KFin Technologies Limited IPO Details: IPO Open 19 to 21 Dec 2022, Know All About This IPO
About The Company
The Company was originally incorporated under the Companies Act, 2013 as ‘KCPL Advisory Services Private Limited’ and was granted a certificate of incorporation by the RoC on June 8, 2017. The Board of the Company approved the change in the name of the Company from ‘KCPL Advisory Services Private Limited’ to ‘Karvy Fintech Private Limited’ by their resolution dated July 22, 2017, which was thereafter approved by the Shareholders of our Company through their resolution dated July 24, 2017, and a fresh certificate of incorporation, under the Companies Act, 2013, was issued by the RoC on August 10, 2017.
Pursuant to the Scheme of Amalgamation between Karvy Consultants Limited (“KCL”), Karvy Computershare Private Limited (“KCPL”) and our Company, all the assets and liabilities pertaining to the RTA business of KCL (including but not limited to the equity investment of KCL in KCPL) were demerged into our Company on a going concern basis; and KCPL was amalgamated into our Company with effect from November 17, 2018. The Board of our Company approved the change in the name of our Company from ‘Karvy Fintech Private Limited’ to ‘KFin Technologies Private Limited’ through their resolution dated November 25, 2019, which was thereafter approved by the Shareholders of our Company through their resolution dated November 30, 2019 and a fresh certificate of incorporation, under the Companies Act, 2013, was issued by the RoC on December 5, 2019.
The Board of the Company approved the conversion of the Company from a ‘private limited company’ to a ‘public limited company’ through their resolution dated January 8, 2022, which was thereafter approved by the Shareholders of the Company through their resolution dated January 28, 2022. Pursuant to the conversion of our Company into a public limited company, the name of our Company was changed from ‘KFin Technologies Private Limited’ to ‘KFin Technologies Limited’, and a fresh certificate of incorporation dated February 24, 2022, was issued by the RoC. For details in relation to the Scheme of Amalgamation and the changes in the name and registered office of our Company, see “History and Certain Corporate Matters” on page 258.
Company Business
It 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. They provide several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong. It serviced 301 funds of 192 asset managers in India as on September 30, 2022, representing 30% market share based on the 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.
Founded: 2017
Company Promoters & Managing Director of the Company
Promoters:
Managing Director: Sreekanth Nadella
KFin Technologies Limited IPO Details
| Issue Amount | Upto Rs 1,500.00 Crores |
| IPO Open Date | Dec 19, 2022 to Dec 21, 2022 |
| Face Value | Rs 10 Per Share |
| Price Band | Rs 347 to 366 |
| Lot Size | 40 Shares |
| Offer for Sale | Up to 4,09,83,606 Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | Bigshare Services Private Limited |
KFin Technologies Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 19 December 2022 |
| IPO Close Date | 21 December 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 26 December 2022 |
| Initiation of Refunds | 27 December 2022 |
| Credit of Shares to Demat Account | 28 December 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 29 December 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 75% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 10% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
(i) To carry out the Offer for Sale of up to [•] Equity Shares aggregating to ₹15,000 million by the Promoter Selling Shareholder; and
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder after deducting the Offer expenses and relevant taxes thereon.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | 923 | 868 | 1,022 |
| Total Revenue | 486 | 455 | 165 |
| Net Profit & Loss For The Period After Tax | 65 | 5 | 9 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
KFin Technologies Limited IPO Issue Amount?
Issue Amount : Upto Rs 1,500 Crore.
What is KFin Technologies Limited IPO?
IPO is a main-board IPO. They are going to raise ₹ 1,500 Crores via IPO. The issue is priced at ₹ 347 to ₹ 366 per equity share. The IPO is to be listed on BSE & NSE.
KFin Technologies Limited IPO Open?
Monday, 19 December 2022 to Wednesday 21 December 2022.
KFin Technologies Limited IPO Will Open?
The IPO is to open on 19 December 2022 for QIB, NII, and Retail Investors.
The KFin Technologies IPO Promoter Holding
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Address & Contact Info.
Corporate Identity Number: U72400TG2017PLC117649;
Registered and Corporate Office: Selenium, Tower B,
Plot No- 31 & 32, Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareddi – 500032, Telangana, India.
Contact Person: Alpana Uttam Kundu, Company Secretary and Compliance Officer;
Telephone no.: +91 40 7961 5565;
E-mail: compliance.corp@kfintech.com;
Website: www.kfintech.com
KFin Technologies Limited IPO Registrar
Bigshare Services Private Limited
Office No –S6-2, 6th Floor, Pinnacle Business Park Next to Ahura Centre ,
Mahakali Caves Road ,Andheri (East) Mumbai -400093
Telephone no.: +91 22 62638200
E-mail: kfintechipo@bigshareonline.com
Investor Grievance e-mail: inestor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Jibu John
SEBI Registration No.: INR000001385
How to apply on Zerodha, KFin Technologies Limited IPO through Zerodha?
Zerodha customers can apply online in KFin Technologies Limited IPO using UPI as a payment gateway. Zerodha customers can apply in KFin Technologies Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in KFin Technologies Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘KFin Technologies Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
KFin Technologies Limited Logo, KFin Technologies Logo
What is KFin Technologies IPO Expected Returns?
KFin Technologies IPO Expected Returns is 1%.
What is KFin Technologies IPO GMP Today?
KFin Technologies IPO GMP is ₹ 4 as of today.