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Radiant Cash Management

The company is a leading cash logistics provider in India with a strong presence in the retail cash management (RCM) segment. It has a wide network of touch points across 12,150 pin codes in India, serving more than 4,700 locations. Its clients include some of the largest banks and e-commerce companies in India.

In fiscal 2021, the company processed INR 912.22 billion worth of currency. It has the highest EBITDA margin, ROCE, and ROE among organized players in the cash management services segment.

The company’s business operates across five verticals:

  • Cash pick-up and delivery: The company provides cash pick-up and delivery services to banks, ATMs, and other businesses.
  • Network currency management: The company manages the currency in circulation for banks and other businesses. This includes tasks such as counting, sorting, and depositing cash.
  • Cash processing: The company processes cash for banks and other businesses. This includes tasks such as validating, verifying, and destroying cash.
  • Cash vans / cash in transit: The company provides cash vans and other security services for the transportation of cash.
  • Other value-added services: The company provides other value-added services such as cash forecasting, ATM management, and vault management.

Radiant Cash Management IPO Details

Signature Global IPO Details
Radiant Cash IPO Dates
23 – 27 December 2022
Radiant Cash IPO Price
INR 94 – 99 per share
Fresh issue
54,54,546 shares (INR 51.27 – 54.0 crore)
Offer For Sale
2,12,22,431 shares (INR 199.49 – 202.64 crore)
Total IPO Size
2,66,76,977 shares (INR 250.76 – 256.64 crore
Minimum bid (size)
150 shares (INR 14,850)
Face Value
INR 1 per share
Retail Allocation
35%
Listing On
NSE, BSE

Radiant Cash Management Financial Performance

Signature Global Financial Performance

FY2019

FY2020

FY2021

FY2022

Revenue

220.92

248.27

221.67

286.04

Expenses

186.66

201.52

179.11

234.92

Net income

25.01

36.50

32.43

38.21

Margin (%)

11.32

14.70

14.63

13.36

Figures in INR Crore unless specified otherwise

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