Keep up with personal finance and investing trends. Stock Market, Mutual Funds, Insurance, and lot more.
All that you should know about the Company before applying for the IPO.
The public issue of equity shares of RADIANT CASH MANAGEMENT SERVICES LIMITED will open for subscription on December 23, 2022 and closes on December 27, 2022. It is expected to list on the stock exchanges on January 04, 2023. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2005, the company (“Radiant”) 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 March 31, 2022. They cater to broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organized retail, and e-commerce companies in India. Radiant operates their business across 5 verticals: (i) Cash pick-up and delivery, (ii) Network currency management, (iii) Cash processing, (iv) Cash vans /cash in transit, (v) Other value-added services.
Radiant provides services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touch points serving more than 5,388 locations as of July 31, 2022. As of July 31, 2022, they had a fleet of 739 specially fabricated armoured vans through a combination of leased vehicles and on short term contractual basis. This allows them to service clients across the length and breadth of the nation along with the support of a team consisting of 8,780 persons, including employees and contractual workers.
Their marquee clients include some of the largest foreign, private, and public sector banks, and the end user of the services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways, and retail petroleum distribution outlets such as Axis Bank, Citibank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, SBI, Bajaj Finance, Equitas Small Finance Bank, Delhivery, among others.
Col. David Devasahayam and Dr. Renuka David
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
IPO Size | ₹ 387.94 Crore * |
---|---|
Offer Mix | Fresh Issue ₹ 60 Crore + Offer For Sell ₹ 327.94 Crore |
Price Band | ₹ 94 - ₹ 99 |
Lot Size | 150 Shares (& in multiples thereof) |
Face Value | ₹ 1 |
Application Amount | Min. ₹ 14,850 (1 lot) | Max. ₹ 1,93,050 (13 lots) [at upper price band] |
Listing on | NSE & BSE |
Registrar | Link Intime India Private Limited |
Cut-off time for UPI Mandate Confirmation | 27-December-2022 (up to 05:00 PM) |
QIB |
₹ 193.97 Crore (50% of the Issue Size) |
---|---|
NIB |
₹ 58.19 Crore (15% of the Issue Size) |
Retail |
₹ 135.78 Crore (35% of the Issue Size) |
Activity | Date |
---|---|
IPO Opens | December 23, 2022 |
IPO Closes | December 27, 2022 |
Finalization of the basis of allotment | December 30, 2022 |
Unblocking of funds / Initiation of refunds | January 02, 2023 |
Credit of equity shares to Demat accounts | January 03, 2023 |
Listing of equity shares | January 04, 2023 |
Apply online in just 5 minutes!
Apply Now Investment in securities market is subject to market risks, read all the related documents carefully before investing.Wealthstreet is one-stop solution for all your financial requirements.
© 2021 Wealthstreet Financial Services Private Limited. All Right Reserved.
Wealthstreet refers to Wealthstreet Financial Services Private Limited. Wealthstreet Financial Services Private Limited: INZ000157331 (Member of NSE, BSE and MCX). Wealthstreet Financial Services Private Limited acts in the capacity of a distributor for Mutual Funds having AMFI Registration Number – 118251.
Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing. Investment in the securities involves risks. The user is required to undergo risk profiling before investing. Guided view is indicative in nature and is based on the information provided by the user voluntarily. Each user of this information should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred here (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. Past performance is not necessarily a guide to future performance.
The information contained in this website is for general information purposes only. The information is provided by Accord Fintech Private Limited. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the timeliness, completeness, accuracy, reliability, suitability or availability with respect to the website or the information or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Wealthstreet Financial Services Private Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this website.
Content Powered by Accord Fintech Pvt. Ltd.
Broking and DP services offered by Wealthstreet Financial Services Private Limited under SEBI Registration No.: INZ000157331 (Member of NSE, BSE and MCX) and IN-DP-CDSL-361-2018 (DP with CDSL). Investor grievance resolution team, Tel: 079-66775500, Email ID: grievance@wealthstreet.in. Name of the Compliance Officer for Trading & DP – Mr. Suren Pandya, Email ID: compliance@wealthstreet.in. Corporate Office: A – 1101, Mondeal Heights, S.G.Highway, Ahmedabad – 380015.; Tel. 079-66775500.
Link to SCORES portal – https://www.scores.gov.in/scores/Welcome.html