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RNFI Services Ltd

E-Commerce/App based Aggregator

Offer Period :

22nd to 24th Jul 2024

Incorporated in 2015, RNFI Services Limited is a financial technology firm offering B2B and B2B2C solutions through its online portal and mobile application. Read more...It provides banking, digital, and Government-to-Citizen (G2C) services across India, partnering with eleven financial institutions and serving over 360,000 network partners. Read less

RNFI Services Ltd IPO Details

IPO Date 22nd to 24th Jul 2024 Minimum Investment ₹126000 / 1 Lots
Listing Date 2024-07-29 Maximum Investment ₹126000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹70.81 Crores
Price ₹105 to ₹105 per share Fresh Issue ₹70.81 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 22nd to 24th Jul 2024
Listing Date 2024-07-29
Face Value ₹10 per share
Price ₹105 to ₹105 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹126000 / 1 Lots
Maximum Investment ₹126000 / 1 Lots
Total Issue Size ₹70.81 Crores
Fresh Issue ₹70.81 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

22nd Jul

IPO Starts

24th Jul

IPO Ends

25th Jul

Allotment Date

26th Jul

Initiation of Refund

26th Jul

Credit of Shares to Demat Account

29th Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 89.53 0
Public Group 10.47 0

RNFI Services Ltd IPO Reservation

QIB Shares Offered 1272000(18.86%)
NII (HNI) Shares Offered 954000(14.15%)
Retail Shares Offered 2226000(33.01%)
Anchor Investor Shares Offered 1908000(28.29%)
Total Shares Offered 6744000
Total Shares With Anchor Investor 6744000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

RNFI Services Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91 11 40450193-97
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

RNFI Services Ltd IPO Lead Manager

1. Choice Capital Advisors Pvt Ltd

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RNFI Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of RNFI Services Ltd

1. We have a holistic business model providing all-in-one solution in B2B and B2B2C models. Its wide-ranging product and service portfolio enables it to spread its business risk and enhance its ability to adapt to changing market conditions.

2. The Company has a technology focused business model with an advanced digital platform.

3. The Company has a asset light and scalable business model as its business strategy revolves around a network partner-centric model that emphasizes lean capital investment for network expansion.

4. Its extensive network encompasses a diverse range of participants. As of March 5, 2024, the company has a network base of over 3 lakh network partners with presence in 28 States and 5 Union territories.

5. Its experienced leadership backed by a skilled professional team continues to contribute to its business's groth and profitability.

Risks Involved

1. A substantial portion of the revenue is generated from its banking partners. The company's banking partners are regulated by the RBI and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

2. The company heavily relies on its front-end network partners, if the company is unable to attract new network partners or retain and grow its relationships with the company's existing network partners, its business, results of operations, financial condition, and future prospects would be materially and adversely affected.

3. The company heavily relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and the company's reputation. Additionally, its ability to succeed is contingent on the company's capacity to innovate, update, and adjust to emerging technological advancements.

4. The company derives a portion of its revenue from the fee and commission that its charge from the company's customers against the company's services. Any failure to earn revenue from such activities may have a negative impact on its financial performance.

5. The Company, its Subsidiaries, the company's Promoters and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

6. Security breaches and attacks against its tech platform, and any potential breach of or failure to otherwise protect personal, confidential and proprietary information, could damage its reputation and materially and adversely affect the company's business, financial condition and results of operations.

7. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.

8. Failures to deal effectively with fraudulent activities may cause harm to its business, and could severely diminish the company's banking partner and consumer confidence in and use of its platform.

9. The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

10. Its subsidiaries does not own the premises where their registered office is situated.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 190.51 125.27
Total Liabilities 190.51 125.27
Total Expenses 930.03 1062.86
Total Revenue 
943.05 1069.4
Profit After Tax 10.64 5.39
EBITDA 19.24 9.94
Adjusted EBITDA 0 0

RNFI Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-29 92957 RNFI
INE0SA001017
₹105 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹105 ₹105
Open ₹0 ₹199.5
Low ₹0 ₹189.55
High ₹0 ₹199.95
Low ₹0 ₹189.55

Frequently Asked Questions

What is RNFI Services Ltd IPO?

Answer Field

RNFI Services Ltd IPO is a SME IPO of 67,44,000 equity shares of a face value of ₹10 aggregating up to ₹70.81 Crores. The issue is priced at ₹105 to ₹105 per share. The minimum order quantity is 1200 Shares. The IPO opens on July 22, 2024, and closes on July 24, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When RNFI Services Ltd IPO will open?

Answer Field

The RNFI Services Ltd IPO opens on July 22, 2024 and closes on July 24, 2024.

What is the lot size of RNFI Services Ltd?

Answer Field

RNFI Services Ltd lot size is 1200 shares, and the minimum amount required is ₹1,26,000.

How to apply for RNFI Services Ltd IPO?

Answer Field

You can apply in RNFI Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is RNFI Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for RNFI Services Ltd IPO will be done on July 25, 2024, and the allotted shares will be credited to your demat account by July 26, 2024.

When is RNFI Services Ltd IPO listing date?

Answer Field

The RNFI Services Ltd listing date is July 29, 2024.

Who is the registrar of RNFI Services Ltd IPO?

Answer Field

The registrar of RNFI Services Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Choice Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of RNFI Services Ltd IPO?

Answer Field

The fresh issue size is ₹70.81 Crores equity shares.

What minimum lot size can retail subscribers subscribe to RNFI Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,26,000 amount.

How can I approve the UPI mandate request for RNFI Services Ltd IPO?

Answer Field

To apply for RNFI Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of RNFI Services Ltd?

Answer Field

The price of each RNFI Services Ltd share will be ranging in between ₹105 to ₹105 per share.

What is the cut-off time for the UPI mandate for RNFI Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 24, 2024.

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