IPO
Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing
Radiant Cash Management Services Ltd
Radiant Cash Management Services Ltd
Registered Office : 28 Vijayaraghava Road,T Nagar,Chennai Tamil Nadu 600017 Phone : 91-44-49044904
Fax :
Email : jayabharathi@radiantcashlogistics.com
Website : www.radiantcashservices.com
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 constitutes 25.00%* 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.
Opens On
Closes On
23-Dec-2022
27-Dec-2022
Application
Allotment
94.00
0.00
Minimum Application for shares in Nos : 150.0 Further Multiples of : 150.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
49.25
256.64
10.67
94.00
IIFL Securities Ltd
Motilal Oswal Investment Advisors Ltd
Yes Securities (India) Ltd
- Funding Working Capital Requirements
- Funding of Capital Expenditure Requirements for Purchase of Specially Fabricated Armoured Vans
- General Corporate Purposes
- David Devasahayam
- Renuka David
- BSE
- NSE
- MUFG Intime India Pvt Ltd