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Radiant Cash

CMP

64.46

-0.95 (-1.45%)

  • 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

Products & Services

  • Radiant Cash Management Services Ltd is an integrated cash logistics player with leading presence in retail cash management ("RCM") segment.

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-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 221.67 (-10.70%) 286.04 (29.00%) 354.91 (24.10%)
Gross Profit 47.78 (-9.30%) 55.82 (16.80%) 88.77 (59.00%)
Net Income 32.43 (-11.20%) 38.21 (17.80%) 62.73 (64.20%)
Assets 141.09 (0.20%) 168.51 (19.40%) 258.68 (53.50%)
Liabilities 14.15 (-33.20%) 28.74 (103.10%) 28.75 (0.00%)

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

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

Registrar & Transfer Agent

MUFG 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@radiantcashlogistics.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%

Radiant Cash FAQ's

The shares of Radiant Cash were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Radiant Cash IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Radiant Cash public issue was 125 shares.

The price band of the IPO of Radiant Cash was Rs. 114 to Rs. 120 per equity share.

Radiant Cash IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Radiant Cash IPO.

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