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Open
23 Dec 2022
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Close
27 Dec 2022
3
Allotment
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Listing
Wed, Jan 4, 2023
Price Band
₹94 to ₹99
Issue Size
2,66,76,977 shares (agg. up to ₹257 Cr)
Lot Size
150 Shares
Listing Date
Wed, Jan 4, 2023
Latest GMP
₹6
Est. Gain
6.06%
✦ AI Insight
GMP Trend
04-01-2023₹6Est. ₹105+6.06%
03-01-2023₹6Est. ₹105+6.06%
02-01-2023₹7Est. ₹106+7.07%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.10x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|---|
| Assets | 203.95 | 190.57 | 162.14 | 157.62 | 141.44 |
| Total Income | 84.38 | 286.97 | 224.16 | 251.78 | 223.13 |
| Profit After Tax | 15.32 | 38.21 | 32.43 | 36.50 | 25.02 |
| NET Worth | 155.19 | 139.76 | 127.10 | 119.57 | 105.72 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 25.54 | 26.75 | 11.05 | 21.13 | 17.73 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Droneacharya Aerial Innovations Ltd. | SME | ₹33.97 Cr | ₹54 | 45 | ₹107.10 | +98.33% | ₹38.50 (+0.81%) |
| Integrated Personnel Services Ltd. | SME | ₹12.74 Cr | ₹59 | 12.77 | ₹69.80 | +18.31% | ₹230.00 (-6.12%) |
| Silicon Rental Solutions Ltd. | SME | ₹21.15 Cr | ₹78 | 10.73 | ₹84.00 | +7.69% | ₹81.00 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements; | 20.00 |
| 2 | Funding of capital expenditure requirements for purchase of specially fabricated armoured vans; and | 25.48 |
| 3 | General corporate purposes. | 3.77 |
About Radiant Cash Management IPO
Incorporated in 2005, Radiant Cash Management Services Limited is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user. The company's management is supported by a qualified and motivated pool of about 2,012 employees (as of July 31, 2022). The main objects of the Company are: To carry on the business of providing to Banks, Individuals, Commercial and Government Establishments, Cash/Cheques/DDs Pickup and Delivery Services, Cash Processing such as sorting for good and soiled currencies, notes, coins of various denominations, Overnight vaulting services for bulk cash and ATM cards, Cassettes & important documents, ATM Services, Handling of PIN mailers/drafts/cheque book delivery, Providing strong rooms installed as per RBI guidelines. To carry on the business of management of electronic online and mobile financial and cash transactions and product management and development of intellectual property in the area of cash management. To carry on any busi
Contact Details
Radiant Cash Management Services Ltd. Address28, Vijayaraghava RoadT.NagarChennai, Tamil Nadu, 600017+91 044 4904 4904jayabharathi@radiantcashlogistics.comVisit Website