Radiant Cash share price listing NSE, BSE: Shares make decent stock market debut, list at 10% premium
Radiant Cash share price listing NSE, BSE date today: Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94.
The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month. The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, according to information available on the firm's Website.
Radiant Cash share price listing NSE, BSE date today: Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94.
The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month. The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, according to information available on the firm's Website.
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Radiant Share Price Listing
The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, according to information available on the firm's Website.
Radiant Share Price NSE, BSE
At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month.
Radiant Cash Management shares debut with 10 per cent premium
Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45.
Radiant Share Price NSE, BSE
At 10:12 AM, the counter quoted Rs 100 apiece on NSE, up by 6 per cent of Rs 5.75 apiece on NSE. On BSE, the scrip traded at Rs 100.45.
Radiant Share Price NSE, BSE
At 10:12 AM, the counter quoted Rs 100 apiece on NSE, up by 6 per cent of Rs 5.75 apiece on NSE. On BSE, the scrip traded at Rs 100.45.
Radiant Share Price Listing BSE
Shares of Radiant Cash got listed on BSE at Rs 99.30 apiece, delivering around 5 per cent return on the listing. The issue price was Rs 94.
Radiant Share Price Listing NSE
Shares of Radiant Cash got listed on NSE at Rs 103 apiece, delivering 10 per cent return on the listing. The issue price was Rs 94.
Radiant Cash share price listing: Check subscription data of Chennai-based firm
The category meant for Qualified Institutional Buyers (QIBs) was fully subscribed, while non-institutional investors portion received 66 per cent subscription and Retail Individual Investors (RIIs) 20 per cent. The Initial Public Offer (IPO) had a fresh issue of up to Rs 60 crore and an offer for sale of up to 33,125,000 equity shares. Price range for the offer was at Rs 94-99 a share. IIFL Securities, Motilal Oswal Investment Advisors and YES Securities were the managers to the offer.
Radiant Cash share price listing: Check subscription data
The public issue of the Chennai-based company was subscribed 0.53 times.
Radiant Cash share price listing: Check IPO subscription data
The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent on the last day of subscription on Tuesday. The Rs 388-crore initial share-sale received bids for 1,45,98,150 shares against 2,74,29,925 shares on offer, according to NSE data.
Radiant Share Price Listing today in B group of securities
The shares of Radiant Cash Management Services Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities, according to information available on BSE.
Radiant Share Price Listing today on NSE, BSE
Shares of Radiant Cash Management Services will list on NSE and BSE today. The listing will take place at 10 AM while the special pre-open session will start at 9:45 AM.
Radiant Share Price Listing By Anil Sighvi
Anil Singhvi said that the listing could take place around the listing price of Rs 99. He suggested that short term investors could place a stop loss at Rs 90-95.
