What are the open and close dates of the RNFI Services Limited ?

RNFI Services Limited will be open between 2024-07-22 and 2024-07-24.

What is the allotment date for the RNFI Services Limited ?

RNFI Services Limited allotment date is 2024-07-25. For RNFI Services Limited allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of RNFI Services Limited ?

For RNFI Services Limited, the IPO registrar is Skyline Financial Services Private Limited. You can check RNFI Services Limited allotment status on the website of the registrar.

Where is the RNFI Services Limited getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will RNFI Services Limited shares be credited to your demat account?

The RNFI Services Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the RNFI Services Limited ?

The RNFI Services Limited lot size is 1200 and minimum order quantity is 1200.

What is the price band for the RNFI Services Limited ?

RNFI Services Limited has set the price band for its IPO at 105 per equity share with a face value of 10.

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RNFI Services Limited

listed

₹1.18LMin. investment

Bid start
22 Jul
Bid end
24 Jul
Allotment
24 Jul
Release of funds
26 Jul
Demat transfer
25 Jul
Listing
29 Jul

RNFI Services Limited IPO Details

Issue size

₹70.81Cr

IPO type

SME

Price range

₹98.00 – ₹105

Lot size

1200 shares

Price range₹98.00 – ₹105

IPO type

SME

Lot size1200 shares

Issue size₹70.81Cr

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About RNFI Services Limited

Incorporated in 2015, RNFI Services Limited is a technology-enabled platform offering a range of financial technology solutions in the B2B and B2B2C sectors, leveraging a robust integrated business model through their online portal and mobile application. Their core focus lies in providing comprehensive banking, digital, and Government to Citizen (G2C) services nationwide. They have segregated their business into four key segments— business correspondent service, non-business correspondent services, full-fledged money changer services through RNFI Money Private Limited, and insurance broking via Reliassure Insurance Brokers Private Limited.

RNFI Services Limited have been dedicated to empowering rural India with accessible financial technology solutions, contributing to the vision of a DIGITAL BHARAT. Their extensive network spans over 3.60 lakh network partners, delivering a range of tech-enabled services including Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AePS), Micro ATM services, and more. They process over 115 lakh monthly transactions and operate in 28 states, 5 Union territories, and over 17,964 pin codes, underscoring their significant presence and impact.

At RNFI, they integrate "phygital" strategies seamlessly, combining physical and digital functionalities to enhance service delivery. Through subsidiary Paypsrint Private Limited, they provide cutting-edge API infrastructure that consolidates digital banking ecosystems, revolutionizing transaction processes for improved customer adoption and satisfaction. Their non-business correspondent services encompass a diverse array of utilities, travel-related services, BBPS, PAN card services, G2C services, and more, catering to the varied needs of their network partners. This holistic approach, coupled with their expansive distribution channels and robust technology framework, positions RNFI Services Limited as a leader in the competitive landscape of financial technology solutions in India. Their comprehensive network, combined with advanced technology solutions, positions them uniquely in the competitive landscape of payments, remittance solutions, utility payments, and travel services.

As RNFI Services Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:

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

Frequently asked questions

How to invest in the RNFI Services Limited ?

Investors can apply for the RNFI Services Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of RNFI Services Limited ?

The issue size of the RNFI Services Limited is 70.81 Cr.

What is 'pre-apply' for RNFI Services Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will RNFI Services Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.

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About RNFI Services Limited

As RNFI Services Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:

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