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Radiant Cash Management Services Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹99
Issue Price
₹99
Face ₹1
GMP
+₹0
+0% premium
Est. Listing
₹99
GMP based
Lot Size
150
shares / lot
Min Amount
₹14,850
1 lot · 150 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
23 Dec 2022
Fri Completed
Done
Close Date
27 Dec 2022
Tue Completed
Done
Allotment
30 Dec 2022
Fri Completed
Done
Refund
03 Jan 2023
Tue Completed
Done
Demat Credit
03 Jan 2023
Tue Completed
Done
Listing Date
04 Jan 2023
Wed Completed
UPI Deadline: 27 Dec 2022
Issue Details
Pricing & Size
Issue Price
₹99 Face ₹1
Lot Size
150 shares
Min Investment
₹14,850
Total Issue Size
2,66,76,977 shares (aggregating up to ₹256.64 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,33,38,488 (50.00%)
NII / HNI
40,01,547 (15.00%)
Retail
93,36,942 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
10,12,53,360 shares
Post-Issue Shareholding
10,67,07,906 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 150 ₹14,100
HNI / NII 15 2,250 ₹2,11,500
bHNI / bNII 71 10,650 ₹10,01,100
Objects of Issue
3 objectives
1
1 Funding working capital requirements;
20.00 Cr
2
2 Funding of capital expenditure requirements for purchase of specially fabricated armoured vans; and
25.48 Cr
3
3 General corporate purposes.
3.77 Cr
Lead Managers & Market Maker
Book Running Lead Managers
IIFL Capital Services Ltd.
Motilal Oswal Investment Advisors Ltd.
YES Securities (India) Ltd.
IPO Timeline
Open
23 Dec
✓ Done
Close
27 Dec
✓ Done
Allotment
30 Dec
✓ Done
Listing
04 Jan
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
radiant.ipo@linkintime.co.in
Company Contact
Email
jayabharathi@radiantcashlogistics.com
Phone
+91 044 4904 4904
Address
28, Vijayaraghava Road, T. Nagar Chennai, Tamil Nadu, 600017
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹99
Est. Listing
₹99
Lot Size
150 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Radiant Cash Management Services Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹99
GMP
+₹0 (+0%)
GMP Est. Listing
₹99
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,33,38,488 (50.00%) ₹13,205.10 Cr
NII / HNI (Total) 40,01,547 (15.00%) ₹3,961.53 Cr
Retail Investors 93,36,942 (35.00%) ₹9,243.57 Cr
Total ** 2,66,76,977 (100.00%) ₹264,102.07 Cr
* Based on ₹99.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,33,38,488 (50.00%)
NII
40,01,547 (15.00%)
Retail
93,36,942 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31-Mar-1931-Mar-2031-Mar-21
Revenue223.13251.78224.16
PAT25.0236.5032.43
EBITDA
Net Worth105.72119.57119.57
Total Assets141.44157.62162.14
Reserves
Borrowings17.7321.1311.05
Key Financial Ratios
17.34
Pre P/E
P/E Pre-Issue
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.

Frequently Asked Questions
What is the issue price of Radiant Cash Management Services Ltd. IPO?
The issue price of Radiant Cash Management Services Ltd. IPO is ₹99 per share, face value ₹1.
What is the lot size?
Minimum lot size is 150 shares, requiring ₹14,850.
What are the IPO dates?
Opens 23 Dec 2022, closes 27 Dec 2022.
When is the listing date?
Tentative listing: 04 Jan 2023 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹99 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Radiant Cash Management Services Ltd. IPO · Expected 30 Dec 2022

Check on Registrar
Post-IPO Timeline
Allotment Date
30 Dec 2022
Refund Initiation
03 Jan 2023
Demat Credit
03 Jan 2023
Listing Date
04 Jan 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹99
Face ₹1
Lot Size
150
shares / lot
Min Amount
₹14,850
1 lot
Est. Listing
₹99
GMP +₹0
Key Dates
Open
23 Dec Done
Close
27 Dec Done
Listing
04 Jan Done
Registrar
MUFG Intime India Pvt.Ltd.
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