Kfin technologies offers services and solutions to asset managers and corporate issuers. It’s completely offer for sale (OFS) issue by the promoter General Atlantic Singapore Fund Pte Ltd. raised around Rs. 1500 crores from the market. Set at Rs 347-366 per share was the price band for the offer
The share debut of Kfin Technologies on the bourses disappointed the investors today i.e. 29th December; as share opened just at Rs 367 against the issue price of Rs 366 on the NSE, and Rs. 369 on BSE; as expected by the market analysts considering lower-than-expected IPO subscription numbers, a complete offer-for-sale issue and equity market correction.
Kfin technologies offers services and solutions to asset managers and corporate issuers. It’s completely offer for sale (OFS) issue by the promoter General Atlantic Singapore Fund Pte Ltd. raised around Rs. 1500 crores from the market. Set at Rs 347-366 per share was the price band for the offer
The company had a good performance with an asset-light business model, recording a profit at Rs 148.5 crore for 2021-22 against a loss of Rs 64.5 crore a year before. Revenue from operations in the same period increased by 33 percent to Rs 639.5 crore.
It is to be noted that this is the 6th listing on the bourses in the last month of this calendar year. 4 out of the last 5 listings disappointed the investors.
Read More-KFin Technologies public offering of INR 1500 crore opens for Public subscription.
