Kfin Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 29, 2022Kfin Technologies Limited is one of the leading registrars in India. The company has extensively wide operations in India and other countries.
About 74.94 per cent of Kfin Technologies is owned by General Atlantic, a leading global private equity investor.
The entity assists corporate issuers and is now bringing its own Kfin Technologies IPO. The IPO is entirely an Offer for Sale by a major investor of Kfin Technologies, General Atlantic.
In this Kfin Technologies IPO Review, we will give you insights into this IPO and all the things related to it.
| Face Value | Rs 10 |
| Price Band | Rs 347 – Rs 366 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 40 Shares |
| Listing Date | Dec 29, 2022 |
| Offer for Sale | Rs. 1,500.00 Cr. |
| Fresh Issue | NA |
| IPO Size | Rs. 1,500.00 Cr |
| Tick Size | 1 |
Kfin Technologies IPO Overview
Kfin Technologies IPO is an Offer for Sale issue, which means there is no fresh issue of equity shares.
It will transfer shares from the earlier owner to the prospective investor. The selling shareholder will be entitled to the proceeds from the IPO.
The IPO is being launched to carry out the sale of equity shares and get the listing advantages. The total offer size of this issue will be up to Rs. 1,500.00 Cr.
Kfin Technologies IPO Important Dates
| Events | Date |
| IPO Opening Date | Dec 19, 2022 |
| IPO Closing Date | Dec 21, 2022 |
| Basis of Allotment Finalization | Dec 26, 2022 |
| Refunds Initiation | Dec 27, 2022 |
| Credit of Shares to Demat Account | Dec 28, 2022 |
| Share Listing Date | Dec 29, 2022 |
Kfin Technologies has filed the Draft Red Herring Prospectus (DRHP) with the capital market regulator SEBI. All the entities were willing to offer their securities to the public, which ultimately led to listing equity shares on the stock exchanges.
The DRHP papers were filed on March 31, 2022. Kfin Technologies IPO Dates will be updated after SEBI approves the IPO.
Kfin Technologies IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 347 – Rs 366 |
| Offer for Sale | Rs. 1,500.00 Cr |
| Fresh Issue | NA |
| IPO Size | Rs. 1,500.00 Cr |
Kfin Technologies IPO Size entirely consists of the shares offered through an Offer for Sale of equity shares where the company’s promoter is offloading equity shares worth Rs. 1500 crores.
The company will determine kfin Technologies IPO Price and the selling shareholders in consultation with the Book Running Lead Managers through the Book Building process.
The proposed shares will be listed on BSE and NSE.
Kfin Technologies IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 29 Dec 2022 | Disc | NA | NA |
| 28 Dec 2022 | Disc | NA | NA |
| 27 Dec 2022 | Disc | NA | NA |
| 26 Dec 2022 | Disc | NA | NA |
| 25 Dec 2022 | Rs 5 | NA | NA |
| 24 Dec 2022 | Rs 5 | NA | NA |
| 23 Dec 2022 | Rs 5 | NA | NA |
| 22 Dec 2022 | Rs 5 | NA | NA |
| 21 Dec 2022 | Rs 5 | NA | NA |
| 20 Dec 2022 | Rs 5 | NA | NA |
| 19 Dec 2022 | Rs 0 | NA | NA |
| 17 Dec 2022 | Rs 5 | NA | NA |
| 16 Dec 2022 | Rs 5 | NA | NA |
Kfin Technologies IPO GMP is available now. The GMP will be available before the listing of the shares.
Kfin Technologies IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 19th Dec | 0.91x | 0.01x | 0.26x | 0.55x |
| 2nd Day -20th Dec | 1.02x | 0.03x | 0.74x | 0.70x |
| 3rd Day – 21st Dec | 1.02x | 0.04x | 0.90x | 0.73x |
| Shares Offered or Net Issue | 12,968,300 | 6,484,149 | 4,322,766 | 23,775,215 |
Kfin Technologies IPO Subscription is open up to now. Kfin Technologies has filed the due documents recently and is preparing in full swing to launch the IPO in the market and successfully execute the share sale.
