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20/12/2022 10:50

Radiant Cash Manage announces launch of initial public offering

Radiant Cash Management Services Ltd. has announced public offering of 43104167 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 98.00 per share. The gross proceeds of the issue are expected to be Rs 42,673.13 lakhs.

The company's initial public offer (IPO) will open on 23 December 2022 and is expected to close on 27 December 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 94.00-99.00 per share.

The IPO includes a fresh Issue of 43104167 Equity Shares of the Company at an price of Rs 99.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 150 shares with bids in multiples of 150.

Radiant Cash Management Services Ltd. anticipates using the proceeds of the issue for .

YES Securities (India) Ltd.,Motilal Oswal Investment Advisors Limited,IIFL Securities Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.