KFin to ride MF wave, but issue suitable for high-risk investors
Business

KFin to ride MF wave, but issue suitable for high-risk investors

By Dan Neff

Based on the annualised net profit for the six months ending September, the company demands a forward price-earnings (P/E) multiple of nearly 36.

Synopsis

It also serves clients in Malaysia, the Philippines, and Hong Kong. The domestic MF segment contributed 70.6% to revenue from operations in FY22. The international and other investor solutions formed 7.6% and issuer solutions contributed 11.6% to the revenue while the rest was from global business services.

ET Intelligence Group: KFin Technologies (name changed in 2019 from Karvy Fintech), which provides technology-driven services to asset management companies (AMCs) including mutual funds (MFs) and wealth managers, plans to raise ₹1,500 crore through an offer for sale by promoter General Atlantic Singapore Fund.

After the IPO, the promoter group’s stake will reduce to around 50% from over 74%. The company is expected to benefit as more investors

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff