Radiant Cash Management IPO: All you need to know

21 Dec 2022 , 02:43 PM

The Chennai-based cash management logistics player, Radiant Cash Management is coming up with its initial public offer. The company will hit the market to raise Rs 387.95 crore through this initial public offer. Here is everything you need to know about the IPO:

IPO Subscription Dates: The IPO will open for subscription from December 23 to December 27.

IPO Issue Price: The company will sell its shares at a price range of Rs 94-99 apiece.

Lot Size: Investors can bid for a minimum of 150 shares in a lot and its multiples thereof.

Issue size: The company is raising Rs 387.95 crore through this IPO. This includes up to Rs 60 crore as fresh issue and Rs 327.94 crore as an offer for sale by existing shareholders.

BLRM: IIFL Capital Services, Motilal Oswal and Yes Securities are the merchant bankers to the IPO.

IPO Registrar: Link Intime India Private Ltd is the registrar of the IPO.

The company will finalise its share allotment on December 30 and will list on the stock market on January 04.