Kfin Tech IPO: Kfin Technologies is preparing for listing in the stock market. The company is preparing to raise Rs 2400 crore through IPO from the market. Kfin Technologies has filed a draft paper with the stock market regulator SEBI to bring the IPO.
Kfin Technologies has been the registrar of many companies that have recently brought IPO. The company’s current promoter General Atlantic Singapore Fund Pte Ltd holds 74.94 per cent stake in the company. Through Offer for Sale, Rs 2400 crore will be raised through IPO i.e. promoters will sell their stake. ICICI Securities, Kotak Mahindra Capital, JP Morgan India Pvt Ltd, IIFL Securities and Jefferies India Pvt Ltd will be the lead managers of the issue.
Looking at the company’s financial performance, for the nine months ended December 2021, Kfin Tech has earned a revenue of Rs 458.66 crore as against Rs 338.83 crore a year ago. At the same time, the net profit during this period has increased to Rs 97.70 crore from Rs 23.60 crore last year.
Kfin Tech being an investor, provides financial technology solutions across asset classes such as Mutual Funds, Insurance and Pension. Apart from India, the company is serving 19 AMC customers in Malaysia, Philippines and Hong Kong.
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