Radiant Cash Management IPO Date, Price, Review
Radiant Cash Management IPO: Know everything about Radiant Cash Management IPO. Radiant Cash Management Limited IPO Date, Radiant Cash Management IPO Review and analysis. We will discus about Radiant Cash Management IPO Benefits & Risks. Also, all information related to Radiant Cash Management IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Radiant Cash Management IPO
Radiant Cash Management provides retail cash management services to banks, financial institutions, and organized retail and e-commerce companies in India. Radiant Cash Management Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 387.94 crore through IPO (Initial public offering).
Radiant Cash Management IPO will open on 23 December 2022 and close on 27 December 2022. The price band of the Radiant Cash Management IPO is ₹94 to ₹99. Radiant Cash Management IPO size is 387.94 Crores. The offer includes 60 Crores under fresh issue and 327.94 Crores under offer for sale. Radiant Cash Management IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Radiant Cash Management IPO listing date is 04 January 2023. You can know about Radiant Cash Management IPO GMP (Grey Market Premium) below.
Radiant Cash Management has given good financial performance. The company made a profit of ₹38.21 crores in the financial year 2022 (March 2021). The IPO of Radiant Cash Management will be listed on NSE and BSE. Radiant Cash Management IPO face value is ₹10 per equity share.
We will talk about Radiant Cash Management limited financials, benefits, and risks of investing in the company.
About Radiant Cash Management International Ltd
Radiant Cash Management Services (RCMS) was established in the year 2005 with the name Radiant Cash Management Services Pvt. RCMS provides retail cash management services to banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment including collection and delivery of cash from the end user on behalf of our customers.
Radiant Cash Management Services is an ISO-certified company. Also, the company is a leading player in the Retail Cash Management (“RCM”) segment of the cash management services industry in India and one of the largest players in the RCM segment. The company's major clients include some of the largest foreign, private, and public sectors, the company's clients in India include ICICI Bank, Kotak Bank, Yes Bank, Axix Bank, and HDFC Bank.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Radiant Cash Management IPO Date and Price Band Details
| IPO Open: | 23 December 2022 |
| IPO Close: | 27 December 2022 |
| Listing Date: | 04 January 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹387.94 crores |
| Fresh Issue: | Approx ₹60 crores |
| Offer For Sale: | Approx ₹327.94 crores |
| Price Band: | ₹94 to ₹99 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Radiant Cash Management IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 150 Shares |
| Minimum Amount: | ₹14,850 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 1950 Shares |
| Maximum Amount: | ₹193,050 |
Radiant Cash Management IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 23 December 2022 |
| IPO Closing Date: | 27 December 2022 |
| Basis of Allotment: | 30 December 2022 |
| Refund Date: | 02 January 2023 |
| Credit to Demat Account: | 03 January 2023 |
| Listing Date: | 04 January 2023 |
Radiant Cash Management IPO Review
| Happiest Post | Not Rated yet |
| Anand Rathi | Not Rated yet |
| Angle One | Not Rated yet |
| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Radiant Cash Management IPO on our website.
Radiant Cash Management Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Radiant Cash Management Services is an ISO-certified company.
- Radiant Cash Management Services is a leading player in the Retail Cash Management (“RCM”) segment of the Cash Management Services industry in India.
- The company has a pan India presence, with a strong network in Tier 2 and Tier 3+ regions and rapidly growing end-user segments.
- An experienced management team and a reputed institutional investor back the company.
- The company's customers in India include many big names such as ICICI Bank, Kotak Bank, Yes Bank, Axis Bank, HDFC Bank, etc.
Risks
- The digital transaction is being given more importance by the government, which is likely to affect the company's operations in the future.
- In India, his firm is heavily dependent on the banking sector for revenue.
- A significant portion of the company's revenue comes from a certain number of customers.
- His company is involved in some legal proceedings, if the decision is not in favor of the company, it may have a negative impact on the company.
- Certain contingent liabilities on the company may have a negative impact on its financial position.
Radiant Cash Management Ltd Financials
Radiant Cash Management Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹141.44 | ₹223.13 | ₹25.02 |
| Mar 2020 | ₹157.62 | ₹251.78 | ₹36.5 |
| Mar 2021 | ₹162.14 | ₹224.16 | ₹32.43 |
| Mar 2022 | ₹190.57 | ₹286.94 | ₹38.21 |
Promoters
- Col David Devasahayam
- Dr. Renuka David
Contact Details of Radiant Cash Management
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Telephone: +91 044 4904 4904
E-mail: jayabharathi@radiantcashlogistics.com
Website:www.radiantcashservices.com
Radiant Cash Management Lead Managers
- IIFL Securities Limited
- Motilal Oswal Investment Advisors Limited
- YES Securities (India) Limited
Radiant Cash Management IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: radiant.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 38.21 crore. Our suggestion will be updated when the Radiant Cash Management Limited IPO starts. Radiant Cash Management Limited IPO financial details and other information are given above.
Radiant Cash Management IPO FAQs
How to Apply the Radiant Cash Management Ltd IPO with Zerodha?
We hope you like this article about Radiant Cash Management IPO. If you have a query about Radiant Cash Management IPO then, leave a comment. Here you can also stay updated about the upcoming IPO. Also, you can track IPO performance. Thanks for Visiting. Happy Investing.
0 Comments
We are waiting for your comments. 💙