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RADIANTCMSEQ / NSE, BSEListed

Radiant Cash Management Services Limited

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 - ₹990.53x sub
Listed Price103.00
Listing Gain+4.04%
TimelineBookbuilding IPO
Open23 Dec 2022
Close27 Dec 2022
Allotment02 Jan 2023
Listing04 Jan 2023

Quota Reservation Portions

RetailPortion: 93,36,942 shares
35%
Nii(hni)Portion: 40,01,547 shares
15%
QIBPortion: 1,33,38,488 shares
50%

Minimum Application Bracket Matrix

Retail1 lots / 150 shares
₹14,100
sHNI15 lots / 2,250 shares
₹2,11,500
bHNI71 lots / 10,650 shares
₹10,01,100

About the Company

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.

Company Promoters

Col. David DevasahayamDr Renuka David