Radiant Cash Management Services Ltd IPO (Radiant CMS IPO)

Radiant CMS IPO 2022
Upcoming Radiant CMS IPO | New Radiant CMS IPO

Radiant CMS is an integrated player of cash logistics in cash management (RCM) in India financial management services industry and is one of the major players in the RCM category in terms of network locations or touch zones offered.

Radiant CMS provides services to all 12,150 PIN in India covering all regions (except Lakshadweep) with approximately 42,420 touch points serving more than 4,700 locations. Factory tent customers include large foreign, private and public sector banks, and end-to-end service users include large e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, trains and petroleum retailers. distribution stores.

The business operates across five verticals: 
1. cash pick-up and delivery
2. network currency management (also known as cash burial in industry parlance)
3. cash processing
4. cash vans /cash in transit
5. other value added services

Integrated services and product delivery allow for business transaction in the provision of additional services, reliable service through a single point of accountability, improved route planning, faster reconciliation, and increased customer loyalty and reduced customer benefit. As a result, the company is excited to lead the EBITDA, ROCE and ROE margins among organized players in the 2020 financial services category. EBITDA marks for Fiscal 2021 stand at 22.20%, FY 2020 stands at 22.15% and FY 2019 stands at 18.4%.

Radiant CMS IPO

Competitive Strengths

  • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management.
  • Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast-growing end-user segments.
  • Diversified client base with long-standing relationship and ability to cross-sell value-added services.
  • Robust Operational Risk Management.
  • Significantly built-up technology to optimize operational profitability.
  • Steady financial growth.
  • The experienced management team and backed by a reputed institutional investor.

Company Promoters

  • Col David Devasahayam
  • Dr. Renuka David

Company Financials

Amount (in INR & Million)30 June 202131 March 202131 March 202031 March 2019
Total Assets159.57162.14157.62141.44
Total Revenue59.87224.16251.78223.13
Profit After Tax7.4432.4336.5025.02

Object Of The Issue

  • Rs.20 crores will be used for funding working capital requirements which in August 2021, the outstanding amount stood at Rs.21.42 crores for fund-based and non-fund based stood at Rs.21.42 crore and Rs.21.02 crore respectively.
  • Rs.23.92 crore will be used for buying 220 specially fabricated armoured vans. As of July 2021, it has utilised a fleet of 694 fabricated armoured vans.
Radiant CMS IPO
Object of the issue

Radiant CMS IPO Peer Comparison

S. No.Face ValueCompany NamePE
15SIS Limited19.90

Radiant CMS IPO Strengths

  • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management.
  • Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast growing end user segments.
  • Diversified client base with long standing relationship and ability to cross-sell value added services.
  • Robust Operational Risk Management.
  • Significantly built up technology to optimise operational profitability.

Radiant CMS IPO Risks

  • The business is highly dependent on the banking sector in India to generate revenues, and any changes within Indian banks that affects their utilisation of and demand for cash management services could affects the business and its operations.
  • If one or more of the key customers were to suffer a deterioration in their business, cease doing business or substantially reduce its dealings with the, the revenues could decline.
  • A decrease in the availability or use of cash as the predominant mode of payment in India could have an adverse effect on the business as cashless payments system gains traction.
  • The currency demonetisation measures had a significant impact on the cash circulation in India and there is uncertainty whether similar unanticipated measures could be adopted, hence the future remains unpredictable.
  • Given the large volumes of cash handled, the firm are exposed to various operational risks, including armed robbery, endcustomer or third-party fraud, theft or embezzlement by employees or, reporting errors, both deliberate and inadvertent, and failure to meet specific requirements under applicable service agreements for which we may incur penalty charges.

Radiant CMS IPO – Details

IPO Opening DateJuly 2022
IPO Closing DateJuly 2022
Issue TypeBook Built Issue IPO
Issue Size
Face Value₹1 per equity share
IPO Price
Market Lot
Min Order
Listing AtBSE, NSE
RegisterLink Intime India Private Limited
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer

Radiant CMS IPO – Date Schedule

IPO Open DateJuly 2022
IPO Close DateJuly 2022
Basis of Allotment DateJuly 2022
Initiation of RefundsJuly 2022
Credit of Shares to Demat AccountJuly 2022
IPO Listing DateJuly 2022

Radiant CMS IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum
Maximum

Promoter Holding

Pre Issue Share Holding62.69%
Post Issue Share Holding

Radiant CMS IPO Prospectus

Company Contact Information

Radiant Cash Management Services Limited

28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India

Tel: +91 044 4904 4904
E-mailjayabharathi@radiantcashlogistics.com
Websitewww.radiantcashservices.com

Radiant CMS IPO Registrar

Link Intime India Private Limited

C 101, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai 400 083
Maharashtra, India

Tel: +91 22 4918 6200
E-mail: radiant.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/

Radiant CMS IPO Lead Manager(s)

1. IIFL Securities Limited
2. Motilal Oswal Investment Advisors Limited
3. YES Securities (India) Limited

Radiant CMS IPO FAQs

What is Radiant CMS IPO?

Hexagon Nutrition IPO is a main-board IPO. The issue is priced at [] to [] per equity share. The IPO is to be listed on BSE & NSE.
When Radiant CMS IPO will open?

The IPO is to open on July 2022 for QIB, NII, and Retail Investors.
What is Radiant CMS IPO Investors Portion?

The investors’ portion for QIB-50%NII-15%, and Retail 35%.
How to Apply the Radiant CMS IPO?

You can apply Radiant CMS IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Radiant CMS IPO through Angle One?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Radiant CMS”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.
How to Apply the Radiant CMS IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Radiant CMS”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Radiant CMS IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Radiant CMS”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Radiant CMS IPO through IIFL?

Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Radiant CMS”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.
What is Radiant CMS IPO Size?

Radiant CMS IPO size is [] crores.
What is Radiant CMS IPO Price Band?

Radiant CMS IPO Price Band is [] to [].
What is Radiant CMS IPO Minimum and Maximum Lot Size?

The minimum bid is [] with [] amount while the maximum bid is [] with [].
What is the Radiant CMS IPO Allotment Date?

Radiant CMS IPO allotment date is [].
What is the Radiant CMS IPO Listing Date?

Radiant CMS IPO listing date is []. The IPO is to list on BSE and NSE.

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