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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1021.78 | 164.76 | 8.96 | 519.28 | 406.01 |
| 31-Mar-20 | 868.38 | 455.26 | 4.52 | 409.58 | 375.44 |
| 31-Mar-21 | 922.61 | 486.2 | -64.51 | 346.4 | 346.13 |
| 30-Sep-21 | 973.26 | 293.43 | 67.8 | 269.95 | 321.44 |
| 31-Mar-22 | 1026.41 | 645.56 | 148.55 | 644.34 | 122.51 |
| 30-Sep-22 | 1114.81 | 353.76 | 85.34 | 736.72 | 126.24 |
| Amount in ₹ Crore |
Objects of the Issue
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
KFin Technologies IPO Details
| IPO Date | Dec 19, 2022 to Dec 21, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹347 to ₹366 per share |
| Lot Size | 40 Shares |
| Issue Size | 40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr) |
| Offer for Sale | 40,983,607 shares of ₹10 (aggregating up to ₹1,500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | General Atlantic Singapore Fund Pte. Ltd. is the company promoter. |
KFin Technologies IPO Tentative Timetable
KFin Technologies IPO opens on Dec 19, 2022, and closes on Dec 21, 2022. The KFin Technologies IPO bid date is from Dec 19, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 19, 2022 |
| Closing Date | Dec 21, 2022 |
| Basis of Allotment | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat | Dec 28, 2022 |
| Listing Date | Dec 29, 2022 |
KFin Technologies IPO Lot Size
The KFin Technologies IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹190,320).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,640 |
| Retail (Max) | 13 | 520 | ₹190,320 |
| S-HNI (Min) | 14 | 560 | ₹204,960 |
| B-HNI (Min) | 69 | 2,760 | ₹1,010,160 |
KFin Technologies IPO Promoter Holding
| Pre Issue Share Holding | 74.37% |
| Post Issue Share Holding | 71.74% |
KFin Technologies IPO Review
KTL is one of the leading financial services technology solution providers. It suffered a setback in FY21 but now is on track. Based on its financial performance so far, the issue appears fully priced discounting all near-term positives. Cash surplus investors may consider an investment with a long-term perspective. Read detail review…
KFin Technologies IPO Anchor Investors
KFin Technologies IPO Anchor investor bid ended on Dec 21, 2022. A total of 40,983,607 shares are offered to Anchor investors.KFin Technologies IPO Anchor Investor Lock-in Period is Dec 16, 2022 for 50% of equity shares and May 1, 2023 for the remaining portion.
- 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)
KFin Technologies IPO Prospectus
Company Contact Information
KFin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi – 500032, Telangana
Phone: +91 40 7961 5565
Email: compliance.corp@kfintech.com
Website: http://www.kfintech.com/
KFin Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: kfintechipo@bigshareonline.com
Website: http://www.bigshareonline.com