KFin Technologies Limited raises ₹ 675 crore from 44 anchor investors at the upper price band of ₹ 366 per equity share.
KFin Technologies Ltd, has allotted 18,442,623 equity shares to 44 anchor investors and raised ₹ 675 crore ahead of company’s proposed IPO, the upper price band of ₹ 366 per equity share (including premium of ₹ 356 per equity shares) with face value of ₹ 10 per share.
Out of the total allocation of 18,442,623 equity shares to the Anchor Investors, 6,967,120 equity shares (i.e. 37.78% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 17 schemes.
Price band of issue is ₹ 347 – ₹ 366 per share. Minimum bid quantity is 40 shares and in multiple thereof
ICICI Securities Limited, Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, IIFL Securities Limited and Jefferies India Private Limited are the Book Running Lead Managers to the Offer.
The anchor investor included marquee domestic funds such as Goldman Sachs Funds; Nippon Life India Fund, IIFL Private Equity Fund, Canara Robeco MF, Axis MF, ICICI Prudential Life Insurance etc and foreign funds such as Goldman Sachs (Singapore) PTE, Morgan Stanley Asia (Singapore) PTE, Copthall Mauritius Investment Limited, Pinebridge Global Funds and Pari Washinton India Master Fund Ltd.
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