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.