In the subscription process, the investors will bid for the shares they want to get allotted. The bidding will be done within the company’s price band.
Kfin Technologies IPO Allotment Status
Kfin Technologies IPO allotment is available right now. The company is waiting for the SEBI Nod. Once the RHP is filed with the Registrar of Companies, the basis of allotment and its due date and other details will be intimated.
Kfin Technologies IPO Live Performance
You can check the Kfin Technologies IPO performance here. We will update the Kfin Technologies IPO Price to keep you updated.
Subscribe to Kfin Technologies IPO – Open Free Demat Account Now!
Kfin Technologies – Company Review
Kfin Technologies Limited was formed in 2017 as ‘KCPL Advisory Services Private Limited’ and later on in the same year changed its name to Karvy Fintech Private Limited.
Later, in 2019, it again went into name changing and emerged as KFin Technologies Private Limited.
In the year 2022, the company changed its status from a private company to a public company. Subsequently, its name was changed from KFin Technologies Private Limited to KFin Technologies Limited.
The entity is one of India’s leading registrars and provides services to asset managers and corporate issuers.
Products or Services
KFin Technologies Limited offers an asset management service. Their platforms are among the leading investor and issuer servicing platforms.
The company has a platform according to country specifics for Mutual Funds, ETFs, Alternatives, and Pension for investor servicing.
Its service also includes solutions related to transactions originating and processing for mutual funds and private retirement schemes in places like Malaysia, the Philippines, and Hong Kong.
Kfin Technologies envision to be the preferred name for investment management, and intermediaries enable differentiated growth.
Promoters and Holding
The Promoter of Kfin Technologies Limited is General Atlantic Singapore Fund Pte. Ltd.
The management of the company comprises:
- Vishwanathan Mavila Nair in the position of Chairman and Non–executive Director
- Venkata Satya Naga Sreekanth Nadella in the position of Whole-time Director and Chief Executive Officer
- Sandeep Achyut Naik in the position of Non-executive Nominee Director
- Shantanu Rastogi in the position of Non-executive Nominee Director
- Srinivas Peddada in the position of Non-executive Director
- Jaideep Hansraj in the position of Non-executive Nominee Director
- Prashant Saran, in the position of Independent Director
- Sonu Halan Bhasin, in the position of Independent Director
- Kaushik Mazumdar, in the position of Independent Director
- Vivek Narayan Mathur in the position of Chief Financial Officer
- Ajit Kumar, in the position of Chief Strategy Officer
- Gopala Krishnan Giridhar in the position of Chief Business Development Officer
- Hanisha Vadlamani in the position of Chief Branding Officer
Kiran Aidhi, in the position of Chief People Officer
Is Kfin Technologies good for Investment?
Kfin Technologies Limited is a technology-driven entity. It offers a financial service platform to its customers where they get comprehensive services and solutions to the capital markets ecosystem.
The entity is a leader in the industry and acts as a registrar in public issues. In about 5+ years, Kfin Technologies has achieved immense heights and has emerged as a preferred and desirable asset management companion.
Kfin Technologies is India’s largest service provider for investment solutions for Indian mutual funds.
Kfin Technologies Financial Statements
| Amount (in INR & Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 9,541.78 | 9,111.45 | 9,226.12 | 8,683.84 | 10,217.84 |
| Revenue | 4,635.18 | 3,425.45 | 4,861.98 | 4,552.65 | 1,647.55 |
| Expense | 3,317.97 | 3,100.76 | 4,186.90 | 4,367.58 | 1,508.93 |
| Profit After Tax | 976.91 | 236.00 | (645.07) | 45.23 | 89.55 |
Kfin Technologies has reflected year-on-year growth. It is a profit-making company that aims at making a difference in the financial sphere with its attempts.
