Apply This IPO

Best Margin

Zero Brokerage

24*7 Customer Support.

Fastest mobile support

---

Apply with Angel One

Apply with Zerodha

Pre-Apply with Upstox

RNFI Services Limited IPO Review

Rnfi Cms Services Private Limited was engaged in are a tech-driven platform that provides financial technology solutions for businesses and consumers. Their services are delivered through an online portal and mobile app, and they focus on offering banking, digital, and government services across India. They organize their business into four main areas: (i) business correspondent services, (ii) non-business correspondent services, (iii) money changing services, and (iv) insurance broking. They connect people across the country, including those in the most remote areas, to tech-enabled financial services. RNFI Services Limited also help shopkeepers and partners make money by allowing them to offer banking, digital, and government services to their customers using their website and mobile app with support.

Rnfi Services Private Limited's competitive strengths are Holistic Business Model: An all-in-one solution for B2B and B2B2C, A technology-focused business model with an advanced digital platform, Diverse Distribution Network spread across PAN India, an Asset light and scalable business model, Experienced leadership backed by a skilled professional team. Their Business Strategies are Accelerating growth and increasing their diversity using Micro ATM as a catalyst, using technology to create greater scalability, Strategic Expansion: Acquisitions, and geographic growth.

RNFI Services Limited Products and Services

RNFI Services Limited Products and services divide their business into four main segments: (i) business correspondent services, (ii) non-business correspondent services, (iii) full-fledged money-changing services, and (iv) insurance broking. Currently, their wholly owned subsidiary, RNFI Money Private Limited, provides money-changing services as an RBI-registered full-fledged money changer (FFMC). Another wholly owned subsidiary, Reli assure Insurance Brokers Private Limited, offers insurance broking services as a registered direct broker (Life and General) with IRDAI.

Rnfi Services Pvt Ltd work on behalf of their banking partners and earns fees and commissions for the services they provide to their customers through their network. In their business correspondent services segment, they offer (i) transaction services such as Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AePS), and Micro ATM (M-ATM); (ii) Kiosk banking services; and (iii) doorstep services for private sector banks to complete e-KYC for prepaid cards and fastags.

Financial Overview  

Rnfi Services Limited Ipo company provides fintech solutions through B2B and B2B2C models, with a strong focus on retail money exchange, which has been successful. Based on FY24 earnings, the current valuation seems fair. Given the promising future and growth potential, investors may consider investing for medium to long-term returns.

­