KFin Technologies IPO GMP, Price, Dates & Allotment Details 2022
KFin Technologies IPO opens on December 19 and closes on December 21, 2022. According to the DRHP filed in SEBI, the company is planning to issue 40,983,607 shares of ₹ 10 each, aggregating up to ₹ 1,500 crore through this public issue.
Incorporated in 2017. A prominent technology-driven financial services platform in India, KFin Technologies offers a wide range of services and solutions to the corporate issuers and asset managers that make up the capital markets ecosystem. Additionally, it offers a number of investor solutions, such as transaction origination and processing for Malaysian, Philippine, and Hong Kong-based private retirement plans and mutual funds.
The platforms, products, and services offered by KFin Technologies Limited enable its clients to integrate their operational front office, middle office, and back office activities with KFin Technologies’ platform handover to concentrate on their primary business activities, such as sales, marketing & investment management.
The business offers a variety of services to its customers, such as:
- As an investor solutions provider – His clients include asset managers working with mutual funds, alternative investment funds, pension funds, wealth management companies, and corporate treasuries, among many other asset classes.
- As an issuer solutions provider – In addition to creating and maintaining investor folios, processing transactions for various corporate events and issues, such as initial public offerings, follow-on public offerings, dividends, buybacks, rights issues, and bonus issues, as well as various compliance-related reporting and recordkeeping requirements, he offers a full range of corporate registry services. Additionally, the firm offers these issuers a range of VAS and goods.
- Finally, he oversees a global “centre of excellence” for a major global mortgage and issuer services provider, where they offer fully outsourced global business services like mortgage, legal, transfer agency, and finance and accounting services by utilising our technology and execution capabilities as well as India’s cost-competitive advantage.
KFin Technologies IPO – Noteworthy Highlights
- As on January 31, 2022, KFin Technologies is India’s largest investor solutions provider to Indian mutual funds, based on the number of AMC clients serviced.
- KFin Technologies Limited have the 60% market share based on the number of AMC clients (Company providing services to 25 out of 42 AMCs in India)
- It is servicing 270 funds of 157 asset managers in India as on January 31, 2022, representing 32% market share based on the number of AIFs being serviced.
- It is also one of the two operating central record keeping agencies (“CRAs”) for the National Pension System (“NPS”) in India.
- It is the largest issuer solutions provider in India based on the number of clients serviced, as on January 31, 2022.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Total Assets | 1,114.81 | 1,026.41 | 922.61 | 868.38 | 1021.78 |
| Net Worth | 736.72 | 644.34 | 346.40 | 409.58 | 519.28 |
| Total Revenue | 353.76 | 645.56 | 486.20 | 455.26 | 164.76 |
| Profit After Tax | 85.34 | 148.55 | (64.51) | 4.52 | 8.96 |
| Total Borrowing | 126.24 | 122.51 | 346.13 | 375.44 | 406.01 |
KFin Technologies IPO – Details
According to the DRHP filed in SEBI, the company is planning to raise about 1,500 crore through this public issue.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 347 to ₹ 366 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 40 shares |
| Issue Size | 40,983,607 shares of ₹ 10 (Aggregating up to ₹ 1,500.00 Crore) |
| Offer for Sale | 40,983,607 shares of ₹ 10 (Aggregating up to ₹ 1,500.00 Crore) |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retails Shares Offered | Not more than 10% of the Offer |
| Listing At | NSE, BSE |
| Promoters | General Atlantic Singapore Fund Pte. Ltd. |
GMP – KFin Technologies IPO
KFin Technologies IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for live GMP.
Tentative Dates – KFin Technologies IPO
KFin Technologies IPO opens on December 19 and closes on December 21, 2022.
| Opening Date | December 19, 2022 |
| Closing Date | December 21, 2022 |
| Basis of Allotment | December 26, 2022 |
| Initiation of Refunds | December 27, 2022 |
| Credit of shares to Demat A/c | December 28, 2022 |
| Listing Date | December 29, 2022 |
Lot Size – KFin Technologies IPO
The KFin Technologies IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots i.e. 520 shares of ₹ 190,320.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 40 | ₹ 14,640 |
| Retail (Maximum) | 13 | 520 | ₹ 190,320 |
| S-HNI (Minimum) | 14 | 560 | ₹ 204,960 |
| B-HNI (Minimum) | 69 | 2,760 | ₹ 1,010,160 |
Anchor Investors – KFin Technologies IPO
A total of 40,983,607 shares are offered to Anchor investors. KFin Technologies IPO Anchor investor bid ended on Dec 21, 2022. and Anchor Investor Lock-in Period is Dec 16, 2022 for 50% of equity shares and May 1, 2023 for the remaining portion.
| Anchor Investor Bid Date | Dec 16, 2022 |
| Anchor Portion Size | ₹ 1,500.00 crore (Shares offered*Upper Price) |
| Anchor lock-in period end date for 50% Shares | Around Feb 6, 2023 (30 Days) |
| Anchor lock-in period end date (remaining shares) | Around May 1, 2023 (90 Days) |
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Promoters Holdings – KFin Technologies IPO
| Pre-issue Shares Holdings | 74.37% |
| Post-issue Shares Holdings | 71.74% |
SWOT Analysis – KFin Technologies IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Scaled platform with strong track record of growth and market leadership. 2. Company diverse multi-asset servicing platform is well-positioned to benefit from strong growth across large markets in India and South East Asia. 3. Unique “platform-as-a-service” business model providing comprehensive end-to-end solutions enabled by technology solutions developed in-house. 4. Deeply entrenched, long-standing client relationships with a diversified and expanding client base. 5. Asset-light business model with recurring revenue model, high operating leverage, profitability and cash generation | 1. Outstanding legal proceedings involving the Company. 2. Company issuer solutions business is affected by seasonality, which could result in fluctuations in our operating results. 3. KFin Technologies derives a significant portion of its revenues from a few customers and the loss of one or more such clients could adversely affect its business and prospects. 4. Operates in a highly regulated environment 5. The future revenue and profit are significantly dependent on the growth, value and composition of AAUM of the mutual funds managed by company clients, which may decline. |
| OPPORTUNITIES | THREATS |
| 1. Opportunities in international expansion. 2. Data and analytics is advancing increasingly, and as a result, they have become increasingly vital to businesses. | 1. Significant disruptions in company information technology systems or breaches of data security. 2. Changing technologies. 3. Data Privacy and Application Security Challenges 4. Competition |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | 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/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: kfintechipo@bigshareonline.com Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | 1. ICICI Securities Limited 2. Kotak Mahindra Capital Company Limited 3. J.P. Morgan India Private Limited 4. IIFL Securities Ltd 5. Jefferies India Private Limited |
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FAQ’s
What will be the KFin Technologies IPO lot size?
One lot of KFin Technologies IPO contains 40 shares of ₹ 14,640.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will KFin Technologies IPO allotment be available?
The finalization of Basis of Allotment for KFin Technologies IPO will be done on December 26, 2022, and the allotted shares will be credited to your demat account by December 28, 2022. Check the KFin Technologies IPO allotment status.
When will KFin Technologies IPO list on exchanges?
The KFin Technologies IPO shares listing date is December 29, 2022.
How many shares in KFin Technologies IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 75%, NII (HNI) – 15%, and Retail – 10%.
