Radiant Innovative Manufacturing IPO Details
Radiant Innovative Manufacturing IPO Summary
Radiant Innovative Manufacturing IPO DRHP (Draft Red Herring Prospectus) has been Exchange Approval Received.
Offer for Sale consists of 6,00,000 shares (aggregating up to ₹0.00 Cr.).
Radiant Innovative Manufacturing IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
The Lead Managers for Radiant Innovative Manufacturing IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Narnolia Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Radiant Innovative Manufacturing Limited DRHP.
Radiant Innovative Manufacturing IPO Details
Radiant Innovative Manufacturing IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
Radiant Innovative Manufacturing IPO Reservation
Promoter Holding
Documents
Radiant Innovative Manufacturing IPO Valuations
Radiant Innovative Manufacturing Financial Information
| 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 | 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 | |||
About Radiant Innovative Manufacturing IPO
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:
- Hybrid and Ice Powertrain: The company provides advanced components for hybrid and ICE powertrains, including fuel tanks, pumps, valves, and sensors.
- Thermal Management: The company provides thermal management components, including radiators, fans, thermostats, and electric water pumps for vehicles.
- Sensing, Control, and Actuation: The company provides engineered components like sensors, pedals, actuators, and latch housings for various industries.
- Electric Mobility: The company supplies essential components like bus bars, insulators, and connectors for electric vehicles.
Services:
- Design and engineering service
- Prototyping or sampling service
- Tool development
As of July 31, 2024, the company has employed 586 permanent employees.
Competitive Strengths:
- Experienced promoter, management and employees
- Diversified and Stable Customer Portfolio
- Manufacturer of Complex Products with high technology capabilities
- Consistency in Quality and Service Standards
- Advance machineries and product technologies
Strength Of Radiant Innovative Manufacturing IPO
Risk Of Radiant Innovative Manufacturing IPO
Objectives Radiant Innovative Manufacturing IPO
1. Funding the capital expenditure for purchase of Plant & machinery, Infrastructure Development and Other Auxiliary equipment
2. Funding the capital expenditure requirement for expansion of our Manufacturing Facilities at Vani, Gujarat
3. Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company;
4. General Corporate Purposes
Company Contact Details
Radiant Innovative Manufacturing Ltd.
Unit No. 412-413, Best Business Park,
Plot No. P2,
Netaji Subhash Place,
New Delhi, New Delhi, 110034
Phone: 011-45952200
Email: investors@radiantiml.com
Website: http://www.radiantiml.com/
Registrar Contact Details
Market Maker
Radiant Innovative Manufacturing FAQs
The Radiant Innovative Manufacturing IPO is a SME public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at TBA.
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