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Incorporated in 2005, Radiant Cash Management Services Limited is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user.
The company's management is supported by a qualified and motivated pool of about 2,012 employees (as of July 31, 2022).
The main objects of the Company are:
To carry on the business of providing to Banks, Individuals, Commercial and Government Establishments, Cash/Cheques/DDs Pickup and Delivery Services, Cash Processing such as sorting for good and soiled currencies, notes, coins of various denominations, Overnight vaulting services for bulk cash and ATM cards, Cassettes & important documents, ATM Services, Handling of PIN mailers/drafts/cheque book delivery, Providing strong rooms installed as per RBI guidelines.
To carry on the business of management of electronic online and mobile financial and cash transactions and product management and development of intellectual property in the area of cash management.
To carry on any business regarding cash management under Business Process Outsourcing.
The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022.
Radiant Cash Management Services provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touchpoints serving more than 5,388 locations as of July 31, 2022.
The company's key clients are Axis Bank Limited, Citibank, Deutsche Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited and Yes Bank Limited.
Radiant Cash Management IPO Details
Radiant Cash Management IPO is a Book Built Issue. The IPO total issue size is Rs 256.64 Cr. The Radiant Cash Management IPO price is ₹94 to ₹99 per share. The IPO will list on BSE, NSE.
Radiant Cash Management IPO Reservation
Radiant Cash Management IPO a total of 27,429,925 shares are offered. QIB: 7,837,121 (28.57%), RII: 13,714,963 (50.00%), NII: 5,877,841 (21.43%).
Radiant Cash Management IPO Timetable (Tentative)
Radiant Cash Management IPO opens on Dec 23, 2022, and closes on Dec 27, 2022.
Radiant Cash Management IPO Lot Size
The minimum lot size of this Radiant Cash Management IPO is 150 shares required is ₹14,850.
Radiant Cash Management IPO Promoter Holding
Col. David Devasahayam and Dr Renuka David are the company promoters.
Company Financials
Key Performance Indicator
Radiant Cash Management IPO Market Cap is Rs 1062.41 Cr and P/E (x) is 17.34.
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