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.