Radiant Cash Management Services IPO Subscription Status
Radiant Cash Management Services IPO was subscribed 0.98 times when bidding closed on 27 Dec 2022: QIB 5.01x, NII 0.97x, Retail 0.3x.
The Radiant Cash Management Services IPO has been subscribed 0.98x times overall. Retail investors have shown interest with bids for 0.3x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.97x. Within NII, Big HNI (B-HNI) subscribed 1.39x and Small HNI (S-HNI) subscribed 0.13x. Qualified Institutional Buyers (QIBs) have subscribed 5.01x. Data last updated on 10 Nov, 11:47 AM.
The IPO subscription period has ended. The issue is currently undersubscribed, presenting a higher chance of allotment for applicants. The issue opened on 23 Dec, 2022 and closes on 27 Dec, 2022. The shares are expected to list on stock exchanges on 04 Jan, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 5.01x |
| NII | - of - - | 0.97x |
bHNI — bid amount above ₹10 Lakh |
- - | 1.39 |
sHNI — bid amount ₹2–10 Lakh |
- - | 0.13 |
| Retail | - of - - | 0.3x |
| TOTAL | - - | 0.98x |
Radiant Cash Management Services IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.
Institutional Backing
Massive institutional interest with QIBs subscribing 5.01x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
27 Dec 2022
Day 3 |
0.98x | ▼ | |
|
QIB5.01x
BHNI1.39x
SHNI0.13x
Retail0.3x
|
|||
|
26 Dec 2022
Day 2 |
0.11x | ▼ | |
|
QIB0.16x
BHNI0.02x
SHNI0.04x
Retail0.12x
|
|||
|
23 Dec 2022
Day 1 |
0.04x | ▼ | |
|
QIB0.05x
BHNI-
SHNI0.01x
Retail0.06x
|
|||
Radiant Cash Management Services IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Radiant Cash Management Services IPO?
As of IPO close date (27 Dec, 2022), the Radiant Cash Management Services IPO is subscribed 0.98x times. Retail category is 0.3x, and NII is 0.97x subscribed.
When is the allotment date for Radiant Cash Management Services IPO?
The allotment for Radiant Cash Management Services IPO is expected to be finalized on 30 December, 2022.
What is the GMP of Radiant Cash Management Services?
The Grey Market Premium (GMP) for Radiant Cash Management Services is currently ₹1.01, indicating a potential listing gain of 1%.
When will Radiant Cash Management Services IPO list on the stock market?
Radiant Cash Management Services is scheduled to list on BSE and NSE on 04 January, 2023.
What are the chances of getting allotment in Radiant Cash Management Services IPO?
The retail category is currently undersubscribed at 0.3x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.
What does QIB subscription of 5.01x mean for Radiant Cash Management Services IPO?
Moderate — QIBs have subscribed 5.01x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Radiant Cash Management Services IPO allotment status?
After the allotment date (30 Dec, 2022), you can check your Radiant Cash Management Services IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Radiant Cash Management Services IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
