RNFI Services IPO allotment is scheduled for today, July 25, 2024. Investors who applied for the IPO can check their allotment status on the registrar’s website or through their respective bank accounts or demat accounts.
How to Check RNFI Services IPO Allotment
To check the allotment status of RNFI Services IPO, investors can follow these steps:
- Visit the Registrar’s Website: The registrar for the RNFI Services IPO is Skyline Financial Services Private Limited. Visit their website and look for the IPO allotment link.
- Enter Application Details: You will be required to enter your application number (DPID+Client ID+Application Number) and PAN number.
- Check Allotment Status: Once you submit the details, the allotment status will be displayed on the screen.
Alternatively, investors can check the allotment status through their bank accounts or demat accounts.
The expected listing price of RNFI Services IPO will depend on various factors, including the final GMP, market conditions, and overall investor sentiment. While the IPO was priced at a price band of ₹98 to ₹105 per share, considering the strong GMP, there is a possibility of the stock listing at a premium.
The Grey Market Premium (GMP) is the difference between the expected listing price and the issue price of a share. It is an indicator of market sentiment towards the IPO.
As of now, the GMP for RNFI Services is around Rs 85. This means that the shares are trading at a premium of Rs 85 in the grey market, which is quite high.
Based on the current GMP of Rs 85, the expected listing price of RNFI Services is around Rs 190 (issue price of Rs 105 + GMP of Rs 85). However, it is important to note that this is just an estimate, and the actual listing price may be different.
RNFI Services is a financial technology company that provides banking and other financial digital services. The company’s IPO was subscribed a whopping 221.49 times, indicating strong investor interest.
Investors who have been allotted shares can expect a listing gain if the market sentiment remains positive. However, it is essential to invest based on thorough research and risk appetite.