IPO Trending
RNFISME / NSEListed
RNFI SERVICES

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.

DRHPANCHOR
₹98 - ₹105221.58x sub
Listed Price₹199.50
Listing Gain+90.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open22 Jul 2024
Close24 Jul 2024
Allotment25 Jul 2024
Listing29 Jul 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail22,26,000 shares
33.01%
Nii (hni)9,54,000 shares
14.15%
Anchor19,08,000 shares
28.29%
QIB12,72,000 shares
18.86%
Market Maker3,84,000 shares
5.69%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,26,000
HNI2 Lots (2,400 shares)
₹2,52,000

Company Promoters

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

Company Background

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 w...

Lead Managers & Bankers

Choice Capital Advisors Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹94305.1 Cr
Growth+394.3%
Revenue Trend (₹ in Crores)
0.041.0k82.0k123.0kMar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2494,305.10996.0719,051.38 3,638.37
Mar-23106,939.62488.7112,526.712,118.75
Mar-2219,079.93555.0311,661.341,264.05

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-245.850%24.28%19.1926.3
Mar-233.030%24.28%00
Mar-222.940%33.25%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
25 Jul 2024
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
29 Jul 2024

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for RNFI SERVICES. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Jul 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date29 Jul 2024Trading commences on exchange

How to Check RNFI SERVICES Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select RNFI SERVICES from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About RNFI SERVICES IPO

Complete issue overview for RNFI SERVICES (RNFI) IPO. The issue features an equity share price band of ₹98 – ₹105 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,26,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions