RNFI Services Limited IPO GMP

At RNFI Services Limited, they strive to simplify digital payments to make them more convenient, reliable, and accessible for all ensuring that location is not a limiting factor. 

RNFI Services IPO, a Book Built issue amounting to ₹70.81 crores, consisting entirely a Fresh Issue of 67.44 lakh Shares. The subscription period for the RNFI Services IPO opens on July 22, 2024, and closes on July 24, 2024. The allotment is expected to be finalized on or about Thursday, July 25, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, July 29, 2024.

The Share price band of RNFI Services IPO is set at ₹98 to ₹105 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹126,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹252,000.

Choice Capital Advisors Private Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar for the Issue. Choice Equity Broking Private Limited will act as the Market Maker for the RNFI Services IPO.

RNFI Services Limited IPO GMP Today
The Grey Market Premium of RNFI Services Limited IPO is expected in the range of ₹70 to ₹75 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

RNFI Services Limited IPO Live Subscription Status Today
As of 04:22 PM on 23 July 2024, the RNFI Services Limited IPO live subscription status shows that the IPO subscribed 21.49 times on day 2 . Check the RNFI Services Limited IPO Live Subscription Status Today at NSE.

RNFI Services Limited IPO Allotment Status
RNFI Services IPO allotment date is 25 July, 2024, Thursday. RNFI Services IPO Allotment will be out on 25th July 2024 and will be live on Registrar Website from the allotment date. Check RNFI Services Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select RNFI Services Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of RNFI Services Limited IPO
RNFI Services Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹2,500.00 Lakhs is required for Funding the working capital of the Company 
2. ₹1,081.34 Lakhs is required for Funding Capital expenditure for the Purchase of Micro ATMs/laptops/Server 
3. ₹530.00 Lakhs is required for Strengthening our technology infrastructure to develop new capabilities 
4. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives 
5. General Corporate Purposes

Refer to RNFI Services Limited RHP for more details about the Company.