Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
RNFI Services had an impressive market debut on Monday, listing at ₹199.50 per share on NSE SME, a 90% premium over the IPO price of ₹105. This listing aligns with street expectations, as the grey market premium (GMP) for RNFI Services IPO was 85%.
The IPO opened for subscription from July 22 to July 24, with allotments finalized on July 25 and the listing date set for July 29. The IPO was an SME issue with shares listed on NSE SME, priced between ₹98 and ₹105 per share. The company raised ₹70.81 crore from the fresh issue of 67.44 lakh equity shares.
Choice Capital Advisors Pvt Ltd acted as the lead manager, and Skyline Financial Services Private Ltd served as the IPO registrar. The IPO was heavily subscribed, with a total subscription of 221.49 times. It received bids for 98.60 crore shares against the 44.52 lakh shares on offer, with 142.62 times in the retail category, 140.66 times in the QIB category, and 513.31 times in the NII category.
RNFI Services is a tech-driven platform offering a range of financial solutions in the B2B and B2B2C segments, including banking, digital, and G2C services across India. Its operations are categorized into four main segments: business correspondent services, non-business correspondent services, money changer services, and insurance broking.
Chat on WhatsApp
Request a call back
