What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the RNFI SERVICES LIMITED IPO allotment date?

The basis of allotment for RNFI SERVICES LIMITED IPO is scheduled to be finalized on 25 Jul 2024.

Where can I check RNFI SERVICES LIMITED IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 26 Jul 2024.

RNFI SERVICES LIMITED

ListedSME

Financial Services · NSE

RNFI Services Limited, founded in 2015, is a fintech company providing comprehensive B2B and B2B2C solutions across India, focusing on banking, digital, and Government-to-Citizen services. The company operates through business correspondent services, non-business correspondent services, full-fledged money changer services, and insurance broking, partnering with 11 financial institutions, including public and private banks, to promote financial inclusion. As of mid-2024, RNFI processes over 115 lakh monthly transactions, operates across 28 states and 5 Union Territories covering 17,964 pin codes, and has a workforce of 1,405 employees with 360,000+ network partners nationwide. Its key services include domestic money transfers, AEPS, Micro ATM, kiosk banking, doorstep e-KYC, utility and travel services, EMI and delinquent loan collections, and product and service sales, making it a significant enabler of tech-driven financial services in India.

Price Band

₹98 – ₹105

Issue Size

₹70.81 Cr

Lot Size

1200 shares

GMP

₹89

+84.8%

Est. Listing

₹194

at current GMP

Subscribed

221.58x

overall

Open

22 Jul 2024

24 Jul 2024

Allotment

25 Jul 2024

Refund

26 Jul 2024

Demat Credit

27 Jul 2024

Listing

29 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

RNFI SERVICES LIMITED Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

25 Jul 2024

Basis finalization

Refunds Initiate

26 Jul 2024

Mandate release

Demat Credit

27 Jul 2024

Shares in demat

Listing Debut

29 Jul 2024

Trading begins

How to Check RNFI SERVICES LIMITED IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
Select RNFI SERVICES LIMITED from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About RNFI SERVICES LIMITED Public Issue & Market Profile

RNFI SERVICES LIMITED is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹70.81 Crores. The shares are offered at a price band of ₹98 to ₹105 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,26,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-27, while un-allotted funds or UPI block mandates will be released on 2024-07-26.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.