Skip to main content
  1. Home
    /
  2. IPO
    /
  3. RNFI Services Limited
RNFI Services Limited

RNFI Services Limited

listed
₹1.18LMin. investment

RNFI Services Limited IPO Details

Price range₹98.00 – ₹105
IPO type
SME
Lot size1200 shares
Issue size₹70.81Cr

RNFI Services Limited Timeline

  1. Bid start
    22 Jul 2024
  2. Bid end
    24 Jul 2024
  3. Allotment
    24 Jul 2024
  4. Release of funds
    26 Jul 2024
  5. Demat transfer
    25 Jul 2024
  6. Listing
    29 Jul 2024

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:
  1. Funding the working capital requirements of the Company 
  2. Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server 
  3. Strengthening our technology infrastructure to develop new capabilities 
  4. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives 
  5. General Corporate Purposes

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

RNFI Services Limited Contact Details

Company NameRNFI Services Limited

How to apply for RNFI Services Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Rnfi Services IPO FAQs

Investors can apply for the RNFI Services Limited through their Demat account via the stock exchange or through their broker.
The issue size of the RNFI Services Limited is 70.81 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
RNFI Services Limited will be open between 2024-07-22 and 2024-07-24.
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.
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.
The shares are proposed to be listed on the BSE and NSE.
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.
The RNFI Services Limited lot size is 1200 and minimum order quantity is 1200.
RNFI Services Limited has set the price band for its IPO at 105 per equity share with a face value of 10.