KFin Technologies
Mainboard₹1,500 Cr issue
+0.82%
Listing gain over issue price
Issue size
₹1,500 Cr
1 lot at cut-off
₹14,640
Lot size
40shares
Open
19 Dec 2022
Close
21 Dec 2022
Allotment
26 Dec 2022
Listing
29 Dec 2022
Listing performance
Issue price
₹366
Listed at
₹369
Listing-day close
₹364
Latest price
₹799
Close on 23 Oct 2026
Listing gain
+0.82%
Return since issue
+118.31%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 19 Dec 2022 – 21 Dec 2022
- Listing date
- 29 Dec 2022
- Face value
- ₹10 per share
- Issue price
- ₹366 per share
- Lot size
- 40 shares
- Total issue size
- ₹1,500 Cr
- Market cap at offer price
- ₹6,133 Cr
- Promoter holding
- 74.37% → 49.91% pre-issue → post-issue
- ISIN
- INE138Y01010
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- ICICI Securities Ltd.
- Registered office
- Selenium, Tower B, Plot No-31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Telangana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,84,42,623 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 40 shares per lot, in multiples, at ₹366
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹14,640 |
| Retail (max) | 13 | 520 | ₹1,90,320 |
| S-HNI (min) | 14 | 560 | ₹2,04,960 |
| S-HNI (max) | 68 | 2,720 | ₹9,95,520 |
| B-HNI (min) | 69 | 2,760 | ₹10,10,160 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,84,42,623
Anchor portion
₹675 Cr
at ₹366 per share
Valuation and performance
Valuation at offer price
₹366 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.44 | — |
| P/E (×) | 38.77 | — |
| Market cap | — | ₹6,133 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 29.99%
- PAT margin
- 23.00%
- NAV per share
- ₹38.45
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About KFin Technologies
KFin Technologies Limited was originally incorporated as 'KCPL Advisory Services Private Limited' on June 8, 2017, and subsequently changed its name to 'Karvy Fintech Private Limited' in August 2017. Through a Scheme of Amalgamation with Karvy Consultants Limited and Karvy Computershare Private Limited effective November 17, 2018, the company acquired the RTA (registrar and share transfer agent) business. The company changed its name to 'KFin Technologies Private Limited' in December 2019 and converted to a public limited company in February 2022. The company is registered as a SEBI-regulated RTA and PFRDA-registered CRA. It provides comprehensive services and solutions to the capital markets ecosystem including investor solutions for mutual funds, private retirement schemes in Southeast Asia, and issuer solutions. The company derives approximately 60.79% of its revenue from mutual fund clients based on AAUM (average assets under management).
Company Analysis
from RHPKFin Technologies Limited is a leading technology-driven financial services platform providing comprehensive investor solutions and transaction processing services to the capital markets ecosystem including mutual funds, asset managers, and corporate issuers across India and Southeast Asia.
KFin Technologies Limited was originally incorporated as 'KCPL Advisory Services Private Limited' on June 8, 2017, and subsequently changed its name to 'Karvy Fintech Private Limited' in August 2017. Through a Scheme of Amalgamation with Karvy Consultants Limited and Karvy Computershare Private Limited effective November 17, 2018, the company acquired the RTA (registrar and share transfer agent) business. The company changed its name to 'KFin Technologies Private Limited' in December 2019 and converted to a public limited company in February 2022. The company is registered as a SEBI-regulated RTA and PFRDA-registered CRA. It provides comprehensive services and solutions to the capital markets ecosystem including investor solutions for mutual funds, private retirement schemes in Southeast Asia, and issuer solutions. The company derives approximately 60.79% of its revenue from mutual fund clients based on AAUM (average assets under management).
financial servicescapital marketsmutual fundsinvestor solutionsregistrar and share transfer servicesprivate retirement schemes
Objects of the Issue
- Carry out the Offer for Sale of equity shares by the Promoter Selling Shareholder ₹15,000 million p.23
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges p.23
- No proceeds to the Company - Offer for Sale by Promoter Selling Shareholder only ₹15,000 million (0 to Company) p.64
- Offer for Sale of Equity Shares by Promoter Selling Shareholder to achieve benefits of listing ₹15,000 million (subject to finalization of basis of allotment) p.125
- Not stated in this document section - this is Part 5 of 12 of the DRHP and does not contain the 'Objects of the Issue' section
- Not found in this document section - This is Part 9 of 12 focused on financial analysis and does not contain the Objects of Issue section
- Offer for Sale ₹15,000 million p.461
Issue Structure
- Total Issue
- ₹15,000 million
- Fresh Issue
- NIL
- Offer for Sale
- ₹15,000 million (40,983,606 Equity Shares by General Atlantic Singapore Fund Pte. Ltd.)
