The company serves as a registrar and trading agent (RTA) for fund houses and is one of the largest registrars in India.
It classifies its products and services in the following manner: [Revenue share in % for FY22]
- Investor Solutions - (Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping). [78.15%]
- Issuer solutions - (Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault). [11.6%]
- Global business - Domestic mutual services (Mortgage Services Legal Services Transfer Agency Finance and Accounting). [6.6%]
It is one of only two players of scale in India’s issuer solutions space where it holds a 46% market share based on the market capitalization of NSE 500 companies and a 37% market share based on the number of clients serviced within NSE 500 companies.
It also had a 40% and 29% market share based on the number of mainboard IPOs handled in Fiscal 2022 and six months ended September 30, 2022, respectively.
It is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, AIFs, wealth managers, and pension as well as corporate issuers.
It serves 301 funds of 192 asset managers in India (30% market share based on the number of AIFs being serviced).
It is one of the three operating central record-keeping agencies for the National Pension System in India.
Global footprintAs on June 30, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds, and private retirement schemes It services 18 AMCs in Malaysia in addition to 3 clients in the Philippines and Hong Kong as on September 30, 2022.
Objective of the offerThe selling shareholder will get all the proceeds and the company will not receive any money from the offer.
Financial Snapshot (₹ Crores)
|Period Ended||Total revenue||EBIDTA||PAT||EPS||Total Assets|
|September 30, 2022||353.76||138.50||85.34||5.09||1114.81|
|March 31, 2022||645.56||293.91||148.55||9.44||1026.41|
|March 31, 2021||486.2||217.45||-64.51||-4.28||922.61|
|March 31, 2020||455.26||164.02||4.52||0.28||868.38|
|Issue Period||19th December to 21st December 2022|
|Finalization of Allotment||26th December 2022|
|Initiation of Refunds||27th December 2022|
|Credit of Shares||28th December 2022|
|Date of Listing||29th December 2022|
|Mandate end date||5th January 2023|
|Anchor Investors Lock-In End Date||20th January 2023|
How do I apply to the KFin Technologies Limited IPO?You can apply for the KFin Technologies Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
Where do I check the allotment status for KFin Technologies Limited IPO?You can check the allotment status for the KFin Technologies Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.