RNFI Services Limited

Company Profile
Company Name RNFI Services Limited
Open Date 22-07-2024
Close Date 24-07-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹98 to ₹105 per share
Issue Size 67,44,000 shares
Application Amount ₹ 1,26,000
Recommendation Avoid
Incorporated in 2015, RNFI Services Limited is a financial technology firm that offers B2B and B2B2C solutions through its online portal and mobile application. It focuses on providing banking, digital, and Government-to-Citizen (G2C) services across India. The company has 4 Business segments, namely: Business correspondent services; non-business correspondent services; Full-fledged money changer service; and Insurance broking. The company derives the majority of its revenue from Full-fledged money changer service forming nearly 69% of its revenue for FY Ended 2024. The company has 1,405 permanent employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 18,825.26 1,06,659.37 93,542.38
EBITDA 721.99 713.62 1,161.15
Net Profit 555.02 488.73 996.06
RoCE 25.80% 14.76% 15.52%
ROE 40.53% 22.83% 31.12%
P/E 35.71 34.65 17.95

Tentative Timeline

Opening Date 22-07-2024
Closing Date 24-07-2024
Basis of Allotment 25-07-2024
Initiation of Refunds 26-07-2024
Credit of Shares to Demat 26-07-2024
Listing Date 29-07-2024

Objects of the Issue

Funding the working capital requirements of the Company.
Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server.
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives.
General Corporate Purposes.

Contact Information

Registered Office RNFI Services Limited UG-5, Relipay House, Plot No. 42 DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, -110015
Phone +91-8448985100
Email cs@rnfiservices.com
Website https://www.rnfiservices.com/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.74%
Share Holding Post Issue (Promoters) 63.82%

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