Radiant provide services across 13,044 pin codes in India covering all districts

MUMBAI, Dec 20 (The CONNECT) - Radiant Cash Management Services Limited has fixed the price band at ₹94 to ₹99 per apiece for its proposed initial public offering (IPO) which will be open between December 23 and 27. Investors can bid for a minimum of 150 equity shares and in multiples of 150, thereafter.

The public issue with a face value of Re 1 per equity share comprises a fresh issue of up to Rs 60 crore and an offer for sale (OFS) up to 33,125,000 equity shares by existing shareholders.

Radiant provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touch points serving more than 5,388 locations as of July 31, 2022.