Radiant Cash Management Services Limited IPO Closed

Apply now
Don't have a Zerodha account? Sign up

IPO date 23 Dec 2022 – 27 Dec 2022
Listing date 04 Jan 2023
Price range 94 – 99
Minimum order quantity 150
(D)RHP View

View all IPOs

Radiant Cash Management Services Limited provides logistics and cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.

The company operates across five business verticals — 1) Cash pick-up and delivery, 2) Network currency management, 3) Cash processing, 4) Cash vans/cash in transit, and 5) Other value-added services.

It is one of the largest players in the retail cash management segment in terms of network locations and touchpoints. As of July 31, 2022, the company provided services across 13,044 pin codes and 55,513 touchpoints in more than 5,388 locations across the country.

The company’s clients include some of the largest foreign, private, and public sector banks and at the end-user level, it provides services to some of the largest names in various sectors such as e-commerce companies, retail chains, NBFCs (Non-Banking Financial Companies), insurance, e-commerce logistics, railways, and retail petroleum distribution outlets.

Revenue generated by the company through various verticals;

Vertical Three months ended June 2022 (₹ crores) Year ended March 2022 (₹ crores) Year ended March 2021 (₹ crores) Year ended March 2020 (₹ crores)
Cash pick-up and delivery 58.818 191.52 131.04 164.91
Network currency management 14.868 64.402 49.596 57.502
Cash processing 4.137 13.38 7.917 8.398
Cash vans/cash in transit 4.653 12.443 10.98 13.649
Other value-added services 1.573 4.295 4.153 3.823

Financial Snapshot

Financial Year ROE ROCE Total Revenue (₹ crores) Profit After Tax (₹ crores) EBITDA (₹ crores)
March 2020 30.53 % 37.91 % 251.78 36.5 55.77
March 2021 25.52 % 33.33 % 224.16 32.43 49.76
March 2022 27.34 % 33.07 % 286.97 38.20 59.49
Three months ended June 2022 9.87% 11.40 % 84.37 15.32 21.82

IPO Schedule

Issue Period 23rd December to 27th December 2022
Finalization of Allotment 30th December 2022
Initiation of Refunds 2nd January 2023
Credit of Shares 3rd January 2023
Date of Listing 4th January 2023
Mandate end date 11th January 2023
Anchor Investors Lock-In End Date 26th January 2023

How do I apply to the Radiant Cash Management IPO?

You can apply for the Radiant Cash Management IPO using any supported UPI app by following two steps:
  • Enter your bid on Kite
  • Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Radiant Cash Management IPO?

You can check the allotment status for the Radiant Cash Management IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.