Radiant Cash Management Services Limited IPO : Company Info and Financials

Radiant Cash Management Services Limited initiated its business operations in 2005. The company has an employee pool of 2012 people. It is a market leader for providing cash management services to banks, organized retail and e-commerce companies and financial institutions in India. The company performs a range of cash management services like collecting cash on behalf of their clients from end users. It is one of the big players in the RCM segments based on its touch points for network locations. It services across 13044 pin codes. Its client list includes Axis bank, Deutsche Bank Limited, ICICI Bank Limited, Citibank, HDFC Bank Limited, SBI Bank, Standard Chartered Bank, Yes Bank and The Hongkong and Shanghai Banking Corporation Limited.

IPO DETAILS

Radiant Cash Management Services Limited IPO is set to launch on 23 Dec., 2022. The subscription timeline extends till 27 Dec., 2022. The size for the IPO is 387.94 Crore Rs.. Shares issued through Offer For Sale are worth 327.94 Crore Rs. Shares issued through Fresh Issue mode are worth Rs 60 Crore. The lot size is 150 shares and the price range is 94 Rs. – 99 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re. 1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	23 Dec., 2022
CLOSING DATE FOR IPO	27 Dec., 2022
ISSUE TYPE	Book Built Issue
Face Value per share	1 Re. per share
IPO price band	94 Rs. – 99 Rs.
LOT SIZE	150 shares
MINIMUM ORDER QUANTITY	150 shares
ISSUE SIZE	387.94 Crore Rs.
OFFER FOR SALE	327.94 Crore Rs.
FRESH ISSUE	60 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	4 Jan., 2023

IMPORTANT DATES

IPO OPENING DATE	23 Dec., 2022
CLOSING DATE FOR IPO	27 Dec., 2022
IPO ALLOTMENT DATE	30 Dec., 2022
REFUNDS	2 Jan., 2023
DEMAT A/C CREDITED ON	3 Jan., 2023
IPO LISTING DATE	4 Jan., 2023

Radiant Cash Management Services Limited IPO begins for subscription from 23 Dec., 2022. The IPO subscription would continue till 27 Dec, 2022. The allotment status for the shareholders who applied would come on 30 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 2 Jan., 2023. The DEMAT accounts of shareholders would be credited on 3 Jan., 2023. The listing of the company would be accompanied on 4 Jan., 2023.

Lead Managers

The lead managers are :

• IIFL Securities Limited
• Yes Bank Limited
• Motilal Oswal Investment Advisors Pvt. Ltd.

The minimum lot size for the company is decided at 150 shares. This holding accounts to 14850 Rs.. The maximum lot size is decided at 1950 shares. This amounts to 193050 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	150 shares	14850 Rs.
Maximum	1950 shares	193050 Rs.

OBJECTIVES FOR THE IPO

• The funds may be used for general corporate purposes.
• For Working Capital requirements.
• The funds can also be used to purchase special armored vehicles.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2021-22	2020-21	2019-20
ASSETS	191	162	157
Revenue	287	224	252
PAT	38	32	36

Radiant Cash Management Services Limited has an asset base of 191 Crore Rs in 2022. The same was 162 Crore Rs in 2021 and 157 Crore Rs in 2020. This indicates that the company is expanding at a slow pace. On the other hand during the COVID times its revenue also suffered heavily which can be seen in the revenue stream. The revenue was 252 Crore Rs in 2020 which decreased to 224 Crore Rs in 2021 and became 287 Crore Rs in 2022. The profits are in the range of 10 to 15% of their revenue. They are 38 Crore Rs for the year 2022, 32 Crore Rs for the year 2021 and 36 Crore Rs for the year 2020.

PROS

• Radiant Cash Management Services Limited is a market leader for providing cash management services to banks, organized retail and e-commerce companies and financial institutions in India.
• The company is one of the big players in the RCM segments based on its touch points for network locations.
• Radiant Cash Management Services Limited services across 13044 pin codes.
• Its client list includes Axis bank, Deutsche Bank Limited, ICICI Bank Limited, Citibank, HDFC Bank Limited, SBI Bank, Standard Chartered Bank, Yes Bank and The Hongkong and Shanghai Banking Corporation Limited.

CONS

• The company works in a highly competitive segment.

Radiant Cash Management Services Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Radiant Cash Management Services Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.