Radiant Cash Management Services Limited IPO
Radiant Cash Management Services Limited was a mainboard IPO in the Diversified Commercial Services sector, offered at ₹94–₹99 per share to raise ₹371 crore. The issue was subscribed 0.53× overall (QIBs 1.01×, NIIs 0.66×, retail 0.21×). It listed on 4 Jan 2023 at ₹103 and closed its first day at ₹105, a listing gain of +11.6% versus the ₹94 issue price. It now trades around ₹31 (-66.7% versus the issue price).
Frequently asked questions
- How many times was the Radiant Cash Management Services Limited IPO subscribed?
- The Radiant Cash Management Services Limited IPO was subscribed 0.53× overall — 1.01× in the QIB category, 0.66× among non-institutional investors, 0.21× in retail.
- What were the Radiant Cash Management Services Limited IPO listing gains?
- Radiant Cash Management Services Limited listed on 4 Jan 2023 at ₹103, closing its first day at ₹105 — a listing gain of +11.6% versus the ₹94 issue price.
- What were the retail allotment odds for the Radiant Cash Management Services Limited IPO?
- Retail was subscribed 0.21×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 29 Dec 2022.
- What was the price band and lot size of the Radiant Cash Management Services Limited IPO?
- The price band was ₹94–₹99 per share, with a minimum lot of 150 shares (₹14,850 at the upper band).
- Who were the registrar and lead manager for the Radiant Cash Management Services Limited IPO?
- Link Intime India Private Limited was the registrar, and IIFL Securities was the book-running lead manager.