KFin Tech IPO: Company raises Rs 675 crore from anchor investors

19 Dec 2022 , 03:55 PM

According to the circular filed by KFin Technology on BSE, the company has raised Rs 675 crore from anchor investors ahead of the initial public offer (IPO). The company has allocated 1.84 crore shares to various funds at the price of Rs 366 per share.

A total of 44 investors has invested in the company via anchor book. These investors include Goldman Sachs Funds, Carmignac Portfolio, Aberdeen Standard SICAV, Pinebridge Global Funds, Pari Washington India Master Fund, Citigroup Global Markets Mauritius, Morgan Stanley, and Copthall Mauritius Investment. 

Among mutual funds and trusts, ICICI Prudential Life Insurance, Nuvama Private Investments Trust, Edelweiss Trusteeship, UTI MF, Canara Robeco MF, Motilal Oswal MF, Sundaram MF, Aditya Birla Sun Life Insurance, Bajaj Allianze Life Insurance, Ashoka India Equity Investment Trust, IIFL Special Opportunities Fund, Nippon Life India, Axis Mutual Fund, Mirae Mutual Fund, and Elara India Opportunities Fund also invested in the company via anchor book.

KFin Technologies’ public offer is totally an offer for sale (OFS) by its existing promoter General Atlantic Singapore Fund Pte Ltd. The company aims to raise Rs 1500 crore through IPO.

The issue is opening for subscription from December 19-21. The company is offering its share at a price of Rs 347-366 apiece. 

ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Capital Services, and Jefferies India are the book running lead managers to the issue.

The company will list on stock market on December 29.