RNFI Services Limited IPO
NSE SMEListed On: Jul 29, 2024 at ₹ 199.5
₹ 126000 /1200 Shares
Check Allotment22 Jul, 2024
Open Date24 Jul, 2024
Close Date25 Jul, 2024
Allotment Date29 Jul, 2024
Listing DateIssue Price
₹98-105 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
199.5Listing Date
2024-07-29Market Lot
1200 Shares (₹126,000/-)Lead Manager
Choice Capital Advisors Pvt LtdIssue Size
6,744,000 shares(aggregating up to ₹70.81 Cr)Retail Portion
35%Subscription
221.56 times
The IPO of RNFI Services Limited is priced at ₹98-105 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
RNFI Services Limited IPO bid opening date is from Jul 22, 2024 and the bid closing date was Jul 24, 2024.
RNFI Services Limited IPO allotment result will be available on Jul 25, 2024. The tentative listing date for RNFI Services Limited is Jul 29, 2024.
The total issue size is 6,744,000 shares(aggregating up to ₹70.81 Cr).
RNFI Services Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,272,000 / 954,000 | 2,226,000 | 4,452,000 |
| Day 1 - 22-07-24 06:00 PM | 0.00 / 4.08 x | 10.14 x | 5.94 x |
| Day 2 - 23-07-24 06:00 PM | 0.76 / 26.43 x | 36.20 x | 23.98 x |
| Day 3 - 24-07-24 06:00 PM | 140.66 / 513.71 x | 142.62 x | 221.56 x |
RNFI Services Limited Valuations
EPS Pre IPO
₹5.47/-EPS Post IPO
₹3.99/-P/E Pre IPO
19.19P/E Post IPO
26.3ROCE
29.74%Debt/Equity
1.02RoNW
40.92%PAT Margin
1.06Price to Book Value
6.05RNFI Services Limited Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 19,051.38 | 12,526.71 | 11,661.34 |
| Revenue | 3,200.71 | 2,140.67 | 1,369.32 |
| Profit After Tax | 996.07 | 488.71 | 555.03 |
| Net Worth | 3,159.90 | 2,041.64 | 1,330.24 |
| Reserves & Surplus | 1,350.86 | 2,043.47 | 1,332.07 |
| Total Borrowing | 3,638.87 | 2,118.75 | 1,264.05 |
About The Company
An incorporation company, RNFI Services Limited, is a fintech firm founded in 2015 to deliver B2B and B2B2C solutions to users through an online portal and a mobile application. The primary target areas include offering banking, digital, and G2C services throughout India.
Its business is mainly divided into four sectors:
Business correspondent services
Non-business correspondent services
Full-fledged money changer service, and
Insurance broking.
Till date, as of July 2024, the company has partnered with eleven financial institutions, which include National private and public sector banks and payment banks. They are engaged as business correspondents to provide financial inclusion services.
The company has processed more than 115 lakh monthly transactions as of March 31, 2024. As of June 3, 2024, the company operates in more than 28 states and 5 Union territories, covering 17,964 pin codes all over the country through its distribution network. As of March 31, 2024, the company has 1,405 employees on a standalone basis, who play a very significant role in the growth of the company.
So far, as of June 3, 2024, the company has more than 360,000 network partners in the Indian market offering a range of tech-enabled services.
The company renders transactional business correspondent services involving Domestic Money Transfer, Aadhaar Enabled Payment System, and Micro ATM, kiosk banking, and doorstep services for private sector banks to execute e-KYC for prepaid cards and fastags.
Non-business correspondent services of the company include utility and travel-related services, EMI collection, delinquent loan collections, and sale of products and services to meet the needs of our network partners.
RNFI Services Limited - Promoter(s)
Pre Issue Share Holding: 89.53%
Post Issue Share Holding: %
- Ranveer Khyaliya, Nitesh Kumar Sharma, Deepankar Aggarwal, Rajan Kumar, Krishna Kumar Daga, Charanjeet Singh and Simran Singh Private Trust.
RNFI Services Limited IPO - Issue Objectives
- Funding the working capital requirements of the Company
- Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server
- Strengthening our technology infrastructure to develop new capabilities
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
- General Corporate Purposes
Other Details
RNFI Services Limited
UG-5, Relipay House, Plot No. 42, DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, -110015Skyline Financial Services Private Ltd
RNFI Services Limited IPO - FAQs
Ans. RNFI Services Limited IPO is a SME IPO. The issue is priced at ₹98-105 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 22, 2024, and closes on Jul 24, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The RNFI Services Limited IPO opens on Jul 22, 2024 and closes on Jul 24, 2024.
Ans. The size of RNFI Services Limited IPO is 6,744,000 shares(aggregating up to ₹70.81 Cr).
Ans. The IPO price band is set between ₹98-105 per equity share.
Ans. To apply for RNFI Services Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find RNFI Services Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of RNFI Services Limited IPO is Jul 25, 2024.
Ans. The RNFI Services Limited IPO will be listed on Jul 29, 2024.
Ans. Follow the steps to check the allotment status for RNFI Services Limited IPO here.
