RNFI Services IPO

RNFI Services Ltd is launching an IPO with a fresh issue of 67.44 lakh shares worth INR 70.81 crores to fund working capital, tech, equipment, growth, and general needs.

Important Details

Open Date : July 22, 2024 Close Date : July 24, 2024 Allotment Date: July 25, 2024 Listing Date: July 29, 2024

Important Details

IPO Price: INR 98-105 per share Lot Size: 1200 Shares Total Issue Size: INR 70.81 crores

Fundamental Analysis

RNFI Services IPO analysis shows mixed performance. 1. Revenue increased. 2. Equity and liabilities grew. 3. Profitability and EPS improved. 4. RoNW decreased, Total assets rose, Current ratio rose. 5. Indicates growth and liquidity challenges.

Peer Comparison

1. RNFI: High revenue, lower RoNW. 2. BLS E-Services: High EPS, high RoE. 3. Mos Utility: Moderate revenue, balanced profitability, and RoE.

Objective

RNFI Services IPO main objectives: 1. Fund working capital and capital expenditure. 2. Invest in micro ATMs, laptops & servers. 3. Strengthen tech infrastructure. 4. Pursue acquisitions & strategic growth.

Risks And Challenges

RNFI Services IPO risks: 1. Dependence on banking partners. 2. Managing 3.60 lakh partners. 3. Upgrading technology infrastructure. 4. Potential impacts on operations, revenue  & financial stability.