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Radiant Cash Management Services Limited IPO Date, Price, Review and Details

 

Radiant Cash Management Services Limited IPO

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Radiant Cash Management Services Limited IPO
Radiant Cash Management Services was incorporated in 2005. This Company has been with an excellent and proven track record of success. They are a market leader in retail cash management, promising the highest benchmarks of service. Their key growth drivers are: - Increasing in the working-age population, Demographic trends in India. Our services under this segment consist of cash collection from the end user and deposit into our current accounts and subsequent transfer to the client’s accounts either on the same day or on the next working day. They believe that their network of more than 42,000 touch points and the wide network of bank accounts with various banks across the country they allow us to offer a unique value proposition to their clients, especially private sector & foreign banks, with the limited branch networks.

Company Promoters:
• Col. David Devasahayam
• Dr Renuka David

Objects of this Issue:
• Funding working capital requirements.
• Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
• General corporate purposes.


Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2021

As on 31 Mar 2020

As on 31 Mar 2019

Total Assets

1,621.44

1,576.23

1,414.37

Total Liabilities

350.47

380.52

357.20

Net Profit

32.43

36.5

25.02

Radiant Cash Management Services Limited IPO Promoter Holdings:

Pre-Issue Share Holding

66.39%

Post-Issue Share Holding

[.]%

Radiant Cash Management Services Limited IPO Schedule
1. Bid or Offer Opens on: 23th Dec 2022
2. Bid or Offer Closes on: 27th Dec 202
3. Finalization of BoA: 30th Dec 2022
4. Initiation of Refunds: 02nd Jan 2022
5. Credit of shares to Demat account: 3rd Jan 2022
6. Listing Date: 04th Jan 2022

Radiant Cash Management Services Limited IPO Lot Size
Market lot size of the Radiant Cash Management Services Limited IPO is 60 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

150

₹14,850

Maximum

13

1950

₹193,050

S-HNI

Minimum

14

2,100

₹207,900

B-HNI

Minimum

68

10,200

₹1,009,800

 

Company Contact Details:
Radiant Cash Management Services Limited IPO
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India

Phone: +91 044 4904 4904
Email: jayabharathi@radiantcashlogistics.com
Website: radiantcashservices.com





Frequently Asked Question

Face value of equity shares of Radiant Cash Management Services Limited IPO is ₹1.
Radiant Cash Management Services Limited IPO is going to open on Dec 23, 2022.
Market lot size of the Radiant Cash Management Services Limited IPO is 150 shares.
You will receive the allotted shares in your Demat account on Jan 03, 2022.
Radiant Cash Management Services Limited IPO will get listed on Jan 04, 2022.
Pre-issue shareholdings of Radiant Cash Management Services Limited IPO promoters are 66.39%
Post-issue shareholdings of Radiant Cash Management Services Limited IPO promoters are 53.21%
If you do not get the allotment of Radiant Cash Management shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
You can apply for an IPO from any place by using internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Radiant Cash Management Services Limited IPO by using any one of these method as per your convenience.
Link Intime India Private Ltd is the registrar of Radiant Cash Management Services Limited IPO.
Radiant Cash Management Services Limited IPO shares will get listed at BSE and NSE.
Radiant Cash Management Services Limited IPO will be closed on Dec 27, 2022.
Price of 1 share of Radiant Cash Management Services Limited IPO is ₹94 - ₹99.
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