Financial Services/Fintech - Listed on 29 December 2022
KFin Technologies (Financial Services/Fintech) closed its IPO window in 2022 and listed on NSE and BSE on 29 December 2022 at an upper band issue price of Rs 366, opening at Rs 363.84 for a listing gain of -0.6% and closing day one at Rs 371 (+1.4% on closing basis). The IPO was subscribed 1.85x overall - QIB 1.30x, HNI/NII 1.83x, Retail 2.19x. The total issue size was Rs 254.26 Cr (Fresh Issue Rs 165.16 Cr, OFS Rs 89.09 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Financial Services/Fintech
KFin Technologies operates in the Financial Services/Fintech space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The KFin Technologies issue was offered at an upper price of Rs 366 and raised approximately Rs 254.26 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 0 | 0.00% |
| Day 2 | Rs 0 | 0.00% |
| Day 3 | Rs 0 | 0.00% |
| Day 4 | Rs 5 | - |
| Day 5 | Rs 5 | +1.37% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the KFin Technologies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
KFin Technologies IPO listed at -0.6% versus the upper issue price of Rs 366 on 29 December 2022.
KFin Technologies IPO was subscribed 1.85x overall. QIB portion was subscribed 1.30x, HNI / NII 1.83x and Retail 2.19x.
IPO GMP started at Rs 0 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.