KFin Technologies IPO Details: KFin Technologies Ltd. IPO is scheduled to hit the market on December 19 and close on December 21. KFin Technologies Limited plans to raise around ₹1500 crores through an IPO with a sale of up to 40,983,607 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
KFin Technologies is a leading provider of investor solutions in India, servicing the largest number of mutual fund asset managers in the country. As of September 30, 2022, the company is providing services to 301 funds managed by 192 asset managers.
In addition to mutual funds, KFin Technologies also offers services to other types of asset managers, including alternative investment funds, wealth managers, pension funds, and corporate issuers. The company is the only provider of these services in India.
KFin Technologies IPO Details
KFin Technologies IPO opens on Dec 19, 2022, and closes on Dec 21, 2022. The Listing date for KFin Technologies IPO is on Dec 29, 2022. The price band for IPO is ₹347 to ₹366 per share and lot size of 40 shares.
| IPO Date | Dec 19, 2022 to Dec 21, 2022 |
| Listing Date | Dec 29, 2022 |
| Price | ₹347 to ₹366 per share |
| Lot Size | 40 Shares |
| Issue Size | ₹1,500.00 Cr |
| Face Value | ₹10 per share |
KFin Technologies IPO Tentative Timetable
KFin Technologies opening date is Dec 19, 2022 and close date is Dec 21, 2022. The IPO allotment date is Dec 26, 2022. The refund initiation of IPO is on Dec 27, 2022. The credit of shares in demat account is on Dec 28, 2022. The listing date is on Dec 29, 2022.
| Event | Date |
|---|---|
| IPO Opening | Dec 19, 2022 |
| IPO Closing | Dec 21, 2022 |
| IPO Allotment Date | Dec 26, 2022 |
| Refund Initiation | Dec 27, 2022 |
| Shares Credit to Demat | Dec 28, 2022 |
| Lisiting Date | Dec 29, 2022 |
KFin Technologies IPO Lot Size
Lot Size of this IPO is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹194,922).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 40 | ₹14,640 |
| Retail(Maximum) | 13 | 520 | ₹190,320 |
| S-HNI (Minimum) | 14 | 560 | ₹204,960 |
| B-HNI (Minimum) | 69 | 2,760 | ₹1,010,160 |
KFin Technologies IPO Promoter Holding
| Pre Issue Share Holding | 74.37% |
| Post Issue Share Holding | 49.91% |
KFin Technologies IPO Review
KFin Technologies is a renowned financial services platform that leverages cutting-edge technology to deliver a range of services to its clients. The company's financial performance over the last three fiscal years has been somewhat volatile, with its bottom line experiencing significant fluctuations.
At present, the company's financial performance seems to be fully reflected in its current price, making it a potentially attractive option for cash surplus investors looking to park their funds for the long term in the hopes of reaping future rewards.
The company's revenue from operations for Fiscal 2022 and the six months ended September 30, 2022, was Rs 6,395.07 million and Rs 3,487.68 million, respectively.
KFin Technologies IPO – Company Financials
Profit & Loss
| Particulars | MAR 2020 | MAR 2021 | MAR 2022 |
|---|---|---|---|
| Net Sales | 440.58 | 471.79 | 624.71 |
| Total Expenditure | 283.20 | 262.20 | 337.65 |
| Operating Profit | 157.37 | 209.59 | 287.06 |
| Other Income | 7.64 | 4.69 | 9.64 |
| Interest | 53.28 | 51.96 | 52.90 |
| Depreciation | 92.16 | 97.91 | 36.16 |
| Exceptional Items | 0 | 0 | 0 |
| Profit Before Tax | 19.57 | 64.41 | 207.63 |
| Provision for Tax | 13.70 | 131.72 | 54.62 |
| Net Profit | 5.87 | -67.31 | 153.02 |
| Adjusted EPS (Rs.) | 0.04 | -0.45 | 0.91 |
KFin Technologies IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
KFin Technologies IPO Broker Recommendations
- Capital Market: May Apply
- Anand Rathi: Apply
- SMC Global: Apply
- Arihant Capital: N/A
KFin Technologies IPO FAQs
What is KFin Technologies IPO?
KFin Technologies is issuing 10,909,091 equity shares with a face value of ₹5 each, totaling up to ₹552.00 Cr. The shares are being offered at a price of ₹481 to ₹506 each, with a minimum order quantity of 29 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When KFin Technologies IPO will open?
KFin Technologies will open on December 19, 2022 for QIB, NII, and Retail Investors.
When KFin Technologies IPO will end?
KFin Technologies will end on December 21, 2022.
What is KFin Technologies IPO Size?
KFin Technologies IPO size is ₹1500.00 crores.
What is KFin Technologies IPO Price Band?
KFin Technologies price band is ₹347 – ₹366.
What is the KFin Technologies IPO Allotment Date?
KFin Technologies allotment date is December 26, 2022.
What is the KFin Technologies IPO Listing Date?
KFin Technologies listing date is December 29, 2022. The IPO is to be listed on BSE and NSE.
How to Apply KFin Technologies IPO through Zerodha?
To apply for the IPO “KFin Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply KFin Technologies IPO through Upstox?
To apply for the IPO “KFin Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check KFin Technologies IPO Allotment Status?
For KFin IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is KFin Technologies IPO GMP?
You can check out here: KFin Technologies IPO GMP