Radiowalla IPO Subscribed 307.49 times

About Radiowalla Network IPO

Radiowalla IPO, book built issue worth Rs 14.25 crores, comprises entirely of fresh issue of 18.75 lakh shares. The subscription for IPO commenced on March 27, 2024, & concludes today, April 2, 2024. Allotment for IPO is anticipated to be finalized on Wednesday, April 3, 2024. Radiowalla IPO is slated to list on NSE SME with tentative listing date set for Friday, April 5, 2024.

Radiowalla IPO’s price band for is fixed at ₹72 to ₹76 per share. minimum lot size for application is 1600 Shares. Retail investors are required to invest minimum amount of ₹121,600. For HNIs, minimum lot size investment is 2 lots (3,200 shares), amounting to ₹243,200.

Radiowalla IPO’s book running lead manager is Narnoli Financial Services Ltd, while Maashitl Securities Private Limited is registrar for issue. Market maker for Radiowalla IPO are Ss Corporate Securities & Prabhat Financial Services.

Radiowalla IPO Final Subscription Status

Radiowalla IPO subscribed 307.49 times. public issue subscribed 353.88 times in retail category, 87.96 times in QIB, & 491.86 times in NII category by April 2, 2024 5:015PM

Subscription data for Radiowalla IPO reflects robust investor interest across all categories, indicating strong demand for company's shares.

1. Overall Subscription

IPO garnered remarkable subscription rate of 307.49 times, indicating significant oversubscription & high investor demand.

2. Category-wise Subscription

1. Retail category witnessed highest oversubscription at 353.88 times, demonstrating strong participation from individual investors.
2. Institutional investors showed considerable interest, with QIB segment oversubscribed by 87.96 times.
3. High-net-worth individuals & other non-institutional investors displayed exceptional demand, resulting in oversubscription rate of 491.86 times.

Significant oversubscription across all investor categories reflects positive market sentiment towards Radiowalla's IPO & broader IPO market. Strong demand may lead to upward pressure on IPO price, potentially resulting in higher valuation for Radiowalla. Investors should assess whether IPO price aligns with company's fundamentals. robust subscription levels indicate investor confidence in Radiowalla's business model & growth prospects, which may attract further interest from potential investors.

Radiowalla IPO Allocation Quota for Various Categories

Dat Source: NSE

How Subscription Built up for Radiowalla IPO?

Key Takeaways are:

Day 1: Modest subscription across all categories, with QIB, NII, & retail at 1.02, 3.78, & 11.56 times respectively.

Day 2: Subscription picks up significantly, especially in NII & retail categories, reaching 7.46 & 27.54 times respectively.

Day 3: Substantial increase in subscription, particularly in NII category, surging to 28.64 times, indicating growing investor interest.

Day 4: Remarkable oversubscription across all categories, with NII & retail witnessing exceptionally high demand at 491.86 & 353.88 times respectively.