Hello, in today’s article we will learn about Radiant Cash Management IPO GMP, Gray Market Premium & Kostak Rates Today. So continue reading the article carefully.
Radiant Cash Management IPO started on 23-Dec-2022 and will close on 27-Dec-2022. Its total IPO size is around ₹387 Crores and the company has priced its IPO at – ₹94 to ₹99 Per Share. Basically, Radiant Cash Management IPO Subscription includes three basic categories 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs).
Radiant Cash Management is established in 2005 and is still running in the market.
Radiant Cash Management is an integrated cash logistics player with a leading presence in the Retail cash management (“RCM”) segment of the cash management services industry in India and is one of the largest players in the RCM segment. They provide their services to 12,150 pin codes in India. Work to cover all districts (except Lakshadweep) with around 42,420 touchpoints serving over 4,700 locations by July 31, 2021.
Major customers include some of the largest foreign, private and public sector banks and end users of their services. These include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, eCommerce logistics players, railways and retail petroleum distribution outlets.
They provide the following types of services as given below:-
- Network currency management
- Cash processing
- Cash Vans / Cash in transit.
Radiant Cash Management IPO GMP Live Rates day by day with Kotak rates
| Date | GMP | Kostak | Subject to |
| 26 December | ₹3 | ₹- | ₹- |
| 25 December | ₹3 | ₹- | ₹- |
| 24 December | ₹3 | ₹- | ₹- |
| 23 December | ₹3 | ₹- | ₹- |
| 22 December | ₹- | ₹- | ₹- |
| 21 December | ₹- | ₹- | ₹- |
| 20 December | ₹- | ₹- | ₹- |
| 19 December | ₹- | ₹- | ₹- |
Radiant Cash Management IPO Date, Details & Price Band
Through the table given below, you can know the information about Radiant Cash Management IPO Date, Details & Price Band.
| IPO Open: | December 23,, 2022 |
| IPO Close: | December 27, 2022 |
| IPO Size: | Approx ₹387 Crores |
| Fresh Issue: | Approx ₹60 Crores |
| Offer for Sale: | Approx 30,125,000 shares |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹94 to ₹99 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Radiant Cash Management IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 150 | ₹14,850 |
| Retail Maximum | 13 | 1950 | ₹193,050 |
| S-HNI Minimum | 14 | 2100 | ₹207,900 |
| B-HNI Minimum | 68 | 10200 | ₹10,09,800 |
Radiant Cash Management IPO Allotment & Listing Dates
| Price Band Announcement: | December 19, 2022 |
| Anchor Investors Allotment: | December 22, 2022 |
| IPO Open Date: | December 23, 2022 |
| IPO Close Date: | December 27, 2022 |
| Basis of Allotment: | December 30, 2022 |
| Refunds: | January 2, 2023 |
| Credit to Demat Account: | January 3, 2023 |
| Radiant Cash Management IPO Listing Date: | January 4, 2023 |
Radiant Cash Management Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹252 | ₹202 | ₹36.50 |
| 2021 | ₹224 | ₹179 | ₹32.43 |
| 2022 3M | ₹60 | ₹50 | ₹7.44 |
Radiant Cash Management IPO Promotors
1) Col. David Devasahayam
2) Dr Renuka David
Radiant Cash Management IPO Allotment Date & Details
| Allotment Date | 30-Dec-2022 |
| Initiation of refunds | 02-Jan-2022 |
| Transfer of shares to Demat accounts | 03-Jan-2022 |
| Listing Date | 04-Jan-2022 |
| Check Allotment Status | Click here |
Radiant Cash Management IPO Valuation – FY2021
| Earning Per Share (EPS): | ₹3.20 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.52% |
| Net Asset Value (NAV): | ₹12.55 per Equity Share |
Registrar of Radiant Cash Management IPO
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/
Email: ipo.helpdesk@linkintime.co.in
Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Radiant Cash Management Contact Details
Radiant Building,
4/3 Raju Nagar, First Street,
Okkiyam Thoraipakkam,
Old Mahabalipuram Road,
Chennai 600 096,
Tamil Nadu, India;
Contact Person: Ms. Jaya Bharathi Karumuri,
Tel: +91 044 4904 4904
E-mail: jayabharathi@radiantcashlogistics.com;
Website: www.radiantcashservices.com
Radiant Cash Management IPO Lead Managers
IIFL Securities Limited
Motilal Oswal Investment Advisors Limited
YES Securities (India) Limited
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