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July 22, 2024 - July 24, 2024

RNFI Services IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to RNFI Services IPO.

RNFI Services IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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RNFI Services IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Apply

RNFI Services IPO Review by Dilip Davda (Apply)

[Dilip Davda]  The company is in the business of providing fintech solutions on B2B and B2B2C models and has given major thrust to retail money exchange platform, which has yielded the fruits. Based on FY24 earnings, the issue appears fully priced. Considering bright prospects and the scope of scaling up of the performance, investors may park funds for the medium to long term rewards. Read detail review...

RNFI Services IPO Peer Comparison

RNFI Services Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
RNFI Services Limited5.855.8517.3519.1940.926.05Consolidated
Bls E-services Limited4.444.4447.4555.3011.51Consolidated
Mos Utility Limited4.174.1730.1037.1521.37Consolidated

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) submitted to stock exchanges for the year ended March 31, 2024. The financial information of RNFI Services Limitedis based on the restated financial information for the year ended March 31, 2024.

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on NSE on July 5, 2024, divided by the Diluted EPS.
  2. Return on Net Worth (%) = Net Profit after tax attributable to owner of the company, as restated for the end of the year divided by Average Net worth as at the end of the year.
  3. Average net worth means the average of the net worth of current and previous financial year. Net worth means the aggregate value of the paid-up share capital and other equity (excluding capital reserves) attributable to the owners of the Parent.
  4. Net Asset Value per share = Net Worth at the end of the year divided by weighted average no. of equity shares outstanding during the year.
  5. The basic and diluted earnings per share for the company's Equity Shares have been presented to reflect the adjustments for the issue of bonus shares as per IND AS 33.

RNFI Services IPO Review by Members

RNFI Services IPO Reviews, analysis and views by popular members. Read RNFI Services Limited IPO reviews by retail investors to find recommended ipo to buy.

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RNFI Services IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
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Member Review
Dhanvantri

Apply for Listing Gain at Upper Price Band

Mini Bls e service Profit margin is less as Bls e service failed to give investors any profit .Better On listing book profit .Apply

July 18, 2024 6:16:17 PM

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