- NEGATIVE
Annual Revenue Radiant Cash Mgmt Mar-2026 Annual Revenue is Rs 411 Cr which is growth of -0.2% YoY.
- NEGATIVE
Annual Net Profit Radiant Cash Mgmt Mar-2026 Annual Net Profit is Rs 38 Cr which is growth of -16.3% YoY.
Radiant Cash Management Services was incorporated on March 23, 2005. It is an integrated cash logistics player with a leading presence in the retail cash management (RCM) segment. The company caters to a broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organised retail and e-commerce companies.
| Bidding Dates |
|---|
| 23 Dec 2022 - 27 Dec 2022 |
| Subscription |
|---|
| 0.46x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,850 | 1 | 13 | 150 | 39.2 M | ₹94 - ₹99 | 63.49 % | ₹3,683.4 M - ₹3,879.4 M | RHP DOC |
Radiant Cash Mgmt IPO SUBSCRIPTION STATUS
27 Dec '22Total0.46x
Retail Individual Investor0.2x
HNI (NII) Investors0.39x
Qualified Institutional Buyers0.95x
Radiant Cash Mgmt IPO overall subscription rate was 0.46 times the total available shares
Radiant Cash Mgmt IPO retail subscription rate was 0.2 times in the retail segment
Radiant Cash Mgmt IPO non-institutional investor subscription rate was 0.39 times in the non-institutional investor category
Radiant Cash Mgmt IPO Qualified Institutional Bidder subscription rate was 0.95 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Dec 2022 (Day 3) | 0.2x | 0.39x | 0.95x |
26 Dec 2022 (Day 2) | 0.12x | 0.03x | 0.16x |
23 Dec 2022 (Day 1) | 0.05x | 0x | 0.05x |
Radiant Cash Mgmt FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY23 | 153.2 | 840.5 | 29.9 | 14.9 | 25.9% |
| FY22 | 382.1 | 2,860.4 | 310.8 | 250.0 | 20.7% |
| FY21 | 324.3 | 2,216.7 | 276.4 | 245.8 | 22.2% |
| FY20 | 365.0 | 2,482.8 | 408.5 | 356.6 | 22.2% |
Radiant Cash Mgmt IPO SUBSCRIPTION STATUS DETAILS
Radiant Cash Mgmt had 39.2 M shares on offer
Radiant Cash Mgmt IPO offer price was in the range ₹94 - ₹99
Radiant Cash Mgmt IPO minimum Investment was ₹14850
Radiant Cash Mgmt IPO issue size was ₹ 3,683.4 M - ₹ 3,879.4 M
Radiant Cash Mgmt had a minimum lot size of 150 Shares per application
Radiant Cash Mgmt NUMBER OF SHARES ON OFFER
Total39.2 M
Fresh Issue6.1 M
Offer for Sale33.1 M
Post Issue Promoter Holding %63.49 %
Radiant Cash Mgmt IPO IMPORTANT DATES
| Issue Open Date | 23 Dec 2022 |
| Issue close Date | 27 Dec 2022 |
| Allotment Date | 30 Dec 2022 |
| Refund Date | 02 Jan 2023 |
| Demat Account Credit Date | 03 Jan 2023 |
| Listing Date | 04 Jan 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Radiant Cash Mgmt Allotment Status | Exchange |
Radiant Cash Mgmt IPO subscription opened on 23 Dec 2022, and closed on 27 Dec 2022
IPO allotment for Radiant Cash Mgmt was finalized on Friday, 30 Dec 2022
IPO listing for Radiant Cash Mgmt was on NSE and BSE on Wednesday, 04 Jan 2023
Radiant Cash Mgmt IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 103.0 |
| Listing Close Price | 104.9 |
| Listing Gain% | 4.0% |
| Current Gain% | -65.7% |
Radiant Cash Mgmt Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Radiant Cash Management Services Ltd. | 34 | 364.4 | 14.2 | -0.4 | 0.8 | 11.6 | 6.3 | 438.4 | 1.1 | 32.3 | -30.6 | 2.4 | -34.4 |
| Crisil Ltd. | 4352.4 | 31829.1 | 35.5 | 1.8 | 7.4 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 122.5 | 19.6 |
| Central Depository Services (India) Ltd. | 1447 | 30242.3 | 59.9 | 8.9 | 24.1 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 24.2 | 6.7 |
| IIFL Finance Ltd. | 641.1 | 27375.6 | 11 | 0.1 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 58.4 | 190.5 |
| KFIN Technologies Ltd. | 950.9 | 16441.9 | 47.2 | 56.3 | 11.1 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 20.2 | 0.8 |
| National Securities Depository Ltd. | 800.7 | 16014 | 40 | 4.8 | 8.5 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 20 | 8.4 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Radiant Cash Mgmt annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Standalone
Cell Data
Actual
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*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-0.2%
2Y CAGR
2.6%
3Y CAGR
4.7%
5Y CAGR
12.9%
Net Profit Ann.
