RNFI Services IPO will be Open on July 22, 2024, and closes on July 24, 2024. The company has fixed the price of this IPO at ₹105 according to the face value ₹10. The company will raise ₹70.81 Crores through this IPO under the 6,744,000 Equity Shares public issue, and the offer is a 100% Book Built Issue. The company reserve quota in this IPO is 50% for QIB 15% for NII and 35% for Retail Investors. You can check RNFI Services IPO GMP here.
RNFI Services Limited is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via our online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (“G2C”) services on PAN India.
The company’s business can be divided into four categories:
- Business correspondent services;
- Non-business correspondent services;
- Full-fledged money changer service; and
- Insurance broking.
The company provides transactional business correspondent services including Domestic Money Transfer, Aadhaar Enabled Payment System, and Micro ATM, kiosk banking services, and doorstep services for private sector banks to conduct e-KYC for prepaid cards and fashtags. You can check RNFI Services IPO subscription status here.
the company has partnered with eleven financial institutions, including National private and public sector banks and payment banks. the company has over 360,000 network partners across India, providing various tech-enabled services.
As of June 3, 2024, it operates in over 28 states and 5 Union territories, covering 17,964 pin codes nationwide through its distribution network. As of March 31, 2024, the company has 1,405 employees on a standalone basis, playing a significant role in its growth. You can check RNFI Services IPO Allotment Status here.
Objects Of The Issue :
- 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
Company Strengths :
- We have a holistic business model providing all-in-one solutions in B2B and B2B2C models. Our wide-ranging product and service portfolio enables us to spread our business risk and enhance our ability to adapt to changing market conditions.
- We have a technology-focused business model with an advanced digital platform.
- We have an asset-light and scalable business model as our business strategy revolves around a network partner-centric model that emphasizes lean capital investment for network expansion.
- Our extensive network encompasses a diverse range of participants. As of June 3, 2024, we have a network base of over 3.60 lakh network partners with a presence in 28 States and 5 Union territories.
- Our experienced leadership backed by a skilled professional team continues to contribute to our business’s growth and profitability.
| Read also: Upcoming IPO List 2024 |
RNFI Services IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹9.96 Cr ₹105 /EQ 5.85 19.95x 40.92 % 40.92 % 29.74 % 1.02 ₹17.35 ₹190.51 Cr ₹262.00 Cr 89.53 % – % |
| Team Review : | ✔ Apply For Long Term |
👉 RNFI Services IPO Show Review ….👈
- ■ The company is engaged in providing fintech solutions in B2B and B2B2C models.
- ■ The company top line & bottom line posted strong growth.
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is slightly aggressive based on the FY 24 earnings.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
RNFI Services IPO, Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | July 22, 2024 |
| IPO Close : | July 24, 2024 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹98-₹105 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹70.81 Cr {6,744,000 Shares} |
| Fresh Issue : | ₹70.81 Cr {6,744,000 Shares} |
RNFI Services IPO Market Lot :
RNFI Services IPO Minimum Market lot is 1 Lot with 1200 shares with ₹126000 Application amount. The retail investors can apply up to 2 lots with 2400 Shares or ₹252000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹126000 |
| Retail (Max) : | 1 | 1200 | ₹126000 |
| S-HNI (Min) : | 2 | 2400 | ₹252000 |
RNFI Services IPO Net Reservation :
RNFI Services IPO Net Reservation of 67,44,000 shares is to be bid for the public issue by RNFI Services IPO with 12,72,000 for QIB 9,54,000 for NII 22,26,000 For RII.
