KFin Technologies IPO subscription status day 1: Issue booked 55%; QIB quota saw maximum traction
The Rs 1,500-crore IPO on first day received bids for 1,29,84,840 shares against 2,37,75,215 shares on offer, the NSE data showed.
KFin Technologies IPO subscription status: KFin Technologies’ initial public offer (IPO) was subscribed 55 per cent on the first day of its offer on Monday. The three-day initial share-sale that began today will be active till December 21, 2021.
The Rs 1,500-crore IPO on first day received bids for 1,29,84,840 shares against 2,37,75,215 shares on offer, the NSE data showed.
The category meant for Qualified Institutional Buyers (QIBs) got 91 per cent subscription, while Retail Individual Investors (RIIs) portion was subscribed 26 per cent and non-institutional investors 1 per cent.
Also Read: KFintech IPO review by Anil Singhvi: Subscribe or Avoid? Check recommendation
The company's IPO is a pure Offer For Sale (OFS) and has a price range of Rs 347-366 a share. The financial services platform KFin Technologies has raised Rs 675 crore from anchor investors.
KFin Technologies is majority-owned by funds managed by private equity investor General Atlantic. Kotak Mahindra Bank Limited also owns a 9.98 per cent stake in KFintech, which it acquired in 2021.
KFintech is an investor and issuer solutions provider, serving asset managers such as mutual funds, Alternative Investment Funds (AIFs), wealth managers, pension funds and corporate issuers, as well as international clients in Southeast Asia and Hong Kong.
Also Watch: KFin Technologies IPO Opens Today -Check Price Band and Other Details Here
It is the country's largest investor solutions provider to Indian mutual funds based on the number of Asset Management Company (AMC) clients serviced as of September 2022.
ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities and Jefferies India are the managers to the offer.
With PTI Inputs
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Mid Cap Mutual Funds With Highest SIP Returns in 3 Years: No. 1 fund has turned Rs 21,000 monthly SIP into Rs 14.88 lakh; here's how others have done
Stocks to Buy for Long Term: 1 smallcap, 3 midcap, 8 largecap stocks analysts are upbeat about; check out targets for your portfolio
FD interest rates that SBI is offering to senior citizens and general citizens in its Amrit Vrishti, 1-, 3-, and 5-year guaranteed return schemes
Gratuity Calculator: 9 years of service and Rs 50,000 as last-drawn basic salary; what will be your gratuity; see details
08:37 PM IST