The premium has been fixed at Rs 140. Post issue the equity would go up from Rs 91 lakh to Rs 10 crore. The training centres would come up in Mumbai, Ahmedabad, Pune, Delhi and more in the southern states. The issue appraisal is being done by Bank of Madura. Gujarat Venture Finance Ltd has invested in the company to the tune of Rs 2.11 crore for optionally convertible cumulative preference shares. Some of this would be converted to equity at a lower premium (compared to the IPO) and the remaining would be redeemed.

Others who have shown interest in the company are mutual funds like Kothari Pioneer and IL&FS e-comm fund. KVP Ventures will also be investing in the company. Speaking to The Financial Express Radiant chairman and managing director S Giridharan said that the aim of the company was to fall in the top four in the training segment in the next two years. The number of training centres would go upto 60 from 18 post equity. Of these 10 will be wholly owned and the remaining will be franchised. Radiant focusses on high end training for corporates, mostly short-term courses. However there were more and more students who were taking part in such training programmes.

The franchised units will be initially run by Radiant who will be sharing in the revenue to the extent of 20 per cent. The investments, marketing, administration will be undertaken by the franchisee who also starts picking up experience in the field. The centre would be handed out to franchisees after a period when the latter has fully imbibed the Radiant culture.

Radiant is also setting up training centres overseas. A subsidiary was recently established in the US, but in other countries local alliances will be firmed up. A Malay joint venture has been finalised with Vision In Practise (which has got Bhoomiputra status in Malaysia, an essential for successful operations), in which the latter will have a 51 per cent stake.