KFin Technologies trades sluggish after a flat debut

29 Dec 2022 , 02:46 AM

KFin Technologies’ shares made a lacklustre debut on the bourses on Thursday, trading at Rs369 on the BSE, equal to the issue price of Rs 366. The stock was listed on the NSE at Rs367, a 0.27% increase over the issue price.

The IPO had a price range of Rs347-366 per share.

At around 2.40 PM, KFin Technologies’ shares were trading at Rs365, down by 0.27% against its issue price.

The counter managed to touch an intraday high of Rs372.40 in today’s trade.

After a slump start, the shares remained more on the downside throughout the day.

KFin Technologies, founded in 2017, is a leading technology-driven financial services platform that offers comprehensive services and solutions to the capital markets ecosystem. It offers several investor solutions in Malaysia, the Philippines, and Hong Kong, including transaction origination and processing for mutual funds and private retirement schemes.

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