Radiant Cash Management Services IPO consists of fresh IPOs worth Rs 60 crore and an offer for sale of Rs 327.94 crore equities from existing shareholders. The company is an integrated cash logistics business with a leading position in the domain.
Click here to Apply for Radiant Cash Management Services IPO.
Listing At NSE, BSE
| Opening Date | Closing Date |
| Dec 23, 2022 | Dec 27, 2022 |
| Price Band | Issue Size |
| ₹94 – ₹99 per equity share | ₹387.94 crore |
| Face Value | Market Lot |
| ₹1 per equity share | 150 Shares |
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Radiant Cash Management IPO Important Dates
| IPO Open Date | December 23, 2022 |
|---|---|
| IPO Close Date | December 27, 2022 |
| Allotment Date | December 30, 2022 |
| Initiation Of Refunds | January 2, 2022 |
| Credit Of Shares To Demat Account | January 3, 2022 |
| IPO Listing Date | January 4, 2022 |
| UPI Mandate Expiry Date | December 27, 2022 |
About Radiant Cash Management Services
Radiant Cash Management Services Limited was Incorporated in 2005. The company is one of the most significant market leaders in the retail cash management segment. The company is one of the largest players in the RCM segment regarding network locations, or touch points served as of March 31, 2022.
The company offers a range of services under this segment consisting of collecting and delivering cash on behalf of our clients from the end user. They provide integrated cash logistics in over 12,150 pin codes. They have one of the highest EBITDA margins among peers in the organized cash management service segment.
The company caters to several marquee clients, including some of the largest foreign and Indian private and public sector banks, large e-commerce companies, retail chains, insurance companies, e-commerce logistic businesses, railways, and many more.
The company’s management is supported by a qualified and motivated pool of about 2,012 employees (as of July 31, 2022).
Radiant Cash Management Services IPO Objectives
The following are the top reasons to apply for the IPO:
- They are a leading player in the organized cash logistics segment.
- The company has a strong distribution network and presence in tier-II and III cities.
- Steady financial and performance growth.
- General corporate purposes.
- Funding of capital expenditure requirements for the purchase of specially fabricated armored vans.
Financial Highlights
| Particulars | FY21 (₹ in million) | FY20 (₹ in million) | FY19 (₹ in million) |
| Revenue From Operation | 345.01 | 236.49 | 149.67 |
| EBITDA | 497.62 | 557.70 | 411.98 |
| EBITDA Margin (%) | 22.20 | 22.15 | 18.46 |
| Profit After Tax | 324.33 | 365.03 | 250.17 |
| EPS | 3.20 | 3.60 | 2.47 |
| ROE | 25.52 | 30.53 | 23.66 |
Radiant Cash Management IPO Lot Size
The Radiant Cash Management IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193,050).
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹193050 |
| S-HNI (Min) | 14 | 2100 | ₹207900 |
| B-HNI (Min) | 68 | 10200 | ₹1009800 |
Radiant Cash Management IPO Promoter Holding
| Pre Issue Share Holding | 66.39% |
| Post Issue Share Holding | 53.21% |
How To Apply For Radiant Cash Management IPO
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Radiant Cash Management Services Noteworthy Highlights:
- The company boasts a diversified client base, including several marquee clients from diversified sectors.
- Significantly buildup technology to emphasise operational profitability.
- Long-standing relationships with clients through cross-selling and value-added services.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| The company caters to a broad set of outsourcing services about cash management for its diversified client base. | Any adverse development in the banking industry can impact the company’s future cash flow. |
| Their integrated cash management services are supported by customised technology and control processes creating cross-selling opportunities for the company. | Not being able to diversify their client base may hurt future profitability. |
| The company is a leader in integrated cash management in the country, occupied mainly by unorganised smaller businesses. | Gradually decreasing the use of hard cash remains a concern for the company’s cash management business. |
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