Radiowalla Network IPO, Details, GMP, Allotment Status, Lot Size, Reservation 

The first public offering (IPO) of radio services provider Radiowalla Network Ltd is scheduled for March 27, 2024. April 2, 2024, is when the SME IPO for Radiowalla Network is scheduled to end. The initial public offering pricing range for Radiowalla Network IPO is ₹72 to ₹76 per share.

Radiowalla Network IPO

The first public offering (IPO) of radio services provider Radiowalla Network Ltd is scheduled for March 27, 2024. April 2, 2024, is when the SME IPO for Radiowalla Network is scheduled to end. 

The initial public offering pricing range for Radiowalla Network is ₹72 to ₹76 per share. With the book-built issuance, a completely new issue of 18.75 lakh equity shares, the business hopes to raise ₹14.25 crore at the top end of the pricing range.

The minimum amount that individual investors must contribute is ₹121,600, and the IPO lot size is 1,600 shares. The Radiowalla initial public offering (IPO) allocation is anticipated to be completed on April 3, 2024. The company’s equity shares will be listed on NSE SME, with a provisional listing date of April 5, 2024.

Radiowalla Network concluded its fiscal year on March 31, 2023, with ₹1.02 crore in net profit and ₹14.02 crore in sales. The company’s revenue was ₹8.72 crore, while its net profit for October 2023 was ₹1.14 crore.

Radiowalla SME IPO GMP

The first public offering (IPO) of radio services provider Radiowalla Network Ltd is scheduled for March 27, 2024. April 2, 2024, is when the SME IPO for Radiowalla Network is scheduled to end.

The initial public offering pricing range for Radiowalla Network is ₹72 to ₹76 per share. With the book-built issuance, a completely new issue of 18.75 lakh equity shares, the business hopes to raise ₹14.25 crore at the top end of the pricing range.

The minimum amount that individual investors must contribute is ₹121,600, and the IPO lot size is 1,600 shares. The Radiowalla initial public offering (IPO) allocation is anticipated to be completed on April 3, 2024. 

The company’s equity shares will be listed on NSE SME, with a provisional listing date of April 5, 2024.

Radiowalla Network concluded its fiscal year on March 31, 2023, with ₹1.02 crore in net profit and ₹14.02 crore in sales. The company’s revenue was ₹8.72 crore, while its net profit for October 2023 was ₹1.14 crore.

How to check the Radiowalla IPO Allotment Status?

To check the Radiowalla IPO allotment status:

• Visit the website of the Registrar and Transfer Agent (RTA) handling the IPO process.
• Find the part on the website that deals with IPO allocation.
• Enter your application number or PAN (Permanent Account Number) to check the allotment status.
• Alternatively, you can also check the allotment status on the website of the stock exchanges where the IPO is listed.
• Once entered, you will be able to view whether shares have been allotted to you or not.

Radiowalla IPO Lot Size

A minimum of 1600 shares, as well as multiples of those shares, are up for bid. The lowest and maximum share and amount of investments made by HNIs and retail investors are shown below.

• Retail (Min): 1600 – ₹121,600
• Retail (Max): 1600 – ₹121,600
• HNI (Min): 3,200 – ₹243,200

Radiowalla IPO Reservation

15% of the net issue of Radiowalla Network is designated for non-institutional investors (NII), 35% for retail investors, and 50% for qualified institutional buyers (QIB) in the IPO.

• QIB Shares Offered: Not More than 50% of the Net Issue
• Retail Shares Offered: Not Less than 35% of the Net Issue
• NII (HNI) Shares Offered: Not Less than 15% of the Net Issue

Radiowalla IPO Objects of the Issue

The objects of the Issue are: –

• To meet the expenses for Investment in Technology
• To meet the Capital Expenditure for the Company
• To meet the Working Capital requirements of the Company
• To Meet Out the General Corporate Purposes; And
• To meet the Issue Expenses.