The total income for 2019, 2020, and 2021 were – 1,647.55 million, 4,552.65 million, and 4,861.98 million.
The profits for 2019, 2020, and 2021 were – 138.62 million, 185.07 million, and 675.08 million.
| Earnings per Equity Share (in Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 6.34 | 1.56 | (4.28) | 0.28 | 1.46 |
OVER THE YEARS, the EPS of Kfin Technologies has shown some upward and downward fluctuations. As of December 31, 2021, the company’s EPS was Rs. 6.34 against the EPS of 2021, which was Rs. (4.28).
Kfin Technologies IPO Review
Kfin Technologies is a prosperous entity taking the lead in various businesses and has become one of the leading registrars in India.
The majority of the company is owned by General Atlantic Singapore Fund Pte. Ltd, and the entity will be offloading its shares and offering it to the public.
The IPO can be a good opportunity for investors from the investment prospect. The company is growing in operations and is well-adopting new technical advancements.
Kfin Technologies IPO Details
Here are few more details you need to know before investing in Kfin Technologies IPO –
Kfin Technologies IPO Issue Object
The Kfin Technologies has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Utilization of the Offer Proceeds by Promoter Selling Shareholder
- Offer expenses
Kfin Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Scaled platform with a strong track record of growth and market leadership;
- Our diverse multi-asset class platform is well-positioned to benefit from strong growth across large markets in India and South-East Asia;
- Unique “platform-as-a-service” business model providing comprehensive end-to-end solutions enabled by proprietary technology solutions;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base;
- An asset-light business model with a recurring revenue model, high operating leverage, profitability and cash generation; and
- Experienced management team, backed by a strong board and marquee shareholders, along with a strong culture of compliance.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (4.28) | (18.62) | 22.96 |
| 31-Mar-20 | 0.28 | 1.10 | – |
| Mar-19 | 1.46 | 1.72 | – |
Kfin Technologies IPO Lead Managers
Here are the list of Lead managers –
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- IIFL Securities Limited
- Jefferies India Private Limited
Kfin Technologies IPO Registrar to offer
Check out the details of registrar here –
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Telephone no.: +91 022 62638200
E-mail: kfintechipo@bigshareonline.com
Investor Grievance e-mail: inestor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Jibu John
Kfin Technologies IPO – Other Details
- Statutory Auditor – B S R & Associates LLP
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – The Hongkong and Shanghai Banking Corporation, India
Kfin Technologies IPO – Conclusion
The Kfin Technologies IPO is an Offer for Sale where the promoter is offering its shares for sale. The company’s operations are diverse and have to gain competitive strength over others.
Investors can invest in the company as a positive investment prospect.
To Subscribe to Kfin Technologies IPO – Open Demat Account Now!
Kfin Technologies IPO Review FAQs
Check out the FAQs on Kfin Technologies IPO –
What is the Issue Size of Kfin Technologies IPO?
The Company is making an initial public offer of 40,983,607 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Kfin Technologies IPO?
The price band for this particular IPO ranges between Rs 347 – Rs 366. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Kfin Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 19, 2022, while the closing date is set at Dec 21, 2022.
What is the Kfin IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 26, 2022, refund initiation is on Dec 27, 2022, credit of shares is on Dec 28, 2022, and share listing date is on Dec 29, 2022.
What is the Kfin Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges Dec 29, 2022. The date, when the listing would be done, is stagnant on Dec 29, 2022.
Who is the Registrar of Kfin IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kfin Technologies IPO?
Here are the promoters of this IPO – GENERAL ATLANTIC SINGAPORE FUND PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Kfin IPO?
They have obtained the GMP of this IPO and it is Rs Disc. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Kfin Technologies IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Kfin Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (645.07), 2020 is 45.23, 2019 is 89.55. PAT from Dec 2021 is 976.91.
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