RNFI Services, a company offering digital, banking, and government citizen services (G2C), is all set to launch its initial public offering (IPO) on July 22nd, 2024. This is exciting news for investors looking for new opportunities in the market.
RNFI Services’ IPO will be open for subscription for three days, from July 22nd to July 24th, 2024. The price of each share has been set between ₹98 and ₹105. This implies that investors are allowed to place bids for shares within this specified price range.
The minimum number of shares you can invest in is 1,200, and any additional investment must be in multiples of that number.
Once the subscription period closes, the shares will be allotted to investors, and the company’s stock is expected to be listed on the National Stock Exchange (NSE) SME platform. The listing date is tentatively set for July 29th, 2024.
RNFI Services works in four main areas: digital services, banking services, and G2C services. G2C stands for Government to Citizen, which means services provided by the government directly to the public.
This is a decision you should make based on your own research and risk tolerance. It’s important to understand the company’s financials, its future plans, and the overall market conditions before investing.
Here are some useful resources that could be beneficial:
- The company’s IPO prospectus will contain detailed information about RNFI Services’ business, finances, and future plans. You can find this document on the websites of the lead manager(s) for the IPO.
- Financial news websites and newspapers might have articles analyzing the RNFI Services IPO.
Remember: Investing in the stock market always carries some risk. There is no guarantee that the share price will go up after the IPO.