- Price Band
- ₹347 per Equity Share (Floor Price) to ₹366 per Equity Share (Cap Price)
- Lot Size
- 40 Equity Shares (Bid Lot)
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue primarily through fees calculated on basis points of the average assets under management (AAUM) of funds serviced, with higher fees for equity funds than debt funds. It also generates revenue from issuer solutions services related to corporate issuers. Revenue from AAUM from mutual fund clients represented 64.83% of revenue from operations for the six months ended September 30, 2022. The company charges different fees across different asset classes and operates on a variable cost structure tied to AAUM rather than fixed expenses.
Business Segments
Provides registrar and transfer agent services, investor solutions including transaction origination and processing for mutual funds in India
Provides services to corporate issuers
Provides transaction origination and processing services for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong
Provides KYC onboarding, applications processing, online transacting using mobile applications and portals, statement viewing, transaction support (sales and redemption), agent onboarding, commission management, statistical reporting, tax statements, and value-added services; offered both domestically and internationally
Supports corporate actions, fund administration, compliance reporting, and issuer-related services for asset managers and listed companies; subject to seasonal fluctuations as clients generally take corporate actions in August or September
Provides registry, transfer agency, and finance and accounting operations to clients in international jurisdictions including US, UK, Australia, Canada, Malaysia, Philippines, Hong Kong, Oman, and Maldives
Provides registry and transfer agent services to domestic asset management companies for their mutual fund operations, handling AAUM servicing, folio management, transaction processing, and SIP operations
Provides fund administration and registry services for international asset managers in South East Asia and Hong Kong, including alternative investment funds (AIFs), wealth management, and pension services
Acts as a Central Record-keeper Agency (CRA) for the National Pension System (NPS), maintaining records of pension subscribers and facilitating pension account management and transactions
Provides fund administration services for alternative investment funds and wealth management platforms, including the management of AAUM and fund accounting services
Provides corporate share registry services and related solutions to corporate issuers, including folio management, shareholding verification, dividend processing, corporate action management, and IPO services
Provides outsourced transaction processing, business process outsourcing, and technology services to financial services clients, including transaction reconciliation, post-trade processing, and fund accounting services
Provides end-to-end transfer agency services to investors and distributors of mutual funds, including front office support (application scrutiny, KYC, physical form processing), back office support (unit allotment, reconciliation, dividend payouts), and value-added services including data analytics and distribution platforms.
Offers localized transfer agency and fund administration services to global asset managers across Malaysia, Philippines, Hong Kong, Oman, and Maldives, serving mutual funds, employee provident funds, and private retirement schemes with digital platforms.
Operates as one of three CRAs for India's National Pension System, providing permanent retirement account number issuance, recordkeeping, administration, and investor support services to corporate clients and state governments.
Provides transfer agency, fund accounting, stamp duty, legal and tax compliance, and technology solutions for alternative investment funds and wealth managers, serving private equity, venture capital, and wealth management clients.
Provides registry services to listed and unlisted companies including new issue services (IPO support), post-issue services (dividend processing, AGM/EGM services), and technology solutions (e-voting, virtual registry, insider trading compliance platforms).
Provides outsourced business process services including mortgage servicing, legal services, transfer agency, and finance and accounting operations primarily for Computershare's U.S. operations.
