Radiant Cash Management IPO GMP Today, Review, Price Band & More

Radiant Cash Management Services Ltd IPO is open for subscription today. Curious to know the GMP today and the price? Here’s a complete review of the Radiant Cash Management IPO.

by Sahil_Jain Updated: 27 Dec, 2022, 10:06 IST
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Radiant Cash Management Services Ltd has brought its IPO and it's open for subscription from 23 December to 27 December 2022. In this article, we will talk about the Radiant Cash Management IPO GMP today and whether you should apply for this initial public offering or not. Here, we will discuss its price, some basic information about the company, and the Radiant Cash Management Services IPO subscription status (when available). As of now, the GMP of the Radiant Cash Management IPO is ₹3 and it is subscribed 0.11 times its total value.  

Radiant Cash Management IPO GMP Today, Price Band & Review

RCM services is a leading company in the Retail Cash Management segment which was founded in March 2005 by Colonel David Devasahayam. The Radiant Cash Management IPO comes with an issue size of ₹387.94 crores and the minimum investment amount is ₹14,850 with ₹1,93,050 being the upper limit. Let’s take a closer look at the Radiant Cash Management Services Ltd IPO.

Radiant Cash Management Services Ltd IPO GMP Today - 27 December

The Grey Market Premium or GMP of the Radiant Cash Management IPO is Rs 3 today, 26 December. This is a really low Grey Market Premium that suggests some negative sentiments of the investors towards this IPO. 

The Grey Market Premium is an important factor to consider before applying for an IPO as it shows how beneficial an IPO can be for you. If the GMP of an IPO is higher, it’s a really positive sign for all investors. But the same IPO may not be that appealing with a lower GMP.

Radiant Cash Management IPO Subscription Status Today - 27 December

The Radiant Cash Management IPO is subscribed 0.11 times its total value on Monday, the 26th of December. The subscription for this IPO is 0.12 times in the retail category and 0.16 times in the Qualified Institutional Buyer's category. 

Radiant Cash Management IPO Review: Price, Fresh Issue, Offer For Sale, Lot Size

The Radiant Cash Management Services Ltd IPO is not fully a fresh issue. Rather, the fresh issue is worth ₹60 crores only while the rest, i.e. ₹327.94 crores is just an Offer For Sale by the previous shareholders…sounds fishy, doesn’t it? A company’s previous shareholders offering their shares for sale is not that good of a sign and thus, many new investors would want to avoid this IPO. Here is a detailed description of the entire IPO issue of Radiant Cash Management Services Ltd:

IPO Date

23 December - 27 December

Price Band

₹94 - ₹99

Face Value (per share)

₹1

Lot Size

150 shares

Fresh Issue

₹60 crores

Offer For Sale

₹327.94 crores

Total Issue Size

₹387.94 crores

Minimum Investment Amount for Retail Investors

₹14,850

Maximum Investment Amount for Retail Investors

₹1,93,050

Listing Date (Probable)

4 January


So, you may consider whether to invest in this IPO by Radiant Cash Management Services or not with the help of the table given above. But make sure that you do not follow anyone’s advice blindly without proper research.

Objectives of IPO Issue by Radiant Cash Management Services

Here are the objectives of Radiant Cash Management Services Ltd for this IPO issue:

  • To carry on business activities like:

  1. Offering loans to Individuals, Government Establishments, and Banks.

  2. Cash processing

  3. Overnight vaulting services

  4. Cash & cheque pickup and delivery services.

  • To provide cash management services in Business outsourcing activities.

  • For carrying out general business transactions and activities.

To know more about Radiant Cash Management Services Ltd, make sure to visit their official website.

This is everything that you need to know about the Radiant Cash Management IPO which is open today, the 23rd of December. To apply for the same, you can use your stock broker app. We have some special coupons and promo codes for these stock-broking apps just for you:

Do let us know if you think that this IPO is worth investing in or not. Also, make sure you do not hold back any questions that you may have regarding the same. 

Last Updated: 27 December


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