RNFI Services IPO | Will you Subscribe?

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's business can be divided into four categories:-

• Business correspondent services;
• Non-business correspondent services;
• Full-fledged money changer service; and
• Insurance broking.

RNFI Services IPO opens for subscription on July 22, 2024 and closes on July 24, 2024. The allotment for the RNFI Services IPO is expected to be finalized on Thursday, July 25, 2024. RNFI Services IPO will list on NSE SME with tentative listing date fixed as Monday, July 29, 2024.

RNFI Services IPO price band is set at ₹98 to ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.

GMP is ₹38

Expected Return is 36.19%

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