The investors are buzzing with the allotment status of the KFin Technologies IPO that will be finalized today, i.e. September 21, 2024. As this Initial Public Offering stirred the finance sector with the announcement of its IPO that was opened on September 16, 2024, it became over-subscribed on the same date of its opening. Meanwhile, by the end of its bidding period, the KFin Technologies IPO signaled its remarkable entry to the market through its subscription rate. Ahead of the listing of KFin Technologies IPO, the investors are anticipating its GMP as they are looking forward to capitalizing on the technology-driven financial services’ increasing demand. As many are keenly seeking the details of its date, price range, and other imperative details including how to check the allotment status, we have shared all the essential details.
KFin Technologies Limited Company’s Details
KFin Technologies Ltd is a well-known company in the field of financial services. KFin Technologies was founded in 2007 and it has established itself as a leading technology-driven financial services company in India. It provides comprehensive solutions to asset managers such as alternative investment funds (AIFs) and mutual funds. Notably, KFin Technologies is one of the three operating central record-keeping agencies for the National Pension System (NPS) in India. This company has not only limited itself to Indian territories but also provides investor solutions for private retirement schemes and mutual funds in countries like Malaysia, the Philippines, and Hong Kong.
Recently, it announced its IPO to be issued in 2022. According to the reports, the IPO of KFin Technologies Ltd will be available for subscription from December 19, 2022, to December 21, 2022. It is said that the price band of its share for bidding is set at the minimum price of Rs 347 and the maximum price of Rs 366. The KFin Technologies Ltd IPO book issue comes to raise Rs 2400 Crore through OFS (offer for sale) of equity shares.
- IPO Open Date: December 19, 2022
- IPO Close Date: December 21, 2022
- Allotment Date: December 26, 2022
- Listing Date: December 29, 2022
- Price Range: ₹347 to ₹366 per share
- IPO Lot Size: 40 shares
- Total Issue Size: ₹2,400 crores
- Listing Exchanges: BSE and NSE
KFin Technologies IPO Subscription Overview
The subscription rate of an IPO suggests the market trend and interest of investors toward it. The higher is subscription rate, the higher is interest and demand among the investors. On the first day of subscription, December 19, it was subscribed 0.55 times with Qualified Institutional Buyers (QIBs) subscribing 0.91x and retail investors at only 0.26x. By the end of the bidding period, a notable surge in subscription rate had been seen, as its overall subscriptions reached 2.59x from 0.55x, thanks to QIB investors who subscribed 4.17x.
How To Apply For KFin Technologies IPO?
If you are also interested in booking the listing gain with the KFin Technologies IPO, then you can also submit your application. To note, the applications are selected through the lottery system which means many applications will be rejected and the chances of getting accepted quite low. It is basically indirectly proportional to the subscription rate, the higher is subscription rate, the lower the chance of your application getting selected. However, you can apply for KFin Technologies IPO by following the steps given below.
- Log into your trading account.
- Navigate to the current IPO section.
- Select KFin Technologies IPO.
- Enter the number of lots you wish to apply for.
- Provide your UPI ID and submit your application.
Note that you will receive a mandate email or notification after the funds in your bank account are blocked for a certain period. The amount will be credited back to your account if your application is not accepted.
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