KFin Technologies IPO date: KFin Technologies IPO to open on Dec 19; price band fixed at Rs 347-366
KFin Technologies is a leading technology-driven financial services platform. It is India’s largest investor solutions provider to mutual funds, based on several AMC clients.
The issue is entirely an offer-for-sale (OFS) of equity shares with a face value of Rs 10 each, aggregating to Rs 1,500 crore by its promoter General Atlantic Singapore Fund. The company will not receive any proceeds from the issue.
The issue will remain open for subscription till Wednesday, December 21. Investors can make a bid for minimum of 40 equity shares and in multiple thereof. The anchor book will open on Friday, December 16.
Incorporated in 2017, KFin Technologies provides services and solutions to asset managers and corporate issuers across asset classes in India along with several investor solutions.
It also provides transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.
As on December 31, 2021, the company provided services to 25 out of 42 operational AMCs in India, representing 60% of the market share based on the number of clients.
For the period ended December 31, 2021, the company reported a net profit of Rs 97.69 crore with total revenue of Rs 463.52 crore.
The company has reserved 75% of shares for qualified institutional buyers (QIBs), whereas 15% of shares will be allocated to non-institutional investors (NIIs). The retail bidders will get the remaining 10% of the shares.
, Capital Company, JP Morgan India, and Jefferies India are the book-running lead managers of the issue, whereas Bigshare Services has been appointed as the registrar to the issue.
