KFin Tech files for Rs 2,400-cr IPO, provides exit for General Atlantic

KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms

KFIN Technologies on Friday filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi). Through the IPO, private equity major General Atlantic (GA) is looking to divest shares worth Rs 2,400 crore of the company. GA is the promoter of KFin Tech with nearly 75 per cent stake.

KFin Tech provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.

For initial public offerings (IPOs), Kfin Tech acts as a registrar and is responsible for processing applications and allotment