-- / 40 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

347 - 366

Lot Size

40

IPO Size

₹ 1500.00 Cr

IPO Listing Details

Listing On

29 Dec'22

Issue Price

366

Listed Price

₹ 367

Retail Gain/Listing Gain

0.27%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

KFIN Technologies Limited is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India. It also provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.

As on September 30, 2022, the company was India’s largest investor solutions provider to Indian mutual funds, based on number of AMC clients serviced. It is providing services to 24 out of 41 AMCs in India, as on September 30, 2022, representing 59% of market share based on the number of AMC clients. (Source: CRISIL Report).

As on September 30, 2022, KFIN Technologies 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, besides servicing overseas clients in South East Asia and Hong Kong. The company is servicing 301 funds of 192 asset managers in India as on September 30, 2022, representing 30% market share based on number of AIFs being serviced.

It is one of the three operating central record keeping agencies (CRAs) for the National Pension System (NPS) in India as on September 30, 2022. As on June 30, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds and private retirement schemes as specified in the CRISIL Report, it is servicing 18 AMC clients in Malaysia in addition to three clients in Philippines and Hong Kong as on September 30, 2022. In addition, the company has signed two new AMCs in Malaysia and one AMC in Singapore that are yet to launch operations as on September 30, 2022.

KFIN Technologies is the largest issuer solutions provider in India based on number of clients serviced, as on September 30, 2022. It also had a 40% and 29% market share based on number of mainboard initial public offerings handled in Fiscal 2022 and six months ended September 30, 2022, respectively.

The company’s services include a wide array of investor and issuer solutions including omni-channel transaction origination and processing, channel management, which is mapping of mutual fund schemes of AMCs to distributors selected by the AMCs and related distributor management, including brokerage computation and channel servicing which includes brokerage pay-out, query solution and GST compliance assistance, customer on-boarding with integrated KYC, unit allocation and redemption, reporting and compliance checks on a real time basis. It also offers asset servicing products including a distributor platform, an investor platform, and an online transaction platform together with data analytics.

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Scaled platform with strong track record of growth and market leadership
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Diverse multi-asset servicing platform well-positioned to benefit from strong growth across large markets
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Deeply entrenched, long-standing client relationships with a diversified and expanding client base
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Asset-light business model with recurring revenue model
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Here are a few strategies KFIN Technologies Limited has for its business:

  • Maintain leadership in current businesses by enhancing value proposition and further deepening relationship with existing clients
  • Further expand client base and market share through enhanced sales and marketing
  • Invest in technology solutions and product innovation
  • Focused and selective international expansion-
  • Pursue strategic acquisitions

And finally here’s a look at key financials of KFIN Technologies Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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KFin Technologies Ltd IPO FAQs

KFin Technologies Ltd will list on 2022-12-29.

1500.00 is the issue size of KFin Technologies Ltd IPO.

The price band of KFin Technologies Ltd IPO is ₹347 to ₹366.

The KFIN Technologies Limited IPO has an issue size of Rs. 1,500 crores. The IPO opens for subscription on 19th December and ends on 21st December.

The allotment dates are yet to be announced.

Bigshare Services Private Limited is the registrar for this IPO

You can read more about KFIN Technologies Limited and its IPO from the company’s red herring prospectus (RHP) here: KFIN Technologies Limited RHP.

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