KFin Technologies Limited IPO Detail
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 January 31, 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 270 funds of 157 asset managers in India as on January 31, 2022.
As on January 31, 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 January 31, 2022.
KFin Technologies Limited is India's largest issuer solutions provider based on several clients serviced, as of January 31, 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 the Fiscal 2021 and nine months ended December 31, 2021, was Rs. 4,811.44 million and Rs. 4,586.55 million, respectively.
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 January 31, 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 270 funds of 157 asset managers in India as on January 31, 2022.
As on January 31, 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 January 31, 2022.
KFin Technologies Limited is India's largest issuer solutions provider based on several clients serviced, as of January 31, 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 the Fiscal 2021 and nine months ended December 31, 2021, was Rs. 4,811.44 million and Rs. 4,586.55 million, respectively.
Company Promoters
General Atlantic Singapore Fund Pte. Ltd.IPO Details
| IPO Opening Date | Dec 19, 2022 |
| IPO Closing Date | Dec 21, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹347 - 366 per equity share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,500.00 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹1,500.00 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.91x | - | - | 0.01x | 0.24x | 0.55x |
| Day 2 | 1.02x | - | - | 0.03x | 0.74x | 0.7x |
| Day 3 | 4.17x | - | - | 0.24x | 1.36x | 2.58x |
IPO Tentative Timetable
The KFin Technologies Limited IPO open date is Dec 19, 2022, and the close date is Dec 21, 2022. The issue may list on Dec 29, 2022.
| IPO Open Date | Dec 19, 2022 |
| IPO Close Date | Dec 21, 2022 |
| Basis of Allotment Date | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat Account | Dec 28, 2022 |
| IPO Listing Date | Dec 29, 2022 |
IPO Lot Size
The KFin Technologies Limited IPO market lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹190320).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹14640 |
| Maximum | 13 | 520 | ₹190320 |
IPO Promoter Holding
| Pre Issue Share Holding | 75.90% |
| Post Issue Share Holding | 49.91% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 1021.78 | 164.76 | 8.96 |
| 31-Mar-20 | 868.38 | 455.26 | 4.52 |
| 31-Mar-21 | 922.61 | 486.2 | -64.51 |
| 31-Dec-21 | 954.18 | 463.52 | 97.69 |
Objects of the Issue:
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
KFin Technologies Limited IPO Registrar:
Bigshare Services Pvt Ltd
KFin Technologies Limited IPO Lead Manager(s):
ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited IIFL Securities Ltd Jefferies India Private Limited
Company Contact Information:
KFin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi – 500032, Telangana
