News Update

KFin Technologies’ IPO lists at 1% premium, despite weak market sentiment

• ByStartupStory     |    December 29, 2022

KFin Technologies’ shares debuted on the stock market at a 0.82% premium to the issue price of 366 per share.

On Thursday, the tech-driven financial services platform managed to overcome market volatility and list at a 3 per share premium.

According to Bombay Stock Exchange (BSE) data, KFin Technologies’ market capitalisation is currently Rs 6,183 crore.

The company raised Rs. 1,500 crore through a complete offer-for-sale by one of the promoters, General Atlantic Singapore Fund, who will receive the entire amount. The IPO will not generate any revenue for the company.

KFin Technologies is the largest provider of investor solutions to Indian mutual funds. It serves 24 of the 41 AMCs in India, accounting for 59% of the market.

 

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