KFin technologies Limited is a leading technology driven financial services platform. It is very well known across retail investors as a registrar for various IPOs. However the company also provides services to asset managers and corporate issuers with various asset classes in India. It also provides services to manage the transactions origination and processing for mutual funds, retirement funds etc. in Hong Kong, Malaysia and Philippines.
It is the largest financial services provider in India based on the AMC clients figures. KFin technologies Limited serves more than 300 funds and 192 asset managers. It is the only service provider to offer its services to AIF, Mutual Funds, Pension and corporate issuers, Wealth management etc. It is among the only two operating NPS and CRA in India.
IPO DETAILS
KFin Technologies Limited IPO is set to launch on 19 Dec., 2022. The subscription timeline extends till 21 Dec., 2022. The size for the IPO is 1500 Crore Rs.. Shares issued through Offer For Sale are worth 1500 Crore Rs. No shares are issued through Fresh Issue mode. The lot size is 40 shares and the price range is 347 Rs. – 366 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Bigshare Services Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 19 Dec., 2022 |
| CLOSING DATE FOR IPO | 21 Dec., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 347 Rs. – 366 Rs. |
| LOT SIZE | 40 shares |
| MINIMUM ORDER QUANTITY | 40 shares |
| ISSUE SIZE | 1500 Crore Rs. |
| OFFER FOR SALE | 1500 Crore Rs. |
| FRESH ISSUE | No shares Issued |
| LISTING AT | NSE, BSE |
| LISTING DATE | 29 Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 19 Dec., 2022 |
| CLOSING DATE FOR IPO | 21 Dec., 2022 |
| IPO ALLOTMENT DATE | 26 Dec., 2022 |
| REFUNDS | 27 Dec., 2022 |
| DEMAT A/C CREDITED ON | 28 Dec., 2022 |
| IPO LISTING DATE | 29 Dec., 2022 |
KFin Technologies Limited IPO begins for subscription from 19 Dec., 2022. The IPO subscription would continue till 21 Dec, 2022. The allotment status for the shareholders who applied would come on 26 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 27 Dec., 2022. The DEMAT accounts of shareholders would be credited on 28 Dec., 2022. The listing of the company would be accompanied on 29 Dec., 2022.
Lead Managers
The lead managers are :
- ICICI Securities Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- Jefferies India Private Limited
- IIFL Securities Limited
The minimum lot size for the company is decided at 40 shares. This holding accounts to 14640 Rs.. The maximum lot size is decided at 520 shares. This amounts to 190320 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 40 shares | 14640 Rs. |
| Maximum | 520 shares | 190320 Rs. |
OBJECTIVES FOR THE IPO
- No money will be taken by the company. All the proceeds will go to the shareholders who are selling their stake in the company.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2021-20 | 2019-20 |
| ASSETS | 1026 | 922 | 868 |
| Revenue | 646 | 486 | 455 |
| PAT | 149 | (- 64.5) | 4.5 |
KFin Technologies Limited has an asset base of 868 Crore Rs in 2020 which increased to 922 Core Rs in 2021 and 1026 Crore Rs in 2022. The revenue however increased from 455 Crore Rs in 2020 which increased to 486 Crore Rs in 2021 and 646 Crore Rs in 2022. However the profit was 4.5 Crore Rs in 2020 but the company suffered a loss in 2021 at 64.5 Crore Rs. But it showed a stellar recovery in profits in 20222 with a profit of 149 Crore Rs.
PROS
- KFin Technologies Limited is the largest financial services provider in India based on the AMC clients figures.
- It is the only service provider to offer its services to AIF, Mutual Funds, Pension and corporate issuers, Wealth management etc.
- KFin Technologies Limited is among the only two operating NPS and CRA in India.
CONS
- The company works in a competitive segment.
KFin Technologies Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the KFin Technologies Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
