Radiant Cash Management Services Limited IPO (Radiant Cash Management Services IPO)
Note: Radiant Cash Management Services Limited IPO is an NSE SME IPO. They are going to raise ₹387.94 Crores via IPO. The issue is a price range of ₹94 to ₹99 per Equity Share. The IPO is to be listed on BSE and NSE.
Radiant Cash Management Services Limited is incorporated in 2005, the company 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 2022).
The main objectives of the Company are:
- To carry on the business of providing to Banks, Cash/Cheques/DDs Pickup and Delivery Services, Individuals, Commercial and Government Establishments, 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, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Citibank, Deutsche Bank Limited, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited, and Yes Bank Limited.
Radiant Cash Management Services Limited IPO Financial Reports
| 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 | |||||
Radiant Cash Management Services Limited IPO Date & Price Band
| IPO Open: | December 23, 2022 |
| IPO Close: | December 27, 2022 |
| IPO Size: | Approx ₹387.94 Crores |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹94 to ₹99 per Equity Share |
| IPO Listing on: | BSE, NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Radiant Cash Management Services Limited IPO Market Lot
The Radiant Cash Management IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193,050).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹193,050 |
| S-HNI (Min) | 14 | 2,100 | ₹207,900 |
| B-HNI (Min) | 68 | 10,200 | ₹1,009,800 |
Radiant Cash Management Services Limited IPO Allotment & Listing Dates
The IPO date is December 23 and the IPO close date is December 27, 2022. The IPO allotment date is December 30 and the Radiant Cash Management Services Limited IPO listing is on January 04, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 23, 2022 |
| Closing Date | Dec 27, 2022 |
| Basis of Allotment | Dec 30, 2022 |
| Initiation of Refunds | Jan 2, 2023 |
| Credit of Shares to Demat | Jan 3, 2023 |
| Listing Date | Jan 4, 2023 |
Radiant Cash Management Services Limited IPO Prospectus
What is the official website of Radiant Cash Management Services Limited?
Radiant Cash Management Services Limited Official Website is https://radiantcashservices.com/
What is the registered address of Radiant Cash Management Services Limited?
Radiant Cash Management Services Limited
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Phone: +91 044 4904 4904
Email: jayabharathi@radiantcashlogistics.com
Website: https://radiantcashservices.com/
Radiant Cash Management Services IPO Company Promoter
Col. David Devasahayam and Dr. Renuka David are the company promoters.
Radiant Cash Management Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: radiant.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Radiant Cash Management Services IPO Lead Managers
- IIFL Securities Ltd
- Motilal Oswal Investment Advisors Pvt Ltd
- YES Bank Limited
What is Radiant Cash Management Services IPO?
Radiant Cash Management Services Limited IPO is an NSE SME IPO. They are going to raise ₹387.94 Crores via IPO. The issue is a price range of ₹94 to ₹99 per Equity Share. The IPO is to be listed on BSE and NSE.
When will Radiant Cash Management Services IPO open?
The IPO will open for NII, QIB, and Retail Investors on December 23, 2022.
What is Radiant Cash Management Services IPO Investors Portion?
The investors’ portion for NII is 15%, QIB is 50% and Retail is 35%.
What is Radiant Cash Management Services IPO Size?
The IPO size is ₹387.94 crores.
What is Radiant Cash Management Services IPO Price Band?
The IPO Price range of ₹94 to ₹99 per equity share.
What is Radiant Cash Management Services IPO Minimum and Maximum Lot Size?
The Radiant Cash Management IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193,050).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹193,050 |
| S-HNI (Min) | 14 | 2,100 | ₹207,900 |
| B-HNI (Min) | 68 | 10,200 | ₹1,009,800 |
What is Radiant Cash Management Services IPO Allotment?
The IPO allotment date is December 23, 2022.
What is Radiant Cash Management Services IPO Listing?
The IPO listing date is December 27, 2022. The IPO to list on NSE SME.
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