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IPO Guidelines, Target Price, Date, and Allotment for KFin Technologies

• An explanation of what KFin Technologies is and how it works may be found in their IPO prospectus.
• Mutual funds, AIFs, wealth managers, pension fund managers, and corporate concerns are just some of the capital market participants who benefit from the company’s comprehensive services and solutions.
• KFin Tech offers a variety of services for investors, including transaction initiation and processing for pension and stock plans.
• In India, KFin Tech is among the top two investor solution suppliers. Out of the 42 AMCs in India, it serves 25 of them. As of the end of January 2022, it had integrated 15 of the most recent 20 mutual funds to be introduced in India.
• The company’s market share increased to 42.92 percent in December 2021 from 39.01 percent in March 2021 thanks to the inflow of INR48.51 crores via SIP (Systematic Investment Plan).

• When it comes to providing a technologically advanced financial services platform, KFin Tech stands apart. The company’s clientele spans not only India but also South East Asia, including Hong Kong, Malaysia, and the Philippines.
• With 60 AMCs throughout the country, 18 of them are KFin customers. As of 31 January 2022, there are also three clients in the Philippines and Hong Kong, and two clients in Singapore.
• According to the number of clients served as of September 30, 2022, KFin Technologies Limited is the leading issuer solutions supplier in India.

As of September 30, 2022, KFin Technologies Limited is India’s largest issuer solutions provider based on the number of clients it serves.

The company has put its products and services into these groups:

1. Investor solutions (Account Setup, Transaction Origination, Redemption, Brokerage Calculations, and Compliance/Regulatory Reporting Recordkeeping).
2. Domestic mutual funds, international funds, pension services, alternatives, and wealth management.
3. Issuer solutions (Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc., Corporate Action Processing, Compliance/Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, and e-Vault).
4. International business and domestic services (Mortgage Services Legal Services Transfer Agency Finance and Accounting).
5. The company made Rs 6,395.07 million from its operations in Fiscal 2022 and Rs 3,487.68 million in the six months ending September 30, 2022.

The following categories describe the company’s offerings:

1. Solutions for investors, including account creation, transaction initiation, redemption, commission calculations, and regulatory reporting and compliance documentation.Wealth management, pension services, alternatives, and mutual funds both domestic and international.
2. Issuer solutions (e.g., e-Vault, Virtual Voting e-AGM, e-AGM, Compliance / Regulatory Reporting Recordkeeping MIS, Processing of IPO, FPO, etc. Transactions, Recordkeeping of Corporate Actions, etc.
3. International Cooperative Activities in the Home (Mortgage Services Legal Services Transfer Agency Finance and Accounting).
4. Operating income for the year ending March 31, 2022, was Rs 6,395.07 million, and for the six months ending September 30, 2022, it was Rs 3,487.68 million.

Company Financials

KFin Technologies IPO Details

KFin Technologies IPO Dates	19 – 21 December 2022
KFin Technologies IPO Price	INR 347 – 366 per share
Fresh issue	Nil
Offer For Sale	INR 1,500 crore
Total IPO size	INR 1,500 crore
Minimum bid (lot size)	40 shares (INR 14,640)
Face Value	INR 10 per share
Retail Allocation	10%
Listing On	NSE, BSE

KFin Technologies’ Financial Performance

	FY 2019	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	162.4	449.9	481.1	639.5	348.8
Expenses	150.9	436.8	418.7	441.6	243.1
Net income	9.2	3.8	(64.4)	148.0	86.2
Margin (%)	5.7	0.8	(13.4)	23.1	24.7

 

IPO tentative timetable for KFin Technologies

The IPO for KFin Technologies starts on December 19, 2022, and ends on December 21, 2022. The bid date for the KFin Technologies IPO is from December 19, 2022, at 10 a.m. to December 21, 2022, at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.

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 Factors to Consider

• Having a strong presence in all of the Indian states that border the Bay of Bengal, including Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka.
• KFin provides support to 27 of India’s 46 asset management companies (AMCs) that manage mutual funds.
  We are India’s leading corporate registrar, maintaining records for over 3,000 unlisted businesses and over 600 publicly traded ones.
• Established itself as the go-to transaction processing platform for 23 mutual fund and pension manager clients in Malaysia and the rest of South East Asia.
• KFin is one of two companies that offer central recordkeeping services for the National Pension System in India.
• AUM of Rs. 13,000,000,000,000 and transaction volume of above 10,000 transactions per day.
  Supporting more than 300 active investment fund (AIF) schemes.

Anchor Investors Join IPO for KFin Technologies

Anchor investor bids for the Fin Technologies IPO ended on December 21, 2022. Anchor investors are given the chance to buy a total of 40,983,607. The Anchor Investor Lock-in Period for KFin Technologies IPO is December 16, 2022, for 50% of equity shares and May 1, 2023, for the rest.

• Anchor Investor Bid-Date of the Anchor Investor Bid: December 16, 2022
• Anchor portion-The size of the anchor portion is Rs.1,500,000,000 (shares sold times the highest price).
• Anchor lock-in period end date: Around Feb. 6, 2023, for 50% of the shares (30 Days)
• Anchor lock-in period end date (for the remaining shares): Around May 1, 2023 (90 Days)

KFin Technologies Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Phone: +91 022 62638200
Email: kfintechipo@bigshareonline.com
Website: www.bigshareonline.com

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KFin Technologies Contact Details

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: www.kfintech.com

KFin Technologies IPO FAQs

What is it that KFin Technologies does?

The company offers outsourcing services for global players and SaaS-based end-to-end transaction management, channel management, compliance solutions, data analytics, and other digital services to asset managers in all market segments.

How many shares of the KFin Technologies IPO are set aside for high-net-worth investors and ordinary investors?

For QIB, the investors’ share was 75%, for NII it was 15%, and for Retail, it was 10%.

How to apply for KFin Technologies Public Offer?

Internet banking ASBA is the best way to apply for KFin Technologies’ public offer (know all about ASBA here). You can also use UPI and your stock broker to apply online. If you’d rather fill out applications on paper, you can fill out an offline IPO form and give it to your broker.

What is IPO GMP for KFin Technologies today?

Today, the IPO GMP for KFin Technologies is INR NA per share.

What is the kostak rate for KFin Technologies today?

The kostak rate for KFin Technologies today is NA per application.

What is the current rate for KFin Technologies Subject to Sauda?

The Sauda rate for KFin Technologies today is NA per application.