RNFI SERVICES LIMITED
ListedSMEFinancial 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
Close
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
Overall Subscription
221.58x
Total Demand
QIB Multiplier
140.66x
Institutions & Funds
NII / HNI
513.71x
High Net-Worth
Retail (RII)
142.62x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,272,000 | 178,922,400 | 140.66x |
| NIB | 954,000 | 490,078,800 | 513.71x |
| RETAIL | 2,226,000 | 317,475,600 | 142.62x |
| Total | 4,452,000 | 986,476,800 | 221.58x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,967 | 280,534 | 142.62x |
| HNIs (10L +) | 13 | 6,678 | 513.71x |
| HNIs (2-10L) | 60 | 30,823 | 513.71x |
| Total Applications | 2,040 | 318,035 | 155.90x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is RNFI SERVICES LIMITED IPO GMP today?
The latest Grey Market Premium (GMP) for RNFI SERVICES LIMITED IPO is ₹89 per equity share. Based on the upper price band of ₹98 to ₹105 per equity share, the estimated listing price is ₹194 (+84.8% expected listing gain).
What is the expected profit per lot for RNFI SERVICES LIMITED IPO?
With a lot size of 1200 shares and current GMP of ₹89, the expected profit per application lot is approx ₹1,06,800 (+84.8% gain). Minimum application cost is approx ₹1,26,000.
What is the issue size and price band for RNFI SERVICES LIMITED IPO?
The RNFI SERVICES LIMITED IPO aggregate issue size is ₹70.81 Crores with an equity price band set at ₹98 to ₹105 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,26,000.
How can I check RNFI SERVICES LIMITED IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 221.58x (Retail: 142.62x, QIB: 140.66x, NII: 513.71x). You can track live multiples directly on our dedicated subscription page.
Where and when will RNFI SERVICES LIMITED IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-07-25. Investors can verify status using PAN card or application number.
When is the listing date for RNFI SERVICES LIMITED IPO?
RNFI SERVICES LIMITED shares are scheduled to list on NSE on 2024-07-29.