Radiant Cash Management IPO vs Signatureglobal India IPO

Comparision between Radiant Cash Management IPO and Signatureglobal India IPO.

IPO Details

Radiant Cash Management IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Signatureglobal India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Radiant Cash Management IPO	Signatureglobal India IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Radiant Cash Management IPO is up to ₹256.64 Cr whereas the issue size of the Signatureglobal India IPO is up to ₹730.00 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Signatureglobal India IPO is ₹385.00 per share.

	Radiant Cash Management IPO	Signatureglobal India IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹94.00 per share	₹366.00 per share
Issue Price (Upper)	₹99.00 per share	₹385.00 per share
Issue Price (Final)	₹94.00 per share	₹385.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	38 shares
Fresh Issue Size	54,54,546 shares	1,56,62,338 shares
Fresh Issue Size (Amount)	up to ₹54.00 Cr	up to ₹603.00 Cr
OFS Issue Size	2,12,22,431 shares	32,98,701 shares
OFS Issue Size (Amount)	up to ₹202.64 Cr	up to ₹127.00 Cr
Issue Size Total	2,66,76,977 shares	1,89,61,039 shares
Issue Size Total (Amount)	up to ₹256.64 Cr	up to ₹730.00 Cr

IPO Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, while Signatureglobal India IPO opens on Sep 20, 2023. The closing date of Radiant Cash Management IPO and Signatureglobal India IPO is Dec 27, 2022, and Sep 22, 2023, respectively.

	Radiant Cash Management IPO	Signatureglobal India IPO
Anchor Bid Date	Dec 22, 2022	Sep 18, 2023
Issue Open	Dec 23, 2022	Sep 20, 2023
Issue Close	Dec 27, 2022	Sep 22, 2023
Basis Of Allotment (Tentative)	Dec 30, 2022	Sep 27, 2023
Initiation of Refunds (Tentative)	Jan 02, 2023	Sep 29, 2023
Credit of Share (Tentative)	Jan 03, 2023	Oct 03, 2023
Listing date (Tentative)	Jan 04, 2023	Sep 27, 2023
Anchor Lockin End date 1	Jan 29, 2023	Oct 27, 2023
Anchor Lockin End date 2	Mar 30, 2023	Dec 26, 2023

Financials

Radiant Cash Management IPO P/E ratio is 17.34, as compared to Signatureglobal India IPO P/E ratio of .

Radiant Cash Management IPO

Signatureglobal India IPO

Financial

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	141.44	223.13	25.02	105.72	17.73
31-Mar-20	157.62	251.78	36.5	119.57	21.13
31-Mar-21	162.14	224.16	32.43	127.1	11.05
31-Mar-22	190.57	286.97	38.21	139.76	26.75
30-Jun-22	203.95	84.38	15.32	155.19	25.54
Amount in ₹ Crore

Signatureglobal India IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,930.52	3,762.37	4,430.85	5,999.13
Revenue	263.03	154.72	939.60	1,585.88
Profit After Tax	-56.57	-86.28	-115.50	-63.72
Net Worth	-93.07	-206.87	-352.22	47.54
Reserves and Surplus	-128.87	-210.78	-364.01	34.08
Total Borrowing	969.36	1,176.38	1,157.53	1,709.75

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.39%

78.36%

Promoter Shareholding (Post-Issue)

53.21%

69.63%

P/E Ratio

17.34

Market Cap

₹1062.41 Cr.

₹5409.66 Cr.

ROE

-134.0%%

ROCE

1%%

Debt/Equity

34.1

EPS

₹-5.44

RoNW

Shares Offered

In the Radiant Cash Management IPO retail investors (RII) are offered 1,37,14,963 shares while in Signatureglobal India IPO retail investors are offered 1,37,14,963 shares. Qualified institutional buyers (QIB) are offered 78,37,121 shares in Radiant Cash Management IPO and 59,48,079 shares in Signatureglobal India IPO.

	Radiant Cash Management IPO	Signatureglobal India IPO
Anchor Investor Reserveration		82,72,700 shares
Market Maker Reserveration
QIB	78,37,121 shares	59,48,079 shares
NII	58,77,841 shares	28,44,156 shares
RII	1,37,14,963 shares	18,96,104 shares
Employee	0 shares	0 shares
Others
Total	2,74,29,925 shares	1,06,88,339 shares

Bids Received (Subscription)

Radiant Cash Management IPO subscribed 0.53x in total, whereas Signatureglobal India IPO subscribed 12.50x.

	Radiant Cash Management IPO	Signatureglobal India IPO
QIB (times)	1.01x	13.37x
NII (times)	0.66x	14.24x
Big NII (times)	0.94x	16.60x
Small NII (times)	0.09x	9.53x
RII (times)	0.21x	7.17x
Employee (times)
Other (times)
Total (times)	0.53x	12.50x

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