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Radiant Cash Management Services Limited IPO (Radiant Cash Management IPO) Detail

December 23, 2022 - December 27, 2022

Radiant Cash Management IPO is a book built issue of Rs 256.64 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to Rs 54.00 crores and offer for sale of 2.12 crore shares aggregating to Rs 202.64 crores.

Radiant Cash Management IPO bidding started from December 23, 2022 and ended on December 27, 2022. The allotment for Radiant Cash Management IPO was finalized on Friday, December 30, 2022. The shares got listed on BSE, NSE on January 4, 2023.

Radiant Cash Management IPO price band is set at ₹94 to ₹99 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹14,850. The minimum lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹207,900, and for bNII, it is 68 lots (10,200 shares), amounting to ₹1,009,800.

Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited are the book running lead managers of the Radiant Cash Management IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Radiant Cash Management IPO RHP for detailed information.

Radiant Cash Management IPO Details

IPO Date December 23, 2022 to December 27, 2022
Listing Date January 4, 2023
Face Value ₹1 per share
Price Band ₹94 to ₹99 per share
Lot Size 150 Shares
Total Issue Size26,676,977 shares
(aggregating up to ₹256.64 Cr)
Fresh Issue5,454,546 shares
(aggregating up to ₹54.00 Cr)
Offer for Sale21,222,431 shares of ₹1
(aggregating up to ₹202.64 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Radiant Cash Management IPO Reservation

Radiant Cash Management IPO offers 27,429,925 shares. 7,837,121 (28.57%) to QIB, 5,877,841 (21.43%) to NII, 13,714,963 (50.00%) to RII. 91,433 RIIs will receive minimum 150 shares and 932 (sNII) and 1,865 (bNII) will receive minimum 2,100 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered7,837,121 (28.57%)NA
NII (HNI) Shares Offered5,877,841 (21.43%)
  bNII > ₹10L3,918,560 (14.29%)1,865
  sNII < ₹10L1,959,281 (7.14%)932
Retail Shares Offered13,714,963 (50.00%)91,433
Total Shares Offered27,429,925 (100%)

Radiant Cash Management IPO Timeline (Tentative Schedule)

Radiant Cash Management IPO opens on December 23, 2022, and closes on December 27, 2022.

IPO Open Date Friday, December 23, 2022
IPO Close Date Tuesday, December 27, 2022
Basis of Allotment Friday, December 30, 2022
Initiation of Refunds Monday, January 2, 2023
Credit of Shares to Demat Tuesday, January 3, 2023
Listing Date Wednesday, January 4, 2023
Cut-off time for UPI mandate confirmation 5 PM on December 27, 2022

Radiant Cash Management IPO Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 150 ₹14,850
Retail (Max) 13 1950 ₹193,050
S-HNI (Min) 14 2,100 ₹207,900
S-HNI (Max) 67 10,050 ₹994,950
B-HNI (Min) 68 10,200 ₹1,009,800
Lot Size Calculator

Radiant Cash Management IPO Promoter Holding

Col. David Devasahayam and Dr Renuka David are the company promoters.

Share Holding Pre Issue 66.39%
Share Holding Post Issue 53.21%

About Radiant Cash Management Services Limited

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.

Company Financials

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19141.44223.1325.02105.7217.73
31-Mar-20157.62251.7836.5119.5721.13
31-Mar-21162.14224.1632.43127.111.05
31-Mar-22190.57286.9738.21139.7626.75
30-Jun-22203.9584.3815.32155.1925.54
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Radiant Cash Management IPO is Rs 1062.41 Cr.

Pre IPO Post IPO
P/E (x) 17.34

Objects of the Issue (Radiant Cash Management IPO Objectives)

The net proceeds of the Fresh Issue:

1. Funding working capital requirements.

2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.

3. General corporate purposes.

Radiant Cash Management IPO Review (May apply)

[Dilip Davda]  The company enjoys a niche place in RCM Segment with a lion’s share. It sees vast opportunities in Tier-II and Tier-III cities with retailing businesses. The management is hopeful of maintaining the trends going forward as it is giving specialized cash logistics services. After demonetization, cash in circulation has increased on the pre-covid levels. Investors may park funds with a long-term perspective. Read detail review...


Radiant Cash Management IPO Subscription Status (Bidding Detail)

The Radiant Cash Management IPO is subscribed 0.53 times on December 27, 2022 7:52:00 PM. The public issue subscribed 0.21 times in the retail category, 1.01 times in the QIB category, and 0.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.01
NII0.66
    bNII (bids above ₹10L)0.94
    sNII (bids below ₹10L)0.09
Retail0.21
Total0.53

Radiant Cash Management IPO Prospectus

Radiant Cash Management IPO Rating

325
3.5
Rating:Rated 3.5 stars
Vote Here ...

Radiant Cash Management IPO Listing Details

Listing Date January 4, 2023
BSE Script Code 543732
NSE Symbol RADIANTCMS
ISIN INE855R01021
Final Issue Price ₹94 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹94.00
₹99.30
₹98.00
₹116.70
₹104.70
NSE
₹94.00
₹103.00
₹98.10
₹116.80
₹104.90

Check IPO Performance…

Radiant Cash Management Services Limited Contact Details

Radiant Cash Management Services Limited
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Phone: +91 044 4904 4904
Email: jayabharathi@radiantcashlogistics.com
Website: https://radiantcashservices.com/

Radiant Cash Management IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: radiant.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Radiant Cash Management IPO - Buy or Not

Radiant Cash Management IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 8 1 1
Members 1 1 9

Read All Reviews Post Your Review Manage Reviews

Radiant Cash Management IPO FAQs

Radiant Cash Management IPO is a main-board IPO of 26,676,977 equity shares of the face value of ₹1 aggregating up to ₹256.64 Crores. The issue is priced at ₹94 to ₹99 per share. The minimum order quantity is 150 Shares.

The IPO opens on December 23, 2022, and closes on December 27, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Radiant Cash Management IPO using UPI as a payment gateway. Zerodha customers can apply in Radiant Cash Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Radiant Cash Management IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Radiant Cash Management IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Radiant Cash Management IPO opens on December 23, 2022 and closes on December 27, 2022.

Radiant Cash Management IPO lot size is 150 Shares, and the minimum amount required is ₹14,850.

You can apply in Radiant Cash Management IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Radiant Cash Management IPO will be done on Friday, December 30, 2022, and the allotted shares will be credited to your demat account by Tuesday, January 3, 2023. Check the Radiant Cash Management IPO allotment status.

The Radiant Cash Management IPO listing date is on January 4, 2023.
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Radiant Cash Management IPO Message Board

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290 Comments

127. Gaurav DD dimer |   Link |  Bookmark |January 28, 2023 1:29:10 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Results Today, with Dividend consideration in meeting.
126. Takamichi |   Link |  Bookmark |January 5, 2023 10:48:35 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Just wanted to say 2 things
1. Inputs are not required on everything and anything.... Read more type less....
2. Don't update generic info again and again..... Like suno sabki karo apni, take your risk, apply in only good ipo etc etc.....these are as generic as it can be..... It just increases the comment numbers.....
126.1. Multibagger |   Link |  Bookmark |January 5, 2023 12:30:47 PM
Focus on increasing comment quality and not only nos.
126.2. PKRAJ |   Link |  Bookmark |January 5, 2023 4:34:10 PM
@Takamichi
You are absolutely right. There are many more posts not required which you might have felt but not mentioned and I will also not mention. Members may not like. I have to write "Suno sab ki karo mun ki" when it is required in this forum. It is just like ending a letter "Yours faithfully/sincerely.
125. Eagleye |   Link |  Bookmark |January 4, 2023 5:01:34 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 02nd January 2023)

