Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Radiant Innovative Manufacturing Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. Narnolia Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Radiant Innovative IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Oct 18, 2024 |
| SEBI/Exchange approval received | Mon, Feb 3, 2025 |
| SEBI approval expired | Tue, Feb 3, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 1988, Radiant Innovative Manufacturing Limited is a plastic technology solution provider specializing in manufacturing complex engineering plastic components and assemblies, primarily for the global automotive industry.
With over three decades of experience, the company offers end-to-end solutions, including product design support, mold design and development, injection molding, and complete assemblies.
Their expertise encompasses precision components for electronics, electric mobility, powertrain, thermal management, and sensing and actuation systems.
The company operates manufacturing facilities across India, equipped with advanced injection molding machinery, and specializes in complex molding technologies such as overmolding, insert molding, ultrasonic welding, precision gear molding, and thin-wall molding.
Product Portfolio:
Services:
As of July 31, 2024, the company has employed 586 permanent employees.
Competitive Strengths:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 166.61 | 136.48 | 133.18 |
| Total Income | 216.63 | 204.15 | 168.26 |
| Profit After Tax | 8.00 | 3.38 | -1.86 |
| NET Worth | 53.56 | 30.82 | -20.07 |
| Reserves and Surplus | 59.16 | 45.71 | 2.22 |
| Total Borrowing | 37.65 | 40.55 | 74.85 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure for purchase of Plant & machinery, Infrastructure Development and Other Auxiliary equipment | 20.57 |
| 2 | Funding the capital expenditure requirement for expansion of our Manufacturing Facilities at Vani, Gujarat | 16.29 |
| 3 | Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company; | 19.91 |
| 4 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.23% |
| ROCE | 20.68% |
| Debt/Equity | 0.62 |
| RoNW | 15.23% |
| PAT Margin | 3.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 55.18% | 39.29% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission. | |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Registrars to the issue | |
| 4 | Legal Advisors | |
| 5 | Printing, advertising and marketing expenses | |
| 6 | Regulators including stock exchanges | |
| 7 | Others, if any (Peer Review Auditors, and other misc. expenses) |
Lead Manager Reports
Radiant Innovative IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Radiant Innovative IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Radiant Innovative IPO using UPI as a payment gateway. Zerodha customers can apply in Radiant Innovative IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Radiant Innovative IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Radiant Innovative IPO dates are not announced. Please check back again after some time.
Radiant Innovative IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Radiant Innovative IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Radiant Innovative IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Radiant Innovative IPO allotment status.
The Radiant Innovative IPO listing date is not yet announced. The tentative date of listing is .
