| Opening Date |
19, December 2022 |
| Closing Date |
21, December 2022 |
| Refund Initiation |
27, December 2022 |
| Listing Date |
29, December 2022 |
| Face Value |
₹10 per equity share |
| IPO Price Band |
₹347 to ₹366 per equity share |
| Minimum Order Quantity |
40 Shares |
| Issue Size |
₹1,500 Cr |
The month of December saw a couple of IPOs getting listed in the secondary market. Amongst these were KFin Technologies Ltd India Ltd, Sula Vineyards Ltd, Landmark Cars Ltd and Abans Holdings. While Uniparts Ltd had an unfortunate listing, wherein it listed at a discount of 6.47%, investors are awaiting the listings of Sula Vineyards, which received a happy response from retail and institutional investors. Now, as we come towards the end of this IPO month, there are some IPOs queued to be going live - among which is - KFin Technologies Ltd. In this article, let’s study the details of this IPO which will eventually help you to decide if it’s investment-worthy or not!
About the Company -
Incorporated in the year 2007, KFin Technologies Ltd is a leading technology-driven financial services platform. As on Q2FY23, KFin Technologies Ltd is the only investor and issuer solutions provider in India which offers services to asset managers such as mutual funds, alternative investment funds ("AIFs"), wealth managers and pension as well as corporate issuers in India. The company is also one of the three operating central record-keeping agencies (“CRAs”) for the NPS in India as on Q2FY23. KFin Technologies Ltd provides several investor solutions for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.
The financials of the company for the last three financial years are given as below:
| Particulars |
Three month period ended June 30, 2022 |
As of and for the Financial Year ended March 31 |
| 2022 |
2021 |
2020 |
| Equity share capital |
168 |
168 |
151 |
151 |
| Networth |
737 |
644 |
346 |
410 |
| Total Borrowings |
126 |
123 |
346 |
375 |
| Revenue from Operations |
349 |
640 |
481 |
450 |
| EBITDA |
138 |
294 |
217 |
164 |
| Profit after Tax |
85 |
149 |
-65 |
5 |
| Earnings per Share (diluted) |
5* |
9 |
-4 |
0 |
| Return on Equity |
25% |
30% |
-17% |
1% |
all numbers stated are in crore, except share data.
*not annualized
KFin Technologies Ltd details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO 2023 viz - KFin Technologies Ltd date and its share price.
KFin Technologies Ltd issue date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is going live from December 19 and will be available for subscription until December 21, 2022.
KFin Technologies Ltd issue size -
The total issue size of the latest KFin Technologies Ltd India Ltd is declared to be ₹1,500 crores. This is a total offer for sale. The company is offloading 4,09,83,607 equity shares in OFS, by promoter General Atlantic Singapore Fund Pte Ltd. The selling shareholder will get all the proceeds and the company will not receive any money from the offer.
75% of the offer is for QIBs (Qualified Institutional Buyers), 10% for retail investors, and the balance 15% for NIBs (Non-institutional Investors).
KFin Technologies Ltd share price
The price band of the company’s upcoming IPO is declared to range between ₹347 to ₹366 per equity share
KFin Technologies Ltd listing
Since the IPO of KFin Technologies Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
KFin Technologies Ltd objectives
The net proceeds of the Issue, i.e. gross proceeds of the Issue are proposed to be utilized in the following manner:
- To carry out the offer for the sale of equity shares by General Atlantic
KFin Technologies Ltd Strengths
- One of the two leading investor solutions providers in India as on Q2FY23; providing services to 24 out of 41 AMCs in India, (59% of market share basis number of AMC clients)
- Diverse multi-asset servicing platform with operation in many large markets
- Unique “platform-as-a-service” business model with comprehensive end-to-end solutions
- Asset-light business model with recurring revenue model
- Long standing relationship with customers
KFin Technologies Ltd India Ltd risks
- Significant disruptions in information technology systems or breaches of data security
- Significant portion of revenue derived from MF clients
- 50% of Revenue derived from Top 5 customers
- Subject to SEBI & PFRDA regulations
Conclusion
If you wish to become a part of this exciting Upcoming IPO 2023 opportunity, you will need to have an online demat and trading account, which will help you get shares of your favorite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.
If you are an existing customer with Motilal Oswal, you can now invest in the IPOs in just one click through UPI payment!
It’s all easy. It’s all good.
Related IPO Articles: GoAir IPO | Seaborne Logistics IPO | Landmark Cars Limited IPO | Arohan Financial Services IPO | Sula Vineyard IPO | Abans Holdings IPO | Paras Defence and space technologies IPO | Utkarsh small finance bank IPO | Montecarlo Limited IPO | Sona BLW Precision Forgings Ltd IPO | Company Profile about Zomato IPO | How to apply for Zomato IPO with Motilal Oswal | What you must know before the launch of Zomato IPO