News > RNFI Services IPO subscribed over 42 times on final day of bidding so far

RNFI Services IPO subscribed over 42 times on final day of bidding so far

RNFI Services Limited launched its Initial Public Offering (IPO) as a book-built issue of Rs 70.81 crores. The issue comprises entirely fresh shares totalling 67.44 lakh shares. The IPO was oversubscribed 23.98 times at the end of Day 2 led by retail investors who subscribed to the issue 36.20 times. The bidding for the RNFI Services IPO will conclude today. The allotment is expected to be finalised on Thursday. The IPO will list on NSE SME tentatively on July 29.