Open Date

23 Dec 2022

27 Dec 2022


Rs. 387.94 Cr

Close Date

Lot Size

IPO Size

Listing At


Listing Date

4 Jan 2023

Price Range

₹94 to ₹99 per share

The firm is an integrated cash logistics player in retail cash management (RCM) segment of the cash management services industry in India and is one of the largest players in the RCM segment in terms of network locations or touchpoints served.

The net proceeds from the issue will be used for:  1. Funding working capital requirements. 2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans. 3. General corporate purposes.

The Radiant Cash Management IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193,050).

Radiant Cash Management is promoted by Col. David Devasahayam and Dr Renuka David

The allotment date of Radiant Cash Management IPO  is set for 30th December.

IIFL Securities Ltd, Motilal Oswal Investment Advisors Pvt Ltd, YES Bank Limited are book running lead managers to the issue.