RNFI Services Soars 90% in Blockbuster NSE SME Debut, Shares List at ₹199.50!RNFI Services Soars 90% in Blockbuster NSE SME Debut, Shares List at ₹199.50!

RNFI Services made a remarkable debut on the NSE SME, with shares opening at ₹199.50 each, marking a 90% premium over the IPO price of ₹105. This strong start on Monday reflects significant market confidence in the company’s stock.

RNFI Services IPOs on Day 3 reached an impressive subscription rate of 212.56 times, showing exceptionally high investor interest and demand. This robust participation underscores the strong market confidence in the company’s growth potential and financial prospects.

RNFI Services Limited, a tech-enabled platform, provides comprehensive financial technology solutions across India. It specialises in both business and non-business correspondent services, including money changing and insurance broking through its subsidiaries. The company’s extensive network and advanced technology support a wide range of services, from payments to remittances, enhancing its competitive position and bridging financial inclusion gaps with a phygital approach.

RNFI Services Limited aims to enhance working capital, invest in technology, and expand through acquisitions. Funds will support micro ATMs, technology upgrades, and strategic growth initiatives across various fintech sectors.