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Radiant Cash Management Services Limited Logo

Radiant Cash Management Services Limited

Dec 23, 2022 – Dec 27, 2022
Listed Price:
₹103.00
(+4.04%)
Price Band₹94 - ₹99
Lot Size150 Shares
Allotment DateJan 02, 2023
Listing DateJan 04, 2023
Subscription0.53 Times
Issue Size₹256.64 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹0
(0.00%)

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.

Radiant Cash IPO Details
IPO Date
:
Dec 23, 2022 to Dec 27, 2022
Allotment Date
:
Jan 02, 2023
List Date
:
Jan 04, 2023
Lot Size
:
150 share
Issue Price
:
₹94 - ₹99
Issue Size
:
2,66,76,977 (aggregating up to 256.64 Cr)
Fresh Issue
:
54,54,546 (aggregating up to 54.00 Cr)
Offer For Sale
:
2,12,22,431 (aggregating up to 202.64 Cr)
Listing At
:
NSE, BSE
Share Holding Pre-Issue
:
10,12,53,360
Share Holding Post-Issue
:
10,67,07,906
Market Marker Portion
:
-
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

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.

IPO Reservation
Shares2,66,76,977
Retail
35.00%(93,36,942)
NII(HNI)
15.00%(40,01,547)
QIB
50.00%(1,33,38,488)
Total
100.00%(2,66,76,977)
Radiant Cash IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (In Crores)
Radiant Cash IPO About Company

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."

✅Radiant Cash IPO Strength Factors

NA

⚠️Radiant Cash IPO Risk Factors

NA

🏦Radiant Cash IPO Lead Manager(s)
IIFL Capital Services LimitedMotilal Oswal Investment Advisors LimitedYes Securities (India) Limited
👤Radiant Cash IPO Promoter(s)
  1. Col. David Devasahayam
  2. Dr Renuka David
🏢Radiant Cash IPO Company Details

Radiant Cash Management Services Limited

Phone:+91 044 4904 4904
address:28, Vijayaraghava Road, T. Nagar, Chennai 600 017, Tamil Nadu, India
📋Radiant Cash IPO Registrar

Link Intime India Private Limited

Name:Link Intime India Private Limited
Phone:+91-22-4918 6270
❓Radiant Cash IPO FAQs
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