84  Total SME IPOs listed in 2025

3,748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

Radiant Cash Management Services Limited IPO Analysis

Radiant Cash Management Services IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 256.64 Cr. The company is based in Tamil Nadu and caters to Corporate Solutions sector. IIFL Securities , Motilal Oswal Investment Advisors , Yes Securities (India) are the merchant bankers of Radiant Cash Management Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th October 2021.

Radiant Cash Management Services IPO posted revenues of ₹ 337.52 crores and PAT of ₹ 61.28 crores in FY23 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 336.20 Cr.
            EBITDA: ₹ 87.20 Cr.
            PAT: ₹ 61.28 Cr.
  • EBITDA Margin: 25.94 %
            Pat Margin: 18.23 %
  • Net Worth: ₹ 155.19 Cr.
  • Market Capitalisation: ₹ 1062.41 Cr.
  • P/E: 17.34 times
  • P/BV: 2.58 times
  • EV/EBITDA: 11.69 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Radiant Cash IPO Financial Performance (Restated)

Financial results of Radiant Cash Management Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-22 FY22 FY21 FY20
Balance Sheet
Assets 203.90 190.50 162.10 157.60
Net Worth 155.19 139.76 127.10 119.57
Total Debt 25.54 26.75 11.05 21.13
Profit & Loss
Revenue
Revenue on annualised basis
84.05
336.20
286.97 221.67 248.29
EBITDA
EBITDA on annualised basis
21.80
87.20
59.40 49.70 55.70
PAT
PAT on annualised basis
15.32
61.28
38.21 32.43 36.50
Financials
30-Jun-22
FY22
FY21
FY20
Balance Sheet
Assets
203.90
190.50
162.10
157.60

Net Worth
155.19
139.76
127.10
119.57

Total Debt
25.54
26.75
11.05
21.13

Profit & Loss
Revenue
Revenue on annualised basis
84.05
336.20
286.97
221.67
248.29

EBITDA
EBITDA on annualised basis
21.80
87.20
59.40
49.70
55.70

PAT
PAT on annualised basis
15.32
61.28
38.21
32.43
36.50

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Radiant Cash IPO Key performance Indicators (KPI)

Radiant Cash Management Services IPO PAT Margin is 18.23 % , ROCE (Return on Capital Employed) is 11.40 % as per latest financial. The below table shows Radiant Cash Management Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-22 FY22 FY21 FY20
EBITDA Margin (%) 25.94 20.70 22.42 22.43
PAT Margin (%) 18.23 13.31 14.63 14.70
EPS (₹) 1.51 3.77 3.20 3.60
ROE (%) 9.87 27.34 25.52 30.53
ROCE (%) 11.40 33.07 33.33 37.91
ROA (%) 7.51 20.06 20.01 23.16
Debt to Equity 0.16 0.19 0.09 0.18
Particulars
30-Jun-22
FY22
FY21
FY20

EBITDA Margin (%)
25.94
20.70
22.42
22.43

PAT Margin (%)
18.23
13.31
14.63
14.70

EPS (₹)
1.51
3.77
3.20
3.60

ROE (%)
9.87
27.34
25.52
30.53

ROCE (%)
11.40
33.07
33.33
37.91

ROA (%)
7.51
20.06
20.01
23.16

Debt to Equity (x)  
0.16
0.19
0.09
0.18

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Radiant Cash Management Services IPO Valuation Metrics

The market Capitalisation of Radiant Cash Management Services IPO is ₹ 1062.41 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1062.41

Enterprise Value (EV) (₹ Cr.):
1,019.35

EV/EBITDA (times) :
11.69

PE Multiple (times) :
17.34

P/B (times) :
2.58

NAV (₹) :
15.33

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Radiant Cash prospectus?

The Radiant Cash Management Services IPO prospectus highlights an Return on Equity (ROE) of 9.87 % , Return on Assets (ROA) of 7.51 %, and an EBITDA Margin of 25.94 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Radiant Cash IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Radiant Cash Management Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Radiant Cash IPO ?

The post-IPO market capitalisation of Radiant Cash Management Services IPO is ₹ 1062.41 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Radiant Cash IPO?

The Radiant Cash Management Services IPO has a Price-to-Earnings (PE) ratio of 17.34 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Radiant Cash Management Services IPO?

Radiant Cash Management Services IPO reported revenue of ₹ 337.52 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Radiant Cash Management Services IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Radiant Cash Management Services IPO?

Radiant Cash Management Services recorded an EBITDA of ₹ 87.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Radiant Cash Management Services IPO?

Radiant Cash Management Services Profit After Tax (PAT) is ₹ 61.28 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 336.20 Cr.
            EBITDA: ₹ 87.20 Cr.
            PAT: ₹ 61.28 Cr.
  • EBITDA Margin: 25.94 %
            Pat Margin: 18.23 %
  • Net Worth: ₹ 155.19 Cr.
  • Market Capitalisation: ₹ 1062.41 Cr.
  • P/E: 17.34 times
  • P/BV: 2.58 times
  • EV/EBITDA: 11.69 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Radiant Cash Management Services operates in Corporate Solutions and Integrated Cash Logistics Player Leading The RCM Segment. The Issue is listed on BSE,NSE in Jan, 2023. Radiant Cash Management Services IPO size was 256.64 with Issue price of 94.00 .

Merchant Banker(s) of Radiant Cash Management Services IPO: IIFL Securities Limited , Motilal Oswal Investment Advisors Limited , Yes Securities (India) Limited

Radiant Cash Management Services IPO subscription was 0.53 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Radiant Cash Management Services IPO listed at a listing price of 104.70 against the offer price of 94.00.

The current market price of Radiant Cash Management Services is 63.61.

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