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Radiant Cash Management IPO Details 2022

IPO Status: Closed [23rd Dec 2022 to 27th Dec 2022]

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Radiant Cash Management IPO Detail

Radiant Cash Management Services Limited offers an IPO, issue size is Rs 387.94 Cr, including both Fresh issue size of worth Rs 60.00 Cr, and OFS issue size of Rs 327.94 Cr. The subscription of this IPO is opening from 23 Dec to 27 Dec 2022. The IPO price band is Rs. 94 - Rs 99 per share and minimum lot size is 150 Shares. The face value of share is Rs 1 per share. This company's IPO is listing on both NSE and BSE.

Stay updated with us to know more about the Radiant Cash Management Services Limited IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Radiant Cash Management IPO Details

IPO Issue Opening Date: 23rd Dec 2022
IPO Issue Closing Date: 27th Dec 2022
IPO Issue Price: ₹94-99 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Offer%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹256.64Cr
Offer for Sale: ₹202.64Cr
Fresh Issue: ₹54.00Cr
Face Value: ₹1 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 66.39%
Promoter Holding Post IPO: 53.21%
Allotment Status: Allotment Status
BSE Code: 543732
NSE Code: RADIANTCMS

IPO Live GMP IPO Live GMP

Radiant Cash Management IPO Important Dates

In this section we have covered all important dates related to Radiant Cash Management IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Radiant Cash Management IPO important dates
IPO Activity Date
Basis of Allotment Date* 30th Dec 2022
Refunds Initiation* 2nd Jan 2023
Credit of Shares to Demat* 3rd Jan 2023
IPO Listing Date* 4th Jan 2023

* - Tentative Dates

Radiant Cash Management IPO Lots

IPO Activity Date
Issue Price ₹94-99
Market Lot: 150 Shares
1 Lot Amount: ₹14850
Min Small HNI Lots(2-10 Lakh): 2100 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 10200 shares (68 lots)
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  • About Company - Radiant Cash Management

    Radiant Cash Management Services Limited was incorporated in 2005 and this company integrated cash logistics player with leading presence in retail cash management (“RCM”) segment of the cash management services industry in India and are one of the largest players in the RCM segment in terms of network locations. They provide services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with about 42,420 touch points serving more than 4,700 locations as of July 31, 2021. Its marquee clients include some of the largest foreign, private and public sector banks, and the end user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways and retail petroleum distribution outlets.

    Radiant Cash Management Services Limited (RCMSL) have a client base covering some of India’s largest foreign, private sector and public sector banks (including India’s largest public sector bank). Amongst their 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.

    RCMSL cater to broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organized retail and e-commerce companies in India. They operate their business across five verticals, namely 1) cash pick-up and delivery; 2) network currency management(also known as cash burial in industry parlance); 3) cash processing; 4) cash vans /cash in transit and 5) other value added service.

    Radiant Cash Management IPO Strengths

    • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash Management
    • Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast growing end user segments
    • Diversified client base with long standing relationship and ability to cross-sell value added services
    • Significantly built up technology to optimise operational profitability
    • Experienced management team and backed by a reputed institutional investor
    Incorporation Sector IPO Issue Size Website
    2005 Retail Cash Management ₹256.64Cr https://radiantcashservices.com/

    Radiant Cash Management IPO Objective

    The net proceeds of the Fresh Issue:

    1. Funding working capital requirements.

    2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.

    3. General corporate purposes.

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    Radiant Cash Management IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 7,837,121 Shares
    • Non-Institutional Investors: 5,877,841 Shares
    • Retail Individual Investor: 13,714,963 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered7,837,121 (28.57%)5,877,841 (21.43%)13,714,963 (50%)27,429,925
    123rd Dec 2022 17:020.05x0.00x0.06x0.04x
    226th Dec 2022 17:020.16x0.03x0.12x0.11x
    327th Dec 2022 19:541.01x0.66x0.21x0.53x

    Radiant Cash Management Financials for past 3 Years

    Past performance and financial results of Radiant Cash Management.