1Y CHG
-16.4%
2Y CAGR
-8.3%
3Y CAGR
-15.2%
5Y CAGR
3.3%
Operating Exp. Ann.
1Y CHG
3.1%
2Y CAGR
4.3%
3Y CAGR
9.3%
5Y CAGR
14.9%
Radiant Cash Mgmt INFORMATION ON IPO ISSUE
About Radiant Cash Mgmt
Radiant Cash Management Services was incorporated on March 23, 2005. It is an integrated cash logistics player with a leading presence in the retail cash management (RCM) segment. The company caters to a broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organised retail and e-commerce companies.
Object of the Issue
- Funding working capital requirements
- Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans
- General corporate purposes
Radiant Cash Mgmt - PROMOTERS
| Name |
|---|
| David Devasahayam |
| Renuka David |
Radiant Cash Mgmt Book Running Lead Managers
IIFL Securities Limited
rcms.ipo@iiflcap.com
Radiant Cash Mgmt Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
rcms.ipo@motilaloswal.com
YES Securities (India) Limited
rcms.ipo@ysil.in
Radiant Cash Mgmt Registrar to the Offer
Link Intime India Private Limited
radiant.ipo@linkintime.co.in
Radiant Cash Mgmt Strengths
Leading player
The company is a leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management
Strength
Pan-India presence
The company has a pan-India presence with a strong network in tier-2 and tier-3 locations, and a fast-growing end-user segment
Strength
Diversified client base
The company has a diversified client base with long-standing relationships, and the ability to cross-sell value-added service
Strength
Robust operational risk management
The company has prepared and instituted a robust risk management framework, which consists of multiple layers for human resources and technological infrastructure
Strength
Radiant Cash Mgmt Risks
Dependent on banking sector
The business is highly dependent on the banking sector to generate revenues. Any adverse development with respect to Indian banks could have an adverse effect
Risk
Dependent on use of cash
A decrease in the availability or use of cash as the predominant mode of payment in India could have an adverse effect on the business, results of operations, cash flows and financial condition
Risk
Exposed to operational risks
The business is exposed to operational risks, for which the company has incurred and expects to continue to incur risk costs and penalties
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 327.9 crore, of 33,125,000 shares. It also consists of a fresh issue of Rs 60.0 crore.
The promoters of the company are David Devasahayam and Renuka David.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 94.0 - 99.0.
The IPO application opens on Dec 23, 2022 and closes on Dec 27, 2022.
The minimum lot size for the IPO is 150. The maximum lot size for the IPO is 1950.
For all category investors, the minimum application amount for this IPO is Rs. 14,850.0, the maximum value for this IPO is Rs 193,050.0.
This IPO will be allotted on Dec 30, 2022.
The refund will be credited to your account on Jan 02, 2023.
The allotted shares will be credited to your demat on Jan 03, 2023.
Radiant Cash Management Services Ltd.’s shares listed on the stock exchanges on Jan 04, 2023.