This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding the working capital requirements of the company
Funding capital expenditure requirements for the purchase of micro ATMs/laptops/server
Strengthening the technology infrastructure to develop new capabilities
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
The company provides all-in-one solutions for B2B and B2B2C with a wide-ranging product and service portfolio. It is a tech-enabled platform offering financial technology solutions through its online portal and mobile application, offering diverse services
Asset light
The company's business strategy revolves around a network partner-centric model that emphasizes lean capital investment for network expansion. This arrangement lowers the operating expenses and extends reach into diverse markets
Legal proceedings
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 the business, results of operations, and financial condition
Negative cash flows
The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on the business, prospects, financial condition, cash flows, and results of operations
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About RNFI Services Limited
RNFI Services was incorporated on October 13, 2015. The company is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via the online portal and mobile application, focusing on providing banking, digital, and government-to-citizen services on a PAN Indian basis.
Promoter
Ranveer Khyaliya
Promoter
Nitesh Kumar Sharma
Promoter
Deepankar Aggarwal
Promoter
Rajan Kumar
Promoter
Krishna Kumar Daga
Promoter
Charanjeet Singh
RNFI Services Limited IPO FAQs
What is RNFI Services Limited IPO?
RNFI Services Limited IPO refers to the initial public offering of shares by RNFI Services Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of RNFI Services Limited IPO?
For RNFI Services Limited IPO the issue size is ₹71 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the RNFI Services Limited IPO?
For RNFI Services Limited IPO the minimum investment is ₹1,17,600. The minimum investment for RNFI Services Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of RNFI Services Limited IPO?
For RNFI Services Limited IPO the lot size is 1200 shares. The lot size of RNFI Services Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for RNFI Services Limited IPO on Share.Market?
To apply for RNFI Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the RNFI Services Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for RNFI Services Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for RNFI Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of RNFI Services Limited IPO?
For RNFI Services Limited IPO the allotment date is July 25, 2024. The allotment date of RNFI Services Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of RNFI Services Limited IPO?
For RNFI Services Limited IPO, the subscription opens on July 22, 2024 and closes on July 24, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
