Radiant Cash Management Stock Price Surges More Than 13 Percent In Debut Trade – Explained!

Radiant Cash Management Services shares completed up greater than 13 % of their debut commerce on Wednesday in opposition to the difficulty value of Rs 94.

The share was buying and selling at Rs 99.30, posting a achieve of 5.63 % in opposition to the difficulty value on the BSE. During the day, it jumped 24.14 % to Rs 116.70. The inventory ended at Rs 104.70 apiece, up 11.38 %.

Radiant Cash Management inventory value surges greater than 13 % in debut commerce

On the NSE, the corporate’s shares debuted at Rs 103, up 9.57 %. It ended at Rs 106.50 per share, a bounce of 13.29 %.

The firm received a market valuation of Rs 1,117.23 crore on the BSE. Radiant Cash Management Services’ preliminary public providing was solely 53 % subscribed final month.

The preliminary share sale of Rs 388 crore had a value vary of Rs 94-99 per share. In the broader market, the BSE benchmark ended 636.75 factors, or 1.04 % decrease, at 60,657.45. Radiant Cash Management Services (RCMS) was based in March 2005.

The firm’s purchasers embrace overseas, personal and public sector banks, and the tip consumer of its providers contains a few of the largest e-commerce firms, retail chains, NBFCs and insurance coverage firms, in accordance with data obtainable on the corporate’s web site. the corporate.

[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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