
Financial Services / FinTech · NSE / BSE
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial services platform offering comprehensive investor and issuer solutions across multiple asset classes in India and select international markets. The company provides transaction origination, processing, and record-keeping services for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong. As of September 30, 2022, it is India’s largest investor solutions provider to mutual funds and the only platform serving mutual funds, AIFs, wealth managers, pension funds, and corporate issuers under one roof. KFin Technologies is also one of the two central record-keeping agencies (CRAs) for the National Pension System (NPS) and the country’s largest issuer solutions provider. Its offerings span investor solutions, issuer solutions such as IPO/FPO processing and e-AGMs, and global services including mortgage, legal, finance, and accounting support. For Fiscal 2022, the company reported revenue from operations of ₹6,395.07 million, with ₹3,487.68 million recorded in the six months ended September 30, 2022.
Price Band
₹347 – ₹366
Issue Size
₹1500 Cr
Lot Size
40 shares
GMP
+1.4%
Est. Listing
₹371
at current GMP
Subscribed
2.59x
overall
Open
19 Dec 2022
Close
21 Dec 2022
Allotment
27 Dec 2022
Refund
28 Dec 2022
Demat Credit
29 Dec 2022
Listing
29 Dec 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
27 Dec 2022
Basis finalization
Refunds Initiate
28 Dec 2022
Mandate release
Demat Credit
29 Dec 2022
Shares in demat
Listing Debut
29 Dec 2022
Trading begins
KFin Technologies Limited is bringing an initial public offering (IPO) in the Financial Services / FinTech sector with an aggregate issue size of ₹1,500 Crores. The shares are offered at a price band of ₹347 to ₹366 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 40 shares (approx. ₹14,640 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-12-29, while un-allotted funds or UPI block mandates will be released on 2022-12-28.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.