Business Standard

Radiant Cash Management Services Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

256.64 cr

Price Range (₹)

94

Lot Size

150

Min Investment (₹)

14,100.00

Listing Exchange

MumbaiNSE

Open Date

23-Dec-2022

Close Date

27-Dec-2022

Listing Date

04-Jan-2023

Radiant Cash Management Services Ltd News

    The Shares of Radiant Cash Management Services Ltd have now been listed.

    Radiant Cash Management Services Ltd IPO Details

    Initial public offer of 26,676,977* equity shares of face value of Re. 1 each (Equity Shares) of Radiant Cash Management Services Limited for cash at a price of Rs. 94*^ per equity share (including a share premium of Rs. 93*^ per equity share) (Offer Price) aggregating to Rs. 256.64* crores (Offer) comprising a fresh issue of 5,454,546* equity shares aggregating to approximately Rs. 54.00* crores by the company (the Fresh Issue) and an offer for sale of 21,222,431* equity shares aggregating to Rs. 202.64* crores (Offer for Sale), comprising of 6,486,856 equity shares aggregating to Rs. 61.94* crores by Col David Devasahayam (the Promoter Selling Shareholder) and 14,735,575 equity shares aggregating to Rs. 140.70* crores by Ascent Capital (defined hereinafter) (the Investor Selling Shareholder and together with the promoter selling shareholder, Selling Shareholders, and such equity shares, Offered Shares). The offer constitutes25.00%* of the post-offer paid-up equity share capital of the company.*Subject to finalization of basis of allotment. The company has filed the with a fresh issue of up to Rs. 60.00 crores and an offer for sale for up to 33,125,000 equity shares. Subsequently the fresh issue has been reduced to approximately Rs. 54.00 crores and the offer for sale has been reduced to 21,222,431 equity shares.^Allotment to anchor investors was done at Rs. 99 per equity share (including a share premium of Rs. 98 per equity share)Bid can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

    Objective of issue

    Funding Working Capital Requirements. Funding of Capital Expenditure Requirements for Purchase of Specially Fabricated Armoured Vans. General Corporate Purposes.

    Radiant Cash Management Services Ltd Contact Details

    Radiant Cash Management Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - jayabharathi@radiantcashlogistics.com

    Website - www.radiantcashservices.com