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December 23, 2022 - December 27, 2022

Radiant Cash Management IPO Subscription Details

Radiant Cash Management IPO Subscription Status Live

Radiant Cash Management IPO subscribed 0.53 times. The public issue subscribed 0.21 times in the retail category, 1.01 times in QIB, and 0.66 times in the NII category by December 27, 2022 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions1.017,837,12179,34,55074.58
Non-Institutional Buyers0.665,877,84138,77,20036.45
  bNII (bids above ₹10L)0.943,918,56036,98,85034.77
  sNII (bids below ₹10L)0.091,959,2811,78,3501.68
Retail Investors0.2113,714,96328,15,95026.47
Employees[.]000
Others[.]000
Total 0.5327,429,9251,46,27,700137.50

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


Radiant Cash Management IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
December 23, 2022
0.050.000.060.04
Day 2
December 26, 2022
0.160.030.120.11
Day 3
December 27, 2022
1.010.660.210.53

Radiant Cash Management IPO Shares Offered

Radiant Cash Management IPO is a public issue of 27,429,925 equity shares. The issue offers 13,714,963 shares to retail investors, 7,837,121 shares to qualified institutional buyers, and 5,877,841 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB7,837,12173.6728.57%
NII5,877,84155.2521.43%
    bNII (bids above ₹10L)3,918,56036.8314.29%
    sNII (bids below ₹10L)1,959,28118.427.14%
Retail13,714,963128.9250.00%
Total27,429,925257.84100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Radiant Cash Management IPO Subscription FAQs

The Radiant Cash Management IPO is subscribed 0.53 by December 27, 2022.

Radiant Cash Management IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional1.01
Non Institutional0.66
Retail Individual0.21
Employee Reservations[.]
Others[.]
Total Subscription0.53

Retail category of Radiant Cash Management IPO subscribed 0.21 times as of date December 27, 2022. The public issue closes on December 27, 2022 for bidding.

An investor can apply in Radiant Cash Management IPO online via bank (using ASBA) or the broker (using UPI). The Radiant Cash Management IPO shares are offered online only.

The Radiant Cash Management IPO is subscribed 0.53 by December 27, 2022.

The Radiant Cash Management IPO allotment status is expected on or around December 30, 2022. Visit Radiant Cash Management IPO allotment status to check.

The Radiant Cash Management IPO listing date is Wednesday, January 4, 2023. The equity share of Radiant Cash Management Services Limited will list on BSE, NSE.

Visit Radiant Cash Management IPO subscription status page for real-time bidding information about Radiant Cash Management IPO.

Radiant Cash Management IPO Timetable

IPO Opens OnDecember 23, 2022
IPO Closes OnDecember 27, 2022
Finalisation of Basis of AllotmentDecember 30, 2022
Initiation of RefundsJanuary 2, 2023
Credit of Shares to Demat AccountJanuary 3, 2023
IPO Listing DateJanuary 4, 2023