KFin Technologies Limited IPO Details

 

KFin Technologies Limited

 

KFin Technologies Limited IPO Detail

Offer period

Dec 19, 2022, to Dec 21, 2022,

Price Band

₹347 to ₹366 per share

Lot Size

40 Shares

Issue Size

₹2400 Cr

Listing Date

Dec 29, 2022

Allotment Date

Dec 26, 2022

 

KFin Technologies Limited - Company Overview

KFin Technologies is a leading technology-driven financial services platform that offers comprehensive services and solutions to the capital markets ecosystem, including asset managers and corporate issuers, such as omnichannel transaction origination and processing, channel management, which is the mapping of mutual fund schemes of AMCs to distributors chosen by the AMCs and related distributor management, including brokerage computation, and channel servicing.

 

KFin Technologies Limited - Business Overview

It has an end-to-end transaction management platform for multiple asset classes, including mutual funds, direct stock investments, alternative investment funds, wealth, and pensions, and it operates in India, Malaysia, the Philippines, and Hong Kong.

It serves 270 funds from 157 asset managers in India, accounting for 32% of the market in terms of AIFs served. Kfin is one of the National Pension System's two operational central record-keeping agencies (CRA) (NPS). Out of 60 AMC clients, the firm has 16 in Malaysia, three in the Philippines, and three in Hong Kong.

Based on the number of AMC clients, the firm serves 25 of the 42 AMCs in India, accounting for 60% of the market. In addition, the company has signed two new AMCs that have yet to begin operations.

 

KFin Technologies Limited - IPO Synopsis

KFin Technologies, one of India's leading registrars, has filed preliminary papers with SEBI in order to raise Rs 2,400 crore through an initial public offering.

The IPO comprises General Atlantic Singapore Fund Pte. Ltd.'s offer for sale (OFS) of up to Rs 2,400 crore in equity shares. KFin Technologies is primarily owned by funds managed by General Atlantic, a leading global private equity investor, which owns 74.94% of the company.

The issue's book-running lead managers are ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities, and Jefferies India.

 

KFin Technologies Limited - Objectives of the IPO

The net proceeds of the issue will be used for the following purposes:

  1. To carry out the Promoter Selling Shareholder's Offer for Sale of up to Equity Shares totalling Rs. 2,400 crores.

  2. Realize the advantages of listing equity shares on stock exchanges.

 

KFin Technologies Limited - Financial Overview (in crore)

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

31-Mar-22

1026.41

645.56

148.55

644.34

122.51

30-Sep-22

1114.81

353.76

85.34

736.72

126.24

 

KFin Technologies Limited - Pros
  1. Scaled platform with a proven track record of growth and market leadership

  2. A diversified multi-asset servicing platform is well-positioned to benefit from strong growth in large markets in India and Southeast Asia.

  3. Distinctive "platform-as-a-service" business model offering comprehensive end-to-end solutions enabled by in-house developed technology solutions

  4. An asset-light business model with a recurring revenue model, high operating leverage, profitability, and cash generation

 

KFin Technologies Limited - Cons
  1. Serious malfunctions in information technology systems or data security breaches could harm our reputation and business.

  2. A significant portion of the revenue comes from a small number of clients, so the loss of one or more of them could have a negative impact on our business and future prospects.

  3. The firm is involved in ongoing legal proceedings.

  4. Seasonality affects the issuer solutions business, which may cause fluctuations in our operating results.

  5. Failure to obtain, maintain or renew the necessary statutory and regulatory licences, permits, and approvals to run our business.

 
How to Apply for KFin Technologies Limited IPO
  1. Go to https://ipo.adityatrading.in/

  2. Enter your client ID

  3. Enter the OTP received in your registered mobile number.

  4. Choose the IPO and click on apply button.

  5. Enter the UPI ID, Quantity, and Cut off price.

  6. Click on submit button

  7. Confirm the mandate the mandate request received on your phone by entering the UPI Pin.

  8. You can also watch our youtube video on “How to Apply on IPO”

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