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Open
22 Jul 2024
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Close
24 Jul 2024
3
Allotment
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Listing
Mon, Jul 29, 2024
Price Band
₹98 to ₹105
Issue Size
67,44,000 shares (agg. up to ₹71 Cr)
Lot Size
1,200 Shares
Listing Date
Mon, Jul 29, 2024
Latest GMP
₹89
Est. Gain
84.76%
✦ AI Insight
GMP Trend
29-07-2024₹89Est. ₹194+84.76%
28-07-2024₹89Est. ₹194+84.76%
27-07-2024₹89Est. ₹194+84.76%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 161.67x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 190.51 | 125.27 | 116.61 |
| Total Income | 943.05 | 1,069.40 | 190.80 |
| Profit After Tax | 9.96 | 4.89 | 5.55 |
| NET Worth | 31.60 | 20.42 | 13.30 |
| Reserves and Surplus | 13.51 | 20.43 | 13.32 |
| Total Borrowing | 36.39 | 21.19 | 12.64 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Akiko Global Services Ltd. | SME | ₹23.11 Cr | ₹77 | 13.2 | ₹93.35 | +21.23% | ₹320.05 (+4.99%) |
| Beacon Trusteeship Ltd. | SME | ₹32.52 Cr | ₹60 | 16.49 | ₹94.50 | +57.50% | ₹95.85 (-0.16%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 25.00 |
| 2 | Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server | 10.81 |
| 3 | Strengthening our technology infrastructure to develop new capabilities | 5.30 |
| 4 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes | 19.38 |
About RNFI Services IPO
Incorporated in 2015, RNFI Services Limited is a financial technology firm that offers B2B and B2B2C solutions through its online portal and mobile application. It focuses on providing banking, digital, and Government-to-Citizen (G2C) services across India. The company's business can be divided into four categories:- Business correspondent services; Non-business correspondent services; Full-fledged money changer service; and Insurance broking. As of July 2024, the company has partnered with eleven financial institutions, including National private and public sector banks and payment banks. These institutions are engaged as business correspondents to provide financial inclusion services. As of March 31, 2024, the company has processed over 115 lakh monthly transactions. As of June 3, 2024, it operates in over 28 states and 5 Union territories, covering 17,964 pin codes nationwide through its distribution network. As of March 31, 2024, the company has 1,405 employees on a standalone basis, playing a significant role in its growth. As of June 3, 2024, the company has over 360,000 network partners across India, providing various tech-enabled services. The company provides transactional
Contact Details
RNFI Services Ltd. AddressUG-5, Relipay HousePlot No.42DLF Industrial Area Kirti NagarDelhi, New Delhi, 110015+91-8448985100cs@rnfiservices.comVisit Website