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RNFISME / NSEListed

RNFI SERVICES LIMITED

RNFI Services Limited, founded in 2015, is a fintech company providing comprehensive B2B and B2B2C solutions across India, focusing on banking, digital, and Government-to-Citizen services. The company operates through business correspondent services, non-business correspondent services, full-fledged money changer services, and insurance broking, partnering with 11 financial institutions, including public and private banks, to promote financial inclusion. As of mid-2024, RNFI processes over 115 lakh monthly transactions, operates across 28 states and 5 Union Territories covering 17,964 pin codes, and has a workforce of 1,405 employees with 360,000+ network partners nationwide. Its key services include domestic money transfers, AEPS, Micro ATM, kiosk banking, doorstep e-KYC, utility and travel services, EMI and delinquent loan collections, and product and service sales, making it a significant enabler of tech-driven financial services in India.

₹98 - ₹105221.58x sub
Listed Price199.50
Listing Gain+90.00%
TimelineBookbuilding IPO
Open22 Jul 2024
Close24 Jul 2024
Allotment25 Jul 2024
Listing29 Jul 2024

Quota Reservation Portions

RetailPortion: 22,26,000 shares
33.01%
Nii (hni)Portion: 9,54,000 shares
14.15%
AnchorPortion: 19,08,000 shares
28.29%
QIBPortion: 12,72,000 shares
18.86%
Market MakerPortion: 3,84,000 shares
5.69%

Minimum Application Bracket Matrix

Retail1 lots / 1,200 shares
₹1,26,000
HNI2 lots / 2,400 shares
₹2,52,000

About the Company

RNFI Services Limited, founded in 2015, is a fintech company providing comprehensive B2B and B2B2C solutions across India, focusing on banking, digital, and Government-to-Citizen services. The company operates through business correspondent services, non-business correspondent services, full-fledged money changer services, and insurance broking, partnering with 11 financial institutions, including public and private banks, to promote financial inclusion. As of mid-2024, RNFI processes over 115 lakh monthly transactions, operates across 28 states and 5 Union Territories covering 17,964 pin codes, and has a workforce of 1,405 employees with 360,000+ network partners nationwide. Its key services include domestic money transfers, AEPS, Micro ATM, kiosk banking, doorstep e-KYC, utility and travel services, EMI and delinquent loan collections, and product and service sales, making it a significant enabler of tech-driven financial services in India.

Company Promoters

Ranveer KhyaliyaNitesh Kumar Sharma Deepankar Aggarwal Rajan KumarKrishna Kumar Daga Charanjeet Singh Simran Singh Private Trust.

Registrar

Skyline Financial Services Private Limited