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Radiant Cash Management Services IPO
Radiant Cash Management IPO consists of fresh IPOs worth Rs 60 crore and an offer for sale of Rs 327.94 crore equities from existing shareholders. The company is an integrated cash logistic business with a leading position in the domain. Click here to Apply for Radiant Cash Management Services IPO
Opening Date
Dec 23, 2022
Closing Date
Dec 27, 2022
Price Band
₹94 - ₹99
per equity share
Issue Size
₹387.94 crore
Face Value
₹1
per equity share
Market Lot
150 Shares
Opening Date
Dec 23, 2022
Closing Date
Dec 27, 2022
Price Band
₹94 - ₹99
per equity share
Issue Size
₹387.94 crore
Face Value
₹1
per equity share
Market Lot
150 Shares
Listing at NSE, BSE
Radiant Cash Management IPO Important Dates
| IPO Open Date | December 23, 2022 |
|---|---|
| IPO Close Date | December 27, 2022 |
| Allotment Date | December 30, 2022 |
| Initiation Of Refunds | January 2, 2022 |
| Credit Of Shares To Demat Account |
January 3, 2022 |
| IPO Listing Date | January 4, 2022 |
| UPI Mandate Expiry Date | December 27, 2022 |
Radiant Cash Management IPO Subscription Status Today [Live]
At 05:00:00 PM.
- This IPO has been 0.04x by 05:00 PM on Day 1
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.05
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.06
- Employees: [.]
- This IPO has been 0.02x by 03:28 PM on Day 1
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.04
- Employees: [.]
- This IPO has been 0.02x by 01:23 PM on Day 1
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.04
- Employees: [.]
- This IPO has been 0.01x by 11:04 AM on Day 1
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.02
- Employees: [.]
At 10:28:00 AM
- This IPO has been 0.05x by 10:28 AM on Day 2
- It is a public issue of 27,429,925 equity shares
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.07
- Employees: [.]
- This IPO has been 0.06x by 01:49 PM on Day 2
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.05
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.09
- Employees: [.]
- This IPO has been 0.07x by 03:14 PM on Day 2
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.05
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.10
- Employees: [.]
- This IPO has been 0.11x by 05:00 PM on Day 2
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.16
- (NII) Non-institutional buyers: 0.03
- (RII) Retail Individual buyers: 0.12
- Employees: [.]
At 10:23:00 AM
- This IPO has been 0.12x by 10:23 AM on Day 3
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.16
- (NII) Non-institutional buyers: 0.03
- (RII) Retail Individual buyers: 0.13
- Employees: [.]
At 01:02:00 PM
- This IPO has been 0.13x by 01:02 PM on Day 3
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.16
- (NII) Non-institutional buyers: 0.05
- (RII) Retail Individual buyers: 0.15
- Employees: [.]
At 03:09:00 PM
- This IPO has been 0.36x by 03:09 PM on Day 3
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 0.77
- (NII) Non-institutional buyers: 0.21
- (RII) Retail Individual buyers: 0.18
- Employees: [.]
At 06:45:00 PM
- This IPO has been 0.53x by 06:45 PM on Day 3
- It is a public issue of 27,429,925 equity shares.
- (QIB) Qualified institutional buyers: 1.01
- (NII) Non-institutional buyers: 0.66
- (RII) Retail Individual buyers: 0.20
- Employees: [.]
About Radiant Cash Management Services
The company is one of the most significant players in the retail cash management segment. They offer integrated cash logistics in over 12,150 pin codes. They have one of the highest EBITDA margins among peers in the organised cash management service segment.
The company caters to several marquee clients, including some of the largest foreign and Indian private and public sector banks, large e-commerce companies, retail chains, insurance companies, e-commerce logistic businesses, railways and many more.
Radiant Cash Management Services IPO Objectives
• The company proposed in its DRHP to utilise funds from the new issues towards meeting expenditure requirements in purchasing specially fabricated armoured vans.
Why should you invest in the Radiant Cash Management Services IPO?
Following are the top reasons to apply for the IPO:
- They are a leading player in the organised cash logistics segment.
- The company has a strong distribution network and presence in tier-II and III cities.
- Steady financial and performance growth.
Financial Highlights
| Particulars | For the year/period ended (₹ in million) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue From Operation | 345.01 | 236.49 | 149.67 |
| EBITDA | 497.62 | 557.70 | 411.98 |
| EBITDA Margin (%) | 22.20 | 22.15 | 18.46 |
| Profit After Tax | 324.33 | 365.03 | 250.17 |
| EPS | 3.20 | 3.60 | 2.47 |
| ROE | 25.52 | 30.53 | 23.66 |
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How to apply for Radiant Cash Management IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Radiant Cash Management Services IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Radiant Cash Management Services Noteworthy Highlights:
- The company boasts a diversified client base, including several marquee clients from diversified sectors.
- Significantly buildup technology to emphasise operational profitability.
- Long-standing relationships with clients through cross-selling and value-added services.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| The company caters to a broad set of outsourcing services about cash management for its diversified client base. | Any adverse development in the banking industry can impact the company’s future cash flow. |
| Their integrated cash management services are supported by customised technology and control processes creating cross-selling opportunities for the company. | Not being able to diversify their client base may hurt future profitability. |
| The company is a leader in integrated cash management in the country, occupied mainly by unorganised smaller businesses. | Gradually decreasing the use of hard cash remains a concern for the company’s cash management business. |
Competitive Analysis: Market Peers
None of the listed companies in India is exclusively engaged in a business line similar to Radiant Cash Management Services. Accordingly, we cannot offer a competitive analysis of its peers.
Radiant Cash Management IPO FAQs
What is Radiant Cash Management Services IPO?
The IPO contains fresh issues aggregating up to Rs. 60 crore and an offer for sale of equities from existing shareholders aggregating up to Rs. 327.94 crore.
When will the Radiant Cash Management Services IPO allotment be available?
The Basis of Allotment date is fixed on December 30, 2022.
What will be the Radiant Cash Management Services IPO lot size?
The minimum lot size is fixed at 150 shares per lot.
When will Radiant Cash Management Services IPO open for subscription?
The IPO subscription window will open on December 23, 2022.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Radiant Cash Management Services list on exchanges?
The listing date for Radiant Cash Management Services is January 4, 2022.
How to check the allotment status of Radiant Cash Management Services IPO?
Angel One investors can check the IPO allotment status by logging into their Angel One account.
How will I receive shares?
The IPO shares will get credited directly to your Demat account.
Is it necessary to approve a UPI mandate request immediately?
Approving the UPI payment is the final step of the IPO application. Investors are allowed T+1 days to approve the payment on UPI.
How to apply for this Radiant Cash Management Services IPO via the Angel One App?
To apply from the Angel One app, find Radiant Cash Management Services in the active IPO list and click on apply.
What is the minimum order quantity for Radiant Cash Management Services IPO?
The minimum order quantity is one lot of 150 shares.
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