Let’s have a detailed review of the company and analytics of the Radiant Cash Management IPO release date, IPO offer price, subscription, Radiant Cash Management Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 600 Million
IPO SizeRs Million
Tick Size1

Radiant Cash Management IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Radiant Cash Management IPO – Summary

Radiant Cash Management IPOThey are 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 are one of the largest players in the RCM segment in terms of network locations or touchpoints served as of July 31, 2021.

They provide 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 July 31, 2021. Their marquee clients include some of the largest foreign, private, and public sector banks, and the end-user of their services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, eCommerce logistics players, railways, and retail petroleum distribution outlets.

The Promoter of this company is COL. DAVID DEVASAHAYAM AND DR. RENUKA DAVID. The lead manager to the issue is IIFL Securities Limited, Motilal Oswal Investment Advisors Limited, YES Securities (India) Limited, and the Registrar to this issue is Link Intime India Private Limited.


Radiant Cash Management IPO Date

The opening and the closing date of Radiant Cash Management IPO are not available yet.


Radiant Cash Management IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Radiant Cash Management IPO LIVE Subscription

  • Radiant Cash Management IPO LIVE Bid details on BSE
  • Radiant Cash Management IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Radiant Cash Management IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Radiant Cash Management Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Radiant Cash Management IPO Price

The face value of each share is Rs.1, but the price band of the IPO is Rs.[●] 


Radiant Cash Management IPO Size

This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Radiant Cash Management IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.

Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.[●] Million


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    Radiant Cash Management IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Radiant Cash Management Share Price

    Radiant Cash Management IPO Grey Market Premium

    The Radiant Cash Management Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Radiant Cash Management IPO – Company Overview

    They cater to a broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organized retail and e-commerce companies in India. They operate their 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.

    Their integrated offerings are supported by customized technology and process controls, which enables them to offer their clients a wide range of solutions while generating cross-selling opportunities and driving synergies and efficiencies across their business.

    They also seek to continuously improve and bring the latest technologies to meet their client demands and to improve customer experience. For example, they have implemented API integration with certain of their clients, which allows them to provide near real-time reports for their clients, in turn improving the client’s access to information faster.

    Further, they have also created the RADMUS mobile application which is an enterprise mobile application for secure end-to-end reconciliation between the customer, end-user, and their Company. They believe that their approach towards continuous technology improvement and innovating is a key differentiation factor for their Company.


    Radiant Cash Management IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-June-2131-Mar-21Mar-20Mar-19
    Total Assets1,405.521,442.251,147.44938.70
    *Total Revenue598.752,241.582,517.802,231.32
    Total Expense496.411,791.142,015.241,866.58
    Profit After Tax74.40324.33365.03250.17

    Earnings per Equity Share (in Million)

    30-June-2131-Mar-21Mar-20Mar-19
    Basic & Diluted62.45268.12286.00207.96

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 324.33 Million, Rs. 365.03 Million, and Rs. 250.17 Million respectively.


    Radiant Cash Management IPO – Promoters

    The Promoter of this company is:

    1. COL. DAVID DEVASAHAYAM
    2. DR. RENUKA DAVID

    List of Related Parties (Key Managerial Personnel)

    • Col. David Devasahayam, Chairman and Managing Director
    • Renuka David, Whole Time Director
    • Ayyavu Palanichamy Vasanthakumar, Nominee Director
    • Jayanthi, Independent Director
    • Ashok Kumar Sarangi, Independent Director
    • Lt. Gen. (Retd.) Devraj Anbu, Independent Director

    Radiant Cash Management IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Radiant Cash Management IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue101,253,360 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Radiant Cash Management IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding working capital requirements;
    2. Funding of capital expenditure requirements for purchase of specially fabricated armored vans; and
    3. General corporate purposes.

    Radiant Cash Management – Business Strategy

    • Capitalize on the strong growth of key end-use sectors
    • Improve the share of Value-Added-Services in their revenue mix
    • Target direct end-users to improve profitability through increasing route density
    • Increase market share from unorganized players in Cash Van Operations

    Radiant Cash Management IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.

    Qualitative factors are:

    • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management
    • Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast-growing end-user segments
    • Diversified client base with long-standing relationship and ability to cross-sell value-added services
    • Robust Operational Risk Management
    • Significantly built-up technology to optimize operational profitability
    • Steady financial growth
    • The experienced management team and backed by a reputed institutional investor

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-213.2025.5212.55
    31-Mar-203.6030.53
    Mar-192.4723.66

    Radiant Cash IPO : Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Radiant Cash Management Limited1[●]3.2025.522,241.58
    Listed Peers
    SIS Limited519.9024.8520.0696,050.98

    Radiant Cash Management IPO Lead Managers

    Lead Managers
    IIFL Securities Limited

    Motilal Oswal Investment Advisors Limited

    YES Securities (India) Limited

    Radiant Cash Management IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C 101, 247 Park, L.B.S. Marg, Vikhroli (West),
    Mumbai 400 083
    Maharashtra, India
    Tel: +91 22 4918 6200
    E-mail: radiant.ipo@linkintime.co.in
    Investor grievance E-mail:
    radiant.ipo@linkintime.co.in
    Contact person: Shanti Gopalkrishnan
    Website: www.linkintime.co.in
    SEBI Registration: INR000004058

    Radiant Cash Management IPO – Other Details

    • Statutory Auditor – ASA & Associates LLP, Chartered Accountants
    • Legal Counsel to the Company – J. Sagar Associates
    • Bankers to the Company –  NA


    Radiant Cash Management IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Radiant Cash Management Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Radiant Cash Management IPO Review FAQs

      Ques – What is the Issue Size of Radiant Cash Management IPO?

      Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Radiant Cash IPO?

      Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.

      Ques – What is the Radiant Cash IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      Ques – What is the Radiant Cash IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Radiant Cash IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Ques – Who is the Registrar of Radiant Cash IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Radiant Cash IPO?

      Answer – Here are the promoters of this IPO – COL. DAVID DEVASAHAYAM AND DR. RENUKA DAVID. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Radiant Cash IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Radiant Cash IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Radiant Cash?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 324.33, 2020 is 365.03, 2019 is 250.17. PAT from June 2021 is 74.40.


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