July 22, 2024 - July 24, 2024

RNFI Services IPO Subscription Details

RNFI Services IPO Subscription Status Live

RNFI Services IPO subscribed 221.49 times. The public issue subscribed 142.62 times in the retail category, 140.66 times in QIB, and 513.31 times in the NII category by July 24, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	140.66	1,272,000	17,89,22,400	1,878.69
Non-Institutional Buyers*	513.31	954,000	48,96,94,800	5,141.80
Retail Investors	142.62	2,226,000	31,74,75,600	3,333.49
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	221.49	4,452,000	98,60,92,800	10,353.97

Total Application : 264,564 (142.62 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 384,000 equity shares not included.

RNFI Services IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 July 22, 2024	0.00	4.08	10.14	5.94
Day 2 July 23, 2024	0.76	26.43	36.20	23.98
Day 3 July 24, 2024	140.66	513.31	142.62	221.49

RNFI Services IPO Shares Offered

RNFI Services IPO is a public issue of 6,744,000 equity shares. The issue offers 2,226,000 shares to retail investors, 1,272,000 shares to qualified institutional buyers, and 954,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,908,000	20.03	28.29%
Market Maker	384,000	4.03	5.69%
QIB	1,272,000	13.36	18.86%
NII*	954,000	10.02	14.15%
Retail	2,226,000	23.37	33.01%
Total	6,744,000	70.81	100%

RNFI Services IPO Anchor Investor Allocation

A total of 19,07,000 shares at a price of Rs 105 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Chartered Finance & Leasing Limited	4,76,000	105	24.96	4,99,80,000
2	India Ahead Venture Fund	3,81,000	105	19.98	4,00,05,000
3	Chhattisgarh Investments Limited	2,83,200	105	14.85	2,97,36,000
4	Rajasthan Global Securities Pvt. Limited	1,90,800	105	10.01	2,00,34,000
5	SB Opportunities Fund	96,000	105	5.03	1,00,80,000
6	StepTrade Revolution Fund	96,000	105	5.03	1,00,80,000
7	Kingsman Wealth Fund PCC	96,000	105	5.03	1,00,80,000
8	CCV Emerging Opportunities Fund	96,000	105	5.03	1,00,80,000
9	Perennial Emerging Growth Fund	96,000	105	5.03	1,00,80,000
10	Finavenue Growth Fund	96,000	105	5.03	1,00,80,000
		19,07,000		100	20,02,35,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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RNFI Services IPO Subscription FAQs

The RNFI Services IPO is subscribed 221.49 by July 24, 2024.