfin.
184. D Dhandapani |   Link |  Bookmark |January 2, 2023 6:12:35 PM
All main board IPO’s listing , negatively, which will affect the sentiments of the IPO investors….Bad time for IPOs….
183. Hrishikeh Gaikwad |   Link |  Bookmark |January 2, 2023 9:35:06 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
whats the view going forward of the alotees
182. Jaga |   Link |  Bookmark |December 29, 2022 10:21:58 PM
29-Dec-2022      KFINTECH      Kfin Technologies Limited      MORGAN STANLEY ASIA (SINGAPORE) PTE.      SELL      10,00,000      365.04
182.2. Liger |   Link |  Bookmark |December 30, 2022 8:37:14 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Stock has absorbed the selling pressure.
182.3. Z©RR© |   Link |  Bookmark |December 31, 2022 8:29:18 AM
Just goes to show how credible Morgan Stanley is, to those who couldn't guess enough from their devious buy / sell calls on various secondary market scrips.
181. atul |   Link |  Bookmark |December 29, 2022 11:15:59 AM (300+ Posts)
As retails are less participants.stock is freely moving for 375 target.tommorrow is likly to have better market condition so if good condition is there 400 is not far
180. atul |   Link |  Bookmark |December 29, 2022 10:39:04 AM (300+ Posts)
All are buying will see 375.
179. PKRAJ |   Link |  Bookmark |December 29, 2022 9:25:23 AM
Listing beyond expectations in such a weak market. This is the power of KFin Tech. Applying for listing gain, couldn't get anything but not in negative. Again no profit, no loss. But after listing in negative. Anything can happen. This is KFin Tech !!!
179.1. atul |   Link |  Bookmark |December 29, 2022 9:33:28 AM (300+ Posts)
Kfintech is like dilip build con. No fundamental but super results and share holders wealth
179.2. DDM |   Link |  Bookmark |December 29, 2022 10:35:49 AM
Why say "" Listing beyond expectatios""
178. DDM |   Link |  Bookmark |December 29, 2022 10:34:44 AM
Seems it is latest laggard in ipo basket.
Sooner the result of December, better for rate to sustain.
Doubt that it will close above 355
Better have cash in hand.
Actions from collective basket will highlight this.
177. Abhijeet Kumar |   Link |  Bookmark |December 29, 2022 9:33:18 AM
Listing has been much better than expected. People who got allotment should thank god for this and hopefully better wisdom prevails and they exit this company for their own good
176. atul |   Link |  Bookmark |December 29, 2022 9:25:14 AM (300+ Posts)
Volume data suggest ,all buy retail was undersub .so chain reaction started for buying
175. atul |   Link |  Bookmark |December 29, 2022 9:20:15 AM (300+ Posts)
Hold on no selling pressure.will go trough 375
174. jay here |   Link |  Bookmark |December 29, 2022 8:52:22 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Onwards 10.00 we MIGHT see a downfall
173. PSR |   Link |  Bookmark |December 29, 2022 8:52:03 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Volume is low.

Listing price unlikely to sustain.
172. PSR |   Link |  Bookmark |December 29, 2022 8:45:48 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Not a bad listing.

It has given EXIT opportunity.
171. hbk |   Link |  Bookmark |December 29, 2022 8:35:09 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Will it behave like angel one post listing ?
Angel also had weak subscription and weak listing.
171.1. PSR |   Link |  Bookmark |December 29, 2022 8:41:06 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Most unlikely.

Angel One has changed its business approach, significantly, after listing.
170. PSR |   Link |  Bookmark |December 29, 2022 8:27:51 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Placed two orders for purchase, at lower levels, for very small quantities.
169. Rama Krishna Prasad |   Link |  Bookmark |December 29, 2022 5:49:06 AM
Dear freinds,
I got allotment message as well money got deducted but shares are not yet credited into my demat account. Should I call them or wait for another day or two?
169.1. JEN |   Link |  Bookmark |December 29, 2022 8:08:59 AM
@ Do you check in NSDL or CDSL main account?
If there no any credit than call. It is my opinion. Do as per your own decision.
169.2. PSR |   Link |  Bookmark |December 29, 2022 8:20:57 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Check now. By this time it must reflect in your account.

If you have already checked the website of Depository, then the reason could be some technical problem.

Allotted share are reflected in the accounts with the Brokers just prior to Listing.

Since it is listed it should reflect now.
168. Monster Zero |   Link |  Bookmark |December 29, 2022 12:35:35 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Pickup price 325 in a few days...or maybe tommorow...
Tread cautiously as sideways movement could get you stuck for a while..
Market in a lazy mood tommorow.
Ofcourse there will be price play at a certain points.

167. SmallInvstr |   Link |  Bookmark |December 29, 2022 12:14:40 AM
Listing gains are expected because 1) Retail portion was very less, and 2) popular Mutual Funds were not invited for the pre-IPO bidding, expect some of them will buy from the open market.