RNFI Services IPO price band sets at Rs. 98 to Rs. 105 per equity shares with a face value of Rs. 10 each. The IPO is a book built issue of Rs. 70.81 crore. The issue is is fresh issue of up to 67.44 lakh equity shares.
RNFI Services IPO subscription starts on Monday, July 22, 2024 and ends on Wednesday, July 24, 2024. The allotment for the RNFI Services IPO is expected to be finalized on Friday, July 26, 2024. RNFI Services IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Monday, July 29, 2024.
The minimum order quantity of the issue is 1,200 equity shares. The minimum amount of investment required for Retail is ₹1,26,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,52,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Choice capital Advisory Private Limited is book-running lead manager. ICICI Bank Limited is sponsor bank to the IPO. Skyline Financial Services Private Limited is registrar to the issue.
AlsoreadKataria Industries IPO price band set at Rs.91 to Rs.96/ share, bids start on July 16
Financials –
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 3,159.90 | 2,041.64 | 1,330.24 |
| Revenue | 94,305.10 | 106,939.62 | 19,079.93 |
| PAT | 996.07 | 488.71 | 555.03 |
| PAT Margin | 1.06% | 0.46% | 2.95% |
| Net Cash Flow | 4,707.60 | -2,009.33 | 2,017.25 |
| Total Borrowings | 3,250.59 | 1,935.39 | 1,165.36 |
Risk Factors –
- The Company, its Subsidiaries, its Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- The Company has faced negative cash flow from operating activities in the past year.
Objects of the issue –
- To fund the working capital requirement of the company.
- To fund capital expenditure requirements for the purchase of Micro ATMs / Laptops / Server.
- To strengthen its Technology Infrastructure to develop new capabilities.
- To achieve Inorganic Growth through unidentified acquisition and other strategic initiatives.
- General Corporate Purposes.
About RNFI Services
Founded in 2015, RNFI Services is leading financial solutions provider on the market by providing on the market by providing avant-garde yet simplified and seamless financial solutions.
The Company has a registered head office at DLF International Area, Kirti Nagar, New Delhi, India.