RNFI Services IPO Details
| IPO Size | 70.81 |
| Price Range | ₹98 - ₹105 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹126,000 |
| Pre IPO Promotor Holding | 89.53% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
RNFI Services IPO Timelines
22/07/2024
Start Date24/07/2024
End Date26/07/2024
Refund Initiation26/07/2024
Credit of Shares to Demat Ac29/07/2024
Listing DateRNFI Services IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| S-HNI Minimum | 2 | 2400 | ₹252,000 |
RNFI Services IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 140.66 x | 513.31 x | 142.62 x | -- | 221.49 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹199.50 | ₹189.55 | ₹199.95 | ₹189.55 |
RNFI Services IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹190.80 | ₹182.99 | ₹5.55 |
| FY 2023 | ₹1069.40 | ₹1062.86 | ₹4.89 |
| FY 2024 | ₹943.05 | ₹930.03 | ₹9.96 |
About Company
RNFI Services Limited is a tech-enabled platform offering fintech solutions in the business-to-business (B2B) and business-to-business-to-consumer (B2B2C) segments through its online portal and mobile app. It provides banking, digital, and government-to-citizen (G2C) services across the country. Its business can be divided into four segments: (i) business correspondent (BC) services; (ii) non-BC services; (iii) money changer services, and (iv) insurance broking.
The money changer business is being conducted through its wholly-owned subsidiary, RNFI Money Private Limited, which is RBI registered full-fledged money changer (FFMC), while the insurance broking service is being conducted through its wholly-owned subsidiary, Reliassure Insurance Brokers Private Limited. Within its non-BC business, RNFI offers utilities and travel-related services such as mobile and DTH recharges, as well as services related to the Bharat Bill Payments System (BBPS), PAN card services, and G2C services.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | IT (Information Technology) | Ranveer Khyaliya |
Know Before Investing
RNFI Services IPO Strengths
- RNFI Services has shown a consistent increase in revenue and transaction volumes.
- With over 360,000 network partners across India, RNFI Services has a robust distribution network.
- The company offers a wide range of services.
- RNFI Services has partnered with eleven financial institutions.
- It provides tech-enabled services that cater to modern banking and financial needs.
RNFI Services IPO Risks
- The financial technology sector is subject to stringent regulations and compliance requirements.
- The fintech industry is highly competitive, with numerous established players.
- A significant portion of RNFI Services’ business depends on its partnerships.
- The company is exposed to operational risks.
Swot Analysis for RNFI Services IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
RNFI Services Limited
UG-5, Relipay House, Plot No. 42
DLF Industrial Area Kirti Nagar,
West Delhi, New Delhi, -110015
Phone: +91-8448985100
Email: [email protected]
Website: https://www.rnfiservices.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of RNFI Services IPO are:
- 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