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SME IPO Status: Listed [27th Mar 2024 to 2nd Apr 2024]
Radiowalla IPO, a SME IPO of ₹14.25 Cr was launced on 27-03-2024 to 02-04-2024 and the shares got listed on NSE SME on 05-04-2024.
The public issue of Radiowalla IPO (RADIOWALLA) was offered at ₹76.00 per share and the ipo was listed at ₹120.15. It has delivered listing gain of 58.09%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 70640.00 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Mar 2024 |
| SME IPO Issue Closing Date: | 2nd Apr 2024 |
| SME IPO Issue Price: | ₹72.00-76.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not Less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹14.25 Cr |
| Fresh Issue: | ₹14.25 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 55.80% |
| Promoter Holding Post IPO: | 40.95% |
| Allotment Status: | Allotment Status |
| NSE Code: | RADIOWALLA |
Get important updates regarding Radiowalla SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Apr 2024 |
| Refunds Initiation* | 4th Apr 2024 |
| Credit of Shares to Demat* | 4th Apr 2024 |
| SME IPO Listing Date* | 5th Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹72.00-76.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹121600 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-04-2024 | 76.00 | 38 | 46200 | ₹114 (50%) | 5-Apr-2024 10:27 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Radiowalla Network Limited was founded in July 2010. The company provides customer engagement services including in-store radio services (exclusive radio channel for a brand) on a subscription basis, corporate radio (private radio channels for employee engagement in organisations) and advertising services that include digital signage solutions, content management services and point-of-sale advertising for their clients. They exclusively serve the business-to-business (B2B) sector.
In the business radio segment, the company provides audio services to various clients, including shopping malls, retailers and hospitals, and caters to their background sound requirements. The company offers background music services that include a selection of music to enhance the atmosphere in various spaces. They offer AI-driven playlists with constantly updated music.
they offer Digital Out of Home Advertising (DOOH) and static branding opportunities. Digital Out of Home Advertising (DOOH) is a contemporary advertising approach where they deploy commercial-grade digital steles, video walls, LED displays, touchscreen kiosks and monitors for their clients and oversee the management of their content. They create a platform for brand visibility and engagement and implement strategies that involve direct interaction with the target audience. These activities aim to increase brand awareness and generate valuable leads for their clients.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Media & Entertainment | ₹14.25 Cr | https://www.radiowalla.in/ |
The objects of the Issue are: -
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 353,600 (28.59%) | 265,600 (21.47%) | 617,600 (49.94%) | 1,236,800 | |
| 1 | 27th Mar 2024 19:31 | 1.02x | 3.78x | 11.56x | 6.88x |
| 2 | 28th Mar 2024 19:31 | 1.07x | 7.46x | 27.54x | 15.66x |
| 3 | 1st Apr 2024 19:31 | 1.09x | 28.64x | 71.62x | 42.23x |
| 4 | 2nd Apr 2024 18:23 | 87.96x | 491.86x | 353.98x | 307.54x |
Radiowalla Network Limited's revenue increased by 33.59% and profit after tax (PAT) rose by 117.36% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 883.29 | 813.53 | 527.53 | 530.81 |
| Revenue | 871.99 | 1,402.89 | 1,050.12 | 589.54 |
| Profit After Tax | 113.99 | 102.18 | 47.01 | 10.18 |
| Net Worth | 552.75 | 335.08 | 36.37 | -10.65 |
| Reserves and Surplus | 576.16 | 362.09 | 58.25 | 12.11 |
| Total Borrowing | 52.05 | 78.74 | 69.64 | 83.04 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Radiowalla Network Limited | 24.51 | 24.51 | 95.93 | 18.5 |
Last Updated on 09-Apr-2024 07:02:50
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Radiowalla SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Radiowalla SME IPO with Zerodha.
Alternate approch to apply in Radiowalla SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Radiowalla SME IPO Review and Important Updates
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To subscribe or apply in Radiowalla SME IPO, you can use the following methods:
| Radiowalla SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Radiowalla SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Radiowalla SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Radiowalla SME IPO. Most of the Syndicate Banks provide access to apply in Radiowalla IPO via ASBA process. You must have your net banking access, DP ID information to apply in Radiowalla SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Radiowalla SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Radiowalla SME IPO Review and Important Updates
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Radiowalla SME IPO is going to be list on 05-04-2024. NSE Code for Radiowalla is RADIOWALLA.
Other relevant questions:
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Radiowalla SME IPO Allotment Date is 03-04-2024.
Other relevant questions:
Radiowalla SME IPO share allotment date?Radiowalla SME IPO allotment date?
