KFin Technologies Limited IPO Message Board (Page 4)

Seems like a flop show.. barely got through because of QIB support at the end. Avoiding both IPOs as market looks like it has begun a downtrend.
Also felt good seeing less subscription because I never got allotment in any KFin related IPOs.

No fancy and nothing great in this IPO except for the decent valuations. As someone who doesn't touch fintech companies even with a pole, I'll skip. Don't see any listing gains or short term increase.

IPO now out of any problem. Subscribed fully due to the QIBs and Retailers. Big 75% QIB Subscribed is great. Retail only 10% also subscribed full. All HNIs entered in retail, showing no confidence in this IPO. No big risk. This section is ready to face any situation.
No need to panic. AVOID and only AVOID for me.
If others like take decision accordingly.

Elin is good bargain.
Kfintech laga cams wrt all metrices

Seems clear avoid.
If covid 19 , rises again then disposible investible available money will reduce thereby affectint the business.
I feel pockets of market opportunities going to shrink going ahead.
Clear avoid / cancel bids look good options

Those who advocated long in this counter now feeling happy to see retailrs oversubscribe now ...... Unique to see his satisfaction

My pov
Almost 90% shares will go to qib
1. They can sell all at listing but it will be difficult to find the buyers.
2. They keep holding the shares ,thus driving prices higher than issue price.
2nd option seems viable, after seeing higher prices they will slowly let go of shares. Just like delhivery .
Ps: this is just my point of view on demand and supply , i can be wrong. Didn't applied here

In what way Karvy's erstwhile Promotor CP and his sons holding of about 15% will affect the fortunes of KFINTECH whose present Promotors post issue holding is substantial at around 72%. Experts pl explain.

If we have to believe the company's whole time director and CEO statement on Zee business and various media platforms, "There is no obligation on company related to these old promotor related 14% stake".

But truly speaking, no one knows, unless all the court verdicts and cases solve then only general public like you or me can know that actually..

Entire concept of shares having limited liability is capital market innovation in England way back 500 years ago
No case has been filed against company. Company is not a party. The CP group shares are attched by ED.
SO if erstwhile promoters loses cases then their share can be sold in market to recover money adding to free market float
One does not have wait for disposal of all court cases to take call anywhich way you want to take

This IPO seems like other IPOs like Paytm, Policybazaar, etc where our entire money goes to the promoters and is not used for the betterment of the company.

Gurus, Mentors, Experts please suggest whether it is safe to apply even for 1 Retail Lot for listing gain?

Paytm, Policybazaar needs Cash burn to survive whereas Kfin is asset light and free cash flow generator business. Lot of difference.

Hello Champions,

I am applying IPO from my two accounts for a long time but not getting any allotment and also losing FD interest rate as well. Is there any bank that allows the auto-sweep facility to block the amount without breaking my FD and break FD only when there is an allotment?

I appreciate your time to response this message in advance.

Best regards and all the best for future issues.
Pk

The banks, who provides this sweeping fd type actually have less interest rates, earlier somebody reported availability of this feature in icici bank and some other bank (i forgot name)..

but surely you can consider moving for mid to small sized banks which will offer some better SB account rates like

1. RBL Bank
2. IDFC bank
3. Au small finance bank (it is much stable bank though it is with small finance tag)

But do remember, different slab rates are fixed by these banks, i.e. we can actually get benefited only if we keep more money.

Lien can be noted on clear balance only.Balance arised from auto sweep facility & FD OD limit can't use for applying IPO.

Remember Zomato and Delhivery Ipo ( both loss making company) . Both 10% retail quota. Gave amazing returns on listing day as well as short term. Here also some listing gain is possible on Listing day or after 1 month. Cams up almost 2% today.

What is reason of not good listing gains we used to see earlier?
Change of rule in HNI category
Or IPOs coming with reasonable or high valuation?
I think both are the reason but 2nd point has more weight. Even earlier high price IPOs were giving loss.

HNI ka koi lena dena nahi hai high valuation main reason hai kisi ko sasta nahi dena hai aur mahenge IPO koi lene vale to hona chaiyena na

KFin Technologies: Love Me or Hate Me but You can't Ignore Me 🙃

I think LinkedInTime is more qualified to say this exact line :)

Expected subscription by the EOD? Anyone?

Bhailog mujhe thodi information mili he ko January ke 2-3week me jk files and engineering ka 550cr ka ipo aa raha he isliye jk paper ke stock me tagsi demand aa rahi he.Mujhe yaha ke senior members se isle bare me thida research chahiye tha please 🙏

Still I am of the opinion that it is not such a bad issue.

If it lists in discount such discount may not exceed 10%, and if lists in premium such premium may not exceed 4%.

Definitely not for listing gain.

However if HNI category is fully subscribed by 2.30 PM, then I will go for Retail application/s, but I will not venture into sHNI/bHNI categories.

It is heartening to see a community that has not forgotten the fraud committed by this company, the effect of which is still affecting some investors including my family members.

