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Radiowalla Network IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Bangalore and caters to Advertising And Media sector. Narnolia Financial Services is the merchant banker of Radiowalla Network IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th December 2023.
Radiowalla Network IPO open date is 27th March 2024 and close date is 2nd April 2024. IPO Allotment Date is 3rd April 2024 and Listing date is 5th April 2024.Radiowalla Network IPO size is Rs 14.25 Cr. crores with IPO price of Rs 76.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Narnolia Financial Services Limited is the book-running lead manager of the Radiowalla Network IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for Radiowalla Network IPO.
Radiowalla Network IPO anchor investors are the below investors. The number of anchor investors in this IPO is 3.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 217,600.00 | ₹76.00 | ₹16,537,600.00 |
| Bengal Finance and | 156,800.00 | ₹76.00 | ₹11,916,800.00 |
| Nova Global Opportunities | 152,000.00 | ₹76.00 | ₹11,552,000.00 |
Radiowalla Network IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Radiowalla Network IPO, based in Bangalore, operates in the Advertising And Media sector with a focus on radio on a subscription basis and digital sinage. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Radiowalla Network IPO size is ₹ 14.25 Cr. Crores with fresh issue size of Rs 14.25 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Radiowalla Network IPO is expected to be 3rd April 2024, after the finalization of basis of allotment. Investors can check Radiowalla Network IPO allotment status on the registrars website, Maashitla Securities Private Limited. Radiowalla Network IPO refund dates are 4th April 2024.
Radiowalla Network IPO is expected to be listed on 5th April 2024.
The upper price band for the Radiowalla Network IPO is set at ₹ 76.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Radiowalla Network IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Radiowalla Network IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 2nd April 2024. After submission, funds are blocked until the basis of allotment of Radiowalla Network IPO is finalised.
The merchant banker for Radiowalla Network IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Radiowalla Network IPO RHP for further details.
The registrar for Radiowalla Network IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Radiowalla Network IPO through their official website or helpline.
Radiowalla Network IPO was subscribed 307.54 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 14.25 Cr.
Avg IPO Size (Sector Based)
:
₹ 24.70 Cr.
Sector: Advertising And Media
SME IPO so far:
23
Merchant Banker:
Narnolia Financial
SME IPO by BRLM so far:
47
City:
Bangalore
SME IPO so far:
27
Revenue (annualised):
₹ 14.95 cr.
PE
Ratio:
27.41x
Average Sector PE Ratio: 16.89x
Radiowalla Network IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Radiowalla Network Financial Review Page
Merchant Banker(s) of Radiowalla Network IPO: Narnolia Financial Services Limited
Radiowalla Network IPO subscription was 307.54 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Radiowalla Network IPO listed at a listing price of 126.15 against the offer price of 76.00.
The current market price of Radiowalla Network is 87.00.
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