
Emerging SME Services · NSE
Radiowalla Network Limited, established in July 2010, has become a prominent provider of in-store radio services under a subscription-based B2B model, offering brand-exclusive radio channels, corporate radio for employee engagement, and advertisement solutions such as digital signage and point-of-purchase advertising. Expanding beyond India, the company has established a presence in the UAE, Mexico, Sri Lanka, and the Middle East. With two key verticals—Radio Engagement Solutions & Subscription Services and Advertisement Solutions—Radiowalla has demonstrated significant revenue growth, increasing from ₹585.05 lakhs in FY 2021 to ₹1,049.91 lakhs in FY 2022. As of October 31, 2023, the company employs 54 permanent professionals, reinforcing its commitment to quality service and continuous expansion in the B2B media solutions sector.
Price Band
₹72 – ₹76
Issue Size
₹14.25 Cr
Lot Size
1600 shares
GMP
+50.0%
Est. Listing
₹114
at current GMP
Subscribed
307.58x
overall
Open
27 Mar 2024
Close
2 Apr 2024
Allotment
3 Apr 2024
Refund
4 Apr 2024
Demat Credit
5 Apr 2024
Listing
5 Apr 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹76
Band: ₹72 – ₹76
Estimated Listing Price
₹114
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,21,600
Estimated Profit / Lot
₹60,800
1600 × ₹38
Grey Market Premium trend
+₹38
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹38 | 50.0% | ₹114 |
| 30 Oct 2026 | +₹38 | 50.0% | ₹114 |
| 29 Oct 2026 | +₹34 | 45.0% | ₹110 |
GMP is unofficial market data. Not a guarantee of listing performance.
Radiowalla Network Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.25 Crores. The shares are offered at a price band of ₹72 to ₹76 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-04-02, the basis of allotment is scheduled to be finalized on 2024-04-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest grey market premium for Radiowalla Network Limited IPO is ₹38, which indicates an expected listing price of ₹114.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.