Bookbuilding IPO | ₹1,500 Cr | Listed at BSE, NSE | Mon, Dec 19, 2022 - Wed, Dec 21, 2022
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹14,640 (40 shares) (based on upper price). 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 Open
Mon, Dec 19, 2022
IPO Close
Wed, Dec 21, 2022
Issue Price
₹366 per share
Market Cap (Pre-IPO)
₹6,133.02 Cr
| IPO Date | 19 to 21 Dec, 2022 |
| Listed on | Thu, Dec 29, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹347 to ₹366 |
| Issue Price | ₹366 per share |
| Lot Size | 40 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,09,83,606 shares (agg. up to ₹1,500 Cr) |
| Offer for Sale | 4,09,83,606 shares of ₹10 (agg. up to ₹1,500 Cr) |
| Share Holding Pre Issue | 16,75,68,883 shares |
| Share Holding Post Issue | 16,75,68,883 shares |
| BSE Script Code / NSE Symbol | 543720 / KFINTECH |
| ISIN | INE138Y01010 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
KFin Technologies IPO raises ₹675.00 crore from anchor investors. KFin Technologies IPO Anchor bid date is December 16, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 16, 2022 |
| Shares Offered | 1,84,42,623 |
| Anchor Portion (₹ Cr.) | 675.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 26, 2023 |
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 | 30 Sep 2022 | 31 Mar 2022 | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|---|---|
| Assets | 1,114.81 | 1,026.41 | 973.26 | 922.61 | 868.38 | 1,021.78 |
| Total Income | 353.76 | 645.56 | 293.43 | 486.20 | 455.27 | 164.76 |
| Profit After Tax | 85.35 | 148.55 | 67.80 | -64.51 | 4.52 | 8.96 |
| NET Worth | 736.72 | 644.34 | 269.95 | 346.40 | 409.58 | 519.28 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 126.24 | 122.51 | 321.44 | 346.13 | 375.44 | 406.01 |
| Amount in ₹ Crore | ||||||
| KPI | |
|---|---|
| RoNW | 29.99 |
| PAT Margin | 23.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.44 | |
| P/E (x) | 35.92 | |
| Promoter Holding | 74.37% | 49.91% |
| Market Cap | ₹6,133.02 Cr. |
The KFin Technologies IPO is subscribed 2.59 times on December 21, 2022 7:00:00 PM (Day 3). The public issue subscribed 1.36 times in the retail category, 4.17 times in the QIB category, and 0.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.17 | 1,29,68,300 | 5,40,46,680 |
| NII | 0.23 | 64,84,149 | 15,21,400 |
| bNII (bids above ₹10L) | 0.25 | 43,22,766 | 10,90,480 |
| sNII (bids below ₹10L) | 0.2 | 21,61,383 | 4,30,920 |
| Retail | 1.36 | 43,22,766 | 58,99,600 |
| Total | 2.59 | 2,37,75,215 | 6,14,67,680 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 38.36 |
| 2 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by UPI Bidders using UPI(2)(3) | 1.75 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(3) | |
| 4 | Fees payable to the Registrar to the Offer | 0.18 |
| 5 | Fees payable to the other advisors to the Offer | |
| 6 | (1) Fee payable to Independent Chartered Accountant, M H A & Associates, LLP, to verify the details and provide certifications with respect to the information included the DRHP, RHP and Prospectus | 0.17 |
| 7 | (2) Fee payable to the Statutory Auditors of the Company, B S R & Associates, LLP | 4.38 |
| 8 | Others | |
| 9 | Listing fees, SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses | 4.49 |
| 10 | Printing and stationery | 3.00 |
| 11 | Advertising and marketing expenses | 3.11 |
| 12 | Fee payable to legal counsels | 14.94 |
| 13 | Miscellaneous | 6.64 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹366.00 | ₹366.00 |
| Open | ₹369.00 | ₹367.00 |
| Low | ₹351.10 | ₹351.00 |
| High | ₹372.40 | ₹373.00 |
| Last Trade | ₹364.00 | ₹363.85 |
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 Crores. The issue is priced at ₹366 per share. The minimum order quantity is 40.
The IPO opens on Mon, Dec 19, 2022, and closes on Wed, Dec 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 Mon, Dec 19, 2022 and closes on Wed, Dec 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 Wed, Dec 28, 2022. Check the KFin Technologies IPO allotment status.
The KFin Technologies IPO listing date is on Thu, Dec 29, 2022.
