Radiant Cash Management Services Limited IPO Message Board (Page 3)

Nothing radiant about this IPO 😅😅

"Bade Be Aabaru Hoke Tere Kunche Se Hum Nikle".
One of the worst subscription figures. The company could not manage the QIB front. Surprising. Let's see what happens. Either the dates are extended with revised price band or withdraw the IPO. However the retailers have also taught them a good lesson. However the pricing by promoters, led them down.

For those QIB people who are afraid of losing money in IPO, I give them the address of a temple in Gujarat for free meals, then their money will also be saved there. And they will be safe and secure with money.(जिन क्यूआईबी वालों को आईपीओ में पैसा डूबने का डर सता रहा है, उनके लिए मैं गुजरात के मंदिर का पता देता हु । वहा फ़्री में खाना देते है। तो वहां भी उनके पैसे बच जाएंगे। और वे पैसे से और रिस्क से सुरक्षित रहेंगे।😀

Company think they will manage QIB by rewarding them diff.ways as they also have public money and retail will trap by follow their subscription figures.Time has come to think many times to subscribe these highly priced ipo and show them retail is not fool to subscribe this ipo on 17+ PE whem his competitor is quoting at 16+PE.

This company's business has no moat or uniqueness for a scarcity premium to be demanded. When large and better peer CMS is available at much lower valuation in the market, why the promotors and lead managers are asking for a hefty premium for the share? It is time to tell them that investors cannot be taken for granted at all the times. When all the recent main board IPOs are languishing at much lower level after listing, there is no harm in avoiding this one and save one's precious capital.
I am avoiding this IPO.
PS. This is my humble opinion only. Do your own analysis and take decision accordingly.

Totally agree, most of the OFS's nowdays demand more than 5X returns on their money invested just 2-3 years ago. Time to ignore all OFS heavy IPO's.

Only option i see now is to reduce price band. Otherwise QIB will have to take whole Hni and almost whole retail quota.

वख्त बदल गया है। अब हम सब लोग लिस्टिंग गेइन की नही पर लिस्टिंग के बाद लेने की बात करेगे।hari om

Clear avoid.show the power of retail to promoters so that they think twice to come with too much high price ipo.

As our wise members said that companies should be made mandatory to come out with FV of Rs 10, so that price discovery is more clear & transparent. Companies use tools of split and hefty bonus to decrease their acquisition value and can charge heftily from investors. This one though subscribed only 11% will sail through (may be price reduction, kickbacks to qib n increase subscription date ) .Nexus works. Why Qib come in end time to save the issue. Qib are not for charity but they have deal. Dirt is everywhere.

@Lokes @Noorul I am holding DCX Systems and Vital, same like you till I know.
It has corrected around 25%-30% from listing price, do you guys have any insight on it ?
I think there might be some fishy news, as both issues looked good, there is also positive news regarding defense sector and for vital most of the alike subscribed IPOs are more then double then issue price but vital looks too bad in terms of its current price, subscription was also good, can't understand the reason behind this, what's your understanding behind this corrections for both DCX and Vital ?

Very greedy promoters. FV 1 share at 99. What is there in the company that charging this hefty premium. Only 60 cr. fresh equity. Every one praises his own child. All other OFS and run away with the funds of investors. I hope that if they want to list the company at BSE and NSE they will scrap OFS and retain only fresh equity. The only way to get through, I think so. I may wrong also.
Very bad subscription till now. It was and is BIG AVOID for me. Take your own decision.

Its a clear avoid and I will reiterate that I would rather buy CMS if I have to invest more in this sector. As DD sir has mentioned, If we annualize FY23 earnings and attribute it to fully diluted post-IPO paid-up equity capital, then the asking price is at a P/E of around 17.34 and CMS is trading at a PE of 18.5.

Of course, the asking P/E ratio of 17.34 is post the super jump in Q1 results. Sustaining that itself would be a challenge

Correction, CMS Info's PE at current prices is 16.43

Avoiding all main board ipos presently as no attraction left from point of view of listing gains. Will wait for HNIs to come back.

Himmat ki daad deni padegi is managment ki....
Bringing an issue much costlier than existing peers that are the selves struggling.... At a time market is volatile and most of recent Mainboard trading below or at issue price that includes pretty decent companies.
Hiding big OFS behind a mini fresh issue...
Don't understand why it has got even these many applications.....
Moreover fed up of this FV 1 or 2 issues. They tend to hide the real price.
SEBI should make it compulsory to come with a FV of 10 for all IPOs. They can later on split the shares after listing....
I am skipping completely... Am no expert so not recommending anything.... Do your own analysis or listen to experts....

This is a clear cut avoid company. There is nothing in the company to demand such a steep valuation

Completely agree

Isko bhi bolna padega like jaane bhi do yaaro.

CMS Info is quoting at PB 3.14 and PE 16.67. Comparative figures for Radiant
are PB 4.94 and PE 27.81. A clear AVOID

The volatile market aside, I don't see any enterprising factor in Radiant Cash Management or its industry. This is a small issue with 85% OFS, coming at a higher valuation than peers and not inspiring any confidence in the grey market (zero GMP). Having avoided burning my fingers in AGS Transact (Jan 2022) that is languishing as a potential penny stock (CMP 60) whose IPO price was 175, I will be shunning Radiant Cash IPO. Thanks.

@Crow, yes I want to highlight the AGS IPO in which investors lost most of their capital. Due to this fact, Radiant promotors cleverly avoided AGS as a peer to fool the investors. Besides the issue price is too high and not worth for applying. I am skipping this IPO.

Any grey now?

Well if grey exists then it will be good to make money by selling in advance.
Most likely you will get minimum allotment of 2 lakh rupee worth in bHNI quota.

Skipping again OFS and this one Overvalued too..

OFS again huge
avoid 100%