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RADIANTCMSEQ / NSE, BSEListed
Radiant Cash Management Services

Incorporated in 2005, Radiant Cash Management Services Limited is a leading provider of retail cash management (RCM) services in India, catering to banks, financial institutions, and organized retail and e-commerce companies. The company’s services include cash collection and delivery, cash processing, overnight vaulting, ATM cash management, and delivery of sensitive banking materials such as PIN mailers and cheque books. Supported by a team of around 1,761 employees (as of July 31, 2021), Radiant operates across 12,150 pin codes covering nearly all Indian districts, with 42,420 touchpoints and over 4,700 service locations. Its main objectives encompass offering secure and efficient cash logistics, managing digital and mobile financial transactions, and undertaking BPO activities related to cash management. Key clients include leading banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Mahindra Bank, Citibank, and HSBC.

₹94 - ₹990.56x sub
Listed Price₹103.00
Listing Gain+4.04%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Dec 2022
Close27 Dec 2022
Allotment02 Jan 2023
Listing04 Jan 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail93,36,942 shares
35%
Nii(hni)40,01,547 shares
15%
QIB1,33,38,488 shares
50%

Minimum Application Lots

Retail1 Lot (150 shares)
₹14,100
sHNI15 Lots (2,250 shares)
₹2,11,500
bHNI71 Lots (10,650 shares)
₹10,01,100

Company Promoters

Col. David DevasahayamDr Renuka David

Company Background

Incorporated in 2005, Radiant Cash Management Services Limited is a leading provider of retail cash management (RCM) services in India, catering to banks, financial institutions, and organized retail and e-commerce companies. The company’s services include cash collection and delivery, cash processing, overnight vaulting, ATM cash management, and delivery of...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2019)₹223.13 Cr
Growth+164.4%
Revenue Trend (₹ in Crores)
0.0110.0220.0330.0Jun 2022Mar 2022Mar 2021Mar 2020Mar 2019
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2019223.1325.02141.4417.73
Mar 2020251.7836.5157.6221.13
Mar 2021224.1632.43162.1411.05
Mar 2022286.9738.21190.5726.75
Jun 202284.3815.32203.9525.54

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
000%0%17.340

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
02 Jan 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
04 Jan 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Radiant Cash Management Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Jan 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Jan 2023Trading commences on exchange

How to Check Radiant Cash Management Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Radiant Cash Management Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Radiant Cash Management Services IPO

Complete issue overview for Radiant Cash Management Services (RADIANTCMS) IPO. The issue features an equity share price band of ₹94 – ₹99 per share with a minimum retail lot size of 150 Shares (minimum application amount of ₹14,850). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions