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KFIN TECHNOLOGIES LTD IPO

IPO Details

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-
40 shares
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₹ 347 – 366
₹ Up to 1500 crores

Issue timeline

  • -
  • 26-Dec-2022
  • 27-Dec-2022
  • 28-Dec-2022
  • 29-Dec-2022

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

- A leading technology driven financial services platform providing comprehensive services and solutions to the capital
markets ecosystem including asset managers and corporate issuers across asset classes in India
-  India’s largest investor solutions provider to Indian mutual funds, based on number of AMC
clients serviced as of Jan 31,2022.
-  As of Jan 31, 2022, the company is servicing 270 funds of 157 asset managers in India, representing 32% market share based on number of AIFs being serviced.

Strengths & Risks

Strengths (3)

Scaled platform with strong track record of growth and market leadership 
The company is one of the two leading investor solutions providers in India as on January 31, 2022. (Source: CRISIL Report). It is
providing services to 25 out of 42 AMCs in India, as on January 31, 2022, representing 60% of market share based on the number
of AMC clients. (Source: CRISIL Report, Source: Company DRHP)

Risks (2)

Significant disruptions in their information technology systems or breaches of data security could adversely affect  business and reputation.
Although the company has not experienced cybersecurity threats to information technology infrastructure in the past, any future threats could cause harm to business and reputation and challenge their ability to provide reliable services to clients. Further, the size and complexity of information technology systems may make systems potentially vulnerable to breakdowns.(Source: Company DRHP)

  • Scaled platform with strong track record of growth and market leadership 
    The company is one of the two leading investor solutions providers in India as on January 31, 2022. (Source: CRISIL Report). It is
    providing services to 25 out of 42 AMCs in India, as on January 31, 2022, representing 60% of market share based on the number
    of AMC clients. (Source: CRISIL Report, Source: Company DRHP)

  • It's diverse multi-asset servicing platform is well-positioned to benefit from strong growth across large markets in India andSouth East Asia
    The company operate in multiple large markets in India, Hong Kong, Malaysia and Philippines, along with presence in Oman and Maldives,across several of the asset classes. This has allowed company to grow as a regional business and not just as an India focused business. It's multi-asset servicing platform allows to serve asset managers and issuers across each of the businesses(Source: Company DRHP)

  • Deeply entrenched, long-standing client relationships with a diversified and expanding client base
    The company has 98.16% and 96.20% logo retention in issuer solutions business over Fiscal 2021 and nine months ended December 31, 2021, respectively. (Source: Company DRHP)

  • Significant disruptions in their information technology systems or breaches of data security could adversely affect  business and reputation.
    Although the company has not experienced cybersecurity threats to information technology infrastructure in the past, any future threats could cause harm to business and reputation and challenge their ability to provide reliable services to clients. Further, the size and complexity of information technology systems may make systems potentially vulnerable to breakdowns.(Source: Company DRHP)

  • The company's future revenue and profit are significantly dependent on the growth, value and composition of AAUM of the mutual funds managed by it's clients, which may decline. .
    A substantial portion of the fees that company charges it's  mutual fund clients is calculated and charged on basis points of the AAUM of the funds serviced . The fee structure therefore is not directly linked to expenses and company may incur costs that it may be unable to pass on to it's clients.(Source: Company DRHP)

Financials

Net Worth
Total Income
Total Borrowings
Profit/Loss after tax
Basic Earning per Share (EPS)

Industry Overview

- Capital markets to remain attractive part of financial savings : Between Fiscal 2014 and Fiscal 2021, the net financial savings increased at a CAGR of approximately 15.7% as compared to approximately 5.4% for saving in physical assets between the same period. This led to a decline in household savings in physical assets from 62% in Fiscal 2014 to 47% in Fiscal 2021.The rise in financial assets is expected to further boost the financial investments under mutual funds (“MFs”), equity, pension schemes, insurance and alternate assets
- Indian mutual fund market is underpenetrated compared to other economies :  India’s mutual fund penetration (AUM-to-GDP) is significantly lower at 15% compared to the world average of 75%; and lower than many developed economies such as the U.S. at 140% and the United Kingdom (“U.K.”) at 78%. In Southeast Asian countries and Hong Kong, Singapore has the highest mutual fund penetration of 180% whereas Indonesia and Philippines have the lowest mutual fund penetration of 4% and 2%, respectively at end of calendar year 2020.(Source: Company DRHP)

vishal-mega-mart IPO

KFin Technologies Ltd IPO

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40 shares

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

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*The financials mentioned above are sourced from DRHP/ RHP documents.

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