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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.
| 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 Size | 40,983,607 shares (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 |
| Share holding pre issue | 167,568,883 |
| Share holding post issue | 167,568,883 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,442,623 (43.68%) | NA |
| QIB Shares Offered | 12,968,300 (30.72%) | NA |
| NII (HNI) Shares Offered | 6,484,149 (15.36%) | |
| bNII > ₹10L | 4,322,766 (10.24%) | 7,719 |
| sNII < ₹10L | 2,161,383 (5.12%) | 3,859 |
| Retail Shares Offered | 4,322,766 (10.24%) | 108,069 |
| Total Shares Offered | 42,217,838 (100%) |
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 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 |
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 | |||
General Atlantic Singapore Fund Pte. Ltd. is the company promoter.
| Share Holding Pre Issue | 74.37% |
| Share Holding Post Issue | 49.91% |
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 market capitalization of KFin Technologies IPO is Rs 6133.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 35.92 |
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
[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...
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)
| 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 |
| Listing Date | December 29, 2022 |
| BSE Script Code | 543720 |
| NSE Symbol | KFINTECH |
| ISIN | INE138Y01010 |
| Final Issue Price | ₹366 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹366.00 |
| ₹369.00 |
| ₹351.10 |
| ₹372.40 |
| ₹364.00 |
| NSE |
|---|
| ₹366.00 |
| ₹367.00 |
| ₹351.00 |
| ₹373.00 |
| ₹363.85 |
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: https://ipo.bigshareonline.com/ipo_status.html
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
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.
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