Provides registrar to an issue and share transfer agent services for mutual fund units, technology capabilities, operating leverage, and market knowledge
Provides services related to payment structures, setup costs, and customized options for alternative investment funds and wealth management
Provides technological infrastructure, curated solutions, and on-demand support for corporate issuers
Registrar to Public Issue of Securities and Registrar to Securities Transfers services
Back office operations to mutual fund houses
Income from pension fund solutions representing services which are recognised as per the terms of the contract with customers, when such related services are rendered
Data processing activities with revenue recognized based on services rendered either on time cost basis or basis of number of enumerations processed
Provides registrar and transfer agent services to mutual funds, alternative investment funds, corporate issuers, and international investor solutions in Malaysia, Philippines and Hong Kong
Offers data processing and related services
Provides central record-keeping agency services for the National Pension System (NPS) and pension fund solutions in overseas markets
Registrar and share transfer agent services for mutual funds and issuers
Data processing and analytics services
Pension administration and recordkeeping services as a central recordkeeping agency
Services of a registrar to an issue of securities or of a share transfer agent, and back office functions in relation thereto
Transfer agency and fund accounting services to the asset management industry (including mutual funds, alternate investment funds and insurance companies) and compliance, back office operations and data processing and analytics activities
Central recordkeeping agency services for the pension industry
SWOT Analysis
Strengths
- • Leading market position in domestic mutual fund RTA services with 59% client market share(p.37)
- • Strong revenue growth trajectory, nearly 42% increase from FY2020 to FY2022(p.37)
- • Established technology-driven platform providing comprehensive capital markets solutions across multiple geographies(p.31)
- • Growing market share in equity AAUM managed by clients from 29% in FY2020 to 35% by September 2022(p.37)
- • Expansion of overall AAUM market share from 25% in FY2020 to 32% by September 2022(p.37)
- • India's largest investor solutions provider to mutual funds by AMC client count(p.139)
- • Dominant market share in domestic mutual fund AAUM and equity AAUM(p.139)
- • Unique multi-asset class platform with issuer solutions and diverse revenue streams(p.139)
- • Largest issuer solutions provider by number of clients(p.139)
- • Strong net revenue retention from existing clients(p.140)
- • In-house built scalable technology platform(p.140)
- • Market-leading position in Indian mutual fund investor solutions(p.225)
- • Dominant issuer solutions market share by market cap(p.225)
- • Significant AUM growth trajectory and SIP market share gains(p.225)
- • Strong track record of new client wins in domestic mutual funds(p.225)
- • Only integrated investor and issuer solutions provider in India(p.221)
- • Exceptional client retention with 100% logo retention in domestic mutual funds(p.231)
- • High operating leverage with strong net revenue retention(p.232)
- • Proprietary technology platform with high transaction processing scale(p.222)
- • Highly competitive positioning across multiple business lines with differentiated capabilities(p.249)
- • Comprehensive insurance coverage and risk management framework(p.249)
- • Established workforce with diverse expertise across multiple functions and geographies(p.250)
- • Comprehensive people-centric policies to attract and retain talent(p.250)
- • Established business with significant scale in registry and related services(p.317)
- • Strong financial performance with growing profitability(p.313)
- • Diversified service offerings across multiple segments(p.317)
- • Presence in international markets through subsidiaries(p.310)
- • Largest investor solutions provider to Indian mutual funds with 59% market share by AMC clients(p.389)
- • Unique position as only provider offering services to both asset managers and corporate issuers across India and Southeast Asia(p.389)
- • Leading market position in issuer solutions with 46% market share among NSE 500 companies(p.390)
- • Strong gross margin improvement from 51.44% in Fiscal 2020 to 61.46% in Fiscal 2022(p.390)
- • High recurring revenue base of 97.64% and 99.30% in Fiscal 2022 and six months ended September 30, 2022(p.391)
- • Strong net revenue retention rates in core businesses (112.62% in domestic mutual funds for H1 FY2023)(p.391)
- • Operating EBITDA margin grew 36.07% CAGR from Fiscal 2020 to Fiscal 2022(p.390)
- • Strong free cash flow generation of ₹1,758.73 million in Fiscal 2022(p.390)
- • Technology-driven platform handling massive transaction volumes with proprietary systems built for scale(p.392)
