KFin Technologies IPO: Apply or Avoid 22?
KFin Technologies IPO Raise To 1500 cr. KFin IPO Start Bidding Start 19 Dec 2022 And Last Day To Bidding 21 Dec 2022. IPO Pre-Apply Start Today. The price Range Is IPO 347-366.
About Company Business
KFintech serves the mission-critical needs of asset managers with clients spanning mutual funds, AIFs (alternative investments), pension, wealth managers and corporates in India and abroad. The company provides SaaS-based end-to-end transaction management, channel management, compliance solutions, data analytics and various other digital services to asset managers across segments, as well as outsourcing services for global players. KFin is a one of its kind digital platform excelling in hyper-scale transaction management, big data solutions, transformative platforming, and pureplay financial and technical services built on proven tech expertise in the asset management industry.has proven tech expertise in the wealth management space and renders platform build, revenue assurance and operations support for several private wealth managers.
Financials
201920202021Revenue165455486Profit9565Total Assets1022868923 - Company Profit 2020 Only 5 Crore And in 2021 100 times boost - Company Assets 2019 To 2020 Down - Revenue Is 2019 to 2020 Boost But 2020 to 2021 Not Consistency Revenue
KFin IPO Strengths
- The Company enjoys market leadership positions across a number of different parameters in its business. - Services to 25 out of 42 AMCs In India as on Jan 31 2022 representing 60% of the market share based on the number of AMC clients. - Around 43% market share is based on the market capitalization of NSE 500 Companies in India issuer solutions space - Within domestic mutual fund solutions. the total assets under management of mutual funds clients serviced by the company witnessed a CAGR of 22% between march 2019 and December 2021
KFin IPO Risks
- Dependence on a limited number of customers for a significant portion of revenue. - The Company offers a range of solutions and services in several jurisdictions outside India exposing it to the potential risks of operating in multiple countries. - The Company plans to expand its platform and services which may divert the management dilution to its shareholders.
KFin Technologies IPO Details
IPO DateDec 19, 2022, to Dec 21, 2022Listing DateFace Value₹10 per sharePrice₹347 to ₹366 per shareLot Size40 SharesIssue Size40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr)Offer for Sale40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr)Issue TypeBook Built Issue IPOListing AtBSE, NSEMarket Cap (₹ Cr.)6133.02QIB Shares OfferedNot less than 75% of the OfferNII (HNI) Shares OfferedNot more than 15% of the OfferRetail Shares OfferedNot more than 10% of the OfferCompany PromotersGeneral Atlantic Singapore Fund Pte. Ltd. is the company promoter. IPO Landmark Cars Limited IPO - Apply or avoid 22? (stockkafunda.com)
KFin IPO Anchor Investors
The KFin Technologies IPO Anchor Investor bid was closed on December 21, 2022. Investors in Anchor are being offered a total of 40,983,607 shares. The anchor Investor Lock-in Period for KFin Technologies IPO is May 1, 2023, for the remaining equity shares and December 16, 2022, for the remaining 50% of equity shares. - Anchor Investor Bid Date: Dec 16, 2022 - Anchor Portion Size: Rs.1,500.00 crore (Shares offered * Upper Price) - Anchor lock-in period end date (50% Shares): Around Feb 6, 2023 (30 Days) - Anchor lock-in period end date (remaining shares): Around May 1, 2023 (90 Days) NSE IPO Subscription status, IPO allotment status - Stock Ka Funda
KFin Technologies IPO Timetable
EventTentative DateOpening DateDec 19, 2022Closing DateDec 21, 2022Basis of AllotmentDec 26, 2022Initiation of RefundsDec 27, 2022The credit of Shares to DematDec 28, 2022Listing DateDec 29, 2022 All Data Help To Google
FAQs
When will KFin Technologies IPO open for subscription?KFin Technologies' IPO will open for subscription on Monday, December 19.When will the IPO of KFin Technologies close for a subscription?The three-day bidding process for KFin Technologies' IPO will end on Wednesday, December 21.What is the price band for KFin Technologies IPO?The price band for KFin Technologies IPO has been fixed at Rs 347-366 per share.What is the issue size of KFin Technologies IPO?The company is looking to raise Rs 1,500 crore via its initial stake sale, which is entirely an offer for the sale of up to 4,09,83,607 equity shares.Who are the shareholders participating in the OFS of KFin Technologies' IPO?Promoter General Atlantic Singapore Fund Pte is the sole participant in the offer for sale.What will the company do with the net proceeds from the issue?The company will not get any proceeds from the issue as it is entirely an offer for sale and total proceeds will go to the selling shareholders, that is, the promoter in this caseWhat is the lot size for KFin Technologies IPO?Investors can subscribe to KFin Technologies IPO by betting on a lot of 40 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,640. A retail investor can bid for 13 lots or 520 shares at maximum.What do KFin Technologies do?KFin Technologies is a leading technology-driven financial services platform. It is India's largest investor solutions provider to Indian mutual funds, based on several AMC clients. Incorporated in 2017, Kevin Technologies provides services and solutions to asset managers and corporate issuers across asset classes in India and several investor solutions.What is the business profile of KFin Technologies?KFin Technologies 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 asset management companies (AMCs) in India, representing 60% of the market share based on the number of AMC clients.How did KFin Technologies perform in the last year?KFin Technologies reported a profit after tax (PAT) at Rs 148.55 crore with total revenue of Rs 645.56 crore for the year ended on March 31, 2022. It reported a PAT of Rs 67.8 crore with total revenue of Rs 293.43 crore a year ago. For the period ended on September 30, 2022, the company reported a net profit of Rs 85.34 crore with a revenue of Rs 353.76 crore. Read the full article