Radiant Cash Management Services Ltd |
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| 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 |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 23-Dec-22 |
27-Dec-22 |
( )94.00 |
( )94.00 |
( )0.00 |
| Minimum Application for shares in Nos :150 Further Multiples of :150 |
| |
( Cr) |
Lead Managers to the Issue |
| Project Cost |
49.25 |
| IIFL Securities Ltd | | Motilal Oswal Investment Advisors Ltd | | Yes Securities (India) Ltd |
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| Project Financed through Current Offer |
256.64 |
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| Post Issue Equity Share Capital |
10.67 |
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| Face Value |
1 |
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| Issue Price |
( )94.00 |
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