Integrated cash logistician Radiant Cash Management Services is set to hit the primary market with its initial public offering (IPO) valued at Rs 60 crore on Friday.
Here are 10 things you should know before making an investment decision:
1. The IPO will open for subscription on December 23, 2022 and close on December 27, 2022.
2. The company will sell its shares in the range of Rs 94-99 per share.
3. Investors can bid for a minimum of 150 shares and thereafter in multiples of 150 shares.
4. The public offering of Re1 par value per share, consisting of a new issue of up to Rs 60 crore and an offer to sell (OFS) of up to 3,31,25,000 common shares by existing shareholders.
5. Radiant’s minimum price is 94 times the par value of the shares and the maximum price is 99 times the par value of the shares.
6.
Investment Advisors and Yes Securities are the 3 Book Running Lead Managers of the IPO.
7. Radiant Cash Management Services is an integrated cash logistician with a leading presence in the 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 the network locations.
8. Radiant offers services through 13,044 PIN codes in India covering all districts (except Lakshadweep) with approximately 55,513 touch points serving more than 5,388 locations as of 31 July 2022.
9. Its main customers include some of the largest foreign banks, both private and public, and end-users of the services include some of the largest e-commerce companies, retail chains, NBFCs, insurance companies, e-commerce logisticians, railways and petroleum retail outlets.
10. In fiscal 2021, it had the second highest EBITDA margin, ROCE, and ROE among organized players in Cash Management Services segment.
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