Radiowala IPO Details Date, Price, Review, IPO Status GMP Analysis. Radiowala Network Limited was incorporated in 2010. Radiowala IPO subscription open from 27 March 2024 and issue closes on 2 April 2024. IPO Face value is Rs.10. IPO Issue bid size is between Rs.72 to Rs.76 per share. The minimum lot size is 1600 shares per lot.
Maashitla Securities Private Limited is the registrar of this IPO and Narnolia Financial Services is the book running lead manager of Radiowala Network Limited, While SS Corporate Securities and Prabhat Financial services are market maker of this IPO.
Radiowala IPO Details Price
| Company Name | Radiowala Network Limited |
| IPO Open Date | 27 March 2024 |
| IPO Close Date | 2 April 2024 |
| Face Value | Rs.10 per share |
| Lot Size | 1600 Shares |
| Price Band | ₹72 to ₹76 per share |
| Issue Type | Book Built Issue IPO |
| Fresh Issue | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
| Total Issue Size | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
| Share Holding Pre Issue | 5,173,036 |
| Share Holding Post Issue | 7,048,236 |
| Listing at | NSE SME |
| Market Maker of Radiowala IPO |
Prabhat Financial Services SS Corporate Securities 1,12000 shares |
| Listing Date | 5 April 2024 |
Radiowala IPO Timeline
Radiowala IPO issue opens on 27 March on closes on 2 April 2024. Here is the tentative timeline of Radiowala Network Limited IPO.
| Company Name | Radiowala Network Limited | SME IPO |
| IPO Open Date | Wednesday | 27 March 2024 |
| IPO Close Date | Tuesday | 2 April 2024 |
| Cut Off Time UPI Payment | Tuesday | 5pm on 2 April 2024 |
| Basis of Allotment | Wednesday | 3 April 2024 |
| Refunds Initiation | Thursday | 4 April 2024 |
| Shares Credit in Demat Acc. | Thursday | 4 April 2024 |
| Listing Date | Friday | 5 April 2024 |
Radiowala IPO Reservation for Investors
For all IPO Investors Categories of Radiowala Network Limited IPO reservation is announced such as for QIB(Qualified Institutional Bidders), HNI(High Net worth Individuals), Retail Investors and Anchor Investors Shares Offered.
Radiowala offers total 18,75200 shares in which 18.86%(353600 shares) to QIB, 14.16%(2,65600 share) to NII, 32.94%(6,17600 shares) to Retail and 28.07%(5,26400 shares) to Anchor Investor)
| Investor Category | Shares Offered |
|---|---|
| QIB Investor shares offered | 3,53600 shares(18.86) |
| Retail Investor shares offered | 6,17600 shares(32.94%) |
| NII shares offered | 2,65600(14.16%) |
| Anchor Investor shares offered | 5,26400(28.07%) |
| Market maker shares offered | 1,12000(5.97%) |
| Total shares offered | 18,75200 shares(100%) |
Radiowala IPO Lot Size :
Radiowala IPO lot size – investor can apply for minimum of 1600 shares per lot and in multiples thereof. Here below is given the tables of minimum and maximum investment in shares allotment or in terms of amount investment of every investor.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 1600 shares | ₹1,21600 |
| Retail Maximum | 1 lot | 1600 shares | ₹1,21600 |
| Small HNI Minimum | 2 lot | 3200 shares | ₹2,43200 |
Radiowalla IPO Anchor Investors lock In Period Details : Radiowala Anchor investor bid opens on 26 march and company aims to raise Rs.4.00 crore from anchor investors. Total 5,26400 shares is offered to Anchor investors. Anchor investor lock in period will be 30 days which ends on 3rd may 2024 for 50% shares, And remaining shares lock in period will be for 90 days which ends on 2nd July 2024.
Brief Intro about Radiowala Network Limited
Founded in July 2010, Radiowalla Network Limited offers subscription-based in-store radio services, including a brand-exclusive radio channel. Additionally, the business offers corporate radio services, which give employers access to private radio channels for staff engagement. In addition, the business offers its clients advertising services such point-of-purchase advertising, content management, and digital signage solutions. We only provide our services to the business-to-business (B2B) market.
The company uses a business-to-business (B2B) model, whereby it offers services directly to other businesses. Their company has grown into two new verticals.
1. Services for subscriptions and radio engagement solutions 2. Advertisement Solutions.
The organization provides its services not just in the Middle East but also in the United Arab Emirates, Mexico, and Sri Lanka.
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Radiowala IPO Registrar :
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Radiowala IPO FAQ
When Radiowala IPO Will Open ? It opens on 27 March 2024.
What is Radiowala IPO ? The SME IPO initial public offering (IPO) of 18,75000 equity shares with a face value of ₹10 represents ₹14.25 crores.
The share price of the issue ranges from ₹72 to ₹76. There is a 1600 share minimum order quantity. IPO opens on 27 March 2024 and closes on April 2, 2024. The initial public offering registrar is Maashitla Securities Private Limited. It is suggested that the shares be listed on the NSE SME.
What is the lot size of Radiowala IPO ? 1600 shares per lot is the lot size of Radiowala Network limited IPO.
When is allotment date of Radiowala IPO? 3rd April is the share allotment date of this IPO.
When is listing date of Radiowala IPO? 5th April 2024 is the listing date of Radiowala IPO.
How to apply for Radiowala IPO Subscription ?
There are some simple steps to follow
- First go to your brokers website and login there
- 2nd after login see the IPO section and click there
- 3rd click the Radiowala IPO Service Bid button here
- 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
- 5th Now visit your UPI app page and approve the amount transaction.
- 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application