Industry : IT - SOFTWARE
Radiant Cash Management Services Limited View all IPOs
Price Band
Rs. 94 to Rs. 99
RADIANT CASH MANAGEMENT SERVICES is going public with Fresh Issue and an Offer for Sale. The issue opens on 23rd December 2022.

Objective of the Issue

Details

The Objectives of the Offer are to:

1. Fund working capital requirements.

2. Fund capital expenditure requirements to purchase specially fabricated armored vans.

3. Be used for general corporate purposes.

List of Shareholders Selling Their Stake

NAME TYPE Number of Equity Shares
for OFS		 % of Total
Offering (OFS)
Col. David Devasahayam Promoter 10125000 31%
Ascent Capital Advisors India
Private Limited		 Non - Promoter 23000000 69%

Business Operations

About Company

Radiant Cash Management is an integrated cash logistics player with a strong presence in India's Retail Cash Management ("RCM") segment of the cash management services industry.

With approximately 55,513 touch points serving more than 5,388 locations, the company provides services across 13,044 pin codes in India, covering all districts.

The company meets a variety of cash management outsourcing needs for banks, financial institutions, organised retail, and e-commerce businesses in India.

The company conducts business in five major segments: 1) Cash pick-up and delivery 2) Network currency management 3) Cash processing 4) Cash vans/cash in transit; and 5) Other value-added services.

Clients include some of India's largest private and public sector banks, including Axis Bank, Citibank, Deutsche Bank Limited, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and State Bank of India.

Revenue from end user Industry Segments
Brands Q1 FY 23 FY 22 FY 21 FY 20
E - Commerce 12% 16% 16% 10%
E - Comme - e - logistics 10% 9% 10% 8%
Banking, Financial Services
and Insurance		 33% 35% 32% 35%
Organized retail 16% 11% 10% 7%
Others 28% 29% 33% 41%

Financials

Financial Overview

In Q1 FY23, the company reported a revenue of Rs. 84 crore and a net profit of Rs. 15 crore.

In FY22, the company reported a revenue of Rs. 287 crore from Rs. 224 crore in FY21, but net profit increased marginally to Rs 38 crore up from Rs 32 crore in the same period.

In FY22, the company reported a RONW of 27.34%, up from 25.52% in FY21 though it was higher in FY 20 30.53%.

Financial Performance (Rs/crore)

(Rs/cr) Q1 FY23 FY 22 FY 21 FY 20
Sales 84 287 224 252
Net profit 15 38 32 37
{{global_msg.msg}}