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KFin Tech Files DRHP for Rs. 2,400 Crores IPO

24 February 20233 mins read by Angel One
KFin Tech Files DRHP for Rs. 2,400 Crores IPO
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KFin Technologies, one of the eminent registrars in the country, filed its DRHP (Draft Red Herring Prospectus) with SEBI to garner Rs. 2,400 crores through an IPO. Read the following sections to get more details on it!

Get an Insight into the KFin Tech IPO

The initial public offering of KFin Tech is purely an OFS (Offer for Sale), aiming to garner Rs. 2,400 crores from the market. General Atlantic holds a 74.94% stake in the company. In 2021, Kotak Mahindra Bank owned a stake of 9.98% in KFin Tech.

The lead managers of this offering are Jefferies India, IIFL Securities, JP Morgan India, Kotak Mahindra Capital Company and ICICI Securities.

Know About KFin’s Business

KFin offers services to corporate issuers and asset managers across India’s asset classes. Further, it facilitates solutions such as transaction processing and originating for private retirement schemes and mutual funds in Hong Kong, the Philippines and Malaysia.

The entity also offers mortgage solutions to parts of Australia, Europe and America. It has enhanced multi-currency and proprietary multi-geography platforms for multiple Asset classes. Some of its clients include JSW, ONGC, Reliance, UCO Bank and UTI Mutual Fund.

Parting Words

KFin Technologies has a huge client base worldwide, and its high-quality services help maintain brand loyalty. Over three decades, most corporates and asset managers have found their services reliable and effective. With a robust and diverse workforce of more than 5,500 experienced professionals, it has emerged as a leader in investor servicing.

If you’re a passionate investor, you can open an easy Demat Account from Angel One through an instant and streamlined procedure. Keep an eye on Angel One’s blogs section for more stock market, IPO And business-related news and updates.

Frequently Asked Questions

  1. How many funds does KFin serve in India?

KFin offers service to 157 fund managers, facilitating 270 funds in India. It represents a 32% market share on the basis of the count of the alternative investment funds being serviced.

  1. Does KFin Tech work as a CRA?

Yes, KFin Tech works as a CRA (Central Record Keeping Agency) for the NPS (National Pension Scheme). The entity has 3 AMC clients in Hong Kong and the Philippines and 16 clients in Malaysia.

  1. What has been KFin Tech’s revenue as of December 2021?

As of December 2021, the revenue of KFin Tech amounted to Rs. 458 crores, with its net profit standing at Rs. 97.60 crores.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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