RNFI Services IPO Allotment Status Online: RNFI Services IPO is Open on 22 July, 2024 and Close on 24 July, 2024. RNFI Services IPO to Raise 67,44,000 shares (Approx ₹70.81 Cr) via IPO. The Fresh Issue of 67,44,000 shares (Approx ₹70.81 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
RNFI Services IPO Basis of Allotment Status on 25 July, 2024. RNFI Services IPO Refund Date is 26 July 2024 and RNFI Services IPO Credit to Demat on 26 July 2024.
Also Read: RNFI Services IPO Details, GMP Price, Date, Review
RNFI Services IPO Allotment Link Online
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About –
RNFI Services are a tech enabled platform offering advanced financial technology solutions in B2B and B2B2C financial technology arena through an integrated business model via our online portal and mobile application, focusing on providing banking, digital and Government to Citizen (“G2C”) services on PAN India basis. We segregate our business primarily into four (4) segments namely (i) business correspondent services; (ii) non -business correspondent services; (iii) full-fledged money changer service; and (iv) insurance broking.
We act as a bridge to ensure the availability of tech enabled financial services throughout the country, including to the underserved population in remotest of the places by connecting them to formal financial channels. We also provide business and income-generating opportunities for shopkeepers and network partners by enabling them to provide banking, digital and government services to the end customers through our web and mobile application via an assisted model.
We have entered into arrangements with eight (8) financial institutions including National Private and Public sector banks, Payment banks wherein we are engaged as their business correspondents for providing financial inclusion services. As a business correspondent, we also provide doorstep services for KYC authentication of the financial institution’s customers for usage of prepaid cards and Fastag service across India.
We started our journey in the year 2015 in the fintech sector with a mission to empower rural India by promoting the accessibility of financial technology with simple and efficient financial solutions and contribute to the development of a DIGITAL BHARAT and a vision to become one of the leading financial solutions provider. Since commencement of our operations.
Under our non-business correspondent services, we provide; (i) utilities & travel related services such as mobile and DTH recharge, services relating to Bharat Bill Payments System (“BBPS”); PAN card services; Government to Citizen (“G2C”) services; Noida Power Company Limited bill payments services; IRCTC booking; flight booking services; (ii) EMI collection services; (iii) delinquent loan collections services; and (iv) sale and subscription of products and services to meet the requirement of our network partners. We believe that our extensive network size, front-end distribution channels with back-end technology functions, across the payments and remittance solutions, utility payment services and travel services, provide us with a competitive edge.
We attribute our consistent business growth to the industry knowledge and expertise of our management team. Our Promoters and management team are actively involved in our operations and continues to bring their vision and acumen, which has been instrumental in sustaining our business operations and growth. Our management has demonstrated their ability to manage and grow our operations and leverage and deepen customer relationships.
