KFin Technologies IPO: The deteriorating sentiment available in the market has affected the itemizing of one other IPO. The itemizing of economic companies platform firm KFin Technologies on Thursday has been very disappointing. The IPO has slipped under its problem value of Rs 366 whereas being listed. Currently, the inventory is buying and selling at Rs 352.60, down 3.44 per cent. The firm got here up with an IPO at a difficulty value of Rs 366.

IPO acquired lukewarm response

After the itemizing of the IPO of KFin Technologies, the corporate’s market is Rs 5906 crore. The IPO opened on December 19 and buyers had time until December 21 to speculate. This IPO was subscribed solely 2.59 occasions. In which the institutional buyers’ quota has been subscribed 4.17 occasions. The retail buyers’ quota was subscribed 1.23 occasions. While the quota for non-institutional buyers might fill solely 23 per cent. Kefin Technologies has raised Rs 1500 crore via IPO. For the face worth of Rs 10 per share, the worth band of the IPO was fastened by the corporate between Rs 347-366.

These IPOs additionally turned victims

Last week additionally, the IPO of Landmark Cars needed to bear the brunt of the massive fall within the inventory market. The inventory with problem value of Rs 506 had slipped after itemizing and until now the inventory has not recovered from this shock. At current, the share of Landmark Cars is buying and selling at Rs.452. The IPO itemizing of Abans Holdings was extraordinarily disappointing. The firm had introduced IPO at a value of Rs.270, which is now buying and selling at Rs.195.

What does KFin Technologies do?

KFin Technologies gives its companies to asset managers throughout all asset courses. It gives options with mutual funds and personal retirement schemes in Malaysia, Philippines and Hong Kong. KFin is offering its companies to 25 out of 42 mutual fund corporations within the nation, that’s, it occupies about 60 % of the market.

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