Radiant Cash Management Services share sale via initial public offering (IPO) will open on Friday, December 23 and close on Tuesday, December 27. The company is planning to raise Rs 388 crore from the IPO and consists of an offer for sale worth Rs 328 crore by its promoters and shareholders and fresh issue of Rs 60 crore. The company has reserved 50 per cent of shares in the IPO for qualified institutional buyers (QIBs), which consist of financial institutions like banks, mutual funds and insurance companies. 15 per cent of shares in the IPO are reserved for non-institutional investors and 35 per cent for retail individual investors.