Radiowalla IPO on Day 1 Surpasses Expectations with 6.11x Subscription

Radiowalla Network Limited's IPO receives strong Day 1 response, subscribed 6.11 times, showcasing market confidence in its prospects in radio broadcasting.
Radiowalla IPO on Day 1 Surpasses Expectations with 6.11x Subscription

Radiowalla Network Limited’s IPO witnessed a solid response on its first day, garnering a subscription rate of 6.11 times the issue size. This robust initial interest reflects significant market confidence in the company’s prospects within the radio broadcasting sector.

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How To Check Radiowalla Network Limited IPO Subscription Status? 

Steps to check the IPO allotment status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the SRM Contractors Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Radiowalla Network Limited IPO Allotment Status

The allotment date for the Radiowalla Network Limited IPO is set for April 3, 2024, with shares priced at a range of ₹72 to ₹76 per share and a face value of ₹10. The offering consists of lots of 1600 shares, with bids accepted for these lots or their multiples.

Radiowalla Network Limited IPO Listing Date 

The anticipated listing date for Radiowalla Networks Limited on the NSE SME is April 5, 2024.

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