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.
The Company is led by experienced and professional Promoters named, RANVEER KHYALIYA possesses over eight (8) years of experience in the field of fintech, software development and finance; DEEPANKAR AGGARWAL possesses over 18 years of experience in various fields such as operations, compliance and fintech; NITESH KUMAR SHARMA , RAJAN KUMAR, KRISHNA KUMAR DAGA, & CHARANJEET SINGH.
Financially, RNFI Services revenue jumped from ₹19,079.93 Lakhs in FY22 to ₹106,939.62 Lakhs in FY23 and currently at ₹94,305.10 Lakhs in FY24. Similarly, EBITDA is stable from ₹979.66 Lakhs in FY22 to ₹993.87 Lakhs in FY23 and currently at ₹1,923.88 Lakhs in FY24. but the PAT also decreased from ₹555.03 Lakhs in FY22 to ₹488.71 Lakhs in FY23 and currently at ₹996.07 Lakhs in FY24. This indicates a steady financial performance.
For the RNFI Services IPO, the company is issuing shares at a pre-issue EPS of ₹5.47 and a post-issue EPS of ₹3.99. The pre-issue P/E ratio is 19.19x, while the post-issue P/E ratio is 26.31x against the industry P/E ratio of 46.23x. The company's ROCE for FY24 is 29.74%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of RNFI Services indicates potential listing gains of 70% to 75%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to apply for listing gain or long term investment purposes.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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