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IPO Details


Radiant Cash Management Services Ltd
Registered Office: 28 Vijayaraghava Road, T Nagar, Chennai - 600017, Tamil Nadu
Phone: 91-44-49044904
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.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Dec-2022 27-Dec-2022 94.00 0.00
Minimum Application for shares in Nos : 150 Further Multiples of : 150
()Cr. Lead Managers to the Issue
Project Cost 49.25 IIFL Securities Ltd
Project Financed through Current Offer 256.64
Post Issue Equity Share Capital 10.67
Issue Price 94.00
Projects
Funding Working Capital Requirements
Funding of Capital Expenditure Requirements for Purchase of Specially Fabricated Armoured Vans
General Corporate Purposes
Promoted By
David Devasahayam
Renuka David
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

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