
Financial 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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹99
Band: ₹94 – ₹99
Estimated Listing Price
₹99
Upper price + GMP
Lot Size
150 shares
Min investment ₹14,850
Estimated Profit / Lot
₹0
150 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹99 |
| 30 Oct 2026 | — | 0.0% | ₹99 |
| 29 Oct 2026 | — | 0.0% | ₹99 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Radiant Cash Management Services Limited IPO is ₹0, which indicates an expected listing price of ₹99.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.