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By Surabhi Sutaria | Asmita Pant Dec 19, 2022 3:35:45 PM IST (Updated)
The IPO will be offer-for-sale (OFS) for 24.5 percent by its existing promoter General Atlantic Singapore Fund Pte Ltd. The company will not receive any proceeds from the offer.
KFin Tech, financial services company, will launch its Rs 1,500 Initial Public Offer (IPO) today i.e. December 19. The issue will conclude on December 21. The price band of the issue has been set at Rs 347 - Rs 366 per share.
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Ahead of its IPO, the financial services platform has raised Rs 675 crore from anchor investors. The company decided to allocate 1.8 crore equity shares to 44 funds for Rs 366. Some anchor investors include Goldman Sachs (Singapore) Pte, Morgan Stanley Asia (Singapore) Pte, Copthall Mauritius Investment Ltd, Citigroup Global Markets Mauritius, Pinebridge Global Funds and Pari Washington India Master Fund Ltd.
The IPO will be offer-for-sale (OFS) for 24.5 percent by its existing promoter General Atlantic Singapore Fund Pte Ltd. The company will not receive any proceeds from the offer.