Radiant Cash Management IPO Details: Radiant Cash Management IPO date is fixed, the IPO is to hit the market on December 23 and will close on December 27. Radiant Cash Management IPO to raise around ₹387 crores via IPO that comprises fresh issue of ₹60 crores and offer for sale up to 30,125,000 equity shares of ₹1 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Radiant Cash Management Services Limited (RCMS) was founded by Colonel David Devasahayam in 2005. They are a market leader in the retail cash management (RCM) segment. They are one of the largest players in the RCM segment in terms of network locations or touchpoints served and on revenue or profitability as of Fiscal 2021 (Source: F&S Report).
Radiant Cash Management provides its services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with more than 42,420 touchpoints serving more than 4,700 locations as of July 31, 2021. Their client base includes the largest foreign, private, and public sector banks, and the end-user of our services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways, and retail petroleum distribution outlets. The key client name includes 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.
Important Details
- Market leader in retail cash management (RCM) segment.
- Serving 12,150 pin codes in India covering all districts (other than Lakshadweep) with more than 42,420 touchpoints serving more than 4,700 location.
- Have some of the big names in their client list.
Radiant Cash Management IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
- Marwadi Shares: Apply
- Choice Broking: May Apply
- Reliance Securities: Apply
- Ventura Securities: Apply
Radiant Cash Management IPO Date & Price Band Details
IPO Open: | December 23,, 2022 |
IPO Close: | December 27, 2022 |
IPO Size: | Approx ₹387 Crores |
Fresh Issue: | Approx ₹60 Crores |
Offer for Sale: | Approx 30,125,000 shares |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹94 to ₹99 Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Radiant Cash Management IPO Market Lot
The Radiant Cash Management IPO minimum market lot is 150 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 1950 shares or ₹193,050 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 150 | ₹14,850 |
Retail Maximum | 13 | 1950 | ₹193,050 |
S-HNI Minimum | 14 | 2100 | ₹207,900 |
B-HNI Minimum | 68 | 10200 | ₹10,09,800 |
Radiant Cash Management IPO Allotment & Listing Dates
The Radiant Cash Management IPO date is December 23 and the close date is December 27. The Radiant Cash Management IPO allotment will be finalized on December 30 and the IPO listing on January 3.
Price Band Announcement: | December 19, 2022 |
Anchor Investors Allotment: | December 22, 2022 |
IPO Open Date: | December 23, 2022 |
IPO Close Date: | December 27, 2022 |
Basis of Allotment: | December 30, 2022 |
Refunds: | January 2, 2023 |
Credit to Demat Account: | January 3, 2023 |
Radiant Cash Management IPO Listing Date: | January 4, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Radiant Cash Management IPO Form
How to apply for the Radiant Cash Management IPO? You can apply for Radiant Cash Management IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Radiant Cash Management IPO in the Invest section. The other option is you can apply for Radiant Cash Management IPO via IPO forms downloaded via NSE and BSE. Check out the Radiant Cash Management forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Radiant Cash Management Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2020 | ₹252 | ₹202 | ₹36.50 |
2021 | ₹224 | ₹179 | ₹32.43 |
2022 3M | ₹60 | ₹50 | ₹7.44 |
Radiant Cash Management IPO Valuation – FY2021
Check Radiant Cash Management IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹3.20 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 25.52% |
Net Asset Value (NAV): | ₹12.55 per Equity Share |
Peer Group
- SIS Limited
Company Promoters
- Col. David Devasahayam
- Dr Renuka David
Radiant Cash Management IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Radiant Cash Management IPO Allotment Status Check
Check Radiant Cash Management IPO allotment status on Linkintime website allotment URL. Click Here
Radiant Cash Management IPO Lead Managers
- IIFL Securities Ltd
- Motilal Oswal Investment Advisors Pvt Ltd
- YES Bank Limited
Company Address
Radiant Cash Management Services Limited
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Phone: +91 044 4904 4904
Email: [email protected]
Website: https://radiantcashservices.com/
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Note: The Radiant Cash Management IPO price band and date are not officially announced yet. The IPO grey market premium (Radiant Cash Management IPO Premium) will be added to the IPO grey market page as it will start).
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2 Responses
Thanks for good information
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