The RNFI Services IPO commenced on July 22, 2024, and concluded on July 24, 2024. The allotment of shares took place on July 25, 2024, and the initiation of refunds began on July 26, 2024. The shares were credited to the demat accounts of investors on July 26, 2024. Finally, the listing of RNFI Services on the stock exchange occurred on July 29, 2024.
The RNFI Services IPO was priced at ₹98 to ₹105 per share, with a lot size of 1200 shares. The total size of RNFI Services IPO is ₹70.81 crores out of which ₹70.81 crores is fresh issue. The IPO was listed on the NSE ME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
RNFI Services IPO Basic Details
| Company Name | RNFI Services Limited |
| RNFI Services IPO GMP Today | ₹50 |
| RNFI Services IPO Listing Gain | 47.62% |
| RNFI Services IPO Open Date | July 22, 2024 |
| RNFI Services IPO Close Date | July 24, 2024 |
| RNFI Services IPO Allotment Date | July 25, 2024 |
| RNFI Services IPO Listing Date | July 29, 2024 |
| Face Value | ₹10 per share |
| Price | ₹98 to ₹105 per share |
| Lot Size | 1200 Shares |
| Issue Size | 6,744,000 shares (aggregating up to ₹70.81 Cr) |
| Fresh Issue | 6,744,000 shares (aggregating up to ₹70.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
RNFI Services IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹50 | 47.62% | – | – |
| 18 July 2024 | ₹50 | 47.62% | – | – |
RNFI Services Limited IPO Details:
Incorporated in 2015, RNFI Services Limited is a fintech company that provides B2B and B2B2C solutions through its online portal and mobile app. The company focuses on delivering banking, digital, and Government-to-Citizen (G2C) services across India.
RNFI’s business is categorized into four main areas:
- Business correspondent services
- Non-business correspondent services
- Full-fledged money changer services
- Insurance broking
As of July 2024, RNFI has partnered with eleven financial institutions, including national private and public sector banks and payment banks, to offer financial inclusion services.
By March 31, 2024, RNFI had processed over 115 lakh monthly transactions. As of June 3, 2024, the company operates in more than 28 states and 5 union territories, covering 17,964 pin codes nationwide. With 1,405 employees as of March 31, 2024, RNFI plays a significant role in the fintech sector’s growth.
By June 3, 2024, RNFI had over 360,000 network partners across India, providing a variety of tech-enabled services.
RNFI offers several business correspondent services, including Domestic Money Transfer, Aadhaar Enabled Payment System, and Micro ATM. They also provide kiosk banking services and doorstep services for private sector banks to conduct e-KYC for prepaid cards and fastags.
In addition, RNFI offers non-business correspondent services such as utility and travel-related services, EMI collection, delinquent loan collections, and the sale of products and services to meet the needs of its network partners.
RNFI Services IPO More Details Click Here
RNFI Services IPO FAQs
When is RNFI Services IPO open?
RNFI Services IPO will open on 22 July 2024.
When is RNFI Services IPO Close?
RNFI Services IPO will be closed on 24 July 2024.
What is RNFI Services IPO GMP Today?
The RNFI Services IPO GMP aka Grey Market Premium is ₹50.
What is RNFI Services IPO Kostak Rates Today?
The RNFI Services IPO Kostak Rate is ₹000.
What is RNFI Services IPO Subject to Sauda Price Today?
The RNFI Services IPO subject to sauda rates is ₹000.
RNFI Services IPO Expected Returns?
The RNFI Services expected return is 47.62%.
How much will be the listing gain in RNFI Services IPO?
RNFI Services IPO will get listing gain of 47.62%. (Approx.)
