RNFI Services Ltd
Price Range
₹98 - ₹105
Min. Quantity
1,200
Closes on
24 July 2024
Min. investment
₹1,26,000/1,200 Shares
RNFI Services Ltd IPO Timeline
RNFI Services Limited was originally incorporated as RNFI Services Private Limited', a Private Limited Company, dated October 13, 2015 issued by the Registrar of Companies, Delhi. Subsequently, Company got converted into a Public Limited Company and a fresh Certificate of Incorporation dated December 28, 2023 was issued by the Registrar of Companies, Delhi , recording the change in name of Company from RNFI Services Private Limited' to RNFI Services Limited'.
| Event | Date |
|---|---|
| RNFI Services Ltd IPO Opening Date | 22 July 2024 |
| RNFI Services Ltd IPO Closing Date | 24 July 2024 |
| Basis of Allotment | 25 July 2024 |
| Initiation of Refunds | 26 July 2024 |
| Credit of Shares to Demat | 26 July 2024 |
| RNFI Services Ltd IPO Listing Date | 29 July 2024 |
RNFI Services Ltd IPO Details
| RNFI Services Ltd IPO Date | 22 July 2024 to 24 July 2024 |
| RNFI Services Ltd IPO Face Value | ₹10 per share |
| RNFI Services Ltd IPO Price | ₹98 to ₹105 per share |
| RNFI Services Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹70.81 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹70.81 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ranveer Khyaliya, Nitesh Kumar Sharma, Simran Singh Pvt Trust |
RNFI Services Ltd IPO Lot Size
The RNFI Services Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,26,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,26,000 |
| Maximum | 1 | 1,200 | ₹1,26,000 |
- Strengths
- Risks
- Opportunities
- 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.
- The Company has a technology focused business model with an advanced digital platform.
- 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.
- 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.
- Its experienced leadership backed by a skilled professional team continues to contribute to its business's groth and profitability.
Company Financials
RNFI Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- Funding capital expenditure requirements for the purchase of Micro ATMs/Laptop/Server
- Strengthening its technology infrastructure to develop new capabilities
- Achieving inorganic growth through unidentified acquisition and other strategic initiatives
- General corporate purposes
RNFI Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
RNFI Services Ltd IPO Subscription Status (Bidding Detail)
The RNFI Services Ltd IPO is subscribed 22 times on 24 July 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 22 |
RNFI Services Ltd IPO Prospectus
RNFI Services Ltd IPO Listing Date
| Listing Date | 29 July 2024 |
| BSE Script | 92957 |
| NSE Symbol | RNFI |
| Listing In | NSE - SME |
| ISIN | INE0SA001017 |
| IPO Price | ₹105 |
| Face Value | ₹10 |
Company Contact Information
UG-5 Relipay House Plot No.42DLF Ind.Area K.Nagar WestDelhi,Delhi-110015
Phone: +91 844 898 5100
Email: cs@rnfiservices.com
Website: www.rnfiservices.com
RNFI Services Ltd IPO Registrar
RNFI Services Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
FAQ
What is the issue size of RNFI Services Ltd IPO?
I have pre-applied for RNFI Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.