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  • Writer's pictureJatin Agarwal

KFin Tech IPO



Company and IPO Overview

Digital financial services provider, KFin Technologies will launch its IPO of ₹1,500 crore on December 19 (Monday). Subscriptions will be allowed till December 21. The public offer is an entirely offer for sale (OFS) and General Atlantic Singapore is the sole selling shareholder.

The company has fixed a price band of ₹347 per share and ₹366 per share. The bid lot size is 40 equity shares and multiples thereof. The face value of the equity shares is ₹10.


KFin Tech is amongst the leading technology-driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong.


As of September 30, 2022, the company is servicing 301 funds of 192 asset managers in India, representing 30% market share based on the number of AIFs being serviced, as per CRISIL.


Financials (rounded off)

Date

Total Revenue (₹ in cr)

​​​PAT (₹ in cr)

​31/03/2020

455

5.4

31/03/2021

486

-64.5

31/03/2022

645.5

148.5

Objective of the Issue

The issue is an OFS. The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.


IPO Details

IPO Date

19/12/2022-21/12/2022

Face Value

₹10 per share

IPO Price Band

₹347 to ₹366 per share

IPO Lot Size

40 Shares

Listing at

NSE, BSE

Basis of Allotment

26/12/2022

Credit of Shares in Demat

28/12/2022

Listing Date

29/12/2022

Pre-Issue Shareholding

74.37%

Post-Issue Shareholding

49.91%

Retail Minimum Lot Size

40 shares (₹14,640)

Crisp Insights

1) The promoters have a case pending against them that may be a red flag for some investors.

2) GMP is currently around ₹5 which is insignificant.


Disclaimer: All information is provided for educational and informational purpose only. Data is fetched from publicly available sources such as the DRHP filed by the company. The website or the author takes no guarantee for the accuracy of the data however, we have tried our best to present accurate data to out readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.



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