Radiowalla Network Limited
ListedSMEEmerging 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
₹38
+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 12 days ago
Overall Subscription
307.58x
Total Demand
QIB Multiplier
87.96x
Institutions & Funds
NII / HNI
492.28x
High Net-Worth
Retail (RII)
353.88x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 353,600 | 31,102,400 | 87.96x |
| NIB | 265,600 | 130,750,400 | 492.28x |
| RETAIL | 617,600 | 218,558,400 | 353.88x |
| Total | 1,236,800 | 380,411,200 | 307.58x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 410 | 145,091 | 353.88x |
| HNIs (10L +) | 3 | 1,477 | 492.28x |
| HNIs (2-10L) | 13 | 6,400 | 492.28x |
| Total Applications | 426 | 152,968 | 359.08x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Radiowalla Network Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Radiowalla Network Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Radiowalla Network Limited IPO is ₹38 per equity share. Based on the upper price band of ₹72 to ₹76 per equity share, the estimated listing price is ₹114 (+50.0% expected listing gain).
What is the expected profit per lot for Radiowalla Network Limited IPO?
With a lot size of 1600 shares and current GMP of ₹38, the expected profit per application lot is approx ₹60,800 (+50.0% gain). Minimum application cost is approx ₹1,21,600.
What is the issue size and price band for Radiowalla Network Limited IPO?
The Radiowalla Network Limited IPO aggregate issue size is ₹14.25 Crores with an equity price band set at ₹72 to ₹76 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,21,600.
How can I check Radiowalla Network Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 307.58x (Retail: 353.88x, QIB: 87.96x, NII: 492.28x). You can track live multiples directly on our dedicated subscription page.
Where and when will Radiowalla Network Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2024-04-03. Investors can verify status using PAN card or application number.
When is the listing date for Radiowalla Network Limited IPO?
Radiowalla Network Limited shares are scheduled to list on NSE on 2024-04-05.