It is clear that stronger action has not been taken by GOI simply because they were unable to do so, Karvy having wrapped their grubby hands around hundreds of companies as their RTA - the system would simply collapse if the company were forced to close, and that is an unfortunate fact. The only thing GOI could do was introduce an alternate option to the Power of Attorney method i.e. the TPIN method, to avoid similar mishaps in the future. I doubt very many are actually using this though, due to the slight inconvenience involved, and especially doubt old account holders of any broker would have bothered revoking their POA despite the Karvy scam.

Some members appear to be supporting the company saying the management has changed - if at all this is completely true without any behind-the-scenes control, changes would only be limited to top mgmt, not the mid & lower ones apart from general employee rotation/attrition.

What I'm saying is they are still the same lethargic & regressive frauds who take no action on nearly any request made by us, and are practically no different from the over 6000 other Telangana companies that were struck off by ROC. Tempting to wonder if this may be a cultural thing.

Here are a few of my recent misadventures even after the apparent management change of this company:

1) A request by my young nephew to change his minor status to major (with a properly updated PAN having the same PAN number) for a mutual fund was not processed for the past two years, despite repeated visits to the local Karvy branches that include acknowledgement of receipt of request, as well as couriers sent to the Karvy HYD office.

2) My grandfather's KYC details, address details and bank details were not updated by Karvy managed companies and mutual funds for the past 10 years, despite him sending written letters, emails, and speed posts and couriers. Karvy simply denied receipt of the same every time despite the tracking showing otherwise. THIS PROBLEM WAS NOT PRESENT IN ANY OF THE CAMS MANAGED MUTUAL FUNDS & COMPANIES as well as companies managed by other RTA's, or erstwhile self-managed mutual funds like Franklin (who later smartly moved to CAMS).

3) Since both address was not updated and hand-written requests for ECS payment was not processed, we have no idea who ate many of the share dividends he was supposed to receive. I assume mutual fund dividends were reinvested but am yet to track them all down & find out. No support from Karvy when I contacted except verbal assurances that have not been acted upon for months. As usual.

4) My grandfather move to dematerialize his physically held shares was processed by most companies, though there were issues with some. And among most of those companies with issues, I have found one thing common - Karvy as the RTA. The more troublesome issue here is that we have no idea what happened to some of those share certificates itself.

Originally, my family assumed the issue was on our side, but it was only much later that we realised that the common factor among all our major misadventures in the stock market was Karvy - whether as the old Karvy or the young KFin - the problems have certainly not been resolved till date, especially the ones related to the physical shares, for which we are exploring legal options, due to lack of proper response even from the current KFin. And I doubt General Atlantic is wholly innocent in this entire affair. Its just economic exploitation all over again, circa the brit EIC era...

This is not the whole sum of our miserable experiences with this company but my shoulder is hurting as I type all this and my rage is overflowing, so I guess its better that I stop lest I start cussing them out here. I simply wished to share my experiences to those who may believe this is a new & honest company simply because a few wise & experienced people claim otherwise. People who probably have vested interests anyway.

I have referred to this nauseating company as Karvy instead of KFin throughout this message as a paint job won't change a jinn for what it actually is. And I'm probably insulting the jinns here by comparing them to the likes of Karvy/KFin.

I'd like to lament a lot more, and perhaps beg the more experienced members for a reliable service provider who can unearth my deceased grandfather's physically held investments across several companies based on his name and address (without folio/pan/etc.) ... but well.

i empathise with you, however service deficiency is not equal to fraud. kcpl is karvy computershare which this company was earlier. i think you are trying to draw some equivalence with karvy stock broking fraud which is not correct. rules around physical shares (fir, folio number requirement, iepf) are made by govt/regulator and not rta, so if you find them bad, you know who to blame. i do hope you get your shares back.

i should also point out that RTA job is to process a txn based on documents and directive received. if there is any deficiency in either, their job is to reject with a reason, and i don’t think they are supposed to then provide consulting/advisory to help you rectify the submission. think about tcs in passport issuance. there are other firms who can help you in this regard, some of which have been pointed out here, hope one of them helps you. I fail to see how the rta benefits from rejecting your submissions (dividends cannot be ‘digested’ by them, they are held in iepf).

Dear stock experts,
I need your suggestion/guidance on Tanla platforms buy back. I have two accounts with 100 and 200 shares of Tanla respectively. How many maximum shares should I apply for max benefit? As you know, the entitlement ratio is 17 Shares out of every 625 shares. By the way, I am talking about retail.

Thanks in advance for your help and suggestions.

Tender all shares.

@RKP
Entitlement is based on record date, the shares you are holding. Here you are holding 100 shares your Entitlement will be 3 shares. Company will accept your 3 shares positively. If you have sold 90 or any number of shares after record date, you are still entitled for 3 shares only and not more. But you can offer all your 10 or remaing shares also. According to acceptance ration your shares will be considered for buy back. It can 3 to 10 or offered shares. Any number but not below 3.
Hope I am able to make your point clear.

I understand that KFin Technologies is from group of Karvy, the famous for loan taken against Clients share.

please let the members in the forum know how you came to the understanding that kfin is from karvy group. please share your research, because the RHP implies otherwise. thank you

I appreciate ArunArun clarification. Member shall be careful with KFin considering it’s association (in past) with Karvy

GMP 2

Considering poor promoter quality and other corporate issue will not apply this IPO