KFin Technologies Limited IPO Details
KFin Technologies Limited, incorporated in the year 2017 is a renowned technologically-driven financial service platform. The company offers solutions and services for corporate issuers and asset management companies across asset classes across India and provides a range of options for investors, including transaction origination and management for mutual funds as well as private retirement plans in Malaysia and in the Philippines as well as Hong Kong on account of the following:
- As on September 30, 2022, it is India’s largest investor solutions provider to Indian mutual funds, based on number of AMC clients serviced, providing services to 24 out of 41 AMCs in India, as on September 30, 2022, representing 59% of market share based on the number of AMC clients
- As on September 30, 2022, it 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, besides servicing overseas clients in South East Asia and Hong Kong.
- It is servicing 301 funds of 192 asset managers in India as on September 30, 2022, representing 30% market share based on number of AIFs being serviced.
- It is one of the three operating central record keeping agencies (“CRAs”) for the National Pension System (“NPS”) in India as on September 30, 2022.
- As on June 30, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds and private retirement schemes as specified in the CRISIL Report, they are servicing 18 AMC clients in Malaysia in addition to three clients in Philippines and Hong Kong as on September 30, 2022.
- It is the largest issuer solutions provider in India based on number of clients serviced, as on September 30, 2022. (Source: CRISIL Report).They are one of only two players of scale in India’s issuer solutions space where they hold a 46% market share based on the market capitalization of NSE 500 companies and a 37% market share based on number of clients serviced within NSE 500 companies, each as on September 30, 2022.
Their platforms, including KARISMA, KPRISM, KREATION, FINTRACKS, eAGM, and a number of others, significantly lower the total operating costs while accelerating business growth, investor satisfaction levels, and client value at the same time. KFintech provides all the services, such as Fund accounting and administration, Investor servicing (Transfer Agency), CRM system, Compliance, physical infrastructure (branches), etc., enabling a laser-like focus on investment management.
Their business wise clientele are also described below:
Objective of the Issue
It is proposed that the Fresh Issue’s net proceeds be used as follows:
- For the purpose of carrying out the Promoter Selling Shareholder’s Offer to Sell Up to 2,400 crores of Equity Shares.
- To benefit from listing equity shares on stock exchanges
| KFin Technologies Limited | Details |
|---|---|
| Price Band | ₹ 347 to ₹ 366 per share |
| Face Value | ₹ 10 per share |
| Issue Size | 1500 Crs |
| Opening Date | 19 Dec 2022 |
| Closing Date | 21 Dec 2022 |
| Allotment | 26 Dec 2022 |
| Initiation of Funds | 27 Dec 2022 |
| Credit to Demat | 28 Dec 2022 |
| Listing Date | 29 Dec 2022 |
| Pre Issue Share Holding | 74.37% |
| Post Issue Share Holding | 49.91% |
| 1 lot | 40 Shares |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Retail (Min) | 1 Lot (40 Shares) |
| Retail (Max) | 13 Lots (520 Shares) |
| S-HNI (Min) | 14 Lots (560 Shares) |
| B-HNI (Min) | 69 Lots (2760 Shares) |
| Promoters | General Atlantic Singapore Fund Pte. Ltd. |
| Draft Red Herring Prospectus | DRHP |
| Red Herring Prospectus | RHP |
| Grey Market Premium | Click Here |
| Allotment Status | Check Here |
The KFin Technologies IPO’s bid period is from Dec 19, 2022, at 10:00 A.M., to Dec 21, 2022, at 5:00 P.M. UPI Mandate confirmation must be received by 5 PM on the day the issue closes.
