Radiant Cash Management IPO subscription status started on Friday December 23, 2022 and will close on December 27, 2022. Radiant Cash Management IPO to raise around ₹387 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹94 to ₹99 per equity share.
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. The IPO to list on BSE and NSE.
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).
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Radiant Cash Management IPO allotment status here.
Radiant Cash Management IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.05 | 0.16 | 0.95 |
| NII | 0.00 | 0.03 | 0.39 |
| RII | 0.06 | 0.12 | 0.20 |
| Total | 0.04 | 0.11 | 0.46 |
Radiant Cash Management IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Radiant Cash Management IPO Review
- May Apply
Radiant Cash Management IPO Date & Price Band
| 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
| 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 Subscription Dates
| 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 |
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 BSE and NSE. Check out the Radiant Cash Management forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