| Category | Reservation | Shares | Amount Cr |
| Anchor : | 28.29% | 19,08,000 | ₹20.03 |
| QIB : | 18.86% | 12,72,000 | ₹13.36 |
| NII : | 14.14% | 9,54,000 | ₹10.01 |
| RII : | 33.00% | 22,26,000 | ₹23.37 |
| MMRP : | 5.69% | 3,84,000 | ₹4.03 |
| Total : | 100% | 67,44,000 | ₹70.81 |
RNFI Services IPO EPS & RoNW :
The RNFI Services company’s EPS & RoNW growth increased last financial year, which is shown in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2024 | ₹5.85 | 40.92 | ₹17.35 |
| 2023 | ₹3.03 | 31.99 | ₹11.47 |
| 2022 | ₹2.94 | 49.42 | ₹7.47 |
RNFI Services IPO Peer Comparison PE :
The RNFI Services, According to RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| BLS E-Services | 55.30 |
| Mos Utility | 37.15 |
RNFI Services IPO Dates :
RNFI Services IPO Date is July 22, 2024, and closes on July 24, 2024. The allotment will be finalized on July 25, 2024, and the IPO may be listed on July 29, 2024.
| Issue Open Date : | July 22, 2024 |
| Issue Close Date : | July 24, 2024 |
| Allotment Date : | July 25, 2024 |
| Refund Date : | July 26, 2024 |
| Share Credit Date : | July 26, 2024 |
| Listing Date : | July 29, 2024 |
RNFI Services IPO Form :
There are two ways to apply an RNFI Services IPO. You can apply for RNFI Services IPO through ASBA available in your bank account. You have to go to your online bank login select RNFI Services IPO in the Invest section and apply through your bank account. Another option is to apply for RNFI Services IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
RNFI Services Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2024 | ₹94,305.10 | ₹93,003.06 | ₹996.07 |
| 2023 | ₹106,939.62 | ₹1,06,285.97 | ₹488.71 |
| 2022 | ₹9,079.93 | ₹18,298.96 | ₹555.03 |
Company Promoters :
■ Ranveer Khyaliya
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investors
RNFI Services IPO Lead Managers :
■ Choice Capital Advisors Pvt Ltd
RNFI Services IPO Registrar :
Skyline Financial Services Private Limited
D-153A, 1st Floor, Okhla Industrial Area,
Phase–- I, New Delhi-110020, India
Telephone: +91 11 40450193-97
E-mail: [email protected]
Investor grievance email: [email protected]
Website: www.skylinerta.com
Note: Check RNFI Services IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
RNFI Services Limited
UG-5, Relipay House
Plot No. 42 DLF Industrial Area Kirti Nagar
New Delhi, India, 110015
Telephone: +91-8448985100
Website: www.rnfiservices.com
RNFI Services IPO FAQs :
What is RNFI Services IPO?
RNFI Services IPO is an SME IPO. They are going to raise ₹70.81 Crores via IPO. The issue is priced at ₹105 per equity share. The IPO is to be listed on NSE, SME.
When RNFI Services IPO will open?
The IPO is to open on July 22, to July 24, 2024, for QIB, NII & RII.
How much is RNFI Services’s IPO Size?
RNFI Services’s IPO size is ₹70.81 Crores.
How much is the Fresh issue size of RNFI Services IPO?
The Fresh issue size of RNFI Services IPO ₹70.81 Cr.
What is RNFI Services IPO Price Band?
RNFI Services IPO Price Band is ₹98-₹105 Per share.
What is the RNFI Services IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹126,000 amount while the maximum bid is 2400 shares with ₹252,000.
How much is RNFI Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, RII 35%.
When is the RNFI Services IPO Allotment Date?
RNFI Services IPO allotment date is July 25, 2024
When is the RNFI Services IPO Listing Date?
RNFI Services IPO listing date is July 29, 2024. The IPO is to be listed on NSE, SME.
How do Apply the RNFI Services IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “RNFI Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the RNFI Services IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “RNFI Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the RNFI Services IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “RNFI Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How do Apply the RNFI Services IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “RNFI Services IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| RNFI Services GMP: Click Here RNFI Services Subscription: Click Here RNFI Services Allotment: Click Here RNFI Services Listing: Click Here |
All RNFI Services IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.