23 Dec Subscribe to Radiant Cash Management Services: Hem Securities
Hem Securities has come out with its report on Radiant Cash Management Services. The research firm has recommended to “ Subscribe” the ipo in its research report as on December 22, 2022.
Broker Research
December 23, 2022 / 10:30 AM IST
Hem Securities IPO report on Radiant Cash Management Services
Radiant Cash Management Services is an integrated cash logistics player with leading presence in retail cash management (“RCM”) segment of the cash management services industry in India and is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022. Company 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.
Valuation and Outlook
Hence, looking after all above, we recommend “Subscribe” on issue for long term.