Kfin Technologies IPO: All you need to know

14 Dec 2022 , 10:02 AM

Kfin Technologies to launch its initial public offer (IPO) to raise Rs 1500 crore. The issue will be opening from December 19 to December 21. Investors who want to invest in the IPO can bid for 40 shares in a lot at an issue price of Rs 347-366 apiece. The issue is expected to list on BSE and NSE on December 29.

The issue is entirely an offer for sale by its promoter General Atlantic Singapore Fund. Hence, the company will not receive any proceeds from the issue.

Kfin Technologies has reserved 75% of the issue for QIB, 15% of the offer is reserved for NII and rest 10% is reserved for the retail investors. The anchor book of the offer will open on December 16 for a day.

ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Capital Services, and Jefferies India are the book running lead managers (BRLM) to the issue. Bigshare Services is the registrar. 

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