Radiant Cash Management IPO: Last day to subscribe

27 Dec 2022 , 11:05 AM

The Rs 388 crore IPO of Radiant Cash Management was subscribed 12% on the day 3 of the IPO at 11:00 AM. The issue was open for subscription on December 23 and will conclude on December 27. The company has fixed the price band at Rs 94-99 per share. Click here to apply for Radiant Cash Management IPO.

The initial share-sale received bids for 32,74,050 shares against 2,74,29,925 shares on offer. Radiant Cash Management IPO consists of a fresh issue of up to Rs 60 crore and an offer for sale (OFS) of 33,125,000 equity shares by promoter David Devasahayam and private equity firm Ascent Capital Advisors India.

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