RNFI Services Limited IPO
RNFI Services Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹98–₹105 per share. The stock debuted at ₹199.5, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,26,000.
RNFI Services Limited IPO
- IPO Dates
- Jul 22, 2024 – Jul 24, 2024
- Price band
- ₹98-105 per equity share
- Minimum Investment
- ₹1,26,000
- Issue size
- ₹70.81 Cr
- Lot size
- 1200
- Allotment Date
- Jul 25, 2024
- Listing
- Jul 29, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 22, 2024
Open Date
Completed
-
Jul 24, 2024
Close Date
Completed
-
Jul 25, 2024
Allotment Date
Completed
-
Jul 29, 2024
Listing Date
Completed
RNFI Services Limited IPO Essentials
RNFI Services Limited IPO Details
RNFI Services Limited IPO is priced at ₹98-105 per share with a total issue size of 70.81 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹98-105 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,744,000 shares(aggregating up to ₹70.81 Cr)
- Total issue size
- 67,44,000 shares
(aggregating up to ₹70.81 crore) - Fresh issue
- 67,44,000 shares
(aggregating up to ₹70.81 crore) - Listing at
- NSE SME
- List price
- 199.5
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Choice Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,26,000 |
| Retail(max) | 1 | 1200 | ₹1,26,000 |
| NII (min) | 2 | 2,400 | ₹2,52,000 |
RNFI Services Limited IPO Reservation
RNFI Services Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,744,000 shares, approximately 18.86% are reserved for QIB, 14.15% for NII, 33.01% for retail investors, 5.69% for market maker, and 28.29% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,908,000 (28.29%) | |
| Market Maker Shares Offered | 384,000 (5.69%) | |
| QIB Shares Offered | 1,272,000 (18.86%) | |
| NII (HNI) Shares Offered | 954,000 (14.15%) | |
| Retail Shares Offered | 2,226,000 (33.01%) | |
| Total Shares Offered | 6,744,000 (100%) |
RNFI Services Limited IPO Analytics
RNFI Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
RNFI Services Limited IPO Subscription Status
RNFI Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹5.47/-
- EPS Post IPO
- ₹3.99/-
- P/E Pre IPO
- 19.19
- P/E Post IPO
- 26.3
Returns
- ROCE
- 29.74%
- RoNW
- 40.92%
- PAT Margin
- 1.06
Fundamentals
- Debt / Equity
- 1.02
- Price / Book
- 6.05
RNFI Services Limited Financials( In Lakhs)
| 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 |
RNFI Services Limited Company & Offer Insights
About RNFI Services Limited
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)
Ranveer Khyaliya, Nitesh Kumar Sharma, Deepankar Aggarwal, Rajan Kumar, Krishna Kumar Daga, Charanjeet Singh and Simran Singh Private Trust. are the company's promoters of RNFI Services Limited.
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
RNFI Services Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| RNFI Services Limited | 5.85 | 5.85 | 17.35 | 19.19 | 40.92 | 6.05 | Consolidated |
| Bls E-services Limited | 4.44 | 4.44 | 47.45 | 55.3 | 11.51 | N/A | Consolidated |
| Mos Utility Limited | 4.17 | 4.17 | 30.1 | 37.15 | 21.37 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on NSE on July 5, 2024, divided by the Diluted EPS.
- Return on Net Worth (%) = Net Profit after tax attributable to the owner of the company, as restated for the end of the year divided by Average Net Worth as at the end of the year.
- Average Net Worth means the average of the Net Worth of the current and previous financial year. Net Worth means the aggregate value of the paid-up share capital and other equity (excluding capital reserves) attributable to the owners of the Parent.
- Net Asset Value per share = Net Worth at the end of the year divided by weighted average number of equity shares outstanding during the year.
- The Basic and Diluted Earnings Per Share for the company's Equity Shares have been presented to reflect the adjustments for the issue of bonus shares as per IND AS 33.
Contact Information
Contact Details
RNFI Services Limited
+91-8448985100
UG-5, Relipay House, Plot No. 42, DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, -110015
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
RNFI Services Limited IPO is a book-built IPO worth ₹70.81 crore. The price band is ₹98–₹105 per share. The IPO opens on Jul 22, 2024 and closes on Jul 24, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The price band of RNFI Services Limited IPO is ₹98 to ₹105 per share.
The lot size of RNFI Services Limited IPO is 1200 shares.
The minimum investment for RNFI Services Limited IPO is approximately ₹1,26,000 based on the upper price band .
RNFI Services Limited IPO opens on Jul 22, 2024 and closes on Jul 24, 2024.
The allotment date of RNFI Services Limited IPO is Jul 25, 2024.
RNFI Services Limited IPO is expected to be listed on Jul 29, 2024, on NSE SME Platform.
RNFI Services Limited IPO valuation snapshot: P/E 26.3, EPS ₹3.99/-, P/B 6.05, RoNW 40.92%, and market cap N/A.
To apply for RNFI Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of RNFI Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for RNFI Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check RNFI Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the RNFI Services Limited IPO allotment status on IPO Ji for quick and easy access.