Radiant Cash Management Services IPO

Radiant Cash Management Services Ltd

₹14,100 /150 sharesMinimum Investment

Radiant Cash Management Services IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹99.00₹103.00₹4.00 (4.04%)

Radiant Cash Management Services IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Dec ‘22 - 27 Dec ‘22₹14,100150₹94 - ₹99
Issue SizeIPO Doc
387.94Cr
RHP PDF

Subscription Status As on 27 Dec '22, 6:00 PM

  • Qualified Institutional Buyers
    1.01x
  • Non-Institutional Investor
    0.66x
  • Retail Individual Investor
    0.20x
  • Total
    0.53x

About Radiant Cash Management Services

Radiant Cash Management Services is an integrated cash logistics player with a leading presence in the retail cash management (RCM) segment of the cash management services industry in India and one of the largest players in the RCM segment in terms of network locations or touch points served. Its marquee clients include some of the largest foreign, private and public sector banks, and the end user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways, and retail petroleum distribution outlets. It operates its business across five verticals, namely: Cash pick-up and delivery, network currency management, cash processing, cash vans /cash in transit; and other value-added services. ;
Parent Organisation
Radiant Cash Management Services Ltd
Founded
2005
Managing Director
Col David Devasahayam
IPO Review: Radiant Cash Management Services Limited | Should you apply? | CA Aleena Rais

Strengths & Risks

  • Here are some strengths of Radiant Cash Management Services Limited:
  • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management
  • Pan-India presence with a strong network in Tier 2 and Tier 3+ locations and fast-growing end-user segments
  • Diversified client base with long-standing relationships and ability to cross-sell value-added services
  • A robust risk management framework, which consists of multiple layers, including for its human resources as well as for its technological infrastructure
  • Significantly built up technology to optimize operational profitability
  • A track record of strong financial performance and delivering returns to shareholders
  • An experienced management team and backed by a reputed institutional investor
  • Here are some risk factors associated with Radiant Cash Management Services Limited:
  • Any adverse development with respect to Indian banks that affects their utilization of and demand for cash management services
  • Dependence on a limited number of customers for a substantial portion of its revenue
  • A decrease in the availability or use of cash as the predominant mode of payment in India
  • Costs and penalties associated with operational risks
  • Any material increase in any of the expenses in relation to employee benefits
  • Any failure of its information technology systems
  • Exposure to seasonal fluctuations in the industries in which the end-users operate

Financials

*All values are in Rs. Cr
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