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Radiant Cash Management IPO vs Sula Vineyards IPO

Comparision between Radiant Cash Management IPO and Sula Vineyards IPO.

IPO Details

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

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 Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

  Radiant Cash Management IPO Sula Vineyards IPO
Face Value ₹1 per share ₹2 per share
Issue Price (Lower) ₹94.00 per share ₹340.00 per share
Issue Price (Upper) ₹99.00 per share ₹357.00 per share
Issue Price (Final) ₹94.00 per share ₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 150 shares 42 shares
Fresh Issue Size 54,54,546 shares
Fresh Issue Size (Amount) up to ₹54.00 Cr
OFS Issue Size 2,12,22,431 shares 2,69,00,530 shares
OFS Issue Size (Amount) up to ₹202.64 Cr up to ₹960.35 Cr
Issue Size Total 2,66,76,977 shares 2,69,00,530 shares
Issue Size Total (Amount) up to ₹256.64 Cr up to ₹960.35 Cr

IPO Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Radiant Cash Management IPO and Sula Vineyards IPO is Dec 27, 2022, and Dec 14, 2022, respectively.

  Radiant Cash Management IPO Sula Vineyards IPO
Anchor Bid Date Dec 22, 2022 Dec 09, 2022
Issue Open Dec 23, 2022 Dec 12, 2022
Issue Close Dec 27, 2022 Dec 14, 2022
Basis Of Allotment (Tentative) Dec 30, 2022 Dec 19, 2022
Initiation of Refunds (Tentative) Jan 02, 2023 Dec 20, 2022
Credit of Share (Tentative) Jan 03, 2023 Dec 21, 2022
Listing date (Tentative) Jan 04, 2023 Dec 22, 2022
Anchor Lockin End date 1 Jan 29, 2023 Jan 18, 2023
Anchor Lockin End date 2 Mar 30, 2023 Mar 19, 2023

Financials

Radiant Cash Management IPO P/E ratio is 17.34, as compared to Sula Vineyards IPO P/E ratio of 49.24.

  Radiant Cash Management IPO Sula Vineyards IPO
Financial
Radiant Cash Management Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19141.44223.1325.02105.7217.73
31-Mar-20157.62251.7836.5119.5721.13
31-Mar-21162.14224.1632.43127.111.05
31-Mar-22190.57286.9738.21139.7626.75
30-Jun-22203.9584.3815.32155.1925.54
Amount in ₹ Crore
Sula Vineyards Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20831.04523.21-15.94299.95368.24
31-Mar-21751.6421.533.01304.74301.26
30-Sep-21717.55160.464.53344.32262.45
31-Mar-22758.56456.752.14395.26228.93
30-Sep-22770.95225.7630.51449.18214.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 66.39% 28.44%
Promoter Shareholding (Post-Issue) 53.21% 27.33%
P/E Ratio 17.34 49.24
Market Cap ₹1062.41 Cr. ₹3005.90 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Radiant Cash Management IPO retail investors (RII) are offered 1,37,14,963 shares while in Sula Vineyards 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 53,80,106 shares in Sula Vineyards IPO.

  Radiant Cash Management IPO Sula Vineyards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 78,37,121 shares 53,80,106 shares
NII 58,77,841 shares 40,35,080 shares
RII 1,37,14,963 shares 94,15,186 shares
Employee 0 shares 0 shares
Others
Total 2,74,29,925 shares 1,88,30,372 shares

Bids Received (Subscription)

Radiant Cash Management IPO subscribed 0.53x in total, whereas Sula Vineyards IPO subscribed 2.33x.

  Radiant Cash Management IPO Sula Vineyards IPO
QIB (times) 1.01x 4.13x
NII (times) 0.66x 1.51x
Big NII (times) 0.94x 1.69x
Small NII (times) 0.09x 1.15x
RII (times) 0.21x 1.65x
Employee (times)
Other (times)
Total (times) 0.53x 2.33x

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