Categories: IPO

KFin Technologies Limited IPO Details: IPO Open 19 to 21 Dec 2022, Know All About This IPO

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 AmountUpto Rs 1,500.00 Crores
IPO Open DateDec 19, 2022 to Dec 21, 2022
Face ValueRs 10 Per Share
Price BandRs 347 to 366
Lot Size40 Shares
Offer for SaleUp to 4,09,83,606 Equity Shares
Offer TypeBook Built Offer
IPO RegistrarBigshare Services Private Limited
Issue Details

KFin Technologies Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date

EventTentative Date
IPO Open Date19 December 2022
IPO Close Date21 December 2022
Time10 AM to 5 PM
Basis of Allotment Date26 December 2022
Initiation of Refunds27 December 2022
Credit of Shares to
Demat Account
28 December 2022
IPO Listing Date (Trading
Commence) NSE & BSE
29 December 2022
IPO Timeline, IPO Open Date, Listing Date, Refund Date

Offer Breakup

CategoryAllocation
Qualify Institutional Bidders (QIB)75%
Non Institutional Byers (NIB)15%
Retail Individual Investor (RII)10%
Employee
Total100%
Offer Breakup

Top Stock Brokers

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,
202120202019
Total Assets9238681,022
Total Revenue486455165
Net Profit & Loss
For The Period
After Tax
6559
Important Financial Data

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

KFin Technologies Limited

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.

Recent Posts

  • Uncategorized

You Know Where are Nepal One Beautiful & Famous Country in Wolds? क्या आप जानते हैं कि विश्व का एक खूबसूरत और प्रसिद्ध देश नेपाल कहां है?

You Know Where are Nepal One Beautiful & Famous Country in Wolds? क्या आप जानते हैं कि विश्व का एक… Read More

12 hours ago
  • Business Idea

How to Setup a Manufacturing Plant of Cake Making Unit?

How to Setup a Manufacturing Plant of Cake Making Unit? How to Set Up a Cake Manufacturing Plant? Setting up… Read More

12 hours ago
  • Share Market

अडानी का शेयर बाज़ार 20% तक टुटा: Adani’s Stock Market Crash

अडानी का शेयर बाज़ार 20% तक टुटा: Adani's Stock Market Crash अडानी शेयर बाज़ार, Adani's Stock Market Crash अडानी शेयर… Read More

12 hours ago
  • Business Idea

How to Setup a Manufacturing Plant of Cake Gel?

How to Setup a Manufacturing Plant of Cake Gel? How to Set Up a Cake Gel Manufacturing Plant? Cake gel… Read More

13 hours ago
  • Business Idea

How to Setup a Plant of Cable Connectors(LUGS)?

How to Setup a Plant of Cable Connectors(LUGS)? Setting up a manufacturing plant for cable connectors (lugs) requires careful planning,… Read More

14 hours ago
  • Food Recipes

The Incredible Health Benefits of Jackfruit (Dried)? कटहल (सूखे) के अविश्वसनीय स्वास्थ्य लाभ?

The Incredible Health Benefits of Jackfruit (Dried)? कटहल (सूखे) के अविश्वसनीय स्वास्थ्य लाभ? Dried jackfruit, like its fresh counterpart, is… Read More

15 hours ago

This website uses cookies.