KFin Technologies IPO: Here’s how to check allotment status online

• KFin Technologies is likely to announce its share allotment status on December 26.
• The IPO received good demand from investors as the issue was subscribed 2.59 times.
• The shares will be listed on December 29 on NSE and BSE.
  

KFin Technologies, a leading technology-driven financial services platform is likely to announce the allotment status of its initial public offering (IPO) on December 26.

The ₹1,500 crore IPO received good demand from investors, with the issue being subscribed 2.59 times.

The qualified institutional buyer portion was subscribed the most at 4.17 times. The portion reserved for retail was subscribed 1.36 times, while that of the non-institutional investors was subscribed 0.23 times.

Currently, shares of KFin Technologies are available at a discount of ₹5 per share in the grey market. GMP is the premium at which IPO shares are traded in the unofficial market before they are listed on the stock exchanges.

The company has raised ₹1,500 crore through a complete offer for sale by one of the promoters, General Atlantic Singapore Fund, which will receive all the issue proceeds. The company will not receive any funds from the IPO.

KFin Technologies provides transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong. It provides services and solutions to asset managers and corporate issuers across asset classes in India along with several investor solutions.

The company is the largest investor solutions provider to Indian mutual funds. It provides services to 24 out of 41 AMCs in India, representing 59% of the market share.

Here is how to check KFin Technologies IPO allotment status on the stock exchange websites:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘KFin Technologies’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Bigshare Services) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘KFin Technologies’.
• Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.


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