THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA

Our Company was originally incorporated as RNFI Services Private Limited', a private limited company under Companies Act. 2013, pursuant to a certificate of incorporation dated October 13,2015 issued by the Registrar of Companies, Delhi. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our shareholders at an Extra-ordinary General Meeting held on November 22,2023 and a fresh certificate of incorporation dated December 28,2023 was issued by tne Registrar of Companies, Delhi consequent upon conversion, recording the change in name of our Company from ‘RNFI Services Private Limited' to ‘RNFI Services Limited'.

"THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF NSE (NSE EMERGE)."

INITIAL PUBLIC OFFER OF UPTO 67,44,000 EQUITY SHARES OF FACE VALUERs.10 EACH (THE "EQUITY SHARES") OF RNFI SERVICES LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.105 PER EQUITY SHARE (INCLUDING SECURITIES PREMIUM OF Rs. 95 PER EQUITY SHARE) ("ISSUE PRICE"), AGGREGATING TO Rs. 7,081.20 LAKHS (THE "ISSUE") OF WHICH 3,84.000 EQUITY SHARES AGGREGATING TO Rs. 403.20 LAKHS (CONSTITUTING 1.54% OF THE POST-ISSUE PAID- UP EQUITY SHARE CAPITAL OF OUR COMPANY) WERE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.49% RESPECTIVELY OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

4. The Average Cost of Acquisition of Equity Shares by our Promoters is as follows:

5. The weighted average cost of acquisition of all shares transacted in (i) last one (1) year; (ii) last eighteen (18) months and (iii) last three (3) years preceding the date of the Red Herring Prospectus is as follows:

nAcquisition price is Nil on account of equity shares allotted pursuant to the bonus issue

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b) of the Secur ties Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of SEBIICDR Regulation and in compliance with Regulation 253 of the SEBI ICDR Regulat ons, as amended, wherein not more than 50% of the Net Issue were allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs" the 'QIB Portion"), provided that our Company in consultation with the Book Running Lead Manager, allocated 60% of the QIB Portion to Ancho^r Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the Net QIB Portion was made available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds was less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion was made available to be added to the remaining Net QIB Portion for proportionate allocation to QIBs. (the "Net QIB Portion"). Further, not less than 15% of the Net Issue were made available for allocation on a proportionate bas s to Non-lnstitutionai Bidders ('Non-lnstitutional Portion") and not less than 35% of the Net Issue were made available for allocat on to Retail Individual Bidders ("Retail Portion") in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, n which the corresponding Bid Amounts were blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Bark under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors v/ere not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" on page 317 of the Prospectus.

The Investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purposes of the Issue, the Designated Stock Exchange shall be National Stock Exchange of India Limited. The trading is proposed to be commenced on or before Monday July 29,2024.*

* Subject to the receipt of listing and trading approval from the NSE (NSE Emerge).

SUBSCRIPTION DETAILS

The Company received 10 Anchor Investor Application Forms from 10 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for 25,74,000 Equity Shares. Out of that 10 Anchor Investors through 10 Anchor Investor Application Forms were allocated 19,08,000 Equity Shares at a price ofRs. 105/- per Equity Share under the Anchor Investor Portion, aggregating toRs. 20.03,40,000.

The Issue (excluding Anchor Investor Portion) received applications for 1,03,35,91,200 Equity Sha^res (before technical rejections and after inval d bids Multiple/Duplicate) resulting in 225.64 times subscription (including reserved portion of ma^rket maker). The Details of the Applications ^received from various categories (before technical rejection) are as under:

Detail of the Applications Received:

Final Demand

A summary of the final demand as per NSE as on the Bid/lssue Closing Date at different Bid Prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on July 25,2024

1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price ofRs. 105.00 per equity shares, was finalized in consultation with NSE. The category was subscribed by 158.78 times i.e. for 35,34,45,600 Equity Shares . Total number of shares alloted in this category is 22,26,000 Equity Shasres to 1855 successful applicants. The category wise details of the Basis of Allotment are as under:

2) Allocation to Non-institutional Investors (After Technical Rejections : The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price ofRs. 105.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 515.18 times i.e„ for 49,14,84,000 shares the total number of shares allotted in this category is 954000 Equity Shares to 682 successful applicants. The category wise details of the Bas s of Allotment are as under:

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 105.00 per equity shares or above, was finalized in consultaton with NSE. The category was subscribed by 140.61 times i.e., for 17.88,57,600 shares the total number of shares allotted in this category is 12,72,000 Equity Shares to 70 successful applicants. The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 25,74,000 Equity Shares to 10 Anchor Investors at Anchor Investor Issue Price ofRs. 105.00 per equity shares in accordance with the SFBI ICDR Regulations. The category Wise details of the Basis of Allotted: are as under:

5) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to Market Maker, who have bid at Issue Price of Rs. 105.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e., for 384000 shares the total number of shares allotted in this category is 384000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 25,2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for Issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before July 26,2024. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to July 26,2024. In case the same is not received within ten days, investors may contact at tne address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge within Three working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 25.2024 ("Prospectus") filed with Registrar of Companies, Delhi.

INVESTORS. PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	Skyline Financial Services Private Limited
	D-153A, 1st Floor, Okhla Industrial Area, Phase— I, New Delhi-110020, India. Telephone: +91 11 40450193-97; E-mail: ipo@skylinerta.com
	Investor grievance email: grievances@skylinerta.com; Website: www.skylinerta.com; Contact Person: Anuj Rana; SEBI Registration No: INR000003241

RNFI SERVICES Limited is proposing, subject to market conditions, public Issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Delhi. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.choiceindia.com website of the NSE at www.nseindia.com and website of Issuer Company at www.rnfiservices.com Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section t tied "Risk Factors" beginning on page 32 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the 'Securities Act") or any state securities lav/ in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, ‘U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933