- • Operating leverage through technology investments driving significant cost efficiencies(p.392)
- • High-margin value-added products and services requiring less manpower with revenue growth of 117.57%(p.393)
- • Diversified portfolio across multiple business segments including high-growth newer offerings(p.392)
Weaknesses
- • High customer concentration with top 5 customers representing 50.82% of H1 FY2023 revenue(p.38)
- • Heavy dependence on mutual fund revenue representing 60.79% of revenue over FY2020-FY2022 period(p.33)
- • Significant outstanding litigation against company and subsidiaries with ₹34.85 million in aggregate claims(p.35)
- • Material contingent liabilities of ₹93.53 million as of September 30, 2022 including customer claims, tax and GST matters(p.26)
- • 14.12% of equity held by CP Group members subject to ED attachment and non-disposal orders(p.31)
- • Customer claims for errors and omissions totaling ₹58.68 million in H1 FY2023(p.39)
- • Geographic concentration of technology infrastructure in Southern India exposes operations to regional disruptions(p.44)
- • Majority of workforce concentrated in back offices dependent on geographically concentrated facilities(p.44)
- • Reliance on third-party data center providers with limited control over operations(p.44)
- • Limited control over third-party data center operations and vulnerability to facility disruptions(p.44)
- • High employee attrition rate of 28.3% in H1 FY2023 creates retention challenges(p.48)
- • 14.12% of equity shares held by CP Group members are subject to encumbrances that could impact stock price if enforced(p.48)
- • Incomplete disclosure of Group Company information due to non-cooperation from related parties(p.49)
- • 167 of 182 branch leases are unregistered, creating enforcement and title uncertainty(p.57)
- • Trade receivables of ₹1,419.61 million expose company to credit risk from customer payment delays(p.57)
- • PAT margin improvement in FY2022 driven by non-recurring events not indicative of future growth(p.53)
- • Promoter will retain 73.41% of equity shares and dominant control after IPO(p.63)
- • Company has had negative cash flows from investing and financing activities in recent periods(p.64)
- • Company received investor complaints and grievances post-DRHP filing(p.62)
- • Related group company KSBL subject to ongoing SEBI investigations and enforcement actions(p.62)
- • Company issued equity shares in past 12 months at prices potentially below IPO price(p.70)
- • Significant shareholding subject to ED attachment orders(p.105)
- • Key shareholder litigation and enforcement investigation exposure(p.31)
- • High concentration of business with mutual fund clients(p.130)
- • Revenue growth sensitivity to AAUM fluctuations(p.130)
- • Heavy customer concentration in domestic mutual fund business(p.231)
- • Dependence on single major global business services client(p.234)
- • Global business services growth constraint and low margins(p.227)
- • Relatively small presence in high-growth international markets(p.225)
- • High employee attrition rate which has fluctuated significantly across years(p.250)
- • Reliance on leased premises with renewal risk(p.250)
- • Subject to significant litigation and regulatory enforcement action affecting shareholding(p.264)
- • Dependent on contract labor which can be terminated with short notice(p.250)
- • Historical issue with goodwill amortization inconsistent with accounting standards(p.305)
- • Past client share misappropriation incident requiring provision and recovery proceedings(p.305)
- • Material litigation exposure affecting shareholder rights(p.348)
- • Recent acquisition integration risks(p.310)
- • Significant dependence on three major customers representing substantial portion of revenue(p.359)
- • Goodwill and intangible assets represent significant portion of total assets (₹5,434.31 million of ₹11,148.08 million total assets)(p.351)
- • Redeemable preference shares with increasing dividend rates and redemption obligation of ₹1,262.35 million due after October 25, 2023(p.351)
- • Contingent liability of ₹58.68 million from customer claims not acknowledged as debts(p.357)
- • Historical loss position in Fiscal 2021 with loss of ₹645.07 million due to tax impact from goodwill depreciation rule change(p.355)
- • Significant dependence on a small number of major customers for revenue(p.38)
- • Exposure to potential claims and litigation from past client relating to share transfer issues(p.416)
- • Outstanding criminal proceedings transferred from predecessor entities involving fraud allegations(p.424)
- • Regulatory restrictions on promoter shareholding due to PMLA attachment orders(p.425)
Opportunities
- • Indian mutual fund industry showing healthy growth trajectory with expanding domestic economy and rising investor participation(p.23)
- • Global alternative asset management expected to nearly double from $13.3 trillion to $23.2 trillion by FY2026(p.23)
