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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Radiant Cash Management Services Ltd
Registered Office:
28 Vijayaraghava Road,T Nagar,
Chennai - 600017,
Tamil Nadu, India.
Initial public offer of 26,676,977* equity shares of face value of Re. 1 each ("Equity Shares") of Radiant Cash Management Services Limited for cash at a price of (Rs) 94*^ per equity share (including a share premium of (Rs) 93*^ per equity share) ("Offer Price") aggregating to (Rs) 256.64* crores ("Offer") comprising a fresh issue of 5,454,546* equity shares aggregating to approximately (Rs) 54.00* crores by the company (the "Fresh Issue") and an offer for sale of 21,222,431* equity shares aggregating to (Rs) 202.64* crores ("Offer for Sale"), comprising of 6,486,856 equity shares aggregating to (Rs) 61.94* crores by Col David Devasahayam (the "Promoter Selling Shareholder") and 14,735,575 equity shares aggregating to (Rs) 140.70* crores by Ascent Capital (defined hereinafter) (the "Investor Selling Shareholder" and together with the promoter selling shareholder, "Selling Shareholders", and such equity shares, "Offered Shares"). The offer constitutes 25.00%* of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The company has filed the with a fresh issue of up to (Rs) 60.00 crores and an offer for sale for up to 33,125,000 equity shares. Subsequently the fresh issue has been reduced to approximately (Rs) 54.00 crores and the offer for sale has been reduced to 21,222,431 equity shares. ^Allotment to anchor investors was done at (Rs) 99 per equity share (including a share premium of (Rs) 98 per equity share) Bid can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Dec-22
27-Dec-22
94.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 150     Further Multiples of : 150
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
49.25
IIFL Securities Ltd
Project Financed
256.64
 
Post Issue
10.67
 
Issue Price
94.00
 
Projects
Funding Working Capital Requirements
Funding of Capital Expenditure Requirements for Purchase of Specially Fabricated Armoured Vans
General Corporate Purposes
Promoted By
David Devasahayam
Renuka David
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
.
Stock Broker Name Registration Number Registered Address Branch Address Contact Number Email id
DB (International) Stock Brokers Limited INZ000179035 (BROKING)

IN-DP-CDSL-266-2004 (DEPOSITORY)
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Disclosure regarding proprietary trading:

As required under Circular No. SEBI/MRD/SE/Cir-42/2003 dated 19.11.2003 issued by the Securities and Exchange Board of India; We hereby disclose that in addition to client based business, We are also doing proprietary trading.

Investor Grievances Email ID: investorgrievance@dbonline.in


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