new Delhi: Fin-tech Kefin Technologies Limited has announced the issuance of its IP for a fresh issue size of Rs 1500 crore. The company has fixed a price band of Rs 347-366 per share. The IPO will open on Monday, December 19, 2022.
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Here’s everything you need to know:
Investors can subscribe to the KFin Technologies IPO. The minimum lot size is 40 shares or multiples thereof. A retail investor can bid for 13 lots or a maximum of 520 shares.
Those to whom the shares have been allotted include Goldman Sachs (Singapore) Pte, Morgan Stanley Asia (Singapore) Pte, Copthal Mauritius Investment Ltd, Citigroup Global Markets Mauritius, PineBridge Global Funds and Pari Washington India Master Fund Ltd.
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The data shows that out of the total allotment of 1.84 crore equity shares to anchor investors, 69.67 lakh equity shares or about 38 per cent of the total were allotted to 8 domestic mutual funds through a total of 17 schemes.
The company’s IPO will be a net offer-for-sale (OFS) of up to Rs 1,500 crore by its existing promoter General Atlantic Singapore Fund Pte Ltd.
What is Kefin Technology Limited?
Kfin is a Fin-Tech company, specializing in Mutual Funds, Corporate Registry, NPS and many more. It is the country’s largest investor solutions provider for Indian mutual funds based on the number of Asset Management Company (AMC) clients as of September 2022. The firm provides services to 24 out of 41 AMCs in India, representing 59 per cent market share.
(With PTI inputs)