Radiant Cash Management IPO vs Udayshivakumar Infra IPO

Comparision between Radiant Cash Management IPO and Udayshivakumar Infra IPO.

IPO Details

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

	Radiant Cash Management IPO	Udayshivakumar Infra 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	Saffron Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Mas Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Udayshivakumar Infra IPO is up to ₹66.00 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Udayshivakumar Infra IPO is ₹35.00 per share.

	Radiant Cash Management IPO	Udayshivakumar Infra IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹94.00 per share	₹33.00 per share
Issue Price (Upper)	₹99.00 per share	₹35.00 per share
Issue Price (Final)	₹94.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	428 shares
Fresh Issue Size	54,54,546 shares	2,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹54.00 Cr	up to ₹66.00 Cr
OFS Issue Size	2,12,22,431 shares
OFS Issue Size (Amount)	up to ₹202.64 Cr
Issue Size Total	2,66,76,977 shares	2,00,00,000 shares
Issue Size Total (Amount)	up to ₹256.64 Cr	up to ₹66.00 Cr

IPO Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, while Udayshivakumar Infra IPO opens on Mar 20, 2023. The closing date of Radiant Cash Management IPO and Udayshivakumar Infra IPO is Dec 27, 2022, and Mar 23, 2023, respectively.

	Radiant Cash Management IPO	Udayshivakumar Infra IPO
Anchor Bid Date	Dec 22, 2022	Mar 17, 2023
Issue Open	Dec 23, 2022	Mar 20, 2023
Issue Close	Dec 27, 2022	Mar 23, 2023
Basis Of Allotment (Tentative)	Dec 30, 2022	Mar 28, 2023
Initiation of Refunds (Tentative)	Jan 02, 2023	Mar 29, 2023
Credit of Share (Tentative)	Jan 03, 2023	Mar 31, 2023
Listing date (Tentative)	Jan 04, 2023	Apr 03, 2023
Anchor Lockin End date 1	Jan 29, 2023	Apr 27, 2023
Anchor Lockin End date 2	Mar 30, 2023	Jun 26, 2023

Financials

Radiant Cash Management IPO P/E ratio is 17.34, as compared to Udayshivakumar Infra IPO P/E ratio of 9.67.

Radiant Cash Management IPO

Udayshivakumar Infra 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

Udayshivakumar Infra Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	158.26	194.41	10.49	46.87	33.95
31-Mar-21	146.82	211.11	9.32	56.18	30.60
31-Mar-22	162.61	186.39	12.15	68.32	26.48
30-Sep-22	178.90	107.14	10.02	78.34	39.46
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.39%

100.00%

Promoter Shareholding (Post-Issue)

53.21%

65.9%

P/E Ratio

17.34

9.67

Market Cap

₹1062.41 Cr.

₹193.75 Cr.

ROE

17.80%%

ROCE

20.71%%

Debt/Equity

0.16

EPS

RoNW

Shares Offered

In the Radiant Cash Management IPO retail investors (RII) are offered 1,37,14,963 shares while in Udayshivakumar Infra 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 18,85,715 shares in Udayshivakumar Infra IPO.

	Radiant Cash Management IPO	Udayshivakumar Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	78,37,121 shares	18,85,715 shares
NII	58,77,841 shares	56,57,142 shares
RII	1,37,14,963 shares	1,13,14,285 shares
Employee	0 shares	0 shares
Others
Total	2,74,29,925 shares	1,88,57,142 shares

Bids Received (Subscription)

Radiant Cash Management IPO subscribed 0.53x in total, whereas Udayshivakumar Infra IPO subscribed 32.49x.

	Radiant Cash Management IPO	Udayshivakumar Infra IPO
QIB (times)	1.01x	42.92x
NII (times)	0.66x	64.08x
Big NII (times)	0.94x	63.54x
Small NII (times)	0.09x	65.14x
RII (times)	0.21x	14.95x
Employee (times)
Other (times)
Total (times)	0.53x	32.49x

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