Radiant Cash Management Services IPO
Cash Logistics / BFSI - Listed on 04 January 2023
Radiant Cash Management Services IPO listing summary
Radiant Cash Management Services (Cash Logistics / BFSI) closed its IPO window in 2023 and listed on NSE and BSE on 04 January 2023 at an upper band issue price of Rs 99, opening at Rs 103 for a listing gain of +4.0% and closing day one at Rs 104.9 (+6.0% on closing basis). The IPO was subscribed 0.53x overall - QIB 1.01x, HNI/NII 0.66x, Retail 0.21x. The total issue size was Rs 256.64 Cr (Fresh Issue Rs 54 Cr, OFS Rs 202.64 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Radiant Cash Management Services IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 0 | 0.00% |
| Day 2 | Rs 0 | 0.00% |
| Day 3 | Rs 0 | 0.00% |
| Day 4 | Rs 0 | 0.00% |
| Day 5 | Rs 0 | 0.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Radiant Cash Management Services IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Radiant Cash Management Services IPO - FAQs
What was the listing gain of Radiant Cash Management Services IPO?
Radiant Cash Management Services IPO listed at +4.0% versus the upper issue price of Rs 99 on 04 January 2023.
How many times was Radiant Cash Management Services IPO subscribed?
Radiant Cash Management Services IPO was subscribed 0.53x overall. QIB portion was subscribed 1.01x, HNI / NII 0.66x and Retail 0.21x.
What was the IPO GMP for Radiant Cash Management Services?
IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.