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KFin Technologies IPO subscribed 0.5 times on first day of the issue

KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions

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The institutional investor portion was subscribed by 0.9 times, the wealthy investor part by 0.01 times, and the retail investor portion by 0.26 times.

BS Reporter Mumbai
The initial public offering (IPO) of KFin Technologies was subscribed 0.5 times on the first day of the issue.
 
The institutional investor portion was subscribed by 0.9 times, the wealthy investor part by 0.01 times, and the retail investor portion by 0.26 times. The company has allotted Rs 675 crore to 44 anchor investors.
 
KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions.
 
KFin’s IPO is an offer for sale by General Atlantic Singapore Fund PTE. The IPO will close on

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