Radiant Cash Management IPO GMP, Price, Date, Allotment

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Last updated on January 4, 2023

Radiant Cash IPO GMP

Radiant Cash Management IPO description – The company is an integrated cash logistics player with leading presence in retail cash management (RCM) segment of the cash management services industry in India and is one of the largest players in the RCM segment in terms of network locations or touch points served as of 31 July 2021.

It provides services across 12,150 pin codes in India covering all districts (other than Lakshadweep) with about 42,420 touch points serving more than 4,700 locations as of 31 July 2021.

Its clients include some of the largest foreign, private and public sector banks, as well as e-commerce FY  2021, its total annual currency movement, or the total value of the currency passing through its RCM business, amounted to INR 912.22 billion. In fiscal 2020, it had the highest EBITDA margin, ROCE and ROE amongst organised players in the cash management services segment.

The company operates its business across five verticals, namely 1) cash pick-up and delivery; 2) network currency management (also known as cash burial in industry parlance); 3) cash processing; 4) cash vans /cash in transit and 5) other value-added services.

Promoters of Radiant Cash Management – Col. David Devasahayam And Dr. Renuka David


Radiant Cash Management IPO Details

Radiant Cash IPO Dates23 – 27 December 2022
Radiant Cash IPO Price INR 94 – 99 per share
Fresh issueINR 60 crore
Offer For Sale3,31,25,000 shares (INR 311.38 – 327.94 crore)
Total IPO sizeINR 371.38 – 387.94 crore
Minimum bid (lot size)150 shares (INR 14,850)
Face Value INR 1 per share
Retail Allocation35%
Listing OnNSE, BSE

Radiant Cash Management Financial Performance

 FY 2019FY 2020FY 2021FY 2022
Revenue220.92248.27221.67286.04
Expenses186.66201.52179.11234.92
Net income25.0136.5032.4338.21
Margin (%)11.3214.7014.6313.36
Figures in INR crore unless specified otherwise

Radiant Cash Management Offer News


Radiant Cash Management Valuations & Margins

FY 2019FY 2020FY 2021FY 2022
EPS2.473.603.203.77
PE ratio24.93 – 26.26
RONW (%)23.6630.5325.5227.34
NAV12.5513.80
ROCE (%)23.6637.9133.3333.07
EBITDA (%)18.46 22.1522.2020.73
Debt/Equity0.170.18 0.110.21
*Compiled by IPO Central from Prospectus

Radiant Cash Management IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda

Radiant Cash Management IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered7,837,1215,877,84113,714,96327,429,925
27 Dec 20221.010.660.210.53
26 Dec 20220.160.030.120.11
23 Dec 20220.050.000.060.04

Radiant Cash Management IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Avoid
Choice Broking –
Dalal & Broacha –
Elite Wealth – Avoid
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe
ICICIdirect –
Jainam Broking – Neutral
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Subscribe
Religare Broking –
Samco Securities –
SMC Global – 3/5
Swastika Investmart –
Ventura Securities – Subscribe


Radiant Cash Management Offer Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:
 +91 22 4918 6200
Email: 
[email protected]
Website: 
www.linkintime.co.in


Radiant Cash Management Contact Details

RADIANT CASH MANAGEMENT
Radiant Building, 4/3 Raju Nagar,
First Street, Okkiyam Thoraipakkam,
Old Mahabalipuram Road,
Chennai 600 096, Tamil Nadu
Phone: +91 044 4904 4904
Email: [email protected]
Website: www.radiantcashservices.com


Radiant Cash Management IPO Allotment Status

Radiant Cash IPO allotment is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


Radiant Cash Management IPO Dates & Listing Performance

Radiant Cash IPO Opening Date23 December 2022
Radiant Cash IPO Closing Date27 December 2022
Finalisation of Basis of Allotment30 December 2022
Initiation of refunds2 January 2023
Transfer of shares to demat accounts3 January 2023
Radiant Cash IPO Listing Date4 January 2023
Opening Price on NSEINR 103 per share (up 9.57%)
Closing Price on NSEINR 106.50 per share (up 13.30%)

Radiant Cash Management IPO FAQs

How many shares in Radiant Cash Management IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Radiant Cash Management Public Offer?

The best way to apply in Radiant Cash public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Radiant Cash Management IPO GMP today?

Radiant Cash IPO GMP today is INR NA per share.

What is Radiant Cash Management kostak rate today?

Radiant Cash kostak rate today is NA per application.

What is Radiant Cash Management Subject to Sauda rate today?

Radiant Cash Subject to Sauda rate today is NA per application.

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