RNFI Services Ltd
Price Range
₹98 - ₹105
-
Min. Quantity
1,200
Closes on
24 July 2024
-
Min. investment
₹1,26,000/1,200 Shares
RNFI Services Ltd IPO Timeline
RNFI Services Limited was originally incorporated as RNFI Services Private Limited', a Private Limited Company, dated October 13, 2015 issued by the Registrar of Companies, Delhi. Subsequently, Company got converted into a Public Limited Company and a fresh Certificate of Incorporation dated December 28, 2023 was issued by the Registrar of Companies, Delhi , recording the change in name of Company from RNFI Services Private Limited' to RNFI Services Limited'.
| Event | Date |
|---|---|
| RNFI Services Ltd IPO Opening Date | 22 July 2024 |
| RNFI Services Ltd IPO Closing Date | 24 July 2024 |
| Basis of Allotment | 25 July 2024 |
| Initiation of Refunds | 26 July 2024 |
| Credit of Shares to Demat | 26 July 2024 |
| RNFI Services Ltd IPO Listing Date | 29 July 2024 |
RNFI Services Ltd IPO Details
| RNFI Services Ltd IPO Date | 22 July 2024 to 24 July 2024 |
| RNFI Services Ltd IPO Face Value | ₹10 per share |
| RNFI Services Ltd IPO Price | ₹98 to ₹105 per share |
| RNFI Services Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹70.81 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹70.81 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ranveer Khyaliya, Nitesh Kumar Sharma, Simran Singh Pvt Trust |
RNFI Services Ltd IPO Lot Size
The RNFI Services Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,26,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,26,000 |
| Maximum | 1 | 1,200 | ₹1,26,000 |
- Strengths
- Risks
- Opportunities
- We have a holistic business model providing all-in-one solution in B2B and B2B2C models. Its wide-ranging product and service portfolio enables it to spread its business risk and enhance its ability to adapt to changing market conditions.
- The Company has a technology focused business model with an advanced digital platform.
- The Company has a asset light and scalable business model as its business strategy revolves around a network partner-centric model that emphasizes lean capital investment for network expansion.
- Its extensive network encompasses a diverse range of participants. As of March 5, 2024, the company has a network base of over 3 lakh network partners with presence in 28 States and 5 Union territories.
- Its experienced leadership backed by a skilled professional team continues to contribute to its business's groth and profitability.
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- Funding capital expenditure requirements for the purchase of Micro ATMs/Laptop/Server
- Strengthening its technology infrastructure to develop new capabilities
- Achieving inorganic growth through unidentified acquisition and other strategic initiatives
- General corporate purposes
RNFI Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
RNFI Services Ltd IPO Subscription Status (Bidding Detail)
The RNFI Services Ltd IPO is subscribed 22 times on 24 July 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 22 |
RNFI Services Ltd IPO Prospectus
RNFI Services Ltd IPO Listing Date
| BSE Script | 92957 |
| NSE Symbol | RNFI |
| Listing In | NSE - SME |
| ISIN | INE0SA001017 |
| IPO Price | ₹105 |
| Face Value | ₹10 |
Company Contact Information
UG-5 Relipay House Plot No.42DLF Ind.Area K.Nagar WestDelhi,Delhi-110015
Phone: +91 844 898 5100
Email: cs@rnfiservices.com
Website: www.rnfiservices.com
RNFI Services Ltd IPO Registrar
RNFI Services Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
FAQ
What is the issue size of RNFI Services Ltd IPO?
I have pre-applied for RNFI Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.