Radiant Cash Management Services IPO GMP History
Radiant Cash Management Services IPO has been listed on January 4, 2023 at a listing price of ₹103, against the issue price of ₹94 — a gain of ₹9 (+9.57%). The GMP peaked at ₹1.01 on 27 December 2022 and reached a low of ₹0.05 on 23 December 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Radiant Cash Management Services IPO raised ₹256.64 Cr. through its IPO at a price band of ₹94 to ₹99 per share, with a lot size of 150 shares. The IPO was open for subscription from 23 Dec 2022 to 27 Dec 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:47 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 27 Dec 2022 | ₹ 1.01 | ▲ | 1% | — | — |
| 26 Dec 2022 | ₹ 0.16 | ▲ | -- | — | — |
| 23 Dec 2022 | ₹ 0.05 | — | -- | — | — |
Radiant Cash Management Services IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 23 Dec 2022
- Close 27 Dec 2022
- Allotment 30 Dec 2022
- Refund/credit 02 Jan 2023
- Listing 04 Jan 2023
Radiant Cash Management Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹94 |
|---|---|
| GMP-based estimate (pre-listing) | ₹100 (+1%) |
| Listing gain / loss | +₹9 per share |
| Listing date | 04 Jan, 2023 |
| Actual listing price | ₹103 (+9.57%) |
Is Radiant Cash Management Services IPO GMP reliable?
Grey market premium for Radiant Cash Management Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Radiant Cash Management Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Radiant Cash Management Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Radiant Cash Management Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Radiant Cash Management Services IPO
Radiant Cash Management Services Limited was incorporated as Radiant Cash Management Services Private Limited in Chennai on 23 March 2005. It is an integrated cash logistics player with a leading presence in the retail cash management segment in India.
It collects and delivers cash on behalf of clients, and also offers cash processing, vaulting and related services. Its clients include some of the largest foreign, private and public sector banks, and end users include e-commerce companies, retail chains, NBFCs, insurers, railways and fuel outlets.
On 31 July 2022 it served 13,044 pin codes covering all districts other than Lakshadweep, with about 55,513 touch points across more than 5,388 locations.
The IPO was Rs 256.64 crore, with about Rs 54 crore of fresh issue and Rs 202.64 crore of offer for sale by the promoter and Ascent Capital. The issue was priced at Rs 94, the bottom of the Rs 94 to 99 band. Fresh money was planned for working capital and armoured vans.
Frequently asked
What is the GMP of Radiant Cash Management Services IPO?
The current Grey Market Premium (GMP) of Radiant Cash Management Services IPO is ₹ 1.01.
What is the Kostak Price of Radiant Cash Management Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Radiant Cash Management Services IPO is not available.
What is the Subject to Sauda Price of Radiant Cash Management Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Radiant Cash Management Services IPO?
Radiant Cash Management Services IPO listed on January 4, 2023 at ₹103, against the issue price of ₹94 — a gain of +9.57%.
How did the GMP of Radiant Cash Management Services IPO trend before listing?
The GMP of Radiant Cash Management Services IPO was rising in its final days before listing. The GMP peaked at ₹1.01 on 27 December 2022. View the day-wise table above for the complete GMP history.
Explore Radiant Cash Management Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
