Radiant Cash Management Services Limited Incorporated in 2005, is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user.
The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022.
Radiant Cash Management Services provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touchpoints serving more than 5,388 locations as of July 31, 2022.
The company’s key clients are Axis Bank Limited, Citibank, Deutsche Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited and Yes Bank Limited.
Radiant Cash Management Services Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 23 Dec 2022 |
| IPO Close Date | 27 Dec 2022 |
| Allotment Date | 30 Dec 2022 |
| IPO Listing Date | 04 Jan 2022 |
Radiant Cash Management Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 94 to Rs. 99 Per Equity Share |
| Market Lot | 150 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 251 Crore. |
Radiant Cash Management Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 150 | Rs. 14850 |
| Maximum | 13 | 1950 | Rs. 193050 |
| Small HNI (Minimum) | 14 | 2100 | Rs. 207900 |
| Big HNI (Minimum) | 68 | 10200 | Rs. 1009800 |
Radiant Cash Management Services Limited IPO Details Allotment Status
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Click Here To Get ASBA Forms Radiant Cash Management Services Limited IPO
Company Financials:
| Particular | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Total Assets | 190.57 | 162.14 | 157.62 |
| Total Revenue | 286.97 | 224.16 | 251.78 |
| Profit After Tax | 38.21 | 32.43 | 36.5 |
Company Promoters:
Col. David Devasahayam and Dr Renuka David are the company promoters.
Purpose of the Issue
- Funding working capital requirements.
- Funding of capital expenditure requirements for the purchase of specially fabricated armored vans.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Radiant Cash Management Services Limited 28, Vijayaraghava Road, T. Nagar, Chennai 600 017, Tamil Nadu, India Phone: +91 044 4904 4904 Email: jayabharathi@radiantcashlogistics.com Website: https://radiantcashservices.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: radiant.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
