After tepid debut, KFin Technologies close at Rs 363

29 Dec 2022 , 03:43 PM

After the IPO closed last week for subscription, KFin Technologies Limited makes a muted debut on bourses on Thursday, December 29. The company listed at Rs 369 on BSE and at Rs 367 on NSE over the issue price of Rs 366 apiece. At the day end, the shares of the company closed at Rs 363.85 on NSE and Rs 365 on BSE. 

The company is a leading technology-driven financial services platform. Its issue had also received an average response from investors on both the non-institutional and retail sides. 

KFin Technologies IPO was entirely an offer-for-sale which aimed to raise Rs 1,500 crore. It provides transaction origination and processing for mutual funds and private retirement schemes. Ahead of the IPO subscription, KFintech has raised Rs 675 crore from anchor investors at the upper price band of Rs 366 per share. 44 anchor investors invested in the company for 1.84 crore equity shares.