Radiant Cash Management IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation

Radiant Cash Management IPO Review By Anil Singhvi: The initial public offer of Radiant Cash Management Services was subscribed 4 per cent on the first day of subscription on Friday, December 24. Today, December 26 is the second day of the offer. The subscription window will close on December 27. 

Zee Business Managing Editor and market guru Anil Singhvi has recommended buying shares of Radiant Cash Management after listing. He said that only high-risk investors should subscribe before the listing for long term.

Anil Singhvi while mentioning the pros of the company said that the retail cash management company has experienced promoters and they have a good control on the business. He said that business growth is strong and financials are also good as the company is debt free and cash flows are healthy. 

Radiant Cash Management IPO: Company's Business Model & Future Plans From Management | Anil Singhvi 

Radiant Cash Management has an assets light model that means they do not have to buy more assets, which, according to Singhvi, is a boon. 

On the flipside, Singhvi said that as the government is taking a more digitalised approach and it can affect the cash circulation which can affect the company. Singhvi, however, said that this is just a mere concern as right now the cash circulation hasn’t been affected. 

According to Singhvi, valuations are costly and could have made more attractive.

#IPOAlert

23 दिसंबर को खुला रेडियंट कैश मैनेजमेंट का IPO, प्राइस बैंड ₹94-99/शेयर

रेडियंट कैश मैनेजमेंट में क्या है खास?

निवेशक क्या करें?

इश्यू को सब्सक्राइब करें या छोड़ दें?#RadiantCashManagement के IPO पर @AnilSinghvi_ की राय...#StockMarket #Investor #IPO pic.twitter.com/rX3AtKJyLF

— Zee Business (@ZeeBusiness) December 26, 2022

IPO Details 

The category for Retail Individual Investors (RIIs) was subscribed 6 per cent, while the portion for Qualified Institutional Buyers (QIBs) received 5 per cent subscription.

The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 60 crore and an offer for sale of up to 33,125,000 equity shares. Price range for the offer is at Rs 94-99 a share.

Radiant Cash IPO Allotment Date

Radiant Cash IPO allotment status will be finalised on December 30.

Radiant Cash Shares Listing

Shares of Radiant Cash will list on both the exchanges NSE and BSE. The listing will take place on January 4.

Based on the upper band of the share price, the IPO is expected to fetch Rs 388 crore.

IIFL Securities, Motilal Oswal Investment Advisors and YES Securities are the managers to the offer. 

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