A) DRHP Filed – SEBI Approval *Overdue*: DRHP filed >120 Days ago

1) Lava International >>> DRHP filing date 28-Sep-21
2) BVG India >>> DRHP filing date 30-Sep-21
3) Oravel Stays >>> DRHP filing date 30-Sep-21
4) EbixCash >>> DRHP filing date 10-Mar-22
5) Joyalukkas India >>> DRHP filing date 28-Mar-22
6) PayMate India >>> DRHP filing date 30-May-22
7) Innova Captab >>> DRHP filing date 29-Jun-22
8) Healthvista India >>> DRHP filing date 01-Jul-22
9) Fincare Small Finance Bank      >>> DRHP filing date 08-Aug-22
10) Avalon Technologies >>> DRHP filing date 11-Aug-22
11) Balaji Solutions >>> DRHP filing date 17-Aug-22
12) GO Digit General Insurance >>> DRHP filing date 17-Aug-22
13) Blue Jet Healthcare >>> DRHP filing date 02-Sep-22

B) DRHP Filed – SEBI Approval *Awaited*: DRHP filed <120 Days ago

14) Mankind Pharma >>> DRHP filing date 16-Sep-22
15) WAPCOS >>> DRHP filing date 26-Sep-22
16) Udayshivakumar Infra >>> DRHP filing date 28-Sep-22
17) Airox Technologies >>> DRHP filing date 30-Sep-22
18) Enviro Infra Engineers >>> DRHP filing date 30-Sep-22
19) R & B Infra Project >>> DRHP filing date 30-Sep-22
20) Lohia Corp >>> DRHP filing date 30-Sep-22
21) IndiaFirst Life Insurance Company >>> DRHP filing date 27-Oct-22
22) SBFC Finance >>> DRHP filing date 07-Nov-22
23) Tata Play >>> DRHP filing date 01-Dec-22
24) Indegene >>> DRHP filing date 16-Dec-22
25) IRM Energy >>> DRHP filing date 16-Dec-22
26) Zaggle Prepaid Ocean Services >>> DRHP filing date 21-Dec-22
27) Gandhar Oil Refinery (India) >>> DRHP filing date 23-Dec-22
28) Survival Technologies >>> DRHP filing date 30-Dec-22
29) Honasa Consumer >>> DRHP filing date 30-Dec-22
30) Rishabh Instruments >>> DRHP filing date 02-Jan-23

C) SEBI Approval *Received (<6 months ago)*:

1) IKIO Lighting >>> SEBI Approval 16-Dec-22
2) Allied Blenders and Distillers >>> SEBI Approval 16-Dec-22
3) Divgi Torqtransfer Systems >>> SEBI Approval 13-Dec-22
4) Snapdeal >>> SEBI Approval 08-Dec-22
5) Manoj Vaibhav Gems N Jewellers >>> SEBI Approval 02-Dec-22
6) Concord Biotech >>> SEBI Approval 28-Nov-22
7) Signature Global (India) >>> SEBI Approval 24-Nov-22
8) Protean eGov Technologies >>> SEBI Approval 17-Nov-22
9) Yatra Online >>> SEBI Approval 17-Nov-22
10) Balaji Speciality Chemicals >>> SEBI Approval 15-Nov-22
11) Sai Silk Kalamandir >>> SEBI Approval 07-Nov-22
12) FirstMeridian Business Services >>> SEBI Approval 28-Oct-22
13) Utkarsh Small Finance Bank >>> SEBI Approval 21-Oct-22
14) Hemani Industries >>> SEBI Approval 13-Oct-22
15) Plaza Wires >>> SEBI Approval 12-Oct-22
16) BIBA Fashions >>> SEBI Approval 11-Oct-22
17) Mitsu Chem Plast >>> SEBI Approval 11-Oct-22
18) Deltatech Gaming >>> SEBI Approval 30-Sep-22
19) Pristine Logistics and Infraprojects >>> SEBI Approval 30-Sep-22
20) Mukka Proteins >>> SEBI Approval 27-Sep-22
21) Gold Plus Glass Industry >>> SEBI Approval 23-Sep-22
22) Navi Technologies >>> SEBI Approval 05-Sep-22
23) Concord Enviro Systems >>> SEBI Approval 30-Aug-22
24) Prasol Chemicals >>> SEBI Approval 23-Aug-22
25) Vikram Solar >>> SEBI Approval 10-Aug-22
26) Yatharth Hospital & Trauma Care Services >>> SEBI Approval 02-Aug-22
27) PKH Ventures >>> SEBI Approval 22-Jul-22
28) Gujarat Polysol Chemicals >>> SEBI Approval 18-Jul-22

