Radiant cash Management IPO is all set to debut in the Indian stock exchange on 23rd December 2022 with an issue size of 287cr. Radiant Cash Management Services Limited is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.
Radiant Cash Management IPO Details
| Radiant Cash IPO Dates | 23 – 27 December 2022 |
| Radiant Cash IPO Price | INR 94 – 99 per share |
| Fresh issue | INR 60 crore |
| Offer For Sale | 3,31,25,000 shares (INR 311.38 – 327.94 crore) |
| Total IPO size | INR 371.38 – 387.94 crore |
| Minimum bid (lot size) | 150 shares (INR 14,850) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Radiant Cash Management IPO Tentative Dates
| Radiant Cash IPO Opening Date | 23 December 2022 |
| Radiant Cash IPO Closing Date | 27 December 2022 |
| Finalisation of Basis of Allotment | 30 December 2022 |
| Initiation of refunds | 2 January 2023 |
| Transfer of shares to demat accounts | 3 January 2023 |
| Radiant Cash IPO Listing Date | 4 January 2023 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Radiant Cash Management IPO Industry Overview
Political will and high-impact government programmes like the Pradhan Mantri Jan Dhan Yojana (PMJDY), Direct Benefit Transfer (DBT), and the introduction of RuPay cards, among others, are primarily to blame for the acceleration of financial inclusion in India over the past ten years. The government has 65% 75%, 35% 25% resources to reach its financial inclusion target. FY 20 FY 30 Urban GDP Contribution and Rural GDP Contribution are calculated in three steps. To begin with, it has made banking services more widely accessible by introducing “no frills” accounts for the common population. Second, it has drawn and kept individuals in the financial system through initiatives like boosting the use of RuPay cards and digital payments.
Third, through extending the reach and accessibility of financial services, the government has focused on creating the necessary infrastructure. As a result, a new generation of financial services that can be accessed through mobile devices and the internet has emerged in the nation.
Radiant Cash Management IPO Company Overview
As of March 31, 2022, the company is among the top competitors in the RCM segment in terms of network locations or touch points served. As of July 31, 2022, Radiant Cash Management Services offered services in 13,044 pin codes in India, serving all districts (apart from Lakshadweep) with around 55,513 touchpoints. Axis Bank Limited, Citibank, Deutsche Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited, and Yes Bank Limited are some of the company’s most important clients.
Radiant Cash Management IPO Objectives
The proceeds of the issue will be used to fulfil following objectives:
1. Funding working capital requirements.
2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
3. General corporate purposes.
Radiant Cash Management Financials
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.47 | 3.60 | 3.20 | 3.77 |
| PE ratio | – | – | – | 24.93 – 26.26 |
| RONW (%) | 23.66 | 30.53 | 25.52 | 27.34 |
| NAV | – | – | 12.55 | 13.80 |
| ROCE (%) | 23.66 | 37.91 | 33.33 | 33.07 |
| EBITDA (%) | 18.46 | 22.15 | 22.20 | 20.73 |
| Debt/Equity | 0.17 | 0.18 | 0.11 | 0.21 |
Radiant Cash Management IPO Strengths
- Has the ability to offer RCM services across India, with presence in tier 2 and tier 3 towns and cities
- Around 75% of its revenue came from tier 3 towns and cities in Q1FY22
- The profitability or EBITDA margin expanded to 22.1% in FY21 from 18.4% in FY19
Radiant Cash Management IPO Weaknesses
- Highly dependent on the banking sector in India to generate revenue
- Top five customers contributed 65% of the revenue in Q1FY22
- A decrease in the availability or use of cash as the predominant mode of payment
Radiant Cash Management IPO Prospectus
Radiant Cash Management Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: radiant.ipo@linkintime.co.in
Website: www.linkintime.co.in
Radiant Cash Management Contact Details
RADIANT CASH MANAGEMENT
Radiant Building, 4/3 Raju Nagar,
First Street, Okkiyam Thoraipakkam,
Old Mahabalipuram Road,
Chennai 600 096, Tamil Nadu
Phone: +91 044 4904 4904
Email: jayabharathi@radiantcashlogistics.com
Website: www.radiantcashservices.com
Radiant Cash Management IPO Lead Manager(s)
- IIFL Securities Ltd (Past IPO Performance)
- Motilal Oswal Investment Advisors Pvt Ltd (Past IPO Performance)
- YES Bank Limited (Past IPO Performance)
