Kfin Technologies IPO Analysis @ Chanakyanipothi.com,
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Anchor Investors: KFin Technologies Ltd, has allotted 18,442,623 equity shares to 44 anchor investors and raised Rs 675 crore ahead of company’s proposed IPO, the upper price band of Rs 366 per equity share (including premium of Rs 356 per equity shares) with face value of Rs 10 per share.

Out of the total allocation of 18,442,623 equity shares to the Anchor Investors, 6,967,120 equity shares (i.e. 37.78% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 17 schemes.

Kfin Technologies IPO Promoters
GENERAL ATLANTIC SINGAPORE FUND PTE. LTD

Kfin Technologies IPO Company Details

Kfin Technologies is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong, on account of the following:
• As on January 31, 2022, it is India’s largest investor solutions provider to Indian mutual funds, based on number of AMC clients serviced. It is providing services to 25 out of 42 AMCs in India, as on January 31, 2022, representing 60% of market share based on the number of AMC clients. In addition, it signed on two new AMCs that are yet to launch operations as on January 31, 2022. Further, through its acquisition of Hexagram, it serves six AMCs in India on fund accounting, of which, three are its existing AMC clients in India for investor solutions.
• As on January 31, 2022, it is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds (“AIFs”), wealth managers and pension as well as corporate issuers in India, besides servicing overseas clients in South East Asia and Hong Kong.

• It is servicing 270 funds of 157 asset managers in India as on January 31, 2022, representing 32% market share based on number of AIFs being serviced.
• It is one of the two operating central record keeping agencies (“CRAs”) for the National Pension System (“NPS”) in India as on January 31, 2022.
• As on January 31, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds and private retirement schemes as specified in the CRISIL Report, it is servicing 16 AMC clients in Malaysia in addition to three clients in Philippines and Hong Kong as on January 31, 2022. In addition, it has signed on two new AMCs in Malaysia and one AMC in Singapore that are yet to launch operations as on January 31, 2022.
• It is the largest issuer solutions provider in India based on number of clients serviced, as on January 31, 2022. It is one of only two players of scale in India’s issuer solutions space where we hold a 43% market share based on the market capitalization of NSE 500 companies and a 34% market share based on number of clients serviced within NSE 500 companies, each as on January 31, 2022. Player of scale corresponds to entities with minimum 25% market share (in terms of serviced clients) within NSE 500 companies in the Indian issuer solutions space. It also had a 40% market share based on number of mainboard initial public offerings handled in nine months ended December 31, 2021.

For more information, click www.kfintech.com

Objects of the IPO
This is only an offer for sale by the selling shareholders

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