31 Mar 2022
Assets116.61
Total Income190.80
Profit After Tax5.55
NET Worth13.30
Reserves and Surplus13.32
Total Borrowing12.64
At a glance
Updated 2026-09-13The shares listed at ₹199.50, a 90.00% move from the issue price. RNFI Services is a SME IPO with an issue size of ₹70.81 crore, proposed for listing on NSE SME. The offer opens on 22nd Jul 2024 and closes on 24th Jul 2024. The issue structure includes a fresh issue of ₹66.78 crore. The current listing schedule points to 29th Jul 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹70.81 Cr
Fresh issue₹66.78 Cr
Face value₹10
Price band₹98.00–₹105.00
Allotment25th Jul 2024
Listing29th Jul 2024
Listing performance
Full performance ↗Issue price₹105.00
Listing price₹199.50
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹89.00
GMP / upper price84.76%
Est. listing₹194.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens22nd Jul 2024
Closes24th Jul 2024
Allotment25th Jul 2024
Refund26th Jul 2024
Demat26th Jul 2024
Listing29th Jul 2024
Subscription demand
Full bidding ↗Total221.49×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹126,000 |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| Funding the working capital requirements of the Company | ₹25.00 Cr |
| Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server | ₹10.81 Cr |
| Strengthening our technology infrastructure to develop new capabilities | ₹5.30 Cr |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes | ₹19.38 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue943.05₹ Cr · -11.8% vs prior year
PAT9.96₹ Cr · +103.7% vs prior year
Assets190.51₹ Cr · +52.1% vs prior year
Net Worth31.60₹ Cr · +54.8% vs prior year
Borrowing36.39₹ Cr · +71.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets125.27
Total Income1,069.40
Profit After Tax4.89
NET Worth20.42
Reserves and Surplus20.43
Total Borrowing21.19
31 Mar 2024
Assets190.51
Total Income943.05
Profit After Tax9.96
NET Worth31.60
Reserves and Surplus13.51
Total Borrowing36.39
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 29.74% |
| Debt / Equity | 1.02% |
| RoNW | 40.92% |
| PAT Margin | 1.06% |
| Price to Book Value | 6.05 |
Valuation & shareholding
Pre-IPO EPS5.47
Post-IPO EPS3.99
Pre-IPO P/E19.19
Post-IPO P/E26.3
Promoter holding pre89.53%
Promoter holding post65.34%
Market cap₹262.00 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| RNFI Services IPO | — | 26.30 x | — | — |
| Finbud Financial IPO | — | 27.08 x | — | — |
| Sodhani Capital IPO | — | 18.55 x | — | — |
| Share Samadhan IPO | — | 23.22 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to BRLM (including underwriting commissions and selling commission) | ₹8.96 Cr |
| Advertising and marketing expenses | ₹0.16 Cr |
| Fees to the Registrar to the Issue | ₹0.10 Cr |
| Fees payable to the Regulators including stock exchanges | ₹0.05 Cr |
| Printing and distribution of Issue stationary | ₹0.02 Cr |
| Brokerage, selling commission uploading/processing fees | ₹0.07 Cr |
| Others (bankers to the Issue, depositories, secretarial, market making, auditor's fees, other professional fees etc.) | ₹0.96 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Choice Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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