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IPO Status: Listed [23rd Dec 2022 to 27th Dec 2022]
Radiant Cash Management Services Limited offers an IPO, issue size is Rs 387.94 Cr, including both Fresh issue size of worth Rs 60.00 Cr, and OFS issue size of Rs 327.94 Cr. The subscription of this IPO is opening from 23 Dec to 27 Dec 2022. The IPO price band is Rs. 94 - Rs 99 per share and minimum lot size is 150 Shares. The face value of share is Rs 1 per share. This company's IPO is listing on both NSE and BSE.
Stay updated with us to know more about the Radiant Cash Management Services Limited IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
| IPO Issue Opening Date: | 23rd Dec 2022 |
| IPO Issue Closing Date: | 27th Dec 2022 |
| IPO Issue Price: | ₹94-99 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹256.64Cr |
| Offer for Sale: | ₹202.64Cr |
| Fresh Issue: | ₹54.00Cr |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 66.39% |
| Promoter Holding Post IPO: | 53.21% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543732 |
| NSE Code: | RADIANTCMS |
Get important updates regarding Radiant Cash Management IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Dec 2022 |
| Refunds Initiation* | 2nd Jan 2023 |
| Credit of Shares to Demat* | 3rd Jan 2023 |
| IPO Listing Date* | 4th Jan 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹94-99 |
| Market Lot: | 150 Shares |
| 1 Lot Amount: | ₹14850 |
| Min Small HNI Lots(2-10 Lakh): | 2100 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 10200 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-01-2023 | 99 | 6 | -- | ₹105 (6.06%) | 4-Jan-2023 8:00 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Radiant Cash Management Services Limited was incorporated in 2005 and this company integrated cash logistics player with leading presence in retail cash management ('RCM') segment of the cash management services industry in India and are one of the largest players in the RCM segment in terms of network locations. They provide services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with about 42,420 touch points serving more than 4,700 locations as of July 31, 2021. Its marquee clients include some of the largest foreign, private and public sector banks, and the end user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways and retail petroleum distribution outlets.
Radiant Cash Management Services Limited (RCMSL) have a client base covering some of India's largest foreign, private sector and public sector banks (including India's largest public sector bank). Amongst their 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.
RCMSL cater to broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organized retail and e-commerce companies in India. They operate their business across five verticals, namely 1) cash pick-up and delivery; 2) network currency management(also known as cash burial in industry parlance); 3) cash processing; 4) cash vans /cash in transit and 5) other value added service.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Retail Cash Management | ₹256.64Cr | https://radiantcashservices.com/ |
The net proceeds of the Fresh Issue:
1. Funding working capital requirements.
2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
3. General corporate purposes.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 7,837,121 (28.57%) | 5,877,841 (21.43%) | 13,714,963 (50%) | 27,429,925 | |
| 1 | 23rd Dec 2022 17:02 | 0.05x | 0.00x | 0.06x | 0.04x |
| 2 | 26th Dec 2022 17:02 | 0.16x | 0.03x | 0.12x | 0.11x |
| 3 | 27th Dec 2022 10:19 | 0.16x | 0.03x | 0.13x | 0.12x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 141.44 | 223.13 | 25.02 | 105.72 | 17.73 |
| 31-Mar-20 | 157.62 | 251.78 | 36.5 | 119.57 | 21.13 |
| 31-Mar-21 | 162.14 | 224.16 | 32.43 | 127.1 | 11.05 |
| 31-Mar-22 | 190.57 | 286.97 | 38.21 | 139.76 | 26.75 |
| 30-Jun-22 | 203.95 | 84.38 | 15.32 | 155.19 | 25.54 |
| Amount in ₹ Crore | |||||
Last Updated on 06-Jan-2023 08:00:12
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Radiant Cash Management IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Radiant Cash Management IPO with Zerodha.
Alternate approch to apply in Radiant Cash Management IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Radiant Cash Management IPO Review and Important Updates
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To subscribe or apply in Radiant Cash Management IPO, you can use the following methods:
| Radiant Cash Management IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Radiant Cash Management IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Radiant Cash Management IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Radiant Cash Management IPO. Most of the Syndicate Banks provide access to apply in Radiant Cash Management IPO via ASBA process. You must have your net banking access, DP ID information to apply in Radiant Cash Management IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Radiant Cash Management IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Radiant Cash Management IPO Review and Important Updates
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Radiant Cash Management IPO is going to be list on 04-01-2023. NSE Code for Radiant Cash Management is RADIANTCMS. BSE Code for Radiant Cash Management is 543732.
Other relevant questions:
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Radiant Cash Management IPO Allotment Date is 30-12-2022.
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