Kfin Technologies limited is a major technology-driven financial services platform that offers the capital markets ecosystem a wide range of services and solutions. Kfin Technologies IPO will hit the stock market in 19 December 2022.
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About Kfin Technologies
In India, their ecosystem includes asset managers & corporate issuers across asset classes, and they provide many investor products in Malaysia, the Philippines, & Hong Kong, comprising transaction origination & processing for mutual funds and private retirement plans.
Determined by the number of AMC clients served, they are India’s biggest investor services company to Indian mutual funds.
They provide services to 25 of India’s 42 AMCs, accounting for 60% of the market share determined by the number of AMC clients.
In addition, as of January 31, 2022, they had signed on two new AMCs that had yet to begin operations. They also service six AMCs in India on fund accounting, three of which are their existing AMC clients in India for investor solutions.
Operations
They are the only investor and issuer options firm in India as of January 31, 2022, offering services to asset managers including mutual funds, alternative investment funds, wealth managers, and pension funds, and also corporate issuers in India, along with servicing international clients in Southeast Asia & Hong Kong.
As of January 31, 2022, they were servicing 270 funds from 157 asset managers in India, accounting for 32 percent of the market by number of AIFs serviced. (According to the CRISIL report)
As of January 31, 2022, they are one of India’s two operational central record-keeping organisations for the National Pension System. (According to the CRISIL report) The Indian capital markets ecosystem relies on us for a number of vital services.
Growth
They are servicing 16 AMC customers in Malaysia, as well as three clients in the Philippines & Hong Kong, as of January 31, 2022, out of the 60 AMCs in Malaysia throughout wholesale funds, unit trust funds, and private retirement schemes as indicated in the CRISIL Report.
They have also inked on two new AMCs in Malaysia and one AMC in Singapore, both of which have yet to begin operations. Determined by the number of clients served, they are India’s biggest issuer solutions supplier.
They are one of only two large competitors in the Indian issuer solutions market, with a 43% market share based on NSE 500 company market capitalization & a 34% market share based on the number of clients served.
Kfin Technologies IPO
Kfin Technologies Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 2,400 Crore on 28 March 2022.
The offer doesn’t includes any fresh issue and there is offer for sale (OFS) of 2,400 Crore by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 954.18 | 922.61 | 868.38 | 1,021.78 | |
| Total Revenue | 463.52 | 486.20 | 455.27 | 164.76 | |
| Profit After Tax | 97.69 |
(64.51) | 4.52 | 8.96 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | (4.28) | (4.28) | 3 |
| Financial Year 2020 | 0.28 | 0.28 | 2 |
| Financial Year 2019 | 1.46 | 1.46 | 1 |
| Weighted Average | (1.80) | (1.80) | |
| 31 Dec. 2021 | 6.34 | 6.34 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Their comprehensive multi-asset class platform is well positioned to profit from robust development across big markets in India & Southeast Asia, and they have a great track record of growth and market leadership.
- Unique “platform-as-a-service” business model that offers comprehensive end-to end solutions powered by proprietary technologies.
- Client relationships that are deeply entrenched & long-standing, with a diverse and growing client base.
- Asset-light business model with recurring revenue, strong operating leverage, profitability, & cash flow.
- Experienced management team with a robust board of directors and prominent shareholders, as well as a solid compliance culture.
Kfin Technologies Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Computer Age Management Services Limited | 55.15 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on March 29, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Kfin Technologies IPO Details
| IPO Opening Date | 19 December 2022 |
| IPO Closing Date | 21 December 2022 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 347 to 366 per equity share |
| Market Lot | 40 |
| Min Amount | 14,640 |
| Listing At | BSE, NSE |
| Issue Size | 1,500.00 Crore |
| Fresh Issue | 0 |
| Offer for Sale | 1,500 Crore |
Kfin Technologies IPO Date
Kfin Technologies Limited IPO opening date is 19 December 2022, and the closing date is 21 December 2022. The Kfin Technologies issue may list in 29 December 2022.
| IPO Opening Date | 19 December 2022 |
| IPO Closing Date | 21 December 2022 |
| Basis of Allotment Date | 26 December 2022 |
| Initiation of Refunds | 27 December 2022 |
| Credit of Shares to Demat Account | 28 December 2022 |
| IPO Listing Date | 29 December 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Kfin Technologies Limited IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Kfin Technologies IPO.
