Radiowalla Network IPO GMP Today: Last Day To Apply! Check Latest Subscription Status, Allotment Date And Other Details (image source: Canva)
Radiowalla Network IPO GMP Today: The initial public offering(IPO) of Radiowalla Network opened its subscription window on March 27 and the IPO is scheduled to close its subscription window today on April 02, 2024. For interested investors today is the last day to apply for IPO. Check the latest GMP, subscription status, allotment date and other details here before applying.
Radiowalla Network IPO GMP Today: Check Latest GMP
According to multiple unlisted market tracking websites. The grey market price(GMP) of Radiowalla Network price ranges from Rs 40 To Rs 43 per share.
Radiowalla Network IPO Subscription Status
The Radiowalla IPO garnered a subscription rate of 51.35 times, in the retail category, the public issue witnessed a remarkable subscription of 85.99 times, Meanwhile, in the Qualified Institutional Buyer (QIB) category, the subscription rate reached 1.12 times, and in the Non-Institutional Investor (NII) category, it stood at 37.69 times as of April 2, 2024, at 10:17:53 AM.
Radiowalla Network IPO Issue Size
Radiowalla IPO, a book-built issue valued at Rs 14.25 crores, comprises an entirely fresh issue of 18.75 lakh shares.
Radiowalla Network IPO Price Band
The price band for the Radiowalla IPO is fixed at Rs 72 to Rs 76 per share,
Radiowalla Network IPO Lot Size And Minimum Investment
The minimum lot size is 1600 shares for Radiowalla Network IPO application. Retail investors are required to invest a minimum amount of Rs 121,600, while High Net Worth Individuals (HNIs) need to apply for 2 lots (3,200 shares), amounting to Rs 243,200.
Radiowalla Network IPO Allotment Date
The allotment process for the Radiowala IPO is slated for finalization on Wednesday, April 3, 2024.
Radiowalla Network IPO Listing Date
Radiowalla IPO is scheduled to list on NSE SME, with a tentative listing date set for Friday, April 5, 2024.
Radiowalla Network IPO Registrar And Book Running Lead Manager
Narnolia Financial Services Ltd serves as the book-running lead manager for the Radiowalla IPO, while Maashitla Securities Private Limited is appointed as the registrar for the issue. The market makers for the Radiowalla IPO are Ss Corporate Securities and Prabhat Financial Services.
About Radiowalla Network
Radiowalla Network Limited was established in July 2010, and specializes in providing in-store radio services on a subscription model basis, offering exclusive radio channels tailored to specific brands. Additionally, the company offers corporate radio services, facilitating private radio channels for employee engagement within organizations. Moreover, Radiowalla provides advertisement services such as digital signage solutions, content management services, and point-of-purchase advertising, catering exclusively to the business-to-business (B2B) sector. Operating under a Business-to-Business (B2B) model, the company has expanded its business into two distinct verticals: Radio Engagement Solutions and Subscription Services, and Advertisement Solutions. Radiowalla’s services extend beyond borders, reaching countries like the UAE, Mexico, Sri Lanka, and the Middle East. Notably, the company’s revenue has seen significant growth, rising from Rs. 585.05 Lakhs in FY 2021 to Rs. 1049.91 Lakhs in FY 2022. As of October 31, 2023, Radiowalla Network Limited boasts a workforce of 54 permanent employees, contributing to its operational capabilities and growth trajectory.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
