Radiant Cash Management Services Limited provides logistics and cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.
The company operates across five business verticals — 1) Cash pick-up and delivery, 2) Network currency management, 3) Cash processing, 4) Cash vans/cash in transit, and 5) Other value-added services.
It is one of the largest players in the retail cash management segment in terms of network locations and touchpoints. As of July 31, 2022, the company provided services across 13,044 pin codes and 55,513 touchpoints in more than 5,388 locations across the country.
The company’s clients include some of the largest foreign, private, and public sector banks and at the end-user level, it provides services to some of the largest names in various sectors such as e-commerce companies, retail chains, NBFCs (Non-Banking Financial Companies), insurance, e-commerce logistics, railways, and retail petroleum distribution outlets.
Revenue generated by the company through various verticals;
| Vertical | Three months ended June 2022 (₹ crores) | Year ended March 2022 (₹ crores) | Year ended March 2021 (₹ crores) | Year ended March 2020 (₹ crores) |
|---|---|---|---|---|
| Cash pick-up and delivery | 58.818 | 191.52 | 131.04 | 164.91 |
| Network currency management | 14.868 | 64.402 | 49.596 | 57.502 |
| Cash processing | 4.137 | 13.38 | 7.917 | 8.398 |
| Cash vans/cash in transit | 4.653 | 12.443 | 10.98 | 13.649 |
| ATM | - | - | - | - |
| Other value-added services | 1.573 | 4.295 | 4.153 | 3.823 |
Financial Snapshot
| Financial Year | ROE | ROCE | Total Revenue (₹ crores) | Profit After Tax (₹ crores) | EBITDA (₹ crores) |
|---|---|---|---|---|---|
| March 2020 | 30.53% | 37.91% | 251.78 | 36.5 | 55.77 |
| March 2021 | 25.52% | 33.33% | 224.16 | 32.43 | 49.76 |
| March 2022 | 27.34% | 33.07% | 286.97 | 38.20 | 59.49 |
| Three months ended June 2022 | 9.87% | 11.40% | 84.37 | 15.32 | 21.82 |
For more information, you can read the IPO Prospectus filed by the company;
| Issue Period | 23rd December - 27th December 2022 |
|---|---|
| Price Band | ₹ 94 - 99 |
| Minimum Bid Quantity | 150 and multiples thereof |
| Face Value | ₹ 1 |
| Number of Shares | 39,185,606 shares |
| Issue size | ₹ 387.94 Cr |
| Date of Allotment | 30th December, 2022 |
| Initiation of Refund | 2nd January, 2023 |
| Credit of shares | 3rd January, 2023 |
| Date of Listing | 4th January, 2022 |
| Mandate end date | 11th January, 2023 |
| Anchor Investors Lock-in End Date | 26th January, 2023 |
How do I apply to the Radiant Cash Management IPO?
You can apply for the Radiant Cash Management IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Radiant Cash Management IPO?
You can check the allotment status for the Radiant Cash Management IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.