The Radiant Cash Management IPO Subscription Status has started 23 December 2022 and it is also being subscribed by QIB and NII & RII. let you know that the Radiant Cash Management IPO has opened on 23 December 2022 and closes on 27 December 2022. Which will be subscribed by 27 December 2022. Radiant Cash Management IPO is preparing to raise ₹387.94 Cr funds through its Fresh Issue and Offer For Sale, in which Fresh Issue of ₹60.00 Crores and Offer Sale of ₹327.94 Crores. and Radiant Cash Management IPO Price Band is Fixed ₹94 to ₹99 per share. Check Radiant Cash Management IPO GMP Here.
Radiant Cash Management Services Limited is the market leader in retail cash management (“RCM”) segment of the cash management services industry in India and are one of the largest players in the RCM segment in terms of network locations or touch points served asof March 31, 2022. The company provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touch points serving more than 5,388 locations as of July31, 2022.
Radiant Cash Management IPO reserved shares in this IPO, 50% for QIB and 15% for NII, and 35% for the retail category have been reserved. To know the Radiant Cash Management IPO Subscription Status, you can see the below-day Subscription.
Radiant Cash Management IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹38.21 Cr (March 2022) |
| Issue Price : | ₹99/ EQ (Cut Off) |
| EPS 2022 : | ₹3.77 (March 2022) |
| PE Ratio : | 26.25 (PE Approx) |
| RoNW : | 27.34% (March 2022) |
| NAV Value : | ₹13.80(March 2022) |
| Total Assets : | ₹203.95 Cr (Jun 2022) |
| Market Cap : | ₹1062.41 Cr Approx |
| Promoter Holding : | 66.39% Pre Issue 53.21% Post Issue |
| Team Review : | ● The leading player an integrated retail cash management logistics services. ● The PE ratio of the company is very Attractive. ● The company financial performance consistently stable growth.year. ● The company promoter stake will decrease lower side but will hold 53.21% stake after issue which is good. ✔ Apply For Long Term |
Radiant Cash Management IPO Subscription Status {Live Update} :
The total Radiant Cash Management IPO Subscription Status subscribed 0.53x times so far, with QIB subscribed 1.01x and NII subscribed 0.66x times & RII 0.21x times and EMP 0.0x times on Day 3. {Update Time : 27 Dec 2022 07:00 Pm}
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.05x | 0.16x | 1.01x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 0.0x ______ 0.00x 0.01x | 0.03x ______ 0.02x 0.04x | 0.66x ______ 0.94x 0.09x |
| RII : | 0.06x | 0.12x | 0.21x |
| EMP : | 0.0x | 0.0x | 0.0x |
| Total : | 0.04x | 0.11x | 0.53x |
Radiant Cash Management IPO Net Shares Offered:
Radiant Cash Management IPO is a public issue of 27,429,925 equity shares. The issue offers 78,37,121 shares to qualified institutional buyers, 58,77,841 shares to non-institutional investors, and 13,714,963 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| QIB : | 78,37,121 | 77.59 Cr |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 58,77,841 ______________ 39,18,560 19,59,281 | 58.19 Cr _______ 38.79 Cr 19.40 Cr |
| RII : | 13,714,963 | 135.78 Cr |
| Total : | 27,429,925 | 271.56 Cr |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Radiant Cash Management IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 23 December 2022 |
| IPO Close : | 27 December 2022 |
| IPO Size : | ₹387.94. Cr {39,185,606 Shares} |
| Face Value : | ₹1. Equity Share |
| Price Band : | ₹94–₹99 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹387.94. Cr {39,185,606 Shares} |
| Fresh Issue : | ₹60.00. Cr {60,60,606 Shares} |
| Offer For Sale : | ₹327.94. Cr {33,125,000 Shares} |
Radiant Cash Management IPO Market Lot :
Radiant Cash Management IPO Minimum Market lot is 1 Lot with 150 shares with ₹14,850 Application amount. The retail investors can apply up to 1 lots with 1950 Shares or ₹193,050 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 36 | ₹14,652 |
| Retail Maximum : | 13 | 1950 | ₹193,050 |
| S-HNI Minimum : | 14 | 2100 | ₹207,900 |
| B- HNI Minimum : | 68 | 10,200 | ₹10,09,800 |
Radiant Cash Management IPO Dates :
Radiant Cash Management IPO Date is 23 December 2022 and closes on 27 December 2022. The allotment will be finalized on 30 December 2022 and the IPO may list on 04 January 2023.
| Open Date : | 23 December 2022 |
| Close Date : | 27 December 2022 |
| Allotment Date : | 30 December 2022 |
| Refund Date : | 02 January 2023 |
| Share Credit Date : | 03 January 2023 |
| Listing Date : | 04 January 2023 |
Radiant Cash Management IPO Subscription Status FAQs :
How much was the total Radiant Cash Management IPO Subscription Status?
The total Radiant Cash Management IPO Subscription Status 0.0x times Day 1.
What is the Radiant Cash Management IPO retail subscription Status?
Radiant Cash Management IPO Retail Subscription 0.0x times Day 1.
How much is the Radiant Cash Management IPO QIB subscription Status?
The Radiant Cash Management IPO QIB subscription 0.0x times Day 1.
How much did Radiant Cash Management IPO NII subscribe?
Radiant Cash Management IPO NII Subscription 0.0x times Day 1.
What is Radiant Cash Management IPO Allotment Date?
Radiant Cash Management IPO allotment date is 30 December 2022.
What is Radiant Cash Management IPO Listing Date?
Radiant Cash Management IPO listing date is 04 January 2023. The IPO to list on BSE and NSE.
How to Apply the Radiant Cash Management IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Radiant Cash Management IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Radiant Cash Management IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Radiant Cash Management IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Radiant Cash Management IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Radiant Cash Management IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Radiant Cash Management IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Radiant Cash Management IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Radiant Cash Management IPO GMP: Click Here Radiant Cash Management IPO Details: Click Here Radiant Cash Management IPO Allotment: Click Here Radiant Cash Management IPO Listing: Click Here |
All Radiant Cash Management IPO-related links are available here. If you want to know the details then click on Click Here Link.
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