    Radiant Cash Management Services Limited Financial Information (Consolidated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
    31-Mar-19141.44223.1325.02105.7217.73
    31-Mar-20157.62251.7836.5119.5721.13
    31-Mar-21162.14224.1632.43127.111.05
    31-Mar-22190.57286.9738.21139.7626.75
    30-Jun-22203.9584.3815.32155.1925.54
    Amount in ₹ Crore

    Company Address

    Radiant Cash Management Services Limited
    28, Vijayaraghava Road, T. Nagar
    Chennai,Tamil Nadu-600017
    India
    Website: https://radiantcashservices.com/
    Phone: +91 044 4904 4904
    Email: [email protected]

    Radiant Cash Management IPO Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/
    Phone: +91-22-4918 6270
    Email: [email protected]

    Radiant Cash Management IPO Lead Manager

    1. Motilal Oswal Investment Advisors Pvt Ltd
    2. YES Bank Limited
    3. IIFL Securities Ltd
    Radiant Cash Management IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Radiant Cash Management? Should I apply in Radiant Cash Management IPO?

    Last Updated on 2023-01-06T08:00:12+00:00

    FAQs

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Radiant Cash Management IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Radiant Cash Management IPO with Zerodha.

    Alternate approch to apply in Radiant Cash Management IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Radiant Cash Management IPO Review and Important Updates

    Other relevant questions :

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    Apply in Radiant Cash Management IPO online

    To subscribe or apply in Radiant Cash Management IPO, you can use the following methods:

    Radiant Cash Management IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Radiant Cash Management IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Radiant Cash Management IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Radiant Cash Management IPO. Most of the Syndicate Banks provide access to apply in Radiant Cash Management IPO via ASBA process. You must have your net banking access, DP ID information to apply in Radiant Cash Management IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Radiant Cash Management IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Radiant Cash Management IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Radiant Cash Management IPO? Where to apply for Radiant Cash Management IPO? How to subscribe Radiant Cash Management IPO online? Radiant Cash Management IPO where to apply? Where to buy Radiant Cash Management IPO online? How to buy Radiant Cash Management IPO online? How to purchase Radiant Cash Management IPO? How to get Radiant Cash Management IPO? How to book Radiant Cash Management IPO? How to invest Radiant Cash Management IPO? Radiant Cash Management IPO kaise buy kare?

     

    Radiant Cash Management IPO Application is not yet available.

     

    Radiant Cash Management IPO is going to be list on 04-01-2023. NSE Code for Radiant Cash Management is RADIANTCMS. BSE Code for Radiant Cash Management is 543732.

    Other relevant questions:

    When Radiant Cash Management IPO will be listing? Radiant Cash Management IPO NSE listing date?Radiant Cash Management IPO date of listing.Radiant Cash Management IPO BSE listing date?

     

    Radiant Cash Management IPO Allotment Date is 30-12-2022.

    Other relevant questions:

    Radiant Cash Management IPO share allotment date?Radiant Cash Management IPO allotment date?

     


    User Reviews

    avatar
    5. Shiv  Dec 15 2022 04:59:04 AM Reply
    Radiant Cash Management IPO expected listing gain.
    avatar
    4. Rajesh kumar Dec 15 2022 04:59:04 AM Reply
    Please confirm Radiant Cash Management IPO GMP (grey market premium) and kostak.
    avatar
    3. Prashant khole Dec 15 2022 04:59:04 AM Reply
    Radiant Cash Management IPO good or bad.
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    2. Bojala Srilatha Dec 15 2022 04:59:04 AM Reply
    Radiant Cash Management IPO whether to invest or not.
    avatar
    1. Manpreet Seth Dec 15 2022 04:59:04 AM Reply
    Radiant Cash Management IPO - CRISIL Rating, Apply or not?.