KFin Technologies Limited
IPO Details
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₹5(1.37%)
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Following its successful public offering, KFin Technologies Limited's made its market debut on Dec 29, 2022 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 4,09,83,606 Shares in total capital, including TBD in primary equity infusion and ₹1500.00 Cr in secondary share sales.
The offering was structured with a price band of ₹347 to ₹366 and minimum investment lots of 40 shares. Investor participation during the subscription window from Dec 19, 2022 to Dec 21, 2022 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 27, 2022, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial services platform offering comprehensive investor and issuer solutions across multiple asset classes in India and select international markets. The company provides transaction origination, processing, and record-keeping services for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong. As of September 30, 2022, it is India’s largest investor solutions provider to mutual funds and the only platform serving mutual funds, AIFs, wealth managers, pension funds, and corporate issuers under one roof. KFin Technologies is also one of the two central record-keeping agencies (CRAs) for the National Pension System (NPS) and the country’s largest issuer solutions provider. Its offerings span investor solutions, issuer solutions such as IPO/FPO processing and e-AGMs, and global services including mortgage, legal, finance, and accounting support. For Fiscal 2022, the company reported revenue from operations of ₹6,395.07 million, with ₹3,487.68 million recorded in the six months ended September 30, 2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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