D) SEBI Approval *Received (>6 months ago)*:

29) HMA Agro Industries >>> SEBI Approval 07-Jul-22
30) Senco Gold >>> SEBI Approval 05-Jul-22
31) Corrtech International >>> SEBI Approval 01-Jul-22
32) India Exposition Mart >>> SEBI Approval 16-Jun-22
33) Bharat FIH >>> SEBI Approval 10-Jun-22
34) Cogent E-Services >>> SEBI Approval 23-May-22
35) Macleods Pharmaceuticals >>> SEBI Approval 20-May-22
36) TBO TEK >>> SEBI Approval 19-May-22
37) Suraj Estate Developers >>> SEBI Approval 17-May-22
38) Fedbank Financial Services >>> SEBI Approval 13-May-22
39) Aadhar Housing Finance >>> SEBI Approval 05-May-22
40) Kids Clinic India >>> SEBI Approval 04-May-22
41) TVS Supply Chain Solutions >>> SEBI Approval 04-May-22
42) Imagine Marketing >>> SEBI Approval 30-Apr-22
43) FabIndia >>> SEBI Approval 30-Apr-22
44) Capillary Technologies India >>> SEBI Approval 30-Apr-22
45) Sanathan Textiles >>> SEBI Approval 30-Apr-22
46) Asianet Satellite Communications >>> SEBI Approval 30-Apr-22
47) Maini Precision Products >>> SEBI Approval 17-Mar-22
48) Sresta Natural Bioproducts >>> SEBI Approval 15-Mar-22
49) Hexagon Nutrition >>> SEBI Approval 04-Mar-22
50) JK Files & Engineering >>> SEBI Approval 23-Feb-22
51) API Holdings >>> SEBI Approval 17-Feb-22
52) Wellness Forever Medicare >>> SEBI Approval 16-Feb-22
53) CMR Green Technologies >>> SEBI Approval 16-Feb-22
54) Capital Small Finance Bank >>> SEBI Approval 08-Feb-22
55) Jesons Industries >>> SEBI Approval 08-Feb-22

56) Waaree Energies >>> SEBI Approval 03-Jan-22
57) GPT Healthcare >>> SEBI Approval 29-Dec-21
58) Veeda Clinical Research >>> SEBI Approval 21-Dec-21
59) Sahajanand Medical Technologies >>> SEBI Approval 17-Dec-21
60) Le Travenues Technology >>> SEBI Approval 16-Dec-21
61) Keventer Agro >>> SEBI Approval 16-Dec-21
62) Emcure Pharmaceuticals >>> SEBI Approval 08-Dec-21
63) ESDS Software Solutions >>> SEBI Approval 03-Dec-21
64) Sterlite Power Transmissions >>> SEBI Approval 02-Dec-21
65) Godavari Biorefineries >>> SEBI Approval 26-Nov-21
66) VLCC Health Care >>> SEBI Approval 25-Nov-21
67) Healthium Meditech >>> SEBI Approval 24-Nov-21
68) India1 Payments >>> SEBI Approval 24-Nov-21
69) Gemini Edibles & Fats India >>> SEBI Approval 23-Nov-21
70) Puranik Builders >>> SEBI Approval 18-Nov-21
71) Inspira Enterprises India >>> SEBI Approval 01-Nov-21
125.1. NAND KISHORE PARWAL |   Link |  Bookmark |January 4, 2023 5:27:10 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Again and again same list. Try to get something new.
125.2. arunARUN |   Link |  Bookmark |January 6, 2023 8:17:50 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Why are we even mentioning following in active IPO list as their SEBI approval has expired on date of posting
56) Waaree Energies >>> SEBI Approval 03-Jan-22
57) GPT Healthcare >>> SEBI Approval 29-Dec-21
58) Veeda Clinical Research >>> SEBI Approval 21-Dec-21
59) Sahajanand Medical Technologies >>> SEBI Approval 17-Dec-21
60) Le Travenues Technology >>> SEBI Approval 16-Dec-21
61) Keventer Agro >>> SEBI Approval 16-Dec-21
62) Emcure Pharmaceuticals >>> SEBI Approval 08-Dec-21
63) ESDS Software Solutions >>> SEBI Approval 03-Dec-21
64) Sterlite Power Transmissions >>> SEBI Approval 02-Dec-21
65) Godavari Biorefineries >>> SEBI Approval 26-Nov-21
66) VLCC Health Care >>> SEBI Approval 25-Nov-21
67) Healthium Meditech >>> SEBI Approval 24-Nov-21
68) India1 Payments >>> SEBI Approval 24-Nov-21
69) Gemini Edibles & Fats India >>> SEBI Approval 23-Nov-21
70) Puranik Builders >>> SEBI Approval 18-Nov-21
71) Inspira Enterprises India >>> SEBI Approval 01-Nov-21

