Radiant Innovative IPO is a book-built issue.
Narnolia Financial Services Limited is acting as the book running lead manager, while Skyline Financial Services Private Limited has been appointed as the registrar to the issue.
Radiant Innovative IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used for funding the capital expenditure for purchase of plant and machinery, infrastructure development and other auxiliary equipment.
- Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company.
- Investment will go into funding the capital expenditure requirement for expansion of our Manufacturing Facilities at Vani, Gujarat
- Remaining funds will be used for general corporate purposes.
About Radiant Innovative Limited
Radiant Innovative Manufacturing Limited is a plastic technology solutions provider specializing in the production of technically complex engineering plastic components and assemblies for the global automotive industry.
The company focuses on manufacturing plastic automotive components and integrating them through advanced processes such as overmolding, welding, precision gear molding, and hybrid plastic-metal assembly.
Its offerings are applied across various automotive systems, including electronics, electric mobility, powertrain, thermal management, and sensing and actuation systems.
With over three decades of operational experience, the company has developed capabilities across the entire manufacturing value chain. This includes product design support, mold design, simulation, process engineering, tool manufacturing, molding, assembly, and testing or validation. Radiant Innovative Manufacturing Limited operates four manufacturing facilities and one specialized tool room across different states in India.
These facilities are equipped with modern injection molding machinery, including electric, servo-hydraulic, and robotic molding work cells. The company has experience with multiple molding technologies, such as overmolding, insert molding, ultrasonic welding, precision gear molding, and thin-wall molding.
The company maintains a customer base that spans automotive OEMs and Tier-1 suppliers, both within India and internationally. Its products are supplied across five continents—Asia, Africa, North America, South America, and Europe—where exports form a significant part of its business.
Radiant Innovative Manufacturing Limited combines its technological capabilities, manufacturing infrastructure, and industry experience to provide engineering plastic components and assemblies that meet the specific requirements of the automotive sector.
Industry Outlook
- The trade and investment environment is supported by stable external sector conditions and improving consumer sentiment in key markets such as Europe and the United States.
- Government initiatives and policy support continue to strengthen domestic economic activity, including infrastructure development, capital expenditure, and measures to stabilize inflation.
- The overall outlook for FY25 indicates sustained domestic demand, continued industrial and service sector growth, and positive trends in exports and investment inflows.
- Inflation remains moderate, supported by favorable food prices, government measures, and expectations of normal monsoon rainfall, which could further stabilize commodity prices and maintain consumption growth.
- Faster-than-expected declines in energy prices, driven by higher non-OPEC oil production and natural gas output, contributed to easing inflationary pressures.
How To Apply for the Radiant Innovative IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Radiant Innovative IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Radiant Innovative IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Radiant Innovative Limited
Registered office: Unit No. 412-413, Best Business Park, Plot No. P2, Netaji Subhash Place, New Delhi, New Delhi, 110034
Phone: 011-45952200
E-mail:investors@radiantiml.com
Radiant Innovative IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50% of the Net Offer |
|
NII (HNI) Shares |
Not less than 15% of the Net Offer |
|
Retail Shares |
Not less than 35% of the Net Offer |
|
Total Shares |
100.00% |
Radiant Innovative IPO Promoter Holding
The promoters of the company include Mr. Nitin Bahl and Mr. Nalin Bahl.
|
Share Holding Pre-Issue |
55.18% |
|
Share Holding Post Issue |
39.29% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Radiant Innovative IPO
|
KPI |
Value |
|
ROE (%) |
15.23 |
|
RoCE (%) |
20.68 |
|
Debt/Equity |
0.62 |
|
RoNW (%) |
15.23 |
Radiant Innovative IPO Prospectus
Radiant Innovative IPO Registrar and Lead Managers
Radiant Innovative IPO Lead Managers
- Narnolia Financial Services Ltd.
Registrar for Radiant Innovative IPO
Skyline Financial Services Private Limited
- Contact Number: 02228511022
- Email Address: compliances@skylinerta.com
- IPO Registrar Website: https://www.skylinerta.com/ipo.php
Know before investing
Strengths
8Experienced promoter and management team with two decades of automotive industry experience.
Skilled and qualified employees supporting effective planning and execution for company growth.
Diversified and stable customer portfolio across India and five continents, reducing dependency on any single client.
Ability to assist customers using latest technologies and optimized use of facilities, equipment, and materials.
Manufacturing of technically complex plastic components using advanced technologies like overmolding, welding, precision gear molding, and hybrid plastic-metal integration.
Consistent quality and service standards supported by well-defined processes across all stages of production.
Compliance with critical quality requirements, including heat and water resistance for automotive applications.
Advanced machinery and technology adoption, including electric, servo-hydraulic, and robotic molding work cells, along with CAD software for precision design and prototyping.
Risks
8High dependence on technology, where any disruption or system failure could affect operations.
Exposure to changes in regulations, regulatory frameworks, or economic policies in India or abroad.
Dependence on the ability to retain skilled personnel.
Performance may be impacted by competitors’ actions and strategies.
Sensitivity to significant developments in India’s economic and fiscal policies.
Vulnerability to volatility in domestic and global capital markets.
Potential operational disruptions due to reliance on complex and specialized production technologies.
Results may be influenced by external macroeconomic and geopolitical uncertainties affecting supply chains or demand.
Radiant Innovative Limited Peer Comparison
| Company Name | Revenue FY 2023-24 (₹ lakh) | EBITDA Margin (%) | EBITDA (₹ lakh) | PAT FY 2023-24 (₹ lakh) |
|---|---|---|---|---|
| Radiant Innovative Manufacturing Limited | 21,531.39 | 11.92 | 2,566.55 | - |
| PPAP Automotive Limited | 50,386.22 | 9.45 | - | - |
| Machino Plastics Limited | 33,773.93 | 7.73 | - | - |
