IPO Issue Details
Issue Price / Price Band₹105 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size67,44,000 shares (aggregating up to ₹70.81 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 22 Jul 2024
Subscription CloseWed, 24 Jul 2024
Anchor AllotmentSun, 21 Jul 2024
Basis of AllotmentThu, 25 Jul 2024
Initiation of RefundsFri, 26 Jul 2024
Credit of Shares to DematFri, 26 Jul 2024
Listing DateMon, 29 Jul 2024
UPI Mandate Deadline2024-07-24
Application & Investment Details
Retail — Min (1 Lots)₹1,26,000 — 1,200 shares
Retail — Max (13 Lots)₹1,638,000 (13 Lots)
HNI — Min (2 Lots)₹2,52,000 — 2,400 shares
EPS (Pre-IPO)₹5.47
EPS (Post-IPO)₹3.99
P/E Ratio (Pre-IPO)19.19x
P/E Ratio (Post-IPO)26.3x
Net Offer to Public63,60,000 shares (aggregating up to ₹66.78 Cr)
Reserved for Market Maker3,84,000 shares (aggregating up to ₹4.03 Cr)
Pre-IPO Promoter Holding1,82,08,688 shares
Post-IPO Promoter Holding2,49,52,688 shares
About https://www.skylinerta.com/ipo.php
Incorporated in 2015, RNFI Services Limited is a financial technology firm that offers B2B and B2B2C solutions through its online portal and mobile application. It focuses on providing banking, digital, and Government-to-Citizen (G2C) services across India.The company's business can be divided into four categories:-Business correspondent services;Non-business correspondent services;Full-fledged money changer service; andInsurance broking.As of July 2024, the company has partnered with eleven financial institutions, including National private and public sector banks and payment banks. These institutions are engaged as business correspondents to provide financial inclusion services.As of March 31, 2024, the company has processed over 115 lakh monthly transactions. As of June 3, 2024, it operates in over 28 states and 5 Union territories, covering 17,964 pin codes nationwide through its distribution network. As of March 31, 2024, the company has 1,405 employees on a standalone basis, playing a significant role in its growth.As of June 3, 2024, the company has over 360,000 network partners across India, providing various tech-enabled services.The company provides transactional business correspondent services including Domestic Money Transfer, Aadhaar Enabled Payment System, and Micro ATM, kiosk banking services, and doorstep services for private sector banks to conduct e-KYC for prepaid cards and fastags.The company offers non-business correspondent services, including utility and travel-related services, EMI collection, delinquent loan collections, and sale of products and services to meet our network partners' needs.
Objects of the Issue
https://www.skylinerta.com/ipo.php proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding the working capital requirements of the Company
2
Funding Capital expenditure requirements for the Purchase of Micro ATMs/laptops/Server
3
Strengthening our technology infrastructure to develop new capabilities
4
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
5
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,82,08,688 shares
Post-IPO Promoter Holding
2,49,52,688 shares