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KFin Technologies IPO vs Radiant Cash Management IPO

Comparison between KFin Technologies IPO and Radiant Cash Management IPO.

IPO Details

KFin Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 KFin Technologies IPORadiant Cash Management IPO
LogoKFin Technologies IPO LogoRadiant Cash Management IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersJefferies India Pvt.Ltd.

IIFL Capital Services Ltd.

JP Morgan India Pvt.Ltd.

Kotak Mahindra Capital Co.Ltd.

ICICI Securities Ltd.		YES Securities (India) Ltd.

Motilal Oswal Investment Advisors Ltd.

IIFL Capital Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of KFin Technologies IPO is up to ₹1,500.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of KFin Technologies IPO is ₹366.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

 KFin Technologies IPORadiant Cash Management IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹347.00 per share₹94.00 per share
Issue Price (Upper)₹366.00 per share₹99.00 per share
Issue Price (Final)₹366.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size40 shares150 shares
Fresh Issue Size0 shares54,54,546 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹52.47 Cr
OFS Issue Size4,09,83,606 shares2,12,22,431 shares
OFS Issue Size (Amount)up to ₹1,500.00 Crup to ₹204.17 Cr
Issue Size Total4,09,83,606 shares2,66,76,977 shares
Issue Size Total (Amount)up to ₹1,500.00 Crup to ₹256.64 Cr

IPO Timetable

KFin Technologies IPO opens on Dec 19, 2022, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of KFin Technologies IPO and Radiant Cash Management IPO is Dec 21, 2022, and Dec 27, 2022, respectively.

 KFin Technologies IPORadiant Cash Management IPO
Anchor Bid DateDec 16, 2022Dec 22, 2022
Issue OpenDec 19, 2022Dec 23, 2022
Issue CloseDec 21, 2022Dec 27, 2022
Basis Of Allotment (Tentative)Dec 26, 2022Dec 30, 2022
Initiation of Refunds (Tentative)Dec 27, 2022Jan 02, 2023
Credit of Share (Tentative)Dec 28, 2022Jan 03, 2023
Listing date (Tentative)Dec 29, 2022Jan 04, 2023
Anchor Lockin End date 1Jan 25, 2023Jan 29, 2023
Anchor Lockin End date 2Mar 26, 2023Mar 30, 2023

Financials & KPIs

KFin Technologies IPO P/E ratio is 35.92, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

 KFin Technologies IPORadiant Cash Management IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202230 Sep 202131 Mar 202131 Mar 202031 Mar 2019
Assets1,114.811,026.41973.26922.61868.381,021.78
Total Income353.76645.56293.43486.20455.27164.76
Profit After Tax85.35148.5567.80-64.514.528.96
NET Worth736.72644.34269.95346.40409.58519.28
Reserves and Surplus0.000.000.000.000.00
Total Borrowing126.24122.51321.44346.13375.44406.01
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets203.95190.57162.14157.62141.44
Total Income84.38286.97224.16251.78223.13
Profit After Tax15.3238.2132.4336.5025.02
NET Worth155.19139.76127.10119.57105.72
Reserves and Surplus0.000.000.000.000.00
Total Borrowing25.5426.7511.0521.1317.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.3766.39
Promoter Shareholding (Post-Issue)49.9153.21
P/E Ratio35.9217.34
Market Cap₹6133.02 Cr.₹1062.41 Cr.
ROE27.34
ROCE33.07
Debt/Equity0.21
EPS₹9.44₹3.77
RoNW29.9927.34

Shares Offered

In the KFin Technologies IPO Retail Individual Investors (RII) are offered 40,98,360 shares while in Radiant Cash Management IPO retail investors are offered 40,98,360 shares. Qualified Institutional Buyers (QIB) are offered 1,22,95,083 shares in KFin Technologies IPO and 15,82,807 shares in Radiant Cash Management IPO.

 KFin Technologies IPORadiant Cash Management IPO
Anchor Investor Reservation1,84,42,623 shares1,17,55,681 shares
Market Maker Reservation
QIB1,22,95,083 shares15,82,807 shares
NII61,47,540 shares40,01,547 shares
RII40,98,360 shares93,36,942 shares
Employee
Others
Total4,09,83,606 shares2,66,76,977 shares

Bids Received (Subscription)

KFin Technologies IPO subscribed 2.59x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

 KFin Technologies IPORadiant Cash Management IPO
QIB (times)4.17x1.01x
NII (times)0.23x0.66x
Big NII (times)0.25x0.94x
Small NII (times)0.20x0.09x
RII (times)1.36x0.21x
Employee (times)
Other (times)
Total (times)2.59x0.53x

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KFin Technologies IPORadiant Cash Management IPO
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Compare:

KFin Technologies IPO Vs Radiant Cash Management IPO