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Radiant Cash Management IPO Subscription Details (Live Status)

Radiant Cash Management IPO Details

IPO Open Dec 23, 2022
IPO Close Dec 27, 2022
IPO Price ₹94
Face Value ₹1
IPO Size ₹256.64 Cr
Listing At BSE, NSE
Lot Size 150
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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 Dec 27, 2022.

Investor CategorySubscription (times)
Qualified Institutions1.01
Non-Institutional Buyers0.66
  bNII (bids above ₹10L)0.94
  sNII (bids below ₹10L)0.09
Retail Investors0.21
Employees[.]
Others[.]
Total0.53

Radiant Cash Management IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Dec 23, 2022
0.050.000.060.04
Day 2
Dec 26, 2022
0.160.030.120.11
Day 3
Dec 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 (%)
QIB7,837,12177.5928.57%
NII5,877,84158.1921.43%
    bNII (bids above ₹10L)3,918,56038.7914.29%
    sNII (bids below ₹10L)1,959,28119.407.14%
Retail13,714,963135.7850.00%
Total27,429,925271.56100%

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 subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Radiant Cash Management IPO Subscription FAQs

The Radiant Cash Management IPO is subscribed 0.53 by Dec 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 Dec 27, 2022. The public issue closes on Dec 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 Dec 27, 2022.

The Radiant Cash Management IPO allotment status is expected on or around Dec 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 OnDec 23, 2022
IPO Closes OnDec 27, 2022
Finalisation of Basis of AllotmentDec 30, 2022
Initiation of RefundsJan 2, 2023
Credit of Shares to Demat AccountJan 3, 2023
IPO Listing DateJan 4, 2023