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Radiant Cash Management Services Ltd.

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

₹ 96.45

Current Return

2.61%

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 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 195.35 220.92 248.28 221.67 286.04
Total Expenditure 160.73 168.04 182.36 160.05 208.79
Operating Profit 34.61 52.88 65.92 61.62 77.25
Other Income 1.87 2.21 3.5 2.49 0.94
Interest 24.47 16.11 16.75 16.33 22.37
Depreciation 3.33 2.5 2.41 2.74 3.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 8.68 36.47 50.26 45.04 52.06
Provision for Tax 3.43 11.46 13.75 12.61 13.85
Net Profit 5.26 25.02 36.5 32.43 38.21
Adjusted EPS (Rs.) 0.06 0.27 0.36 0.37 0.38

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 1.19 1.28 1.28 1.19 10.13
Total Reserves 55.01 104.44 118.3 125.91 129.64
Borrowings 0 0 1.64 1.46 1.26
Other N/C liabilities -0.14 -2.3 -3.07 1.76 0.8
Current liabilities 295.31 35.66 36.4 31.83 48.75
Total Liabilities 351.37 139.08 154.54 162.14 190.57
Assets
Net Block 8.14 5.37 8.2 11.05 14.09
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 33.2 28.24 0 0
Loans & Advances 8.12 2.37 2.64 2.75 2.06
Other N/C Assets 0 4.27 0.72 4.12 5.16
Current Assets 335.11 93.87 114.74 144.23 169.27
Total Assets 351.37 139.08 154.54 162.14 190.57
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022
Other Income 0.39
Profit Before Tax 22.42
Tax 5.4
Profit After Tax 17.03
Adjusted EPS (Rs) 1.68

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 8.68 36.47 50.26 45.04 52.06
Adjustment 4.28 5.61 2.03 2.9 6.18
Changes in Assets & Liabilities 87.96 -20.23 6.25 -12.11 -11.32
Tax Paid -3.71 -7.89 -18.41 -8.2 -15.83
Operating Cash Flow 97.22 13.97 40.13 27.64 31.08
Investing Cash Flow 0.02 -24.31 5.77 25.65 -2.34
Financing Cash Flow -13.73 19.91 -21.95 -37.44 -12.31
Net Cash Flow 83.51 9.57 23.94 15.85 16.43
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