KFin Technologies IPO

KFin Technologies IPO | Review

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KFin Technologies Limited has come up with an initial public offer (IPO). It will open on December 19-21 at Rs.347-366 a share. The IPO issue size is around Rs.1,500.00 crores. The minimum bid will be for 40 shares and in its multiples thereafter.


KFin Technologies Limited was incorporated in the year 2017. 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. Also, it provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.

The company is India’s largest investor solutions provider to Indian mutual funds, based on the number of AMC clients serviced. Moreover, it is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, AIFs, wealth managers and pension as well as corporate issuers in India. Also, it services 301 funds of 192 asset managers in India. It is one of the three operating central record-keeping agencies (“CRAs”) for the National Pension System (“NPS”) in India. Moreover, it is the largest issuer solutions provider in India based on the number of clients serviced. 

Kfin Technologies also offer asset servicing products including a distributor platform, an investor platform, and an online transaction platform together with data analytics. Its technology products, solutions and platforms help clients to focus on their core business functions.

Website http://www.kfintech.com/


General Atlantic Singapore Fund – 74.37%

Promoter Holding

Pre-Issue Shareholding – 74.37%Post-Issue Shareholding – 49.91%

Strength & Weakness

Strong track record of growthSignificant revenues from a few customers
Diverse multi-asset servicing platformDepends on Key Managerial Personnel
Unique “platform-as-a-service” business modelOutstanding legal proceedings against company
Deeply entrenched, long-standing client relationshipsSubject to periodic inspections by the SEBI and the PFRDA
Diversified and expanding client baseSubject to extensive government regulation
Asset-light business model with a recurring revenue modelDependent on the strength and recognition of brand and reputation
Experienced  management  teamStrong competition
Investing in technology solutions and product innovationIssuer solutions business is affected by seasonality


Nippon India Mutual FundLIC Mutual Fund
Mirae Asset Mutual FundUTI Mutual Fund
Axis Mutual FundSundaram Mutual Fund


CAMS (Computer Age Management Services)
Link Intime India Private Limited
Bigshare Services Private Limited

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Objects of Issue

1) The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.

KFin Technologies IPO Lot Size

Retail (Min)140Rs.14,640
Retail (Max)13520Rs.1,90,320
S-HNI (Min)14560Rs.2,04,960
B-HNI (Max)692,760Rs.10,10,160

KFin Technologies IPO Details

IPO Opening Date December 19, 2022
IPO Closing Date December 21, 2022
Face Value Rs.10 per Equity Share
IPO Price Rs.347-366 per share
Market Lot 40 shares
Minimum Order Quantity 40 shares
Listing At NSE, BSE
No. of shares offered (OFS)4,09,83,607 shares
Issue Size Up to Rs.1,500.00 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer 

KFin Technologies IPO Timetable

IPO DateDecember 19-21, 2022
Allotment DateDecember 26, 2022
Initiation of RefundsDecember 27, 2022
Credit of share to Demat a/cDecember 28, 2022
IPO Listing DateDecember 29, 2022

KFin Technologies IPO GMP

The current GMP is around Rs.8

Allotment Status

Bigshare Services – http://www.bigshareonline.com

Book Lead Managers


About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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