KFin Technologies' downsized initial public offering (IPO) will hit the market on December 19. The company considered launching a Rs 2,400-crore IPO, but now has reduced the issue size to Rs 1,500 crore for market conditions.
The IPO is an offer for sale by General Atlantic Singapore Fund PTE and it will close on December 21.
The IPO is priced between Rs 347 to Rs 366 per share. Bids can be made for a minimum of 40 shares and in multiples of 40 thereafter. ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities and Jefferies are the IPO’s