- • Southeast Asian mutual fund industry growth driven by large, growing population and increasing affluence(p.23)
- • Wealth management industry showing robust growth from household savings entering organized financial assets(p.23)
- • Equity portfolio management services industry experiencing significant growth with increasing HNI base(p.23)
- • Estimated investor solutions market in India valued at ₹14-15 billion in Fiscal 2022 with growth potential(p.23)
- • Pursue strategic acquisitions to expand platform and drive accelerated growth(p.54)
- • Develop and monetize in-house software platform products and value-added services(p.54)
- • Expand investor solutions business internationally across multiple jurisdictions(p.53)
- • Develop mobile applications and adapt to technological changes to meet evolving client demands(p.54)
- • Expansion in international investor solutions markets(p.139)
- • Growing NPS and pension services vertical(p.139)
- • Expansion of VAS and platform products revenue(p.140)
- • New client addition across AIFs and alternatives(p.139)
- • Growing issuer solutions penetration within NSE 500 companies(p.140)
- • Substantial growth in Indian mutual fund industry AUM(p.228)
- • High growth trajectory for alternative investment funds(p.228)
- • Rapid expansion of wealth management market in India(p.228)
- • Strategic expansion into South East Asian markets(p.235)
- • Cross-selling and up-selling of value-added services platform(p.234)
- • Fund accounting and reconciliation services expansion opportunity(p.228)
- • Increasing NPS subscriber base and revenue pool expansion(p.242)
- • Growth in financial services intermediation and technology-enabled services(p.260)
- • Expansion into international financial services and IFSC opportunities(p.271)
- • Growing demand for account aggregation and fintech services(p.269)
- • Potential to expand software development and technology services through acquisitions(p.270)
- • Expansion into IFSC financial services hub(p.310)
- • Growth in mutual fund back-office operations(p.317)
- • International market expansion through existing subsidiaries(p.318)
- • Development of internally developed software products(p.339)
- • Expansion into fund accounting and reconciliation products through Hexagram acquisition(p.391)
- • Growing adoption of platform-as-a-service model driving higher recurring revenues(p.391)
- • Expansion of overseas operations in Malaysia, Philippines, Hong Kong and Singapore with new clients yet to launch(p.390)
- • Significant cross-selling opportunities with existing customer base(p.391)
- • Acquisition strategy to expand platform and services to acquire new clients(p.391)
- • Significant growth potential in mutual fund industry driven by high financial savings rates in India and Southeast Asia(p.392)
- • Expansion of relatively new high-growth business segments with international opportunities(p.392)
- • Growth through strategic acquisitions and market consolidation(p.392)
- • Increased digitization of offerings and value-added services to improve margins and reach(p.392)
Threats
- • Erstwhile promoters subject to ED investigations under PMLA which may adversely impact company reputation(p.31)
- • Potential for loss of revenue from mutual fund clients if AAUM declines due to market volatility or redemptions(p.34)
- • Declining mutual fund valuations from equity and debt security price fluctuations outside company control(p.34)
- • Regulatory inspections by SEBI and PFRDA with potential for penalties, restrictions or cancellation of registration(p.39)
- • Reputational damage from CP Group's alleged securities misuse and ED investigations affecting client trust(p.42)
- • Dependence on third-party IT infrastructure and disaster recovery concentrated in Southern India(p.43)
- • Exposure to catastrophic events and natural disasters that could disrupt operations and data continuity(p.43)
- • Disruptions or failures in primary and backup data center facilities could cause service outages and data loss(p.44)
- • Third-party data center facilities vulnerable to natural disasters, cyberattacks, and other disruptions(p.44)
- • COVID-19 pandemic continues to create operational and economic uncertainty(p.46)
- • COVID-19 caused AAUM decline of 13% in equity-oriented schemes and operational disruptions(p.46)
- • Intense competition in asset management industry for qualified personnel increases wage pressure(p.48)
- • Regulatory compliance failures and penalties from SEBI and PFRDA inspections(p.39)
- • SEBI imposed ₹15 million penalty for alleged insider trading violations by KCPL in 2017(p.50)
- • Consolidation in financial services industry could eliminate existing and potential clients(p.57)
- • Increased competition may result in price reductions, reduced margins and loss of market share(p.56)
- • Issuer solutions business subject to seasonality concentrated in Q2 (Aug-Sept)(p.53)
