KFintech ipo: If you are waiting to earn through Initial Public Offering ie IPO, then this news can be of your use. In fact, General Atlantic-backed company KFintech has filed applications for IPO.
The current promoter of KFintech, General Atlantic Singapore Fund Pte Ltd, holds 74.94 per cent stake in the company. The company is preparing to raise Rs 2400 crore through IPO from the market. Kotak Mahindra Bank Ltd also holds a 9.98 per cent stake in KFintech, which it acquired in 2021. The principal managers of the issue are ICICI Securities, Kotak Mahindra Capital, JP Morgan India Pvt Ltd, IIFL Securities and Jefferies India Pvt Ltd.
KFintech is an investor and issuer solutions provider, serving asset management such as mutual funds, alternative investment funds (AIFs), fund managers, pension funds, corporate issuers as well as international clients in Southeast Asia and Hong Kong.