KFin technologies are a major technology-driven financial services platform providing comprehensive services to the capital markets ecosystem, including the asset managers and corporate issuers, across different asset classes in the country.
KFin Technologies; a Financial services tech company’s initial public offering, is live from 19 December to 21st December for subscription. Fintech company has garnered Rs 675 crore from anchor investors, ahead of floating its IPO.
KFin technology in its exchange filing said after consultation with merchant bankers, it has finalised the allocation of 1.84 crore shares to anchor investors at the cost of Rs 366 per equity share, the upper end of price band for the IPO.
KFin technology is a major technology-driven financial services platform providing comprehensive services to the capital markets ecosystem, including the asset managers and corporate issuers, across different asset classes in the country.
A total of 44 investors purchased 1.84 crore shares via the anchor book, that includes names like; Goldman Sachs Funds, Carmignac Portfolio, Pinebridge Global Funds, Pari Washington India Master Fund, Citigroup Global Markets Mauritius, and Morgan Stanley etc.
Fintech company has set the target to raise Rs 1,500 crore via the IPO that comprises only an offer for sale (OFS) by the promoter General Atlantic Singapore Fund Pte Ltd. The price band for the initial public offering is 347-366 per share, and the issue will run from December 19-21. ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities, and Jefferies India are the book running lead managers to the public issue of KFin technologies.
