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Radiant Cash Management Services Ltd.

Radiant Cash Management Services Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹99
₹99
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹99
Based on GMP
Min. Investment
₹14,850
1 lot × 150 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Dec 2022
Close Date
27 Dec 2022
Allotment
30 Dec 2022
Listing Date
04 Jan 2023
Exchange
NSE & BSE
Price Band
₹99
Listing Price
See chart
Allotment Status
Price Band
₹99
Per share
Face Value
₹1 per share
 
Lot Size
150 Shares
per lot
Issue Size
2,66,76,977 shares (aggregating up to ₹256.64 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,850
1 lot
Pre-IPO Holding
10,12,53,360 shares
Promoters
Post-IPO Holding
10,67,07,906 shares
Promoters
P/E (Pre)
17.34x
 
UPI Deadline
2022-12-27
Mandate
Anchor AllotmentThu, 22 Dec 2022
Basis of AllotmentFri, 30 Dec 2022
Refund InitiationTue, 03 Jan 2023
Demat CreditTue, 03 Jan 2023
Listing DayWed, 04 Jan 2023
UPI Mandate Deadline2022-12-27
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares54,54,546 shares (aggregating up to ₹52.47 Cr)
Offer for Sale2,12,22,431 shares of ₹1 (aggregating up to ₹204.17 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Radiant Cash Management Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Dec 2022.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
26,676,977
100% ₹264.10
IPO Shares Offered
Radiant Cash Management Services Ltd. IPO total issue size: ₹264.10 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 26,676,977 ₹264.10
100.00%
* Based on upper price band ₹99 per share
Lot Size & Investment
Lot Size
150
Shares per Lot
Issue Price
₹99.00
Upper Band
Min Investment
₹14,850
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2300₹29,700
Retail (Max — 13 Lots)131,950₹193,050
S-HNI (Min — 14 Lots)142,100₹207,900
B-HNI (Min — 68 Lots)6810,200₹1,009,800
* Issue Price ₹99 × Lot Size 150 shares
IPO Schedule
Anchor
22 Dec 2022
✓ Done
IPO Open
23 Dec 2022
✓ Done
IPO Close
27 Dec 2022
✓ Done
Allotment
30 Dec 2022
✓ Done
Refunds
03 Jan 2023
✓ Done
Demat Credit
03 Jan 2023
✓ Done
Listing Day
04 Jan 2023
✓ Done
Radiant Cash Management Services Ltd. — Live Price LIVE
₹99.00
INR · BSE
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Issue ₹99.00 Live Price
About Radiant Cash Management Services Ltd.
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 2,012 employees (as of July 31, 2022).The main objects of the Company are:To carry on the business of providing to Banks, Individuals, Commercial and Government Establishments, Cash/Cheques/DDs Pickup and Delivery Services, Cash Processing such as sorting for good and soiled currencies, notes, coins of various denominations, Overnight vaulting services for bulk cash and ATM cards, Cassettes & important documents, ATM Services, Handling of PIN mailers/drafts/cheque book delivery, Providing strong rooms installed as per RBI guidelines.To carry on the business of management of electronic online and mobile financial and cash transactions and product management and development of intellectual property in the area of cash management.To carry on any business regarding cash management under Business Process Outsourcing.The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022.Radiant Cash Management Services provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touchpoints serving more than 5,388 locations as of July 31, 2022.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.
Objects of the Issue
1
1 Funding working capital requirements;
2
2 Funding of capital expenditure requirements for purchase of specially fabricated armoured vans; and
3
3 General corporate purposes.
Radiant Cash Management Services Ltd. Financials (Amount in Crore)
Revenue from Operations
₹224.2
31-Mar-21
₹251.8
31-Mar-20
₹223.1
31-Mar-19
Profit After Tax (PAT)
₹32.4
31-Mar-21
₹36.5
31-Mar-20
₹25.0
31-Mar-19
Particulars31-Mar-1931-Mar-2031-Mar-21
Revenue from Operations 223.13 251.78 224.16
EBITDA N/A N/A N/A
Profit After Tax (PAT) 25.02 36.50 32.43
Net Worth 105.72 119.57 119.57
Total Assets 141.44 157.62 162.14
Reserves & Surplus N/A N/A N/A
Borrowings 17.73 21.13 11.05
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered2,66,76,977 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding10,12,53,360 shares
Post-Issue Promoter Holding10,67,07,906 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
IIFL Capital Services Ltd.
Motilal Oswal Investment Advisors Ltd.
YES Securities (India) Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Radiant Cash Management Services Ltd. IPO subscribed?

Radiant Cash Management Services Ltd. IPO is subscribed 1.00 times by Dec 27, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Radiant Cash Management Services Ltd. IPO retail subscription status?

The Radiant Cash Management Services Ltd. IPO retail category is subscribed 1.00 times as of 27 Dec 2022. The retail portion is oversubscribed.

How to subscribe Radiant Cash Management Services Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Dec 2022 and closes 27 Dec 2022. Min investment: ₹14,850 (1 lot = 150 shares). UPI mandate: 2022-12-27.

How many times Radiant Cash Management Services Ltd. IPO subscribed?

The Radiant Cash Management Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Radiant Cash Management Services Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Dec 2022. Refunds: on 03 Jan 2023.

When Radiant Cash Management Services Ltd. IPO will be listed?

The Radiant Cash Management Services Ltd. IPO listing date is 04 Jan 2023, Wednesday. Listed on: NSE & BSE. Issue price: ₹99. Estimated listing: ₹99. GMP: NIL.

When Radiant Cash Management Services Ltd. IPO close?

The Radiant Cash Management Services Ltd. IPO closes on 27 Dec 2022, Tuesday. UPI mandate: 2022-12-27. Allotment: 30 Dec 2022. Listing: 04 Jan 2023.