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RNFI Services Limited IPO

India is currently the powerhouse of fintech innovations and with many fintechs focusing on the rapid advancement of cutting-edge payment products we have become the market leader in processing digital transactions. Despite this, there is a large volume of India’s population that still doesn’t have access to basic banking facilities. We have decided to change that. With Relipay, we aim to not only create revolutionary financial solutions but also bridge the gap of technological inaccessibility between rural and urban India.

Issue Open
22-07-2024
Issue Close
24-07-2024
Allotment Date
25-07-2024
Listing Date
29-07-2024
IPO Details
Issue Open 22-07-2024
Issue Close 24-07-2024
Allotment Date 25-07-2024
Listing Date 29-07-2024
IPO Price Band ₹98 to ₹105
Minimum Share Bid 1200
Minimum Investment Amount ₹126000
Total Issue Size 67,44,000 shares (up to ₹70.812 Cr)
Fresh Issue 67,44,000 shares (up to ₹70.812 Cr)
Offer For Sale -
Face Value ₹10 Per Share
Employee Discount -
Qualified Institutional Buyer [QIB] 50%
High Networth Individual [HNI] 15%
Retail Individual Investor [RII] 35%
Listed on NSE SME
Listing Details
Listing Date 29-07-2024
BSE Code -
NSE Code RNFI
ISIN Code INE0SA001017
IPO Price ₹ 105
Lot Size 1200
Expected Listing Price ₹ 175 to ₹ 190
Book Profit ₹ 210
Stop Loss ₹ 160

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Company Financials
Financial YearTotal AssetTotal RevenueTotal ExpensesProfit
FY-2021----
FY-2022116.61190.79182.985.55
FY-2023125.261,069.391,062.854.88
FY-2024190.51943.05930.039.96
Valuation
Earnings Per Share [EPS] ₹ 5.47
Price/Earnings [P/E] Ratio 19.19
Return on Net Worth [RoNW] 40.92 %
Net Asset Value [NAV] ₹ 17.35 Per Share
Lot Size
ApplicationLot SizeSharesTotal Amount
Retail Min11,200₹ 1,26,000
Retail Max11,200₹ 1,26,000
Small HNI22,400₹ 2,52,000
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