RNFI SERVICES LIMITED
Bookbuilding IPO · NSE
- Price band
- ₹98 - ₹105
- Lot size
- 1,200 shares
- Issue amount
- ₹70.81 cr
- Total subscription
- 221.58×
- Opens
- 22 Jul 2024
- Closes
- 24 Jul 2024
- Allotment
- 25 Jul 2024
- Listing
- 29 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 67,44,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,17,600
- Fresh issue
- ₹70.81 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,82,08,688
- Shares after issue
- 2,49,52,688
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,26,000 |
| HNI | 2 | 2,400 | ₹2,52,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.36 | 1,878.69 |
| RETAIL | 23.37 | 3,333.49 |
| NIB | 10.02 | 5,145.83 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.85 | 3.03 | 2.94 |
| ROE | 0 | 0 | 0 |
| ROCE | 24.28 | 24.28 | 33.25 |
| RONW | 40.92 | 31.99 | 49.42 |
| PRE IPO(PE) | 19.19 | 0 | 0 |
| POST IPO(PE) | 26.3 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- All-in-One Business Model: RNFI Services Limited provides a complete solution under one roof through B2B and B2B2C models, offering a variety of products and services to reduce business risks and easily adapt to market changes.
- Tech-Driven Operations: The company uses a modern digital platform to deliver fast, efficient, and innovative services.
- Light & Scalable Growth: RNFI follows a partner-based approach that requires minimal investment, making it easier to expand and scale the business quickly
Risk factors
- Regulatory Dependence: RNFI earns a big chunk of its revenue from banking partners regulated by the RBI. If RBI changes its rules or policies, it could affect RNFI's business and financial health.
- Dependence on Network Partners: RNFI's business heavily relies on bringing in and keeping front-end network partners. If the company fails to attract or retain them, its operations and future growth could suffer.
- IT System Risks: Since RNFI depends on IT systems, any technical glitch, system failure, or data breach could hurt its operations and reputation. The company's success also depends on how well it keeps up with new technology.
Promoters
Ranveer Khyaliya
Nitesh Kumar Sharma
Deepankar Aggarwal
Rajan Kumar
Krishna Kumar Daga
Charanjeet Singh
Simran Singh Private Trust.
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
UG-5, Relipay House, Plot No. 42, DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, -110015
+91-8448985100
[email protected]Company website ↗Understanding RNFI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.