IPO

Radiant Cash Management Services Limited IPO

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Diversified Commercial Services

Listed On: Jan 4, 2023 at ₹ 103.0(NSE)

₹ 14850 /150 Shares

Check Allotment

23 Dec, 2022

Open Date

27 Dec, 2022

Close Date

30 Dec, 2022

Allotment Date

04 Jan, 2023

Listing Date
Price Summary

Last Closing

52.00 (-47.47%)

52 Week High

77.39

52 Week Low

49.38

Last Update

19-Dec-2025 3:30 PM
Radiant Cash Management Services Limited IPO Issue Details
  • Issue Price ₹94-99 per equity share
  • Face Value ₹1 Per Equity Share
  • Issue Price 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 2023-01-04
  • Lead Manager IIFL Securities Ltd ,Motilal Oswal Investment Advisors Pvt Ltd,YES Bank Limited
  • Registrar Link Intime India Private Ltd
Radiant Cash Management Services Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications : 91,430 Approx),
    (Number of sHNI Applications : 930 Approx),
    (Number of bHNI Applications : 1,860 Approx)
Radiant Cash Management Services Limited IPO Documents
DRHP
RHP
Radiant Cash Management Services Limited IPO Details


The IPO of Radiant Cash Management Services Limited is priced at ₹94-99 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Dec 23, 2022 and ends on Dec 27, 2022. The allotment for Radiant Cash Management Services Limited IPO will be finalized on Dec 30, 2022. Radiant Cash Management Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 4, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are IIFL Securities Ltd ,Motilal Oswal Investment Advisors Pvt Ltd,YES Bank Limited.


The Radiant Cash Management Services Limited IPO sets its price band at 94-99 for each share. A single application for Radiant Cash Management Services Limited IPO must contain at least 150 shares.

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Radiant Cash Management Services Limited IPO Subscription Analysis And Details
Retail
0.21x
QIB
1.01x
NII
0.66x
bNII
0.94x
sNII
0.09x
Total
0.53x
As on QIB NII
bNII   sNII 		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 0.00
0.00 x   0.01 x 		0.06 x 0.04 x
Day 2 26-12-22 05:00 PM
0.16 x 0.03
0.02 x   0.04 x 		0.12 x 0.11 x
Day 3 27-12-22 05:00 PM
1.01 x 0.66
0.94 x   0.09 x 		0.21 x 0.53 x
Radiant Cash Management Services Limited Valuations
Earnings Per Share (EPS) ₹3.51/-
P/E Ratio 28.21
RoNW 27.34%
Net Asset Value (NAV) - As on 30.06.22 ₹15.33
Radiant Cash Management Services Limited Company Financials
In Crs.
In Cr.
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
About Radiant Cash Management Services Limited Company

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.

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Radiant Cash Management Services Limited - Promoter(s)

Col. David Devasahayam

Dr Renuka David

Pre Issue Share Holding : 66.39%

Post Issue Share Holding : 53.21%

Radiant Cash Management Services Limited IPO - Issue Objectives
1

Funding working capital requirements.

2

Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.

3

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