
Radiant Cash Management Services Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
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Premium (ELP)
The Initial Public Offering of Radiant Cash Management Services Limited's culminated in its successful listing on Jan 04, 2023 at the NSE, BSE trading platform. The company secured 2,66,76,977 Shares through this capital market exercise, with 54,54,546 Shares allocated to new capital formation and ₹202.64 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹94 to ₹99, with minimum investment requirements of 150 shares. The subscription period from Dec 23, 2022 to Dec 27, 2022 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 02, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2005, Radiant Cash Management Services Limited is a leading provider of retail cash management (RCM) services in India, catering to banks, financial institutions, and organized retail and e-commerce companies. The company’s services include cash collection and delivery, cash processing, overnight vaulting, ATM cash management, and delivery of sensitive banking materials such as PIN mailers and cheque books. Supported by a team of around 1,761 employees (as of July 31, 2021), Radiant operates across 12,150 pin codes covering nearly all Indian districts, with 42,420 touchpoints and over 4,700 service locations. Its main objectives encompass offering secure and efficient cash logistics, managing digital and mobile financial transactions, and undertaking BPO activities related to cash management. Key clients include leading banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Mahindra Bank, Citibank, and HSBC.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Col. David Devasahayam
- Dr Renuka David
Radiant Cash Management Services Limited
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