Radiant Cash IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Radiant Cash

CMP

88.75

-1.00 (-1.11%)

  • DRHP
₹94

Offer Price

₹ 256.64 Cr

Issue Size

₹ 14,100

Min Investment

0.53x

Times Subscribed

150

Lot size

Time Line

  • 23
    Dec 2022
    Open
  • 27
    Dec 2022
    Close
  • 30
    Dec 2022
    Finalisation of Basis of Allotment
  • 02
    Jan 2023
    Initiation of Refunds
  • 03
    Jan 2023
    Transfer of Shares to Demat Account
  • 04
    Jan 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Day 3
27 Dec 2022
0.53x
QIB
1.01
NIB
0.66
Retail
0.21
Employee
0.00
Day 2
26 Dec 2022
0.11x
QIB
0.16
NIB
0.03
Retail
0.12
Employee
0.00
Day 1
23 Dec 2022
0.04x
QIB
0.05
NIB
0.00
Retail
0.06
Employee
0.00

Objects of the Offer

  • Capitalize on strong growth of key end-user sectors

  • Improve the share of Value-Added-Services in its revenue mix

  • Target direct end-users to improve profitability through increasing route density

  • Increase market share from unorganized players in Cash Van Operations

Strengths

  • 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 optimise operational profitability

More

Company Promoters

Promoters Holding

Issue For IPO
66.39%
Pre Holding

66.39%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2020 Mar-2021 Mar-2022 3-Yr trend
Revenue 248.28 (12.40%) 221.67 (-10.70%) 286.04 (29.00%)
Gross Profit 52.67 (35.20%) 47.78 (-9.30%) 55.82 (16.80%)
Net Income 36.50 (45.90%) 32.43 (-11.20%) 38.21 (17.80%)
Assets 140.77 (13.90%) 141.09 (0.20%) 168.51 (19.40%)
Liabilities 21.19 (18.70%) 14.15 (-33.20%) 28.74 (103.10%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Radiant Cash Management Services Ltd 286.04 38.21 168.51 28.74 27.34 0.00 13.80 7.61 0.17
SIS Ltd 10,059.08 325.07 5,096.26 5,096.26 15.69 21.87 141.08 6.37 0.64
CMS Info Systems Ltd 1,589.67 224.04 1,855.70 1,855.70 17.83 14.33 82.02 12.07 0.00

Book Running Managers

  • Motilal Oswal Investment Advisors Ltd
  • Yes Securities (India) Ltd
  • IIFL Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

28 Vijayaraghava Road,
T Nagar,
Chennai - 600017
Phone : 91-44-49044904 Email : jayabharathi@radiancashlogistics.com www.radiantcashservices.com

Offer Related Information

Initial public offer of 26,676,977* equity shares of face value of Re. 1 each ("Equity Shares") of Radiant Cash Management Services Limited for cash at a price of Rs. 94*^ per equity share (including a share premium of Rs. 93*^ per equity share) ("Offer Price") aggregating to Rs. 256.64* crores ("Offer") comprising a fresh issue of 5,454,546* equity shares aggregating to approximately Rs. 54.00* crores by the company (the "Fresh Issue") and an offer for sale of 21,222,431* equity shares... More

News

  • 28 Dec 2022, 12:55 PM

    Radiant CMS IPO subscribed 53% on last day

  • 27 Dec 2022, 17:41 PM

    Radiant Cash Management Services IPO subscribed 52%

  • 26 Dec 2022, 17:12 PM

    Radiant Cash Management Services IPO subscribed 11%

  • 23 Dec 2022, 17:19 PM

    Radiant Cash Management Services IPO subscribed 4%

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