Factually Snapdeal has withdrawn. Oyo has been told to refile
124. Abhijeet Kumar |   Link |  Bookmark |January 4, 2023 1:22:49 PM
This is a very poor-quality company. Listed in premium only becasue of low subscription in retail and hni catergory. So QIB's who subscribed in this have played the game of listing at high rate so that they can dump it in profit to retailers when they start to buy it.
124.2. Abhijeet Kumar |   Link |  Bookmark |January 6, 2023 10:26:36 AM
@singaporeNRI your infomation is not correct. Only anchor invetsor have 30 days lockin in. Other QIBs can sell anytime.
124.3. CoolAsh |   Link |  Bookmark |January 7, 2023 6:36:40 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Ota the pricing thats the issue. The company seems ok
123. AAvi |   Link |  Bookmark |January 4, 2023 9:50:10 AM
One aspect is beyond my understanding.
This issue was not fully subscribed in retail as well as hni.
Then why some one buy it at premium after four days during which nothing substantial changes have occurred in the company..
Strange ..
123.3. AAvi |   Link |  Bookmark |January 4, 2023 10:44:38 AM
@Arca
Doesn't appear to be so. The issue was so under subscribed that one could have purchased what ever quantity needed at that time only.
@Noorul - I also thought on same line.
It's forward journey, positive or negative, will be an interesting case study.
123.4. Thiagarajan Ramasamy |   Link |  Bookmark |January 4, 2023 10:57:09 AM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
In the wonderland of Stock Market all sorts of surprise things happen at times. During the Covid times Gland Pharma IPO was undersubscribed due to its Chinese credentials. But it listed at a premium of over 40% and those who got the shares were richly rewarded . A recent example is Five Star Business Finance. At the same time look at the fate of the much hyped LIC IPO where still all Investors are stuck.
122. IPO KING MAKER |   Link |  Bookmark |January 4, 2023 9:18:43 AM
Hopefully positive mai band ho
to aane wale mainline ipo mai strength bank sakti
121. lucky boy |   Link |  Bookmark |January 4, 2023 8:51:09 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
e saala market kabhi kabhi samaj nahi aata, jo ipo poore bhare unipart jaise vo discount list ho gaye,,
and radiant poora bhara bhi nahi toah 10% gain...
vaa bhagwaan na.
Roz sach bolta hoon toh pitai; aaj pehli baar jhoot bola toh mithai
121.1. IPO KING MAKER |   Link |  Bookmark |January 4, 2023 9:10:50 AM
This Is Called Share Market Beauty.
120. PeterEngland |   Link |  Bookmark |January 4, 2023 9:10:26 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks to Radiant for breaking the chain of poor listings.
119. PKRAJ |   Link |  Bookmark |January 4, 2023 9:03:12 AM
Going to list at premium. Great. Market minus 330 points. After listing a bit up. Good for listing gains. 6% profit. Never thought of such listing. Now 10% plus. Beauty of Share Market.
118. StockTerminator |   Link |  Bookmark |January 4, 2023 8:52:25 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Good listing is proving that subscription and gmp always doesn't work
117. IPO KING MAKER |   Link |  Bookmark |January 4, 2023 8:19:47 AM
97 in preopen 🟢
116. ARJUN'S EYE |   Link |  Bookmark |January 4, 2023 8:13:56 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Today Listing Radiant Cash Management IPO
BSE Code :- 543732
NSE Symbol :- RADIANTCMS
ISIN No :- INE855R01021
Issue Price :- 94/-
Lot Size :- 150 Shares
Face Value :- 1/-
Listing At :- NSE, BSE
115. vinaytp |   Link |  Bookmark |January 2, 2023 9:20:50 PM
It can open higher also. FV is 1Rs no problem of split and all. It will be candidate for take over in few years.
115.1. Multibagger |   Link |  Bookmark |January 3, 2023 12:23:50 PM
Takeover by CMS or Quess
114. Regulagedda Ambica Prasad |   Link |  Bookmark |January 2, 2023 6:17:25 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Shares are allotted at lower end i.e 94. Silver lining in the cloud.
114.1. Regulagedda Ambica Prasad |   Link |  Bookmark |January 4, 2023 9:11:36 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Gamble worked.Surprisingly there is listing gain.
113. IPO MILNE WALA HAI😜 |   Link |  Bookmark |January 2, 2023 4:53:30 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Radiant Cash Management Services IPO

