KFin Tech IPO: Draft Paper for Rs 2,400-Crore Public Issue Filed, Key Details Here
2 years, 8 months ago

KFin Tech IPO: Draft Paper for Rs 2,400-Crore Public Issue Filed, Key Details Here

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General Atlantic-backed KFin Technologies has filed preliminary papers with the Securities and Exchange Board of India to raise Rs 2,400 crore through an initial public offering. Fundraising Target According to the preliminary papers, leading global private equity investor KFin Technologies, which is majority-owned by funds managed by General Atlantic, plans to raise Rs 2,400 crore through an initial public offering. KFin Technologies’ Revenue for the financial year 2020-21 stood at Rs 481.14 crore, up from Rs 449.87 crore the previous year. The company’s net loss for the year stood at Rs 64.51 crore, compared with a profit of Rs 4.52 crore the previous year, according to the draft red herring prospectus.

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