Radiant Cash Management Services Limited
ListedMainboardFinancial Services · NSE / BSE
Incorporated in 2005, Radiant Cash Management Services Limited is a leading provider of retail cash management (RCM) services in India, catering to banks, financial institutions, and organized retail and e-commerce companies. The company’s services include cash collection and delivery, cash processing, overnight vaulting, ATM cash management, and delivery of sensitive banking materials such as PIN mailers and cheque books. Supported by a team of around 1,761 employees (as of July 31, 2021), Radiant operates across 12,150 pin codes covering nearly all Indian districts, with 42,420 touchpoints and over 4,700 service locations. Its main objectives encompass offering secure and efficient cash logistics, managing digital and mobile financial transactions, and undertaking BPO activities related to cash management. Key clients include leading banks such as HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Mahindra Bank, Citibank, and HSBC.
Price Band
₹94 – ₹99
Issue Size
₹257 Cr
Lot Size
150 shares
GMP
—
Est. Listing
₹99
at current GMP
Subscribed
0.53x
overall
Open
23 Dec 2022
Close
27 Dec 2022
Allotment
2 Jan 2023
Refund
3 Jan 2023
Demat Credit
4 Jan 2023
Listing
4 Jan 2023
Last updated 12 days ago
Official Registrar Verification
Radiant Cash Management Services Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
2 Jan 2023
Basis finalization
Refunds Initiate
3 Jan 2023
Mandate release
Demat Credit
4 Jan 2023
Shares in demat
Listing Debut
4 Jan 2023
Trading begins
How to Check Radiant Cash Management Services Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select Radiant Cash Management Services Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Radiant Cash Management Services Limited Public Issue & Market Profile
Radiant Cash Management Services Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹256.64 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2022-12-27, the basis of allotment is scheduled to be finalized on 2023-01-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.