₹99 rs for anchor -Fresh and few OFS shares
₹94 rs for QIB, HNI, Retails

Issue size reduced to ₹54 Cr and 2,12,22,431 OFS shares

Final Size : ₹256.64 Cr
112. Safe Bet |   Link |  Bookmark |January 2, 2023 2:35:15 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
AB is Kaliya ka kya hoga?? 🤔🤔🤔😊😊😊
112.2. arunARUN |   Link |  Bookmark |January 3, 2023 10:25:38 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Fundamental hote to issue bik jata
112.3. I kHAN |   Link |  Bookmark |January 4, 2023 10:16:22 AM
Trading at ++20% w/o fundamentals :/
111. Multibagger |   Link |  Bookmark |January 1, 2023 4:17:59 PM
Any grey now?
110. Hrishikeh Gaikwad |   Link |  Bookmark |December 30, 2022 11:12:55 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
agar yeh preminum mein list hua to mai iske aage koi bhi IPO mein paise nai lagaunga xD
110.17. Multibagger |   Link |  Bookmark |January 5, 2023 9:14:21 AM
Noted PK Raj. Everything is in fun and jest. Let us all make money.
110.18. PKRAJ |   Link |  Bookmark |January 5, 2023 4:08:55 PM
@H GAIKWAD and @Multibagger
Thank you both very much. So happy to read posts of yours. Sometimes fun is also required and taken all so lightly. We all here to learn something with gesture and fun.
Wish you a healthy and wealthy year.
109. No trade |   Link |  Bookmark |December 29, 2022 5:03:24 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
AB ISKA KYA HOGA?
108. P Patel |   Link |  Bookmark |December 28, 2022 6:27:31 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
8 Brokers have recommended "Subscribe" but it seems it doesn't reflect into QIB or HNI subscription...

Don't know on what basis they have suggested to "Apply"?
108.2. Abhijeet Kumar |   Link |  Bookmark |December 29, 2022 9:56:04 AM
Definitely its one of the worst IPO after Paytm. They are selling 1 rs shares at 100 rs for a business that is not exciting. How can it be justified. There are many good MNC like Castrol who are great businiesses but just due to lakc for very exciting growth are trading at cheap value.

It really amazes me hwo indian investors apply in such ipos thinking they are buying a lotter ticket
108.3. P Patel |   Link |  Bookmark |December 29, 2022 10:14:51 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Liger - This is not about company financials or if its fairly valued or not.

This is all about Broker houses who gave recommendations. Based on their recommendations, may innocent retail investors may apply and get into trap. If broker houses feel this is good to apply, they should apply with full force, so at least it got fully subscribed.