Kfin Technologies IPO GMP
Kfin Technologies Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
Kfin Technologies Limited IPO Review
Kfin Technologies Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Kfin Technologies IPO is good or bad.
Kfin Technologies Limited IPO Risk
- Significant outages in corporate information technology systems or data security breaches could have a negative impact on their business and reputation.
- The continuing new coronavirus (“COVID-19”) pandemic and actions to contain it have had, and may continue to have, a major negative impact on their business and financial results.
- Their future revenue and profit are highly reliant on the development, value, and composition of AAUM handled by their customers, which may deteriorate.
- They rely on a small number of customers for a large amount of their revenue, and the loss of one or more of these clients could have a negative impact on their business and prospects.
- Their contractual agreements with their clients, they may be susceptible to various obligations.
Other Threats
- Their business may suffer if their investor solutions, issuer solutions, and worldwide business services fail to work as expected due to undetected mistakes or other issues.
- They rely on their Key Managerial Personnel, as well as their experienced staff, and any failure to attract, inspire, and retain these individuals could have a negative impact on their organisation.
- Any failure to comply with the instructions of the Enforcement Directorate of the Ministry of Finance, Government of India, could have a significant negative impact on their financial situation.
- SEBI and PFRDA inspect us on a regular basis as part of our registration as an RTA and CRA, respectively. Noncompliance with the SEBI & PFRDA’s observations during these inspections could result in penalties & restrictions.
Kfin Technologies Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Kfin Technologies IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Kfin Technologies Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| December 2022 | 1 | |||||
| December 2022 | 2 | |||||
| December 2022 | 3 |
Kfin Technologies Management
Their management team has proven its ability to establish and implement a focused strategy to grow their business and reduce expenses through technology initiatives, allowing us to enhance their market position and achieve consistent financial results.
Their CEO has been instrumental in driving business growth through new client wins, particularly in alternative and wealth management, as well as new clients in Malaysia, the Philippines, and Hong Kong, attracting talent at senior leadership positions, and driving technology evolution for a product platform-based go-to-market strategy.
In the Financial Technology Report, 2020, its CEO was selected one of Asia’s top 25 CEOs. They believe that their senior leadership team’s sector knowledge & leadership, as well as their significant experience, give them a competitive edge.
Kfin Technologies Promoters
- General Atlantic Singapore Fund Pte. Ltd is the main and only promoter of the Kfin technology limited.
Promoter’s Holding
| Pre Issue Share Holding | 74.94% |
| Post Issue Share Holding |
Kfin Technologies Limited Prospectus
Contact Details
Kfin Technologies Limited
Selenium, Tower B,Plot No- 31 & 32,
Financial District,Nanakramguda,
Serilingampally, Hyderabad,
Rangareddi – 500032, Telangana, India
Tel: +91 22 6140 7600
E-mail: [email protected]
Website: www.kfintech.com
Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Telephone no.: +91 022 62638200
E-mail: [email protected]
Website: www.bigshareonline.com
Lead Manager(s)
- ICICI Securities Limited
- Kotak Mahindra Capital Company
- J.P. Morgan India Private Limited
- IIFL Securities Limited
- Jefferies India Private Limited
We hope we are able to answer all your questions about Kfin Technologies IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Kfin Technologies Limited IPO Opening Date?
Kfin Technologies Limited IPO will open is 19 December 2022.
Kfin Technologies Limited IPO Listing Date?
Kfin Technologies Limited IPO will list is 29 December 2022.
Kfin Technologies Limited IPO GMP Today?
Kfin Technologies IPO Grey Market Premium is INR 0 .
Kfin Technologies Limited IPO Allotment Date?
Kfin Technologies Limited IPO basis of allotment will be is 26 December 2022.
Lot size for Kfin Technologies Limited IPO?
Lot size for Kfin Technologies Limited IPO is 40.
