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KFin Technologies IPO is a book build issue of ₹1,500.00 crores. The issue is entirely an offer for sale of 4.10 crore shares of ₹1,500.00 crore.
KFin Technologies IPO bidding started from Dec 19, 2022 and ended on Dec 21, 2022. The allotment for KFin Technologies IPO was finalized on Dec 26, 2022. The shares got listed on BSE, NSE on Dec 29, 2022.
KFin Technologies IPO price band is set at ₹366.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹13,880 (40 shares). The lot size investment for sNII is 14 lots (560 shares), amounting to ₹2,04,960, and for bNII, it is 69 lots (2,760 shares), amounting to ₹10,10,160.
ICICI Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to KFin Technologies IPO RHP for detailed Information.
| IPO Date | December 19, 2022 to December 21, 2022 |
| Listing Date | December 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹347 to ₹366 per share |
| Issue Price Final | ₹366 per share |
| Lot Size | 40 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 4,09,83,606 shares (aggregating up to ₹1,500.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 16,75,68,883 shares |
| Share Holding Post Issue | 16,75,68,883 shares |
KFin Technologies IPO offers total 4,09,83,606 shares. Out of which 3,07,37,706 (75.00%) allocated to QIB, 1,22,95,083 (30.00%) allocated to QIB, 61,47,540 (15.00%) allocated to NII, 40,98,360 (10.00%) allocated to RII and 1,84,42,623 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,07,37,706 (75.00%) | NA |
| − Anchor Investor Shares Offered | 1,84,42,623 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,22,95,083 (30.00%) | NA |
| NII (HNI) Shares Offered | 61,47,540 (15.00%) | NA |
| − bNII > ₹10L | 40,98,360 (10.00%) | 7,318 |
| − sNII < ₹10L | 20,49,180 (5.00%) | 3,659 |
| Retail Shares Offered | 40,98,360 (10.00%) | 1,02,459 |
| Total Shares Offered | 4,09,83,606 (100.00%) |
KFin Technologies IPO raises ₹675.00 crore from anchor investors. KFin Technologies IPO Anchor bid date is December 16, 2022. KFin Technologies IPO Anchor Investors list
| Bid Date | December 16, 2022 |
| Shares Offered | 1,84,42,623 |
| Anchor Portion Size (In Cr.) | 675.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 26, 2023 |
KFin Technologies IPO opens on December 19, 2022, and closes on December 21, 2022.
| IPO Open Date | Mon, Dec 19, 2022 |
| IPO Close Date | Wed, Dec 21, 2022 |
| Tentative Allotment | Mon, Dec 26, 2022 |
| Initiation of Refunds | Tue, Dec 27, 2022 |
| Credit of Shares to Demat | Wed, Dec 28, 2022 |
| Tentative Listing Date | Thu, Dec 29, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 21, 2022 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,640 |
| Retail (Max) | 13 | 520 | ₹1,90,320 |
| S-HNI (Min) | 14 | 560 | ₹2,04,960 |
| S-HNI (Max) | 68 | 2,720 | ₹9,95,520 |
| B-HNI (Min) | 69 | 2,760 | ₹10,10,160 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.
As on September 30, 2022, the company is India's largest investor solutions provider to Indian mutual funds, based on several AMC clients serviced. The company is also servicing 301 funds of 192 asset managers in India as on September 30, 2022.
As on September 30, 2022, 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.
KFin Technologies Limited is one of the two operating central record-keeping agencies ("CRAs") for the National Pension System (" NPS") in India as on September 30, 2022.
KFin Technologies Limited is India's largest issuer solutions provider based on several clients serviced, as of September 30, 2022.
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).
The company's revenue from operations for Fiscal 2022 and the six months ended September 30, 2022, was Rs 6,395.07 million and Rs 3,487.68 million, respectively.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1021.78 | 164.76 | 8.96 | 519.28 | 406.01 |
| 31-Mar-20 | 868.38 | 455.26 | 4.52 | 409.58 | 375.44 |
| 31-Mar-21 | 922.61 | 486.2 | -64.51 | 346.4 | 346.13 |
| 30-Sep-21 | 973.26 | 293.43 | 67.8 | 269.95 | 321.44 |
| 31-Mar-22 | 1026.41 | 645.56 | 148.55 | 644.34 | 122.51 |
| 30-Sep-22 | 1114.81 | 353.76 | 85.34 | 736.72 | 126.24 |
| Amount in ₹ Crore | |||||
The market capitalization of KFin Technologies IPO is ₹6133.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 35.92 |
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
[Dilip Davda] KTL is one of the leading financial services technology solution providers. It suffered a setback in FY21 but now is on track. Based on its financial performance so far, the issue appears fully priced discounting all near-term positives. Cash surplus investors may consider an investment with a long-term perspective. Read detail review...
| Listing Date | December 29, 2022 |
| BSE Script Code | 543720 |
| NSE Symbol | KFINTECH |
| ISIN | INE138Y01010 |
| Final Issue Price | ₹366 per share |
| BSE Listing Group | B |
KFin Technologies Ltd.
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi,
Hyderabad, Telangana, 500032
Phone: +91 40 7961 5565
Email: compliance.corp@kfintech.com
Website: http://www.kfintech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: kfintechipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
KFin Technologies IPO is a main-board IPO of 4,09,83,606 equity shares of the face value of ₹10 aggregating up to ₹1,500.00 Crores. The issue is priced at ₹366 per share. The minimum order quantity is 40.
The IPO opens on December 19, 2022, and closes on December 21, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in KFin Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in KFin Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KFin Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KFin Technologies IPO opens on December 19, 2022 and closes on December 21, 2022.
KFin Technologies IPO lot size is 40, and the minimum amount required for application is ₹14,640.
You can apply in KFin Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KFin Technologies IPO will be done on Monday, December 26, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 28, 2022. Check the KFin Technologies IPO allotment status.
The KFin Technologies IPO listing date is on Thursday, December 29, 2022.
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