About Radiant Cash Management Services IPOCash is still the king in India. From your local kirana store to malls, cash remains crucial for India’s business ecosystem. In fact, the cash in circulation has almost increased three folds between FY11 and FY21. And players like Radiant Cash Management Services play an important role in facilitating the movement of cash. Radiant Cash Management is an integrated cash logistics player, providing services that include cash pick up, delivery and processing. It has a leading presence in the retail cash management (RCM) segment in India. It is one of the largest players in the RCM segment in terms of network locations or touch points served. The cash logistics player provides services across 12,150 pin codes in India, covering Now, this company is launching the Radiant Cash Management Services IPO. The Radiant Cash Management Services ltd IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of the IPO will be used for funding the working capital requirement and purchasing specially fabricated armoured vans. Here are the key details about the Radiant Cash Management Services IPO:
Financial snapshot
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Here’s a quick look at Radiant Cash Management Services IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Radiant Cash Management Services IPO details| Radiant Cash Management Services IPO dateThe company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The Radiant Cash Management Services IPO’s opening date – in other words, the Radiant Cash Management Services IPO launch date – will be 23 December 2022. The Radiant Cash Management Services IPO closing date is 27 December 2022. After this, investors will be updated about the allotment status on 30 December 2022. Investors, who receive allotment, can expect them to be credited in their demat account on 03 January 2023. Besides this, the Radiant Cash Management Services IPO listing date is 04 January 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Radiant Cash Management Services IPO Price BandThe Radiant Cash Management Services IPO is a book-built issue. The Radiant Cash Management Services IPO price band has been set between ₹ 94 – ₹ 99 per share. The price band is a price range within which investors can apply for the IPO. When the Radiant Cash Management Services IPO opens, interested investors will have to choose a price within the band to apply for the public issue. Also, the Radiant Cash Management Services IPO listing price will be determined on 04 January 2023. The listing price is the price at which the shares of a company make their debut on the stock exchanges. | Radiant Cash Management Services IPO Lot sizeThe Radiant Cash Management Services IPO details have been declared. Hence, the Radiant Cash Management Services IPO lot size is 150 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the Radiant Cash Management Services IPO issue size is ₹ 388 crore. |
How to pre-apply for the Radiant Cash Management Services IPO?You can pre-apply for the Radiant Cash Management Services IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Radiant Cash Management Services IPO?If you are interested in this investment opportunity but unsure how to apply for the Radiant Cash Management Services IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Radiant Cash Management Services IPO on Upstox:
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How to check the Radiant Cash Management Services IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Radiant Cash Management Services IPO allotment status:
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Open a demat account with Upstox to apply for the Radiant Cash Management Services IPOTo apply for the Radiant Cash Management Services IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Radiant Cash Management Services IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Radiant Cash Management Services IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Radiant Cash Management Services IPO means applying for this public issue before it goes live. However, pre-apply for the Radiant Cash Management Services IPO isn’t open currently.
The pre-apply for the Radiant Cash Management Services IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Radiant Cash Management Services IPO opens for a subscription.
The Radiant Cash Management Services IPO launch date is 23 December 2022. The IPO will be open for subscription till 27 December 2022.
The Radiant Cash Management lot size is 150 shares and the minimum investment required is ₹14,850.
The Radiant Cash Management Services IPO price band is ₹94-₹99 per share.
The size of the Radiant Cash Management IPO is ₹388 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 03 January 2023.
Radiant Cash Management Services shares will on NSE and BSE
Radiant Cash Management shares’ listing date is 04 January 2023.