Contents
- 1 Table of Contents
- 2 RNFI Services IPO (Relipay IPO) Details
- 3 RNFI Services IPO Date
- 4 Lot Size
- 5 RNFI Services IPO GMP (Grey Market Premium)
- 6 RNFI Services IPO Subscription Status
- 7 RNFI Services IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Promoters of RNFI Services Limited
- 11 Financial Performance of RNFI Services Limited
- 12 RNFI Services IPO Valuation
- 13 KPI Of RNFI Services Limited
- 14 Peer Group
- 15 RNFI Services Limited IPO Registrar
- 16 RNFI Services Limited IPO Lead Manager
- 17 RNFI Services Limited IPO Contact
- 18 RNFI Services Limited IPO Application Form PDF
- 19 FAQs for RNFI Services Limited IPO
RNFI Services IPO (Relipay IPO) is a book-built issue valued at Rs 70.81 crores. The entire issue consists solely of 67.44 lakh fresh shares.
RNFI Services IPO is open for subscription on July 22, 2024, and closes on July 24, 2024. The allotment for the IPO is expected on July 25, 2024. RNFI Services IPO will be listed on NSE SME with a listing date fixed as July 29, 2024.
Source from RNFI Services IPO RHP
Table of Contents
RNFI Services IPO (Relipay IPO) Details
| Open Date | July 22, 2024 |
| Close Date | July 24, 2024 |
| Listing Date | July 25, 2024 |
| IPO Size | A total of Rs 70.81 crores and 67.44 lakh shares |
| Fresh Issue | 67,44,000 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹98 to ₹105 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1200 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QBI | 50% |
| Share Offered to HNI | 15% |
RNFI Services IPO Date
- IPO Open Date: July 22, 2024
- IPO Close Date: July 24, 2024
- Allotment: July 25, 2024
- Refunds: July 26, 2024
- Shares Credit to Demat: July 26, 2024
- Listing Date: July 29, 2024
Lot Size
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 24000 | ₹252,000 |
RNFI Services IPO GMP (Grey Market Premium)
If you want to know RNFI Services IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
RNFI Services IPO Subscription Status
RNFI Services IPO subscription starts on July 22, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
RNFI Services IPO Allotment Status
To check the RNFI Services IPO allotment status go to the IPO registrar website ”Skyline Financial Services Private Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
RNFI Services is a tech-driven platform that offers financial technology solutions. Their services are available across India and focus on B2B and B2B2C markets. Here’s a detail of what they do:
- Business Segments:
- Business Correspondent Services: Partner with banks to offer financial services.
- Non-Business Correspondent Services: Provide other financial services outside the business correspondent model.
- Full-Fledged Money Changer Service: Offer currency exchange services through RNFI Money Private Limited, which is approved by the RBI.
- Insurance Broking: Provide insurance services through Reliassure Insurance Brokers Private Limited, registered with the IRDAI for life and general insurance.
- What They Do:
- Tech-Enabled Financial Services: Offer banking, digital, and Government to Citizen (G2C) services through their online portal and mobile app.
- Reach the Underserved: Ensure financial services are available even in remote areas.
- Support Local Businesses: Help shopkeepers and partners offer banking and government services through their platforms.
- How They Operate:
- Partnerships: Work with 11 financial institutions, including national and private banks.
- Business Correspondent Role: Act as intermediaries to offer financial services like KYC authentication, prepaid cards, and Fastag services.
Objects of the Issue
- Funding the working capital requirements of the Company
- Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server
- Strengthening our technology infrastructure to develop new capabilities
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
- General Corporate Purposes
Promoters of RNFI Services Limited
- Promoters
- Ranveer Khayaliya
- Nitesh Kumar Sharma
- Deepankar Aggarwal
- Rajan Kumar
- Krishna Kumar Daga
- Charanjeet Singh
- Simran Singh Private Trust
Financial Performance of RNFI Services Limited
RNFI Services IPO Valuation
KPI Of RNFI Services Limited
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| EBITDA | ₹1,923.88 | ₹993.87 | ₹979.66 |
| EBITDA Margin (%) | 2.06% | 0.93% | 5.20% |
| Net Profit after Tax | ₹996.07 | ₹488.71 | ₹555.03 |
| Net Profit Margin (%) | 1.06% | 0.46% | 2.95% |
| Return on Net Worth (%) | 40.92% | 31.99% | 49.42% |
| Return on Capital Employed (%) | 29.74% | 24.28% | 33.25% |
| Debt-Equity Ratio | 1.02 | 0.90 | 0.85 |
This table presents the key financial metrics over the three financial years, making it easy to compare the performance across these periods.
Peer Group
- BLS E-Services Limited
- Mos Utility Limited
RNFI Services Limited IPO Registrar
Skyline Financial Services Private Limited
D-153 A, 1st Floor Okhla Industrial Area, Phase-I
New Delhi – 110 020, India
Telephone: +91 11 40450193-97
RNFI Services Limited IPO Lead Manager
Choice Capital Advisors Private Limited
Sunil Patodia Tower, Plot No.156-158
J.B. Nagar, Andheri (East),
Mumbai – 400 099, Maharashtra, India
Telephone: +91 22 6707 9999 / 7919
E-mail: rnfi.ipo@choiceindia.com
Website: www.choiceindia.com/merchant-investment-banking
RNFI Services Limited IPO Contact
RNFI Services Limited
UG-5, Relipay House, Plot No. 42,
DLF Industrial Area Kirti Nagar, West Delhi,
New Delhi, Delhi, India, 110 015
Phone: +91 844 898 5100
E-mail: cs@rnfiservices.com
Website: www.rnfiservices.com
RNFI Services Limited IPO Application Form PDF
To download the RNFI Services Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
FAQs for RNFI Services Limited IPO
What is the RNFI Services IPO?
RNFI Services IPO is an Initial Public Offering on NSE SME to raise ₹70.81 crores. The IPO is priced between ₹98 and ₹105 per equity share.
How can I apply for the RNFI Services IPO?
You can apply for the RNFI Services IPO through ASBA in your bank account or download the IPO application form from the NSE website and submit it to your bank or broker.
How do I apply for RNFI Services IPO through Zerodha?
Log in to Zerodha Console, go to Portfolio > IPO, select “RNFI Services,” enter your UPI ID and quantity, and submit the IPO application. Approve the mandate in your UPI app.
What are the objectives of the RNFI Services IPO?
The objectives of the IPO are to fund working capital requirements, purchase Micro ATMs/laptops/servers, strengthen technology infrastructure, achieve inorganic growth through acquisitions, and for general corporate purposes.
