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 FYÂ 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 Dates | 23 – 27 December 2022 |
| Radiant Cash IPO Price | INR 94 – 99 per share |
| Fresh issue | 54,54,546 shares (INR 51.27 – 54.0 crore) |
| Offer For Sale | 2,12,22,431 shares (INR 199.49 – 202.64 crore) |
| Total IPO size | 2,66,76,977 shares (INR 250.76 – 256.64 crore |
| Minimum bid (lot size) | 150 shares (INR 14,850) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Radiant Cash Management Financial Performance
| Â | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 220.92 | 248.27 | 221.67 | 286.04 |
| Expenses | 186.66 | 201.52 | 179.11 | 234.92 |
| Net income | 25.01 | 36.50 | 32.43 | 38.21 |
| Margin (%) | 11.32 | 14.70 | 14.63 | 13.36 |
Radiant Cash Management Offer News
Radiant Cash Management Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.47 | 3.60 | 3.20 | 3.77 |
| PE ratio | – | – | – | 24.93 – 26.26 |
| RONW (%) | 23.66 | 30.53 | 25.52 | 27.34 |
| NAV | – | – | 12.55 | 13.80 |
| ROCE (%) | 23.66 | 37.91 | 33.33 | 33.07 |
| EBITDA (%) | 18.46 | 22.15 | 22.20 | 20.73 |
| Debt/Equity | 0.17 | 0.18 | 0.11 | 0.21 |
Radiant Cash Management IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| – | – | – | – |
Radiant Cash Management IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 7,837,121 | 5,877,841 | 13,714,963 | 27,429,925 |
| 27 Dec 2022 | 1.01 | 0.66 | 0.21 | 0.53 |
| 26 Dec 2022 | 0.16 | 0.03 | 0.12 | 0.11 |
| 23 Dec 2022 | 0.05 | 0.00 | 0.06 | 0.04 |
Radiant Cash Management IPO Reviews – Subscribe or Avoid?
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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:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â 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:Â +91 044 4904 4904
Email:Â [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 Date | 23 December 2022 |
| Radiant Cash IPO Closing Date | 27 December 2022 |
| Finalisation of Basis of Allotment | 30 December 2022 |
| Initiation of refunds | 2 January 2023 |
| Transfer of shares to demat accounts | 3 January 2023 |
| Radiant Cash IPO Listing Date | 4 January 2023 |
| Opening Price on NSE | INR 103 per share (up 9.57%) |
| Closing Price on NSE | INR 104.90 per share (up 5.96%) |
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.
