Established in 2005, Radiant Cash Management Services is the leader in retail cash management (RCM) services in India. They provide services to banks, financial institutions and e-commerce companies in India.
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Key Features of Radiant Cash Management IPO
- Radiant Cash Management IPO will open on Dec 23, 2022
- You can apply in this IPO from Dec 23, 2022 to Dec 27, 2022.
- Issue Price band of the company is ₹94 to ₹99 per equity share.
- This IPO comprises fresh issue of 60,60,606 equity shares of ₹1 (worth ₹60 Crores) and an offer for sale of 3,31,25,000 equity shares of ₹1 (worth ₹327.94 Crores) .
- It has a minimum 150 shares in one lot and you have to spend a minimum of ₹14,850 for 1 lot.
- Radiant Cash Management Services Ltd is looking to raise ₹387.94 Crores through this IPO.
What is Radiant Cash Management Services Limited
- It is one of the largest players in the RCM segment in terms of network locations, touchpoints served, revenue and profitability basis.
- They provide services like Cash pick-up and delivery, network currency management, cash processing, cash vans & cash in transit etc.
- Company has 4667+ branches, 36,095 customer outlets, 9,311+ employees, 698+ vehicles and 379+ crores cash handled daily by them.
- Col. David Devasahayam is the MD and chairman of Radiant Cash Management Services Limited.
- Company has been profitable for the last 3 consecutive years. Good sign for investors.
Radiant Cash management IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Radiant Cash Management IPO price band is placed at ₹94 to ₹99 , but the grey market premium of this share is currently 0% i.e. at ₹0. So the share price of Radiant Cash Management IPO in the grey market is ₹99 (₹99 + ₹0) .
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Radiant Cash management IPO Live Subscription Status
Radiant Cash Management subscribed 0.04 times on it’s first day i.e. on December 23, 2022
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Radiant Cash Management IPO Date, Lot Size, Allotment
Radiant Cash Management IPO Details
| IPO Start Date | December 23, 2022 |
| IPO Close Date | December 27, 2022 |
| Fresh Equity Share Issue | 60,60,606 shares of ₹1 (₹60 Crores) |
| Offer for Sale | 3,31,25,000 shares of ₹1 (₹327.94 Crores) |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹94 – ₹99 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Radiant Cash Management IPO Timetable
| IPO Start Date | December 23, 2022 |
| IPO Close Date | December 27, 2022 |
| Basis of Share Allotment Date | December 30, 2022 |
| Refunds Date | January 2, 2023 |
| Credit of shares to Demat Account Date | January 3, 2023 |
| Radiant Cash Management IPO Listing Date | January 4, 2023 |
Radiant Cash Management IPO Lot Size
| Application | Lot | Shares | Amount |
| Retail (Minimum) | 1 | 150 | ₹ 14,850 |
| Retail (Maximum) | 13 | 1,950 | ₹ 1,93,050 |
| S – HNI (Minimum) | 14 | 2,100 | ₹2,07,900 |
| B – HNI (Minimum) | 68 | 10,200 | ₹10,09,800 |
Radiant Cash Management Services Ltd Financial Report (2020-2022)
| Financial Year | Total Assets | Revenue | PAT (Profit / Loss After Tax) | Total Borrowing |
| 2022 | ₹190.57 | ₹286.97 | ₹38.21 | ₹26.75 |
| 2021 | ₹162.14 | ₹224.16 | ₹32.43 | ₹11.05 |
| 2020 | ₹157.62 | ₹251.78 | ₹36.5 | ₹21.13 |
Radiant Cash Management IPO FAQs
It is the main-board IPO which will be listed on NSE & BSE. They are going to raise ₹387.94 Crores through this IPO. One lot has minimum 150 shares and you have to spend a minimum ₹14,850 for 1 lot.
RCMS IPO price band is ₹94 to ₹99.
One lot has minimum 150 shares and you have to spend a minimum ₹14,850 for 1 lot. Maximum lot is 13 and you have to spent ₹1,93,050.
35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Radiant Cash Management IPO will open on December 23, 2022.
Basis of Allotment for RCMS IPO will happen on December 30, 2022 and allotted shares will be deposited in your demat account on January 3, 2022.
Shares of Radiant Cash Management IPO will list in the market on January 4, 2022.
This covers all the points on Radiant Cash Management IPO. Please write in the comment box if you need any further information on this.
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