- • Mutual fund industry subject to SEBI-mandated Total Expense Ratio caps constraining fees(p.67)
- • Economic slowdown in India or specific sectors could adversely affect business performance(p.70)
- • Political instability and economic reforms may create social unrest affecting operations(p.70)
- • Global financial instability and emerging market crises could increase Indian market volatility(p.73)
- • Inflation increases in India could raise operating costs and reduce profitability(p.72)
- • Changes to Indian tax laws and regulations could impact business profitability(p.71)
- • Foreign investment restrictions under Indian law limit ability to attract foreign investors(p.74)
- • Dependence on market sentiment and AAUM volatility(p.130)
- • Enforcement Directorate attachment order impact on shareholder liquidity(p.101)
- • PAT margin may not be sustainable due to non-recurring items(p.130)
- • Risk of competition from CAMS and other players(p.132)
- • Fee compression in mutual fund investor solutions services(p.199)
- • Increasing pressure from fee-conscious AMCs and tiered pricing structures(p.199)
- • Competitive landscape and potential market share erosion(p.198)
- • Regulatory changes affecting fee structures and business models(p.216)
- • Cyclicality in capital markets and mutual fund inflows(p.225)
- • Dependence on digital transformation adoption by clients(p.199)
- • Highly competitive financial services market with multiple competitors(p.249)
- • Extensive regulatory compliance requirements applicable to financial intermediaries(p.251)
- • Stringent cyber security and data protection regulatory requirements(p.253)
- • Foreign investment restrictions and government approval requirements(p.256)
- • Regulatory enforcement action against major shareholders limiting share alienation(p.348)
- • Dependence on mutual fund industry and capital markets activity(p.317)
- • Reliance on key customer relationships as noted in financial statements complexity(p.343)
- • Complex historical accounting treatments pending full NCLT compliance(p.305)
- • Regulatory changes affecting capital markets and financial services operations(p.379)
- • Currency fluctuation risk from overseas operations in Malaysia, Philippines, Hong Kong and Singapore(p.370)
- • Concentration risk with high dependence on mutual fund and issuer solutions segments(p.359)
- • Risk from past client share transfer irregularity and potential further claims(p.379)
- • Pending regulatory matters including SEBI inquiry and income tax disputes(p.357)
- • Macroeconomic downturns in India and Southeast Asia directly impact mutual fund investment and redemptions(p.392)
- • Regulatory changes in SEBI rules affecting fee caps and service pricing(p.393)
- • Foreign exchange volatility impacting international operations revenue(p.393)
- • Seasonality in issuer solutions business affecting quarterly revenue patterns(p.53)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| General Atlantic Singapore Fund Pte. Ltd. | Promoter Selling Shareholder | 73.41% | — |
| General Atlantic Singapore KFT Pte. Ltd. | Promoter Group | 0.96% | — |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter Selling Shareholder | 73.41% | — |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter | 73.41% | 73.41% |
| General Atlantic Singapore KFT Pte. Ltd. | Promoter Group | 0.96% | 0.96% |
| General Atlantic | Ultimate owner through funds advised by General Atlantic | — | — |
| Kotak Mahindra Bank | Investor/Shareholder | — | ~10% |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter | 72.51% | — |
| General Atlantic Singapore Fund Pte Ltd | Holding Company/Promoter | 83.25% | 74.94% |
| General Atlantic Singapore KFT Pte Ltd | Subsidiary of Holding Company/Promoter Group | — | 0.96% |
| Compar Estates and Agencies Pvt Ltd | Promoter | 12.21% | 10.99% |
| General Atlantic Singapore Fund Pte Ltd | Holding Company | — | — |
| GASC MGP, LLC, Delaware | Ultimate holding company (w.e.f 17 November 2018) | — | — |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter Selling Shareholder | — | — |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter Selling Shareholder (Offer for Sale) | — | — |
| General Atlantic Singapore Fund Pte. Ltd. | Promoter Selling Shareholder | — | — |
Leadership
Venkata Satya Naga Sreekanth Nadella · Chief Executive Officer and Managing Director
Vivek Narayan Mathur · Chief Financial Officer
Deepak Balachandran · Chief Risk Officer
Alpana Uttam Kundu · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
KFin Technologies IPO FAQs
What is the lot size of KFin Technologies IPO?
The minimum lot size of KFin Technologies IPO is 40 shares. One lot costs ₹14,640 at the cut-off price.
When does KFin Technologies IPO open and close?
KFin Technologies IPO opened for subscription on 19 Dec 2022 and closed on 21 Dec 2022.
What is the listing date of KFin Technologies IPO?
KFin Technologies IPO listed on 29 Dec 2022.