RNFI Services IPO description – RNFI Services is a tech-enabled platform delivering financial technology solutions in the B2B and B2B2C sectors. Through its integrated business model, utilizing both an online portal and a mobile application, the company focuses on providing banking, digital, and government-to-citizen (G2C) services across India. The company divides its business into four main segments:
- Business correspondent services
- Non-business correspondent services
- Full-fledged money changer services
- Insurance broking
RNFI Services processes over 11.5 million transactions monthly. As of 3 June 2024, the company operates in more than 28 states and 5 union territories, covering 17,964 pin codes across the country through its extensive distribution network. As of 3 June 2024, RNFI Services’ front-end distribution network includes over 3,60,000 network partners across India. These partners provide a variety of tech-enabled business correspondent and non-business correspondent services.
As of 31 March 2024, the company employs 1,405 individuals on a standalone basis, significantly contributing to its growth.
Promoters of RNFI Services – Ranveer Khyaliya, Nitesh Kumar Sharma, Deepankar Aggarwal, Rajan Kumar, Krishna Kumar Daga, Charanjeet Singh, and Simran Singh Private Trust
Table of Contents
RNFI Services IPO Details
| RNFI Services Issue Dates | 22 – 24 July 2024 |
| RNFI Services IPO Price | INR 98 – 105 per share |
| Fresh issue | 67,44,000 shares (INR 66.09 – 70.81 crore) |
| Offer For Sale | Nil |
| Total FPO size | 67,44,000 shares (INR 66.09 – 70.81 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
RNFI Services Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 188.25 | 1,066.59 | 935.42 |
| Expenses | 182.99 | 1,062.86 | 930.03 |
| Net income | 5.55 | 4.89 | 9.96 |
RNFI Services Offer News
- RNFI Services RHP
- RNFI Services Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
RNFI Services Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.94 | 3.03 | 5.85 |
| PE ratio | – | – | 16.75 – 17.95 |
| RONW (%) | 49.42 | 31.99 | 40.92 |
| NAV | 7.47 | 11.47 | 17.35 |
| ROCE (%) | 33.25 | 24.28 | 29.74 |
| EBITDA (%) | 5.20 | 0.93 | 2.06 |
| Debt/Equity | 0.85 | 0.90 | 1.02 |
RNFI Services IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 July 2024 | 75 | – | 70,000 |
| 26 July 2024 | 77 | – | 72,000 |
| 25 July 2024 | 77 | – | 72,000 |
| 24 July 2024 | 70 | – | 65,000 |
| 23 July 2024 | 57 | – | 53,500 |
| 22 July 2024 | 50 | – | 45,000 |
| 20 July 2024 | 50 | – | 45,000 |
| 19 July 2024 | 43 | – | 38,500 |
| 18 July 2024 | 43 | – | 38,500 |
| 17 July 2024 | 40 | – | 35,000 |
RNFI Services IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,72,000 | 9,54,000 | 22,26,000 | 44,52,000 |
| 24 Jul 2024 | 140.66 | 513.71 | 142.62 | 221.58 |
| 23 Jul 2024 | 0.76 | 26.73 | 35.55 | 23.72 |
| 22 Jul 2024 | 0.00 | 4.01 | 9.76 | 5.74 |
The market maker reservation portion of 3,84,000 shares and anchor portion of 19,08,000 shares are not included in the above calculations.
RNFI Services IPO Allotment Status
RNFI Services IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
RNFI Services IPO Dates & Listing Performance
| FPO Opening Date | 22 July 2024 |
| FPO Closing Date | 24 July 2024 |
| Finalization of Basis of Allotment | 25 July 2024 |
| Initiation of refunds | 26 July 2024 |
| Transfer of shares to demat accounts | 26 July 2024 |
| FPO Listing Date | 29 July 2024 |
| Opening Price on NSE SME | INR 199.50 per share (up 90%) |
| Closing Price on NSE SME | INR 189.55 per share (up 80.52%) |
RNFI Services Offer Lead Manager
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email:Â [email protected]
Website:Â www.choiceindia.com
RNFI Services Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone:Â +91-11-40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
RNFI Services Issue Contact Details
RNFI SERVICES LIMITED
UG-5, Relipay House, Plot No. 42,
DLF Industrial Area Kirti Nagar, West Delhi,
New Delhi, Delhi, India, 110 015
Phone: +91 844 898 5100
E-mail: [email protected]
Website: www.rnfiservices.com
FPO FAQs
What is the RNFI Services offer size?
RNFI Services offer size is INR 66.09 – 70.81 crores.
What is the RNFI Services offer price band?
RNFI Services public offer price is INR 98 – 105 per share.
What is the lot size of the RNFI Services IPO?
RNFI Services offer lot size is 1,200 shares.
What is RNFI Services IPO GMP today?
RNFI Services IPO GMP today is INR 75 per share.
What is the RNFI Services kostak rate today?
RNFI Services kostak rate today is NA per application.
What is RNFI Services Subject to Sauda rate today?
RNFI Services Subject to Sauda rate today is INR 70,000 per application.
