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RNFI Services IPO GMP Today, Price Range, and Company Details

RNFI Services IPO GMP Today, Price Range, and Company Details

RNFI Services IPO offers shares at ₹98 to ₹105, with a ₹40 Grey Market Premium. Available in 1200 share lots, the subscription runs from July 22 to July 24, 2024.

Vinayak Hagargi
July 20, 2024
10:05 am
2 min read

As of July 19, 2024, RNFI Services IPO has a ₹40 as Grey Market Premium, with a price range of ₹98 to ₹105 per share. Offering lots of 1200 shares, the subscription window is open from July 22 to July 24, 2024.

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RNFI Services IPO GMP Today

The Grey Market Premium (GMP) for RNFI Services Limited is ₹40 as of July 19, 2024. This assessment coincides with a price of ₹98 to ₹105 per share for the IPO.

RNFI Services Limited IPO Review

RNFI Services Limited’s financial analysis shows significant revenue growth from ₹18,825.26 lakhs in March 2022 to ₹93,542.38 lakhs in March 2024, alongside increases in equity, liabilities, and profit after tax. These indicators suggest robust business expansion and investor confidence due to improved profitability.

However, the company’s debt-equity ratio has risen, reflecting a higher reliance on debt financing. Despite this, total assets have grown, showing potential for further growth. A decrease in Return on Net Worth (RoNW) and an increase in the current ratio highlight challenges in generating shareholder returns and managing liquidity.

To get a full IPO review, click here RNFI Services IPO

RNFI Services Limited IPO Date

RNFI Services Limited will start accepting subscriptions from July 22, 2024, to July 24, 2024.

RNFI Services Limited IPO Price

RNFI Services Limited’s price range is ₹98 to ₹105 per share with a face value of ₹10 each.

RNFI Services Limited

RNFI Services Limited is a tech-driven platform providing B2B and B2B2C fintech solutions across India. It delivers services ranging from money changing to insurance broking and specialises in utility payments and financial collections. With a phygital strategy, RNFI partners with 11 financial institutions and serves over 360,000 network partners, enhancing financial inclusion through its integrated services.

How To Apply For RNFI Services Ltd IPO?

To apply for the RNFI Services through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for RNFI Services on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the RNFI Services IPO at Alice Blue in just a few clicks!

Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.

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