Radiant Cash Management Services Limited
Mainboard₹14,850 / 150 Shares
Radiant Cash Management Services Limited IPO Details
The Radiant Cash Management Services Limited IPO price band is set between ₹94-99 per equity share, with a face value of ₹1 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Dec, 2022 and closes on 27 Dec, 2022. Investors can check the allotment status on 30 Dec, 2022, while the listing date is tentatively scheduled for 4 Jan, 2023.
The total issue size is 39,185,606 shares of ₹1 , aggregating up to ₹387.94 Cr. Stay tuned for the latest Radiant Cash Management Services Limited IPO review and GMP updates.
Radiant Cash Management Services Limited IPO Review, Rating & Analysis
Radiant Cash Management Services Limited IPO Review
NO REVIEWRadiant Cash Management Services Limited IPO Rating
Radiant Cash Management Services Limited IPO Highlights
IPO Date
Dec 23, 2022 - Dec 27, 2022
Listing Date
4 Jan, 2023
Face Value
₹1 Per Equity Share
Price Band
₹94-99 per equity share
Lot Size
150 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Radiant Cash Management Services Limited IPO Lot Size
The minimum market lot for Radiant Cash Management Services Limited IPO is 150 shares with an application amount of ₹14,850. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10200 | ₹10,09,800 |
Radiant Cash Management Services Limited IPO Timeline
Issue Price
₹94-99 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
IIFL Securities Ltd ,Motilal Oswal Investment Advisors Pvt Ltd,YES Bank LimitedIssue Size
39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr)#Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr)#Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr)Radiant Cash Management Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 190.57 | 286.97 | 38.21 | - | - | - |
| 31 Mar 21 | 162.14 | 224.16 | 32.43 | - | - | - |
| 31 Mar 20 | 157.62 | 251.78 | 36.5 | - | - | - |
| 31 Mar 19 | 141.44 | 223.13 | 25.02 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Col. David Devasahayam
- Dr Renuka David
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 66.39% | 53.21% |
About Company
Incorporated in 2005, Radiant Cash Management Services Limited is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user.
The company's management is supported by a qualified and motivated pool of about 1,761 employees (as of July 31, 2021).
The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of July 31, 2021.
Radiant Cash Management Services provide services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with about 42,420 touchpoints serving more than 4,700 locations as of July 31, 2021.
The company's key clients are Axis Bank Limited, Citibank, Deutsche Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited and Yes Bank Limited.
Radiant Cash Management Services Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 7,837,121 | 5,877,841 3,918,560 1,959,281 | 13,714,963 | 27,429,925 |
Day 1 -23-12-22 05:00 PM | 0.05 x | 0.00 0.00 x 0.01 x | 0.06 x | 0.04 x |
Day 2 -26-12-22 05:00 PM | 0.16 x | 0.03 0.02 x 0.04 x | 0.12 x | 0.11 x |
Day 3 -27-12-22 05:00 PM | 1.01 x | 0.66 0.94 x 0.09 x | 0.21 x | 0.53 x |
Frequently Asked Questions about Radiant Cash Management Services Limited IPO
When will Radiant Cash Management Services Limited IPO open for subscription?
The Radiant Cash Management Services Limited IPO opens on 23 Dec, 2022 and closes on 27 Dec, 2022.
What is the investors portion for Radiant Cash Management Services Limited IPO?
The investors' portion for QIB is 1.01 x, NII is 0.94 x, and Retail is 0.21 x.
How to apply for Radiant Cash Management Services Limited IPO?
You can apply for Radiant Cash Management Services Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Radiant Cash Management Services Limited IPO?
The issue size of Radiant Cash Management Services Limited IPO is approx ₹39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr)#Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr)#Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr) crores.
What is the price band of Radiant Cash Management Services Limited IPO?
The price band for Radiant Cash Management Services Limited IPO is ₹94 to ₹99 per equity share.
What is the lot size of Radiant Cash Management Services Limited IPO?
The minimum bid (lot size) for Radiant Cash Management Services Limited IPO is N/A shares with an investment of approx ₹14,850 .
What is the allotment date of Radiant Cash Management Services Limited IPO?
The allotment date for Radiant Cash Management Services Limited IPO is 30 Dec, 2022.
What is the listing date of Radiant Cash Management Services Limited IPO?
The listing date for Radiant Cash Management Services Limited IPO is expected to be 4 Jan, 2023.
What is the GMP of Radiant Cash Management Services Limited IPO?
The latest Grey Market Premium (GMP) for Radiant Cash Management Services Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.