Incorporated in 2017 KFin Technologies Limited, formerly known as Karvy Fintech, is a leading technology driven financial services platform that provides comprehensive services and solutions to the capital markets ecosystem.
The company serves as registrar and trading agent (RTA) for fund houses and is one of the largest registrars in India.
It classifies its products and services in the following manner: [Revenue share in % for FY22]
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Investor solutions - (Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping). [78.15%]
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Issuer solutions - (Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault). [11.6%]
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Global business - Domestic mutual services (Mortgage Services Legal Services Transfer Agency Finance and Accounting). [6.6%]
Note: all facts and figures are true as on 30th September 2022, unless mentioned otherwise.
It is India’s largest investor solutions provider to Indian mutual funds (24 out of 41 AMCs in India). It has signed on 2 new AMCs that are yet to launch operations and has acquired Hexagram, thus serving 6 AMCs in India on fund accounting.
It is one of only two players of scale in India’s issuer solutions space where it holds a 46% market share based on the market capitalization of NSE 500 companies and a 37% market share based on the number of clients serviced within NSE 500 companies.
It also had a 40% and 29% market share based on the number of mainboard IPOs handled in Fiscal 2022 and six months ended September 30, 2022, respectively.
It is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, AIFs, wealth managers and pension as well as corporate issuers.
It serves 301 funds of 192 asset managers in India (30% market share based on the number of AIFs being serviced).
It is one of the three operating central record keeping agencies for the National Pension System in India.
Global footprint
As on June 30, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds and private retirement schemes It services 18 AMCs in Malaysia in addition to 3 clients in Philippines and Hong Kong as on September 30, 2022.
Objective of the offer
The selling shareholder will get all the proceeds and the company will not receive any money from the offer.
Financial Snapshot (Rs in Cr)
| Period Ended | Total revenue | EBIDTA | PAT | EPS | Total Assets |
|---|---|---|---|---|---|
| September 30, 2022 | 353.76 | 138.50 | 85.34 | 5.09 | 1114.81 |
| March 31, 2022 | 645.56 | 293.91 | 148.55 | 9.44 | 1026.41 |
| March 31, 2021 | 486.2 | 217.45 | -64.51 | -4.28 | 922.61 |
| March 31, 2020 | 455.26 | 164.02 | 4.52 | 0.28 | 868.38 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 19th December - 21st December 2022 |
|---|---|
| Price Band | ₹ 347-366 |
| Minimum Bid Quantity | 40 and multiples thereof |
| Face Value | ₹ 10 |
| Number of Shares | 40,983,607 shares |
| Issue size | ₹ 1500 Cr |
| Date of Allotment | 26th December, 2022 |
| Initiation of Refund | 27th December, 2022 |
| Credit of shares | 28th December, 2022 |
| Date of Listing | 29th December, 2022 |
| Mandate end date | 5th January, 2023 |
| Anchor Investors Lock-in End Date | 21st January, 2023 |
How do I apply for KFin Technologies Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for KFin Technologies Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.