
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
Overall Subscription
0.53x
Total Demand
QIB Multiplier
1.07x
Institutions & Funds
NII / HNI
0.69x
High Net-Worth
Retail (RII)
0.21x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 7,441,307 | 7,934,550 | 1.07x |
| NIB | 5,580,980 | 3,877,200 | 0.69x |
| HNIs(10L +) | 3,720,653 | 3,698,850 | 0.99x |
| HNIs (2-10L) | 1,860,327 | 178,350 | 0.10x |
| RETAIL | 13,022,288 | 2,762,250 | 0.21x |
| Total | 31,625,555 | 18,451,200 | 0.53x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 60,488 | 12,702 | 0.21x |
| HNIs (10L +) | 387 | 267 | 0.69x |
| HNIs (2-10L) | 1,852 | 1,278 | 0.69x |
| Total Applications | 62,727 | 14,247 | 0.23x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Radiant Cash Management Services Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹94 to ₹99 per equity share.
The retail lot size is 150 shares requiring a minimum application amount of ₹14,850. Expected listing price is ₹99 per equity share.
The Radiant Cash Management Services Limited IPO aggregate issue size is ₹256.64 Crores with an equity price band set at ₹94 to ₹99 per equity share. The retail lot size is 150 shares requiring a minimum capital outlay of approx. ₹14,850.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.53x (Retail: 0.21x, QIB: 1.07x, NII: 0.69x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-01-02. Investors can verify status using PAN card or application number.
Radiant Cash Management Services Limited shares are scheduled to list on NSE and BSE on 2023-01-04.