RNFI Services SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the RNFI Services IPO. Explore RNFI Services IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
RNFI Services Limited is a tech-enabled platform offering a wide range of financial technology solutions in the B2B and B2B2C segments across India. The company provides banking, digital, and Government to Citizen (G2C) services through an integrated business model via its online portal and mobile application. RNFI Services Limited operates primarily in four segments: business correspondent services, non-business correspondent services, full-fledged money changer services, and insurance broking. The company leverages its extensive network to deliver financial services to underserved populations, particularly in rural and remote areas, while also providing business opportunities for shopkeepers and network partners.
Key Points:
- Segments and Services:
- Business Correspondent Services:
- Includes Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AePS), Micro ATM (M-ATM), and Kiosk banking services.
- Provides doorstep KYC authentication services for prepaid cards and Fastag services.
- Non-Business Correspondent Services:
- Offers utilities and travel-related services such as mobile and DTH recharge, Bharat Bill Payments System (BBPS), PAN card services, IRCTC booking, and flight booking.
- Provides EMI collection services, delinquent loan collection services, and the sale and subscription of products and services for network partners.
- Full-Fledged Money Changer Services:
- Operated through RNFI Money Private Limited, an RBI-registered entity offering foreign exchange services for private and business travel purposes.
- Insurance Broking:
- Conducted through Reliassure Insurance Brokers Private Limited, providing a range of life and general insurance products.
- Business Correspondent Services:
- Network and Reach:
- Front-end distribution network comprises over 3.60 lakh network partners as of June 3, 2024.
- Provides multiple tech-enabled business correspondent and non-business correspondent services through an assisted model.
- Technological Integration:
- Implements a “phygital” strategy, integrating physical and digital functionalities to ensure efficient service delivery.
- Subsidiary Paypsrint Private Limited offers a unified open API platform to enhance customer transactions and satisfaction.
- Strategic Partnerships:
- Entered into arrangements with eleven financial institutions, including national private and public sector banks and payment banks, to provide financial inclusion services as business correspondents.
Objects of the Issue
- Funding the working capital requirements of the Company
- Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server
- Strengthening our technology infrastructure to develop new capabilities
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 22 Jul - 24 Jul 2024 |
| IPO Price Band | ₹ 98 - 105 per share |
| Fresh Issue | 67,44,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 70.81 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 22 Jul 2024 |
| IPO Closing Date | 24 Jul 2024 |
| Basis Of Allotment | 25 Jul 2024 |
| Refunds | 26 Jul 2024 |
| Demat Transfer | 26 Jul 2024 |
| IPO Listing Date | 29 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 135.61 | 190.80 | 1,069.40 | 943.05 |
| Total Expenses | 125.46 | 182.99 | 1,062.86 | 930.03 |
| Net Profit/Loss | 7.46 | 5.55 | 4.89 | 9.96 |
| NPM (*) | 5.57 | 2.95 | 0.46 | 1.06 |
| Total Assets | 104.98 | 116.61 | 125.27 | 190.51 |
| Total Liabilities | 97.13 | 102.92 | 103.86 | 158.51 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2022 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 4.19 | 2.94 | 3.03 | 5.85 |
| ROE (%) | 95.10 | 40.54 | 22.83 | 31.12 |
| ROCE (%) | 78.90 | 33.25 | 24.28 | 29.74 |
| D/E Ratio | 2.17 | 0.85 | 0.90 | 1.02 |
| Current Ratio | 0.74 | 1.06 | 1.10 | 0.97 |
| EBITDA MARGIN (%) | 8.58 | 5.20 | 0.93 | 2.06 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| RNFI Services Limited | 935.42 | 17.95 | 5.85 | 40.92 | 17.35 |
| BLS E-Services Limited | 301.48 | 55.30 | 4.44 | 11.51 | 47.45 |
| Mos Utility Limited | 186.77 | 37.15 | 4.17 | 21.37 | 30.10 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 140.66 |
| Non-Institutional Investor (NII/HNI) | 513.31 |
| Retail Individual Investor (RII) | 142.62 |
| Total | 221.49 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- RANVEER KHYALIYA
- NITESH KUMAR SHARMA
- DEEPANKAR AGGARWAL
- RAJAN KUMAR
- KRISHNA KUMAR DAGA
- CHARANJEET SINGH
- SIMRAN SINGH PRIVATE TRUST
Lead Managers
- Choice Capital Advisors Private Limited
Company Address
RNFI Services Limited
UG-5, Relipay House, Plot No. 42 DLF Industrial Area Kirti Nagar, West Delhi, New Delhi, Delhi, India, 110015
Phone: +91-8448985100
Email: cs@rnfiservices.com
Website: www.rnfiservices.com
FAQs
- What is the issue size of the RNFI Services SME IPO?The RNFI Services SME IPO has an issue size of ₹ 70.81 crore. This includes a fresh issue of 67,44,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the RNFI Services IPO?The price band for the RNFI Services IPO is ₹ 98 - 105 per share.
- What are the bidding dates for the RNFI Services IPO?The RNFI Services IPO will open for bidding on 22 Jul 2024 and close on 24 Jul 2024.
- What is the allotment date for the RNFI Services IPO?The allotment date for the RNFI Services IPO is 25 Jul 2024.
- What is the listing date for the RNFI Services IPO?The listing date for the RNFI Services IPO is 29 Jul 2024.
- What is the RNFI Services IPO grey market premium?The grey market premium (GMP) for the RNFI Services IPO is currently at ₹89, with an expected listing gain of approximately 84.76%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.