KFin Technologies gets Sebi nod to float IPO

November 11, 2022

Financial services platform KFin Technologies has entered capital requests controller Sebi’s blessing to raise Rs2,400 crore through an original public immolation (IPO), request sources said on Thursday. The company had filed primary IPO papers with Sebi on March 31, this time.

Going by the Draft Red Herring Prospectus (DRHP), the Rs2,400- crore IPO is entirely an Offer- For- trade (OFS) by protagonist General Atlantic Singapore Fund Pte. Ltd. The company won’t admit any proceeds from the offer as all of it’ll go to the protagonist dealing shareholder.

The Securities and Exchange Board of India (Sebi) has approved the original share trade of KFin Technologies, the sources said. KFin is maturity possessed by finances managed by General Atlantic, a leading global private equity investor, which holds a 74.94 per cent stake in the company. Last time, Kotak Mahindra Bank NSE-1.07% had acquired a 9.98 per cent stake in the company.

The company provides services to asset directors and commercial issuers across asset classes in India. It also provides results, including sale forming and recycling for collective finances and private withdrawal schemes in Malaysia, Philippines and Hong Kong. KFin is the country’s largest investor results provider to Indian collective finances grounded on the number of asset operation company (AMC) guests serviced as on January 31, 2022. The establishment provides services to 25 out of 42 AMCs in India, representing 60 per cent request share.

For the nine months ended December, KFin posted earnings from operations at Rs 458 crore and a net profit of Rs97.6 crore, representing a time- on- time growth of 35 per cent and 313 per cent, independently. ICICI Securities NSE 3.68%, Kotak Mahindra NSE-1.07% Capital Company, JP Morgan India, IIFL Securities NSE 0.15% and Jefferies India are the book running lead directors to the issue. The equity shares of the company are proposed to be listed on BSE as well as NSE.

About KFin Technologies Limited

KFintech serves the mission-critical needs of asset managers with clients spanning mutual funds, AIFs (alternative investments), pension, wealth managers and corporates in India and abroad. The company provides SaaS based end-to-end transaction management, channel management, compliance solutions, data analytics and various other digital services to asset managers across segments, as well as outsourcing services for global players.

Our Values

KFin’s core values are designed and internalized to shape the culture and define the character of our organization. Our converging set of core values is our north star guiding how we act and how we make decisions. We are, forever, committed to the cause and always act with integrity and in compliance with the law. The values that signify KFin’s unwavering commitment to all its stakeholders.

  1. Client Success – Deliver to Delight
  2. Respect for People – Value and Celebrate individuality and togetherness
  3. Innovate and be exceptional – Challenge the paradigm
  4. Will and Skill to win – Foster the culture to Win and Wanting to Win
  5. Lead with integrity and live by compliance – Think and Act based on values
  6. Unhinged Accountability – We are that passionate
  7. Evolve, on demand – Nimble and fluid, stay ahead of the game