RNFI Services IPO allotment likely today: Here’s how to check status on NSE, Skyline Financial Services

RNFI Services IPO allotment status is likely to be finalised on Thursday, July 25, after the public issue closed with robust investor demand during the subscription period. The NSE SME issue closed with a strong subscription on July 24.

The NSE SME issue was subscribed 221.58 times across categories, with investors applying for over 98.64 crore shares against 44.52 lakh shares on offer. The issue was booked 513.7 times in the Non-institutional investors (NIIs) category and 142.62 times in the retail category.

The initial public offer of RNFI Services Limited was booked 140.66 times in the qualified institutional buyers (QIBs) category.

Investors are now awaiting the finalisation of the IPO's share allotment status. The company is expected to decide on Thursday on the share allotment to eligible bidders.

Investors can check the IPO share allotment status on the NSE websites and the registrar of Skyline Financial Services Private Ltd.

Check RNFI Services share allotment on the NSE website

• Go to the NSE IPO allotment portal- https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login using your username and password
• Choose RNFI Services
• Verify your PAN details
• Enter the IPO application number
• Click on Submit

Steps to check IPO share allotment status on Skyline Financial Services website

• Visit the official website of Skyline Financial Services Pvt Ltd at: https://www.skylinerta.com
• Go to the Investors section and select Public Issues
• Select RNFI Services IPO from drop-down list
• Type in the Client ID, Application No or PAN details
• Click the ‘Search’ button
• RNFI Services IPO price band, issue size and other details

RNFI Services IPO, a book-building issue valued at ₹70.81 crore, comprised entirely a fresh issue of 67.44 lakh shares.

RNFI IPO objective

The company plans to use the money raised via the public issue to fund its working capital and capital expenditure requirements, strengthen its technology infrastructure, develop new capabilities, and achieve inorganic growth through unidentified acquisitions.

About RNFI Services

RNFI Services Limited was established in 2015. The fintech firm offers B2B and B2C solutions through its online portal and mobile application. The company’s business is subdivided into four categories: Business correspondent services, Non-business correspondent services, Full-fledged money changer services, and Insurance broking.