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KFin Technologies IPO

  • Status: Closed
  • ₹ 13,880 / 40 shares

    Minimum Investment

IPO Details

  • Open Date

    19 Dec 2022

  • Close Date

    21 Dec 2022

  • IPO Price Range

    ₹ 347 to ₹366/share

  • IPO Size

    ₹ 2,400 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    29 Dec 2022

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 26 December 2022 3:48 PM by rahul_raskar

KFin Technologies IPO opens on Dec 19, 2022, and closes on Dec 21, 2022.
The IPO entirely comprises of an offer for sale (OFS) of up to Rs 1,500 crore worth of equity shares. KFin Technologies is majorly owned by funds managed by General Atlantic, a leading global private equity investor, which has 74.94% stake in the firm. The KFin Technologies IPO lot size is 40 shares while the price band is fixed at ₹347 to ₹366 per share. The issue will be listed on 29th December while the shares will be allotted on 26th December.
ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities and Jefferies India are the book running lead manager for the issue.

Objective of KFin Technologies IPO

The net proceeds from the issue will be used for

1.    to carry out the Offer for Sale of up to Equity Shares aggregating to Rs. 2,400 crores by the Promoter Selling Shareholder 
2.    achieve the benefits of listing the Equity Shares on the Stock Exchanges
 

KFin Technologies IPO Video

Kfin Technologies is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem, including asset managers and corporate issuers, such as 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 onboarding with integrated KYC, unit allocation and redemption, reporting and compliance checks on a real time basis.

It has an end-to-end transaction management platform across multiple asset classes such as mutual fund, direct stock investments, alternate investment funds, wealth and pension across India, Malaysia, Philippines and Hong Kong

It serves 270 funds of 157 asset managers in India, representing 32% market share based on the number of AIFs being serviced. Kfin is one of the two operating central record keeping agencies (CRA) for the National Pension System (NPS). The firm also has 16 AMC clients in Malaysia out of 60 in addition to three clients in Philippines and Hong Kong.

The firm provides services to 25 out of 42 AMCs in India representing 60% of market share based on the number of AMC clients. The firm has also signed two new AMCs that are yet to launch operations.

Know About: KFIN Technologies IPO GMP

Check out KFin Technologies IPO Web-stories

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY21 FY20 FY19
Revenue 639.5 481.1 449.9
EBITDA 293.9 217.5 293.9
PAT 148.5 -64.5 4.5
Particulars (in Rs. Crores) FY21 FY20 FY19
Total Assets 1026.4 922.6 868.4
Share Capital 167.6 150.8 150.8
Total Borrowings 122.5 346.1 375.4
Particulars (in Rs. Crores) FY21 FY20 FY19
Net cash generated from / (used in) operating activities 252.6 204.6 101.4
Net cash from / (used in) investing activities -115.4 -103.7 93.0
Net cash flow from / (used in) financing activities -115.4 -89.4 -206.0
Net increase (decrease) in cash and cash equivalents 21.8 11.5 -11.6


Peer Comparison

Name of the Company Total Revenue Basic EPS Nav Rs. per share PE RoNW%
KFin Technologies Limited 639.51 9.44 38.45 NA 29.99%
Computer Age Management Services Limited 909.67 58.73 132.43 39.37 49.32%


Strengths

1.    Scaled platform with strong track record of growth and market leadership
2.    Diversified multi-asset servicing platform is well-positioned to benefit from strong growth across large markets in India and South East Asia
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

Risks

1.    Significant disruptions in the information technology systems or breaches of data security could adversely affect our business and reputation
2.    It derives a significant portion of our revenues from a few customers and the loss of one or more such clients could adversely affect the business and prospects
3.    There are outstanding legal proceedings involving the firm
4.    The issuer solutions business is affected by seasonality, which could result in fluctuations in our operating results
5.    Failure to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required to operate our business
 

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FAQs

The price band of the IPO is set at Rs. 347 – Rs. 366 per share

The Kfin Technologies IPO opens on 19th December, and the closes on 21st December.

The fresh issue entirely comprises of an offer for sale (OFS) of up to Rs 1,500 crore worth of equity shares.

The allotment date of Kfin Technologies IPO is 26th December 2022.

The listing date of Kfin Technologies IPO is 29th December 2022.

The Kfin Technologies IPO market lot size 40 shares per lot.

The proceeds will be used:

•    to carry out the Offer for Sale of up to Equity Shares aggregating to Rs. 2,400 crores by the Promoter Selling Shareholder 
•    achieve the benefits of listing the Equity Shares on the Stock Exchanges

To apply for the IPO, follow the steps given below

•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app

Kfin Technologies is promoted by General Atlantic Singapore Fund Pte. Ltd.

ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities and Jefferies India are the book running lead managers to the issue.