IPO<\/a> is scheduled to begin on Monday, December 19, with a price range of Rs 347-366 per share. The issue will be available for purchase until Wednesday, December 21. After that, investors can bid for as few as 40 equity shares or multiples of that number. On the other hand, the anchor book will be released on Friday, December 16.<\/p>\n\n\n\nA total of Rs 1,500 crore will be raised by offering equity shares (via OFS-Offer For Sale) with a face value of Rs 10 each. The issue has been booked as follows:<\/p>\n\n\n\n
1. 75% of the offer portion for qualified institutional buyers, <\/p>\n\n\n\n
2. 15% for high net worth individuals, <\/p>\n\n\n\n
3. 10% for retail investors.<\/p>\n\n\n\n
KFin Financial Performance<\/strong><\/p>\n\n\n\nA 26 per cent rise in profit was recorded by the company during the six-month period that ended September FY23, while revenue increased 20 per cent to Rs 348.7 crore.<\/p>\n\n\n\n
In FY22, the company made a profit of Rs 148.5 crore, compared to a loss of Rs 64.5 crore the previous year. During the same time period, revenue increased by 33% to Rs 639.5 crore.<\/p>\n\n\n\n
How do we expect it to perform?<\/strong><\/p>\n\n\n\nAccording to recent reports, 75% of IPOs listed in 2022 are expected to be profitable by the end of the year. Adani Wilmar is the best-performing IPO, trading at around 174 points above its issue price, while ASG Transact has seen its stock price fall by 57%.<\/p>\n\n\n\n
As the year comes to a close, four companies have already entered the market: Sula Vineyards, Abans Holdings, Landmark Cars, and KFin Technologies (the fourth of December). In the grey market, they are currently trading at a 5-10% premium.<\/p>\n\n\n\n
Around 37 companies announced IPO plans worth more than Rs 58,500 crore in 2022. So far, approximately 33 firms have listed on exchanges and are performing significantly better than the market in the first year.<\/p>\n\n\n\n
We expect it to have a good start, just like the other three of December month.<\/p>\n\r\n