Radiant Cash Management Services IPO - Leading Integrated Cash Logistics Player: Reliance Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities' IPO Report.Radiant Cash Management Services Ltd. is India’s leading player in retail cash management services for banks, financial institutions and organised retail and e-commerce companies. Radiant primarily provides the services:cash delivery services for banks, individuals and commercial and government establishments, cash processing like sorting notes and coins, network currency management which involves collection, transfer and deposit of cash,cash vans / cash in transit where it offers specially fabricated armored vans for movement of cash or bullion within their client’s network and vaulting services for bulk cash and ATM cards, cassettes and important documents and other value-added services. As of July 2022, Radiant provides its services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with ~ 55,513 touchpoints, serving more than 5,388 locations. During FY20-22, its revenue and profit after tax clocked compound annual growth rate of 7% and 2% respectively, while Ebitda margin dipped slightly from 21.1% in FY20 to 20.5% in FY22.The company is coming out with an initial public offering consisting of fresh issue of ~6.1 million shares and offer for sale of ~33.1 million shares, aggregating to a total of Rs 3.88 billion. The company will utilise the proceeds for funding its capex requirements and purchase of specialty armored vans..Click on the attachment to read the full IPO report:.Radiant Cash Management Services IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Radiant Cash Management Services IPO - Leading Integrated Cash Logistics Player: Reliance Securities

The company is coming out with an IPO consisting of fresh issue of ~6.1 million shares and OFS of ~33.1 million shares.

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