Home / Markets / IPO / KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions

Premium

As of September 30, KFin was India’s largest investor solutions provider to mutual funds based on the number of clients serviced.

BS Reporter Mumbai

2 min read Last Updated : Dec 21 2022 | 11:13 PM IST

The initial public offering (IPO) of KFin technologies was subscribed to 2.6 times on Wednesday, the concluding day of the issue. The institutional investors subscribed 4.2 times, the high net worth individuals portion subscribed 23 per cent and the retail investor portion by 1.3 times.

The company had earlier allotted Rs 675 crore to 44 anchor investors. KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions.

The IPO was an offer for sale by General Atlantic Singapore Fund PTE. KFin had priced the IPO between Rs

Topics : IPOs Institutional investors Investors asset management companies

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in