Radiant Cash Management Services Limited IPO
Radiant Cash Management Services Limited IPO is listed on BSE and NSE, priced at ₹94–₹99 per share. The stock debuted at ₹103, delivering a listing gain of 4.0%. The IPO had a lot size of ₹150 shares and a minimum investment of ₹14,850.
Radiant Cash Management Services Limited IPO
- IPO Dates
- Dec 23, 2022 – Dec 27, 2022
- Price band
- ₹94-99 per equity share
- Minimum Investment
- ₹14,850
- Issue size
- 39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr) #Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr) #Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr)
- Lot size
- 150
- Allotment Date
- Dec 30, 2022
- Listing
- Jan 4, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Dec 23, 2022
Open Date
Completed
-
Dec 27, 2022
Close Date
Completed
-
Dec 30, 2022
Allotment Date
Completed
-
Jan 4, 2023
Listing Date
Completed
Price Summary
- Last closing
- 40.71 (-58.88%)
- 52 week high
- 73.80
- 52 week low
- 32.33
- Last update
Radiant Cash Management Services Limited IPO Essentials
Radiant Cash Management Services Limited IPO Details
Radiant Cash Management Services Limited IPO is priced at ₹94-99 per share with a total issue size of 39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr) #Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr) #Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr). The IPO has a lot size of 150 shares and is listed on BSE and NSE.
- Issue price
- ₹94-99 per equity share
- Lot size
- 150 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- 39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr)
#Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr)
#Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr) - Listing at
- BSE, NSE
- List price
- 103.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
IIFL Securities Ltd ,Motilal Oswal Investment Advisors Pvt Ltd,YES Bank Limited
Radiant Cash Management Services Limited IPO Analytics
Radiant Cash Management Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Radiant Cash Management Services Limited IPO Subscription Status
Radiant Cash Management Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 7,837,121 |
5,877,841
3,918,560
1,959,281
|
13,714,963 | 27,429,925 |
|
Day 1
23-12-22 05:00 PM
|
0.05 x |
0.00x
0.00x
0.01x
|
0.06 x | 0.04 x |
|
Day 2
26-12-22 05:00 PM
|
0.16 x |
0.03x
0.02x
0.04x
|
0.12 x | 0.11 x |
|
Day 3
27-12-22 05:00 PM
|
1.01 x |
0.66x
0.94x
0.09x
|
0.21 x | 0.53 x |
Radiant Cash Management Services Limited Valuations
Earnings
- EPS (Post IPO)
- ₹3.51/-
- P/E Ratio
- 28.21
Returns
- RoNW
- 27.34%
Radiant Cash Management Services Limited Financials( In Crs.)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 190.57 | 162.14 | 157.62 | 141.44 |
| Revenue | 286.97 | 224.16 | 251.78 | 223.13 |
| Profit After Tax | 38.21 | 32.43 | 36.5 | 25.02 |
Radiant Cash Management Services Limited Company & Offer Insights
About Radiant Cash Management Services Limited
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 1,761 employees (as of July 31, 2021).
The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of July 31, 2021.
Radiant Cash Management Services provide services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with about 42,420 touchpoints serving more than 4,700 locations as of July 31, 2021.
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.
Radiant Cash Management Services Limited Promoter(s)
Col. David Devasahayam, Dr Renuka David are the company's promoters of Radiant Cash Management Services Limited.
Radiant Cash Management Services Limited IPO Issue Objectives
- •
- Funding working capital requirements.
- •
- Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
- •
- General corporate purposes.
Radiant Cash Management Services Limited IPO - Anchor Investors
Radiant Cash Management Services mops up Rs 116.38 crore via anchor book ahead of IPO.
Total 16 investors have bought 1.17 crore shares in the company via anchor book, including prominent names such as HDFC Trustee, Aditya Birla Sun Life Trustee, Emerging Business Fund, Alchemy Emerging Leaders of Tomorrow, Citigroup Global Markets, Dovetail India Fund, Societe Generale, BNP Paribas Arbitrage, UTI Mutual Fund, and Saint Capital Fund.
Radiant Cash Management Services Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Radiant Cash Management | 6.46 | 28.21 | 27.34% | 287 |
| SIS Limited | 2.65 | 16.60 | 16.60% | 10,059 |
| CMS Info Systems | 3.49 | 18.50 | 19.60% | 1,408 |
Contact Information
Frequently Asked Questions
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Radiant Cash Management Services Limited IPO is a book-built IPO worth ₹39,185,606 shares of ₹1 (aggregating up to ₹387.94 Cr) #Fresh Issue: 6,060,606 shares of ₹1 (aggregating up to ₹60.0 Cr) #Offer for Sale: 33,125,000 shares of ₹1 (aggregating up to ₹327.94 Cr). The price band is ₹94–₹99 per share. The IPO opens on Dec 23, 2022 and closes on Dec 27, 2022. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Radiant Cash Management Services Limited IPO is ₹94 to ₹99 per share.
The lot size of Radiant Cash Management Services Limited IPO is 150 shares.
The minimum investment for Radiant Cash Management Services Limited IPO is approximately ₹14,850 based on the upper price band .
Radiant Cash Management Services Limited IPO opens on Dec 23, 2022 and closes on Dec 27, 2022.
The allotment date of Radiant Cash Management Services Limited IPO is Dec 30, 2022.
Radiant Cash Management Services Limited IPO is expected to be listed on Jan 4, 2023, on BSE and NSE .
Radiant Cash Management Services Limited IPO listed on Jan 4, 2023. It was issued at ₹103.0(NSE) and is currently around ₹40.71 as on 14-May-2026 3:30 PM, which is approximately -58.9% versus issue price. The 52-week high is ₹73.80.
Based on listing and post-listing performance, Radiant Cash Management Services Limited IPO delivered around -58.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Radiant Cash Management Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Radiant Cash Management Services Limited IPO valuation snapshot: P/E 28.21, EPS ₹3.51/-, P/B N/A, RoNW 27.34%, and market cap N/A.
To apply for Radiant Cash Management Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Radiant Cash Management Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Radiant Cash Management Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Radiant Cash Management Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Radiant Cash Management Services Limited IPO allotment status on IPO Ji for quick and easy access.