Ashok Rathi

Radiowala IPO Date, Price, Review | IPO Status GMP Analysis

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
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.

Radiowala IPO Details
Radiowala IPO Details

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.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium
If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker
If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

Radiowala IPO Registrar :

Maashitla Securities Private Limited
Phone: +91-11-45121795-96

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


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