Radiant Cash Management IPO opens today: Check live subscription status

23 Dec 2022 , 11:00 AM

The initial public offer (IPO) of Radiant Cash Management Service opens today for subscription. The company is selling its shares at the price range of Rs 94-99 per share from December 23-27. Click here to subscribe Radiant Cash Management Service IPO.

Radiant Cash Management IPO comprises fresh issue of shares worth up to ₹60 crore and an offer for sale (OFS) of Rs 327 by promoter David Devasahayam and private equity firm Ascent Capital Advisors India.

Check the live subscription status at 11:00 AM on 23 December in the table below:

Radiant Cash Management Services IPO	No.of shares offered	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	78,37,121	–	0.00
Non Institutional Investors(NIIs)	58,77,841	2,100	0.00
Retail Individual Investors (RIIs)	1,37,14,963	2,13,150	0.02
Total	2,74,29,925	2,15,250	0.01

(Source: BSE)

The company will use proceeds from the fresh issue will be used for funding working capital requirements as well as capital expenditure requirements. The company is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.