KFin Technologies Limited IPO Detail

KFin Technologies Limited IPO Detail

Company Profile

Established in 2017, KFin Technologies Limited is a leading technology-driven financial services platform in India. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and It has an end-to-end transaction management platform across multiple asset classes such as mutual fund, direct stock investments, alternate investment funds, wealth and pension across India, Malaysia, Philippines, and Hong Kong.

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).
Business Information

As on January 31, 2022, the company is India's largest investor solutions provider to Indian mutual funds, based on several AMC clients serviced.  Based on the number of AMC clients served, they are India's largest investor solutions supplier to Indian mutual funds. They provide services to 25 of India's 42 AMCs, accounting for 60% of the market based on the number of AMC clients.
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.
The company's revenue from operations for the Fiscal 2021 and nine months ended December 31, 2021, was Rs. 4,811.44 million and Rs. 4,586.55 million, respectively.

Facts about the Company
  • The company is the largest RTA and a market leader in the financial sector in the country with an overseas presence with a number of clients in countries like Hong Kong and the Philippines.
  • In India, KFin services 270 funds from 157 asset managers, accounting for 32% of the market in terms of the number of alternative investment funds (AIFs) served.
  • KFin Technologies Limited is one of the two operating central record-keeping agencies ("CRAs") for the National Pension System (" NPS") in India as on January 31, 2022
  • Unique “platform-as-a-service” business model providing comprehensive end-to-end solutions enabled by technology solutions developed in-house 
Points to note before investing in the IPO
  • A diverse multi-asset servicing platform that might profit from expansion in India and Southeast Asia's huge markets.
  • Scaled platform with a strong track record of growth and market leadership
  • Deeply entrenched, long-standing client relationships with a diversified and expanding client base
  •  Asset-light business model with a recurring revenue model, high operating leverage, profitability, and cash generation

Objective of the IPO

The net proceeds from the issue will be used for:
(a)To carry out the Offer for Sale to Equity Shares aggregating to ₹ 1500 crores by the Promoter Selling Shareholder.
(b) Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Opening Date
Dec 19, 2022 
Closing Date
Dec 21, 2022
Issue type
Book Built Issue IPO
Face Value
₹10 per share
Issue Price
₹347  to ₹366 per share
Lot Size
IPO Price
₹1,500.00 Cr
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
Dec 26, 2022
Initiation of Refunds
Dec 27, 2022
Credit of Equity Shares
Dec 28, 2022
Listing Date
Dec 29, 2022

To apply from 5paisa Website: Apply IPO

To apply from 5paisa Mobile App:Apply IPO

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