Radiant Cash Management IPO GMP, Review, Price, Allotment
Radiant Cash Management IPO Important Dates:
| Opening Date | 23 December 2022 |
| Closing Date | 27 December 2022 |
| Basis of Allotment | 30 December 2022 |
| Initiation of refunds | 02 January 2023 |
| Transfer of shares to demat accounts | 03 January 2023 |
| Listing Date | 04 January 2023 |
Radiant Cash Management Limited IPO Details
| Radiant Cash Management Limited IPO Price | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Minimum Amount for 1 lot | ₹14,850 |
| Total IPO size | ₹387.94 crore |
| Offer for Sale | 33,125,000 shares |
| Listing At | BSE, NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objective of the Issue:
- Funding working capital requirements.
- Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
- General corporate purposes.
Company Financials:
(Amount in ₹ Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 141.44 | 223.13 | 25.02 | 105.72 | 17.73 |
| 31-Mar-20 | 157.62 | 251.78 | 36.5 | 119.57 | 21.13 |
| 31-Mar-21 | 162.14 | 224.16 | 32.43 | 127.1 | 11.05 |
| 31-Mar-22 | 190.57 | 286.97 | 38.21 | 139.76 | 26.75 |
| 30-Jun-22 | 203.95 | 84.38 | 15.32 | 155.19 | 25.54 |
Company Promoters:
- Col. David Devasahayam
- Dr. Renuka David
IPO Registrar:
Phone: +91-22-4918 6270
Email: radiant.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information:
Radiant Cash Management Services Limited
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Phone: +91 044 4904 4904
Email: jayabharathi@radiantcashlogistics.com
Website: https://radiantcashservices.com/
IPO Offer Lead Manager:
- IIFL Securities Ltd
- Motilal Oswal Investment Advisors Pvt Ltd
- YES Bank Limited
Radiant Cash Management Limited IPO GMP today
| Radiant Cash Management Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹3 | – | 1% |
Radiant Cash Management Limited IPO Review:
| What our experts say about Radiant Cash Management Limited IPO | Avoid |
Radiant Cash Management Limited IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 1.01 |
| Non-Institutional Buyers | 0.66 |
| Retail Investors | 0.21 |
| Employees | – |
| Others | – |
| Total | 0.53 |
Radiant Cash Management Limited IPO Subscription Details (times):
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 23, 2022 | 0.05 | 0.00 | 0.06 | 0.04 |
| Day 2 Dec 26, 2022 | 0.16 | 0.03 | 0.12 | 0.11 |
| Day 3 Dec 27, 2022 | 1.01 | 0.66 | 0.21 | 0.53 |
Radiant Cash Management Limited IPO Allotment Status:
| Check Radiant Cash Management IPO Allotment Status | Click Here |
Radiant Cash Management Limited IPO Listing Price:
| IPO Price Band | |
| Open | |
| Low | |
| High | |
| Close |
FAQ:
When will Radiant Cash Management Limited IPO open for subscription?
Radiant Cash Management Limited IPO is set to open on 23 December 2022.
What is Radiant Cash Management Limited IPO Price Band?
Radiant Cash Management Limited IPO Price Band is ₹94 to ₹99 per share.
What is the lot size of Radiant Cash Management Limited IPO?
Lot size of Radiant Cash Management Limited IPO is 150 Shares per lot.
What is the issue size of Radiant Cash Management Limited IPO?
Radiant Cash Management Limited IPO issue size is ₹387.94 crore.
What is the last date to apply for Radiant Cash Management Limited IPO?
Last date to apply Radiant Cash Management Limited IPO is 27 December 2022.
What is the Radiant Cash Management Limited IPO Allotment Date?
Allotment Date for Radiant Cash Management Limited IPO is 30 December 2022.
What is the Radiant Cash Management Limited IPO listing date?
Listing Date for Radiant Cash Management Limited IPO is 04 January 2023.
Radiant Cash Management Limited IPO should I buy?
No, you should avoid Radiant Cash Management Limited IPO.
How to apply Radiant Cash Management Limited IPO through 5 Paisa?
- Login to your 5paisa account and select “Radiant Cash Management Limited IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
