Radiant Cash Management IPO details (23 Dec – 27 Dec), (Price ₹94 to ₹99)
Listing date and Listing Price of Radiant Cash Management IPO:
- Radiant Cash Management IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Radiant Cash Management IPO on NSE – Click Here
- Listing Price of Radiant Cash Management IPO on BSE – Click Here
Grey Market premium (GMP) price of Radiant Cash Management IPO:
Grey Market premium (GMP) price of Radiant Cash Management IPO is Rs. __. Grey Market premium (GMP) of Radiant Cash Management IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Radiant Cash Management IPO Allotment link status on Link Intime:
- Check the allotment status of Radiant Cash Management IPO on the below link given by Link Intime.
- Radiant Cash Management IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Radiant Cash Management IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Radiant Cash Management IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NIB (Non-institutional Investor) | RII (Retail Individual Investor) | Employee category | Total No. of times applied | |
| No. of shares offered | |||||
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
Radiant Cash Management IPO highlights:
| Radiant Cash Management IPO bid Opens on | 23 Dec 2022 |
| Radiant Cash Management IPO bid Closes on | 27 Dec 2022 |
| Post issue Modification Period | 28 – Dec -2022 (10 to 11 am) |
| Cut-off time for UPI Mandate Confirmation | 28 – Dec -2022 (upto 12:00 PM) |
| Issue type | 100% Book Building |
| Radiant Cash Management IPO issue size | ₹ 387.94 Crore |
| Face value of each equity share | Rs. 1 |
| Radiant Cash Management IPO Price band | Rs 94 to Rs 99 per share |
| Radiant Cash Management IPO market lot | 150 equity shares and multiples |
| Radiant Cash Management IPO minimum order quantity | 150 equity shares |
| Pre IPO equity share of promoters of Radiant Cash Management | 66.39 % |
| Post IPO paid-up equity share of promoters of Radiant Cash Management | __ % |
| QIB portion reservation in Radiant Cash Management IPO | 50 % |
| NIB portion reservation in Radiant Cash Management IPO | 15 % |
| Retail portion reservation in Radiant Cash Management IPO | 35 % |
| Retail individual bidder can apply in Radiant Cash Management IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Radiant Cash Management IPO | NA |
| Employees can apply in Radiant Cash Management IPO | NA |
| Employees Reservation in Radiant Cash Management IPO | NA |
| Employees Discount in Radiant Cash Management IPO | NA |
| Listing of Radiant Cash Management at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Radiant Cash Management | NA |
| Registrar of Radiant Cash Management IPO issue | Link Intime India Private Limited |
Radiant Cash Management IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Radiant Cash Management IPO are mentioned below.
| Radiant Cash Management IPO opens on | 23.12.2022 |
| Radiant Cash Management IPO Closes on | 27.12.2022 |
| Allotment basis date of Radiant Cash Management IPO | 30.12.2022 |
| Money refund date of Radiant Cash Management IPO | 02.01.2023 |
| Shares of Radiant Cash Management in Demat Account | 03.01.2023 |
| Radiant Cash Management IPO listing date on NSE, BSE | 04.01.2023 |
How much shares of Radiant Cash Management IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 387.94 Crore | |
| Fresh Issue size | – | ₹ 60 Crore |
| Offer for Sale (OFS) | – | ₹ 327.94 Crore |
| Employee Reservation | – | – |
Radiant Cash Management financial statements details:
IPO Red Herring Prospectus (RHP) of Radiant Cash Management:
Click here for IPO RHP of Radiant Cash Management on SEBI website.
Objectives of the Radiant Cash Management IPO Issue: (Source – RHP)
The net proceeds of the Fresh Issue, i.e. gross proceeds of the Fresh Issue less the offer expenses apportioned to our Company in relation to Fresh Issue (“Net Proceeds”) are proposed to be utilised towards funding of the following objects: 1. Funding working capital requirements; 2. Funding of capital expenditure requirements for purchase of specially fabricated armoured vans; and 3. General corporate purposes
Business of Radiant Cash Management: (Source – RHP)
We are an 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 or touch points served as of March 31, 2022. (Source: Company Commissioned F&S Report). We provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touch points serving more than 5,388 locations as of July 31, 2022. Our marquee clients include some of 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, ecommerce logistics players, railways and retail petroleum distribution outlets. For the four months ended July 31, 2022, Fiscals 2022, 2021 and 2020 our total annual currency movement, or the total value of the currency passing through our RCM business, amounted to ₹485.85 billion, ₹1,303.80 billion, ₹ 912.22 billion, and ₹ 1,290.77 billion. In Fiscal 2021, we were the Company with the second highest EBITDA margin, ROCE and ROE amongst organised players in the cash management services segment. (Source: Company Commissioned F&S Report).
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