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KFin Technologies Limited IPO
Issue Size (Net)
up to Rs.1,500.00 Cr
Price
Rs.347 to Rs.366
Issue Opens
19-Dec-22
Issue Closes
21-Dec-22

Company Highlights

1.Company Information

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).

2. Objective of the Issue
The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.
3. Company Strengths:

(1)   Scaled platform with strong track record of growth and market leadership
(2)   Diverse multi-asset servicing platform is well-positioned to benefit from strong growth across large markets in India
(3)   Unique “platform-as-a-service” business model providing comprehensive end-to-end solutions enabled by technology solutions developed in-house
(4)   Deeply entrenched, long-standing client relationships with a diversified and expanding client base
(5)   Asset-light business model with recurring revenue model, high operating leverage, profitability and cash generation

KFin Technologies Limited Financial Information (Restated)

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
Amount in Rs. Crore

KFin Technologies IPO Details

IPO Date
Dec 19, 2022 to Dec 21, 2022
Face Value
Rs.10 per share
Price
Rs.347 to Rs.366 per share
Lot Size
40 Shares
Issue Size
40,983,607 shares o fRs.10 (aggregating up toRs.1,500.00 Cr)
Offer for Sale
40,983,607 shares of Rs.10 (aggregating up to Rs.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.

IPO Tentative Timetable

IPO Open Date
19-Dec-22
IPO Close Date
21-Dec-22
Basis of Allotment Date
26-Dec-22
Initiation of Refunds
27-Dec-22
Credit of Shares to Demat Account
28-Dec-22
IPO Listing Date
29-Dec-22

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

Head Office - New Delhi 412-422, Indraprakash Building 21, Barakhamba Road, New Delhi – 01 Toll Free: 9350316010

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