Radiant Cash Management Services IPO: Should you apply?

About the company It provides retail cash management services to banks, financial institutions and companies. These services include collecting cash on behalf of its client from end-users (cash-pick up), providing transit services to move cash from one point to another (cash-in-transit service), ensuring the physical quality of the cash (sorting through cash for soiled and counterfeit bills), and other services required for cash management. Strengths: It has a pan-India presence with a strong network in tier 2 and tier 3 cities. As of July 31, 2022, it covers 13,044 pin codes and serves all the districts in the country except Lakshadweep. Diversified client base. The company has long-standing relationships with its clients, including some of India's largest foreign, private sector and public sector banks like HDFC Bank, Axis Bank, etc