243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Radiant Innovative Manufacturing Limited

New Delhi

Date of DRHP : 26 Sep 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Radiant Innovative Basic Details

   Plastic and Polymer

Sub Sector: plastic technology solution provider

Exchange:
BSE Emerge

About the Company

Radiant Innovative Manufacturing was originally incorporated on August 05, 1988 as a Private Limited Company as “Radiant Polymers Private Limited” vide Registration No. 032685 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi & Haryana. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on March 18, 2024, name of their was changed from “Radiant Polymers Private Limited” to “Radiant Innovative Manufacturing Private Limited” and a Fresh Certificate of Incorporation was issued on May 27, 2024 by the Registrar of Companies, Central Processing Center. Radiant Innovative, Radiant Innovative Manufacturing Limited is a plastic technology solution provider that specializes  in manufacturing technically complex engineering plastic components and assemblies primarily for the global  automotive industry. The company's core business revolves around manufacturing plastic automotive components and assembling them using advanced and complex manufacturing technologies such as overmolding, welding,  precision gear molding, and hybrid plastic-metal integration. Their key focus areas span across critical automotive  systems like electronics, electric mobility, powertrain, thermal management, as well as sensing and actuation systems. With over three decades of experience, we have developed comprehensive capabilities across the entire value chain - from product design support, mold design, simulation and process engineering to tool manufacturing, molding, assembly, and testing/validation. Radiant Innovative Manufacturing operates its four manufacturing facilities and one specialized tool room facility across different states in India. These plants are equipped with the latest injection molding machinery including electric, servo-hydraulic and robotic molding work cells. We possesses relevant experience in an array of complex molding technologies like overmolding, insert molding, ultrasonic welding, precision gear molding and thin-wall molding.

Financial Summary (Annualised Basis)

Revenue :
216.63 Cr.

PAT :
8.15 Cr.

Radiant Innovative IPO Lead Manager(s)

Narnolia Financial Services Limited

Radiant Innovative IPO Registrar

Skyline Financial Services Private Limited

Radiant Innovative DRHP Details

Objects of issue

  • Funding the capital expenditure for purchase of Plant & machinery, Infrastructure Development and Other Auxiliary equipment
  • Funding the capital expenditure requirement for expansion of our Manufacturing Facilities at Vani, Gujara
  • Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company
  • To meet out the General Corporate Purposes
  • To meet out the Issue Expenses

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FAQs

Radiant Innovative Manufacturing operates in Plastic and Polymer and plastic technology solution provider. The Issue would be listed on SME. The registrar of the Issue is Skyline Financial Services Private Limited. The IPO type of Radiant Innovative Manufacturing is Book Building Process and Object of issue is

  • Funding the capital expenditure for purchase of Plant & machinery, Infrastructure Development and Other Auxiliary equipment
  • Funding the capital expenditure requirement for expansion of our Manufacturing Facilities at Vani, Gujara
  • Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company
  • To meet out the General Corporate Purposes
  • To meet out the Issue Expenses

The DRHP (Draft Red Herring Prospectus) of Radiant Innovative Manufacturing IPO was filed on 26 Sep 2024.

No, Radiant Innovative Manufacturing IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Radiant Innovative Manufacturing are not available now. You can apply in Radiant Innovative Manufacturing IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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