KFin Technologies IPO - Investment Rationale, Strengths, Key Strategies, Risks, Financials: Anand Rathi

The company is available at the upper end of the IPO price band, it is offered at 41.3x its FY22 earnings.

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Anand Rathi's IPO Report

KFin Technologies Ltd. is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.

KFin Technologies has a scaled platform with a strong track record of growth and market leadership.

The company has asset-light business model with recurring revenue model, high operating leverage, profitability and cash generation.

KFin is available at the upper end of the initial public offer price band, it is offered at 41.3 times its FY22 earnings with a market cap of Rs 6,443.4 million.

The valuation of the IPO appears to be reasonable when we compare with listed peers.

Click on the attachment to read the full IPO report:

Anand Rathi - IPO Note KFinTechnologies Ltd..pdf
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Also Read: KFin Technologies IPO: All You Need To Know

Also Read: KFin Technologies IPO - Leading Financial Services Platform Provider: Reliance Securities

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