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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%

Subscription Status

0.56xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB1.07x
Fully Subscribed (Safe)Offered: 74,41,307 sh
Nib0.69x
Steady / DevelopingOffered: 55,80,980 sh
Hnis(10l +)0.99x
Steady / DevelopingOffered: 37,20,653 sh
Hnis (2-10l)0.10x
Steady / DevelopingOffered: 18,60,327 sh
Retail0.21x
Steady / DevelopingOffered: 1,30,22,288 sh
CategoryOfferedAppliedTimes
QIB74,41,30779,34,5501.07x
Nib55,80,98038,77,2000.69x
Hnis(10l +)37,20,65336,98,8500.99x
Hnis (2-10l)18,60,3271,78,3500.1x
Retail1,30,22,28827,62,2500.21x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB78.5573.671.07x
Retail27.35128.920.21x
Hnis 2+1.7718.420.10x
Hnis 10+36.6236.830.99x
Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Radiant Cash Management Services IPO Subscription Demand

Live subscription status and bidding analysis for Radiant Cash Management Services (RADIANTCMS) IPO. The issue is subscribed 0.56x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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