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RNFI Services IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Banking And Finance - FinTech sector. Choice Capital Advisors Private is the merchant banker of RNFI Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th March 2024.
RNFI Services IPO open date is 22nd July 2024 and close date is 24th July 2024. IPO Allotment Date is 25th July 2024 and Listing date is 29th July 2024.RNFI Services IPO size is Rs 70.81 Cr. crores with IPO price of Rs 105.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Choice Capital Advisors Private Limited is the book-running lead manager of the RNFI Services IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Choice Equity Broking Private Limited for RNFI Services IPO.
RNFI Services IPO anchor investors are the below investors. The number of anchor investors in this IPO is 10.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| India - Ahead | 381,600.00 | ₹105.00 | ₹40,068,000.00 |
| Chhattisgarh Investments Limited | 283,200.00 | ₹105.00 | ₹29,736,000.00 |
| Rajasthan Global Securities | 190,800.00 | ₹105.00 | ₹20,034,000.00 |
| FINAVENUE GROWTH FUND | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| SB OPPORTUNITIES FUND | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| StepTrade Revolution Fund | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| Kingsman Wealth Fund | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| CCV EMERGING OPPORTUNITIES | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
| chartered finance and | 476,400.00 | ₹105.00 | ₹50,022,000.00 |
| Perennial Emerging Growth | 96,000.00 | ₹105.00 | ₹10,080,000.00 |
RNFI Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
RNFI Services IPO, based in New Delhi, operates in the Banking And Finance - FinTech sector with a focus on financial technology firm. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. RNFI Services IPO size is ₹ 70.81 Cr. Crores with fresh issue size of Rs 70.81 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for RNFI Services IPO is expected to be 25th July 2024, after the finalization of basis of allotment. Investors can check RNFI Services IPO allotment status on the registrars website, Skyline Financial Services Private Limited. RNFI Services IPO refund dates are 26th July 2024.
RNFI Services IPO is expected to be listed on 29th July 2024.
The upper price band for the RNFI Services IPO is set at ₹ 105.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on RNFI Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the RNFI Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th July 2024. After submission, funds are blocked until the basis of allotment of RNFI Services IPO is finalised.
The merchant banker for RNFI Services IPO is Choice Capital Advisors Private Limited . Choice Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the RNFI Services IPO RHP for further details.
The registrar for RNFI Services IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to RNFI Services IPO through their official website or helpline.
RNFI Services IPO was subscribed 221.49 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 70.81 Cr.
Avg IPO Size (Sector Based)
:
₹ 36.74 Cr.
Sector: Banking And Finance - FinTech
SME IPO so far:
10
Merchant Banker:
Choice Capital
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 935.43 cr.
PE
Ratio:
26.30x
Average Sector PE Ratio: 28.33x
RNFI Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on RNFI Services Financial Review Page
Merchant Banker(s) of RNFI Services IPO: Choice Capital Advisors Private Limited
RNFI Services IPO subscription was 221.49 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
RNFI Services IPO listed at a listing price of 189.55 against the offer price of 105.00.
The current market price of RNFI Services is 266.60.
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