KFin Technologies files Rs 2,400 crore IPO papers with SEBI
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KFin Technologies has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 2,400 crore through an initial public offering (IPO).
The company will not receive any proceeds from the offer as all of it will go to the promoter selling shareholder. ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities, and Jefferies India are the book running lead managers to the issue. The equity shares of the company are proposed to be listed on BSE as well as NSE.
KFin Technologies provides services to asset managers and corporate issuers across asset classes in India. It also provides solutions, including transaction originating and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.
