Before its IPO, KFin Technologies raises Rs 675 crore from an anchor book
There were 44 investors in all who purchased 1.84 crore shares through the anchor book, including the Carmignac Portfolio, Pinebridge Global Funds, Pari Washington India Master Fund, Citigroup Global Markets Mauritius, Morgan Stanley, and Copthall Mauritius Investment.
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On December 16, KFin Technologies, a platform for technology-driven financial services, raised Rs 675 crore from anchor investors in advance of a public offering.
According to the company's BSE filing, it has decided to allocate 1.84 crore shares to anchor investors at Rs 366 per equity share, or the top of the pricing range, after consulting with merchant bankers.
There were 44 investors in all who purchased 1.84 crore shares through the anchor book, including the Carmignac Portfolio, Pinebridge Global Funds, Pari Washington India Master Fund, Morgan Stanley, and Copthall Mauritius Investment.
A number of other funds made anchor book investments in the business, including Aditya Birla Sun Life Insurance, Bajaj Allianze Life Insurance, Elara India Opportunities Fund, IIFL Special Opportunities Fund, Nippon Life India, Axis Mutual Fund, Mirae Mutual Fund, ICICI Prudential Life Insurance, Nuvama Private Investments Trust, and Edelweiss Trusteeship.
KFin Technologies seeks to fund Rs 1,500 crore through a public offering that exclusively includes a purchase proposal from promoter General Atlantic Singapore Fund Pte Ltd.
The offer's price range has been set at Rs 347–366 per share and will begin trading on December 19. The deadline for submissions is December 21.
The issue's book-running lead managers are ICICI Securities, Kotak Mahindra Capital Company, JP Morgan India, IIFL Securities, and Jefferies India.
