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    Radiant Cash Management IPO Subscription Status Today [Live Update]

    Radiant Cash Management IPO subscription status live. Get latest subscription of Radiant Cash Management Services Limited IPO from BSE and NSE.

    Radiant Cash Management IPO Subscription Details (Live Status)

    IPO Details Docs Reviews Subscription HNI Calc News GMP Allotment BoA Messages

    Radiant Cash Management IPO Details

    IPO Open Dec 23, 2022IPO Close Dec 27, 2022IPO Price ₹94 - ₹99Face Value ₹1IPO Size ₹387.94 CrListing At BSE, NSELot Size 150

    Radiant Cash Management IPO Subscription Status Live

    Radiant Cash Management IPO subscribed 0.11 times. The public issue subscribed 0.12 times in the retail category, 0.16 times in QIB, and 0.03 times in the NII category by Dec 26, 2022.

    Investor Category Subscription (times)

    Qualified Institutions 0.16

    Non-Institutional Buyers 0.03

    bNII (bids above ₹10L) 0.02

    sNII (bids below ₹10L) 0.04

    Retail Investors 0.12

    Employees [.] Others [.]

    Total 0.11

    Radiant Cash Management IPO Subscription Details (times)

    Date QIB NII Retail Total

    Day 1

    Dec 23, 2022 0.05 0.00 0.06 0.04

    Day 2

    Dec 26, 2022 0.16 0.03 0.12 0.11

    Radiant Cash Management IPO Shares Offered

    Radiant Cash Management IPO is a public issue of 27,429,925 equity shares. The issue offers 13,714,963 shares to retail investors, 7,837,121 shares to qualified institutional buyers, and 5,877,841 shares to non-institutional investors.

    Category Shares Offered Amount (Rs Cr) Size (%)

    QIB 7,837,121 77.59 28.57%

    NII 5,877,841 58.19 21.43%

    bNII (bids above ₹10L) 3,918,560 38.79 14.29%

    sNII (bids below ₹10L) 1,959,281 19.40 7.14%

    Retail 13,714,963 135.78 50.00%

    Total 27,429,925 271.56 100%

    IPO Investor Categories

    Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

    Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    sNII (bids below Rs 10L)

    The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    bNII (bids above Rs 10L)

    The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

    Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

    Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

    Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

    What is the difference between RII, NII, QIB and Anchor Investor?

    Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

    Radiant Cash Management IPO Subscription FAQs

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    Radiant Cash Management IPO: Check subscription status on last day of the issue

    Based on the upper band, Radiant Cash Management IPO is expected to fetch ₹388 crore

    Radiant Cash Management IPO: Check subscription status on last day of the issue

    2 min read . Updated: 27 Dec 2022, 08:16 AM IST

    Livemint

    Premium IPO

    Based on the upper band, Radiant Cash Management IPO is expected to fetch ₹388 crore

    स्रोत : www.livemint.com

    Sah Polymers IPO to kick off on December 30; price band fixed at Rs 61

    The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size of 150 equity shares. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore units.

    Radiant Cash Management IPO subscribed only 11% on Day Two

    SECTIONS

    Radiant Cash Management IPO subscribed only 11% on Day Two

    By Navdeep Singh, ETMarkets.comLast Updated: Dec 26, 2022, 06:22 PM IST

    Share Font Size Save Print Comment Synopsis

    The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size of 150 equity shares. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore units.

    ThinkStock Photos

    New Delhi: The Rs 388-crore initial public offering (IPO) of Radiant Cash Management received a muted response from investors as the issue was subscribed only 11% on Day Two of the bidding process.

    The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size of 150 equity shares. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore units.

    According to the data from the BSE, the investors made bids for 29,77,050 equity shares or only 11% compared to the 2,74,29,925 units offered for the subscription by 5 pm on Monday, December 26.

    The quota for retail bidders was booked 12%, whereas that for non-institutional investors was subscribed only 3%. The portion for qualified institutional bidders was booked 16%.

    Brokerage firms are majorly positive on the issue, suggesting to subscribe to it, considering the valuations and business model. However, others are skeptical over the company due to rising competition and rich valuations.

    “Company is bringing the issue at a price band of Rs 94-99 per share at p/e multiple of 17x on FY22 basis. It is a leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management with pan India and fast-growing end-user segments,” said Hem Securities with a subscribe rating to the issue.

    “The RCM market is estimated at Rs 6.8 billion in fiscal 2021 and is projected to reach a market size of Rs 20.4 billion by fiscal 2027, growing at a CAGR of 20.3%. The growth in the organized retail sector as well as the corresponding outsourcing potential is expected to be prime factors for the development of the RCM market in India,” it added.

    Ahead of its IPO, Radiant Cash Management raised Rs 116.38 crore from 16 anchor investors by allotting 1,17,55,681 shares at Rs 99 apiece, said a BSE circular.

    At the upper price band, the company is trading at a P/E of 27.83x with a market cap of Rs 1,062.4 crore post issue of equity shares and return on net worth of 27.3%, said Anand Rathi Research with an 'avoid' tag, citing rich valuations.

    50% of shares are reserved for qualified institutional buyers (QIBs), whereas 15% are for non-institutional investors (NIIs). The remaining 35% will be allotted to retail investors.

    The growth in the organized retail sector as well as the corresponding outsourcing potential is expected to be prime factors for the development of the RCM market in India, said Arihant Capital NSE 0.08 %'s IPO note.

    "Radiant has a track record of strong financial performance and delivering returns to shareholders. At the upper band, it is valued at a PE of 26.2x based on FY22 to its EPS of Rs 3.77," it added with a subscribe rating for the issue.

    IIFL Securities NSE 0.78 %, Motilal Oswal Investment Advisors and Yes Bank NSE 2.04 % are the book-running lead managers of the issue, whereas Link Intime India has been appointed as registrar for the issue.

    (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

    READ MORE NEWS ON

    Radiant Cash ManagementRadiant Cash Management IpoRadiant Cash Management Ipo NewsRadiant Cash Management Ipo UpdateRadiant Cash Management Ipo Day 2Arihant CapitalIifl SecuritiesMotilal OswalYes Bank

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