Normal Atlantic-backed KFin Applied sciences Pvt. Ltd (KFintech) on Friday mentioned it has filed draft papers with markets regulator Securities and Trade Board of India (Sebi) for a ₹2,400 crore preliminary public providing (IPO).
The IPO might be a pure offer-for-sale of as much as ₹2,400 crore by its present promoters Normal Atlantic Singapore Fund Pte Ltd, which holds a 74.94% stake within the firm.
KFin Applied sciences is majority-owned by funds managed by non-public fairness investor Normal Atlantic. Kotak Mahindra Financial institution Restricted additionally owns 9.98% stake in KFintech which it acquired in 2021.
The problem’s lead managers are ICICI Securities, Kotak Mahindra Capital, JP Morgan India Pvt. Ltd, IIFL Securities and Jefferies India Pvt. Ltd.
KFintech is an investor and issuer options supplier, serving asset managers akin to mutual funds, different funding funds (AIFs), wealth managers, pension funds and company issuers, in addition to worldwide purchasers in Southeast Asia and Hong Kong.
In India, it serves 270 funds from 157 asset managers, accounting for 32% primarily based on the variety of AIFs served. Throughout quite a few asset lessons, the corporate has operations in India, Hong Kong, Malaysia and the Philippines, it additionally has presence in Oman and the Maldives. KFintech can be servicing 19 AMC purchasers in Malaysia, Philippines and Hong Kong and has signed on three AMCs in Malaysia and Singapore which can be but to go dwell with it.
Supply: Live Mint