Radiant Cash Management Services Ltd. IPO

The company is an integrated cash logistics player with leading presence in retail cash management (“RCM”) segment of the cash management services industry in India and is one of the largest players in the RCM segment in terms of network locations or touch points served as of July 31, 2021.

RHP
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DRHP
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Open Date

2022-12-23

Close Date

2022-12-27

IPO Details

Check out the issue details for Radiant Cash Management Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 94

Price Band

₹ 94 - 99

Issue Size

387.94 Cr.

Issue Type

Book Built

Open

2022-12-23

Close

2022-12-27

Listingprice

₹ 103

ListingGain

9.57%

Listing Date

2023-01-04

CMP

₹ 86.65

Current Return

-7.82%

Company Financials

You can get the following financial statements of Radiant Cash Management Services Ltd. as of now.

Subscription Details

The details about the Radiant Cash Management IPO is as:

  • The issue size of the IPO is 387.94 Cr.
  • The price band for Radiant Cash Management IPO is Rs 94 to Rs 99.
  • The shares of Radiant Cash Management IPO will list on 4rth January 2023.
  • The latest tentative GMP of Radiant Cash Management IPO is Rs 3.
  • The shares of Radiant Cash Management IPO is subscribed 0.53 Times as of 27th December 2022.

 

Radiant Cash Management IPO Valuation

The approx valuation of Radiant Cash Management IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 99
Existing Shares (Qty) 10.12 Cr
Fresh Issue 60 Cr
Market Cap 1061.88 Cr
EPS (FY2) Rs 3.77
PE Ratio 26.25x
Industry PE 19.71x

 

Radiant Cash Management IPO Issue Size

Radiant Cash Management IPO issue size is 387.94 Cr 

Issue Amount
Fresh Issue 60 Cr
Offer For Sale 327.94 Cr

 

Radiant Cash Management IPO Market Lot

An Individual can apply for a minimum 1 lot of 150 shares and a maximum of 13 lots of 1950 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 150 Rs 14,850
 Maximum 13 1950 Rs 1,93,050

 

Radiant Cash Management IPO share offer

The shares of Radiant Cash Management IPO is subscribed 0.53 Times as of 27th December 2022. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%

 

Allotment Details

Find below the dates for Radiant Cash Management Ltd IPO:

Schedule Date
Basis of Allotment 30 December 2022
Refunds 2 January 2023
Credit to Demat Account 3 January 2023
IPO Listing Date 4 January 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 220.92 248.28 221.67 286.04 354.91
Total Expenditure 168.04 182.36 160.05 208.79 249.73
Operating Profit 52.88 65.92 61.62 77.25 105.18
Other Income 2.21 3.5 2.49 0.94 2.58
Interest 16.11 16.75 16.33 22.37 18.99
Depreciation 2.5 2.41 2.74 3.76 4.46
Exceptional Items 0 0 0 0 0
Profit Before Tax 36.47 50.26 45.04 52.06 84.31
Provision for Tax 11.46 13.75 12.61 13.85 21.59
Net Profit 25.02 36.5 32.43 38.21 62.73
Adjusted EPS (Rs.) 0.27 0.36 0.37 0.38 0.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 1.28 1.28 1.19 10.13 10.67
Total Reserves 104.44 118.3 125.91 129.64 219.26
Borrowings 0 1.64 1.46 1.26 0.88
Other N/C liabilities -2.3 -3.07 1.76 -1.06 -1.44
Current liabilities 35.66 36.4 31.83 48.75 48.04
Total Liabilities 139.08 154.54 162.14 188.72 277.42
Assets
Net Block 5.37 8.2 11.05 14.09 13.29
Capital WIP 0 0 0 0 1.94
Intangible WIP 0 0 0 0 0
Investments 33.2 28.24 0 0 0
Loans & Advances 2.37 2.64 2.75 2.06 1.77
Other N/C Assets 4.27 0.72 4.12 3.3 7.76
Current Assets 93.87 114.74 144.23 169.27 252.66
Total Assets 139.08 154.54 162.14 188.72 277.42
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 0.39 1.68 1.72 1.95 0.89
Profit Before Tax 22.42 20.65 19.22 13.82 16.19
Tax 5.4 5.11 4.97 3.65 4.16
Profit After Tax 17.03 15.54 14.25 10.17 12.03
Adjusted EPS (Rs) 1.68 1.46 1.34 0.95 1.13

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.92 0
Dec 2023 56.92 0
Sep 2023 56.92 0
Jun 2023 56.92 0
Mar 2023 56.92 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 36.47 50.26 45.04 52.06 84.31
Adjustment 5.61 2.03 2.9 6.18 4.52
Changes in Assets & Liabilities -20.23 6.25 -12.11 -11.32 6.33
Tax Paid -7.89 -18.41 -8.2 -15.83 -20.96
Operating Cash Flow 13.97 40.13 27.64 31.08 74.21
Investing Cash Flow -24.31 5.77 25.65 -2.34 -72.85
Financing Cash Flow 19.91 -21.95 -37.44 -12.31 26.4
Net Cash Flow 9.57 23.94 15.85 16.43 27.75
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