Radiant Cash Management Services has debuted at Rs 99.30 on the BSE, up by 5.30 points or 5.64% from its issue price of Rs 94.
The scrip is currently trading at Rs 102.50, up by 8.50 points or 9.04% from its issue price. It has touched a high and low of Rs 108.45 and Rs 98.00 respectively. So far 12.64 lakh shares were traded on the counter.
The offering, which was open for subscription between December 23, 2022 and December 27, 2022 was subscribed 53%. The issue price was fixed at Rs 94 per share i.e. at lower end of price band of Rs 94-99 apiece.
Radiant Cash Management Services is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.
