Radiant Cash Management Services Limited IPO
MainboardDiversified Commercial Services
Listed On: Jan 4, 2023 at ₹ 103.0(NSE)
₹ 14850 /150 Shares
Check AllotmentPrice Summary
Last Closing
73.98 (-25.27%)52 Week High
97.0052 Week Low
71.10Last Update
22-Nov-2024 3:30 PMRadiant Cash Management Services Limited IPO Details
23 Dec, 2022
Open Date27 Dec, 2022
Close Date30 Dec, 2022
Allotment Date04 Jan, 2023
Listing DateIssue Price
₹94-99 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
103.0(NSE)Listing Date
2023-01-04Market Lot
Retail : 150 Shares (₹14,850/-)sHNI : 2,100 Shares (₹2,07,900/-)
bHNI : 10,200 Shares (₹10,09,800/-)
Lead Manager
IIFL Securities Ltd ,Motilal Oswal Investment Advisors Pvt Ltd,YES Bank LimitedIssue Size
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)
Retail Portion
35% (Number of Retail Applications : 91,430 Approx),(Number of sHNI Applications : 930 Approx),
(Number of bHNI Applications : 1,860 Approx)
Subscription
0.53 timesRadiant Cash Management Services Limited IPO Subscription Details
| 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
28.21RoNW
27.34%Net Asset Value (NAV) - As on 30.06.22
₹15.33Radiant Cash Management Services Limited Company Financials All values are 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 The 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.
Radiant Cash Management Services Limited - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| 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 |
Radiant Cash Management Services Limited - Promoter(s)
Pre Issue Share Holding: 66.39%
Post Issue Share Holding: 53.21%
Company Promoter(s)
- Col. David Devasahayam
- Dr Renuka David
Radiant Cash Management Services Limited IPO - Issue Objectives
- Funding working capital requirements.
- Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
- General corporate purposes.
Radiant Cash Management Services Limited IPO - Anchor Investors
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 - FAQs
Ans. Radiant Cash Management Services Limited IPO is a Mainboard IPO. The issue is priced at ₹94-99 per equity share. The minimum order quantity is 150 Shares. The IPO opens on Dec 23, 2022, and closes on Dec 27, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Radiant Cash Management Services Limited IPO opens on Dec 23, 2022 and closes on Dec 27, 2022.
Ans. The size of Radiant Cash Management Services Limited IPO is 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).
Ans. The IPO price band is set between ₹94-99 per equity share.
Ans. To apply for Radiant Cash Management Services Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Radiant Cash Management Services Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Radiant Cash Management Services Limited IPO is Dec 30, 2022.
Ans. The Radiant Cash Management Services Limited IPO will be listed on Jan 4, 2023.
Ans. Follow the steps to check the allotment status for Radiant Cash Management Services Limited IPO here.
