Radiant Cash Management Services Ltd IPO

  • Min. Investment14100/ 150 Shares
  • Min. Quantity150
  • Price Range₹94 - ₹99
  • Date Range23 Dec 22 - 27 Dec 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
  • Application Start Date23 Dec 2022
  • Application End Date27 Dec 2022
  • Allotment begins
  • Refund Initiation Date02 Jan 2023
  • Allotment Date30 Dec 2022
  • Listing On Exchange04 Jan 2023
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 22 4918 6200
  • Email IDradiant.ipo@linkintime.co.in
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY21 FY22 FY23
(Rs Crore)
Revenue 221.67 286.04 354.91
Net Profit 32.43 38.21 62.73
Total Assets 163.32 191.07 279.09
  • Leading integrated cash logistics player in a consolidating industry present across the value chain of retail cash management
  • Pan India presence with strong network in Tier 2 and Tier 3+ locations and fast growing end user segments
  • Diversified client base with long standing relationship and ability to cross-sell value added services
  • Robust Operational Risk Management
  • Significantly built up technology to optimise operational profitability
  • Its business is highly dependent on the banking sector in India to generate revenues, and any adverse development with respect to Indian banks that affects their utilisation of and demand for cash management services could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • The company derive a substantial portion of its revenue from a limited number of customers. If one or more of its key customers were to suffer a deterioration in their business, cease doing business with it or substantially reduce its dealings with the company, its revenues could decline, which may have an adverse effect on its business, results of operations, cash flows andfinancial condition.
  • A decrease in the availability or use of cash as the predominant mode of payment in India could have an adverse effect on its business, results of operations, cash flows and financial condition.
  • Its business is exposed to operational risks for which the company has incurred and expect to continue to incur risk costs and penalties. Any material increase in these costs could have an adverse effect on its business, results of operations and financial condition.
  • Its business has significant expenses in relation to employee benefits, cash vans and transportation. Any material increase in any of those expenses could affect its ability to competitively price its services, maintain or increase its profitability and results of operations.
  • Capitalize on strong growth of key end-user sectors
  • Improve the share of Value-Added-Services in its revenue mix
  • Target direct end-users to improve profitability through increasing route density
  • Increase market share from unorganized players in Cash Van Operations
  • Capitalize on strong growth of key end-user sectors
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).

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