Kepler Group Ltd

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Investment Snapshot

F-1 All Filings

Symbol

KPL

Offer Range

—

Shares Offered

1.4M

Total Shares Post-IPO

20.0M

Market Cap

—

Target Price

$00.00

Implied Upside vs Midpoint

$00.00

Use of Proceeds

—

Valuation & Price Target

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Business & Product Moat

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Company Description (Source)

Our Group is principally engaged in the insurance brokerage business in Hong Kong. We act on behalf of our policyholders seeking insurance coverage from companies which are authorized insurers under the Insurance Ordinance in Hong Kong that provide the insurance products, including, among others, AXA China Region Insurance Company Limited, Prudential Hong Kong Limited and Manulife (International) Limited, etc. (the “Insurance Companies”) and take pride in our premium brokerage service. According to relevant industry data prepared by China Insights Consultancy, we ranked around 5th in the 2nd Tier among all insurance brokerage company in Hong Kong in terms of revenue in 2024. Founded by Mr. Kwok Yu Hin, our business commenced in 2016. Since then, our Group has grown throughout the years in terms of revenue generated from our insurance brokerage services based in Hong Kong. For the years ended March 31, 2025 and 2024, we generated revenue of approximately HK$157.4 million and HK$143.6 million, respectively. The major contracts of insurance that our Group provides brokerage services for are life insurance products, which accounted for approximately 95.0% and 95.7% of our total revenue for the years ended March 31, 2025 and 2024, respectively. We also provide brokerage services for other general insurance including medical insurance, travel insurance and car insurance. Besides insurance brokerage services, we also generated revenue from other services, such as immigration services and software upgrade and maintenance service, for the years ended March 31, 2025 and 2024. We currently operate all of our insurance brokerage business in Hong Kong and generated all of our revenue from insurance brokerage services within Hong Kong. All documents with our policyholders were executed in Hong Kong. As part of our business strategies, we plan to expand our insurance brokerage distribution network in southeast Asia, such as Malaysia, Singapore, Thailand, Vietnam, Japan and Taiwan, within three to five years in the future. As first step, we plan to open up a branch office in Singapore, obtain the requisite insurance brokerage license and to develop and establish relationships and enter into broker agreements with local Insurance Companies in Singapore, including the local branches of the Insurance Companies currently cooperating with us in Hong Kong and also new Insurance Companies in Singapore, in order to conduct insurance brokerage business and act for potential policyholders in Singapore. --- Our principal executive office is located at Suite 3902-03, 39/F, Tower 6, The Gateway, Harbour City, Tsim Sha Tsui, Hong Kong. Our telephone number is (+852) 2155 2889. Our website is located at www.kplga.com. Our registered office in the Cayman Islands is located at the office of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY10168.

Competitor Set

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Market & Macro

Sector context: Insurance Agents, Brokers & Service

Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.

Median IPO open → current

-13.9%

win 25% · n=4

Median first month

-3.6%

win 50% · n=4

Company	IPO Date	Open → Current	First Month
NP Neptune Insurance Holdings Inc.	2025-10-01	+23.8%	+14.8%
ARX Accelerant Holdings	2025-07-24	-39.5%	+5.2%
SLDE Slide Insurance Holdings, Inc.	2025-06-18	-12.2%	-12.5%
ASIC Ategrity Specialty Insurance Co Holdings	2025-06-11	-15.5%	-14.9%