RNFI Services Ltd IPO

We have a holistic business model providing all-in-one solution in B2B and B2B2C models. Its wide-ranging product and service portfolio enables it to spread its business risk and enhance its ability to adapt to changing market conditions.

The Company has a technology focused business model with an advanced digital platform.

The Company has a asset light and scalable business model as its business strategy revolves around a network partner-centric model that emphasizes lean capital investment for network expansion.

Its extensive network encompasses a diverse range of participants. As of March 5, 2024, the company has a network base of over 3 lakh network partners with presence in 28 States and 5 Union territories.

Its experienced leadership backed by a skilled professional team continues to contribute to its businesss groth and profitability.

A substantial portion of the revenue is generated from its banking partners. The companys banking partners are regulated by the RBI and any change in the RBIs policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

The company heavily relies on its front-end network partners, if the company is unable to attract new network partners or retain and grow its relationships with the companys existing network partners, its business, results of operations, financial condition, and future prospects would be materially and adversely affected.

The company heavily relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and the companys reputation. Additionally, its ability to succeed is contingent on the companys capacity to innovate, update, and adjust to emerging technological advancements.

The company derives a portion of its revenue from the fee and commission that its charge from the companys customers against the companys services. Any failure to earn revenue from such activities may have a negative impact on its financial performance.

The Company, its Subsidiaries, the companys Promoters and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Security breaches and attacks against its tech platform, and any potential breach of or failure to otherwise protect personal, confidential and proprietary information, could damage its reputation and materially and adversely affect the companys business, financial condition and results of operations.

The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.

Failures to deal effectively with fraudulent activities may cause harm to its business, and could severely diminish the companys banking partner and consumer confidence in and use of its platform.

The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

Its subsidiaries does not own the premises where their registered office is situated.