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Aspire & Innovative IPO vs Radiowalla IPO

Comparision between Aspire & Innovative IPO and Radiowalla IPO.

IPO Details

Aspire & Innovative IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Radiowalla IPO is a SME Book Built Issue proposed to list at NSE SME.

  Aspire & Innovative IPO Radiowalla IPO
Logo Aspire & Innovative IPO Logo Radiowalla IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Narnolia Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Maashitla Securities Private Limited
Market Maker Hem Finlease Private Limited Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹21.97 Cr whereas the issue size of the Radiowalla IPO is up to ₹14.25 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of Radiowalla IPO is ₹76.00 per share.

  Aspire & Innovative IPO Radiowalla IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share ₹72.00 per share
Issue Price (Upper) ₹54.00 per share ₹76.00 per share
Issue Price (Final) ₹54.00 per share ₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 40,68,000 shares 18,75,200 shares
Fresh Issue Size (Amount) up to ₹21.97 Cr up to ₹14.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 40,68,000 shares 18,75,200 shares
Issue Size Total (Amount) up to ₹21.97 Cr up to ₹14.25 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while Radiowalla IPO opens on Mar 27, 2024. The closing date of Aspire & Innovative IPO and Radiowalla IPO is Mar 28, 2024, and Apr 02, 2024, respectively.

  Aspire & Innovative IPO Radiowalla IPO
Anchor Bid Date Mar 22, 2024 Mar 26, 2024
Issue Open Mar 26, 2024 Mar 27, 2024
Issue Close Mar 28, 2024 Apr 02, 2024
Basis Of Allotment (Tentative) Apr 01, 2024 Apr 03, 2024
Initiation of Refunds (Tentative) Apr 02, 2024 Apr 04, 2024
Credit of Share (Tentative) Apr 02, 2024 Apr 04, 2024
Listing date (Tentative) Apr 03, 2024 Apr 05, 2024
Anchor Lockin End date 1 May 01, 2024 May 03, 2024
Anchor Lockin End date 2 Jun 30, 2024 Jul 02, 2024

Financials

Aspire & Innovative IPO P/E ratio is 11.3, as compared to Radiowalla IPO P/E ratio of 38.48.

  Aspire & Innovative IPO Radiowalla IPO
Financial

Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)

Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,135.726,256.995,328.013,492.07
Revenue17,710.2934,620.1025,558.3010,833.44
Profit After Tax393.28530.85437.36227.75
Net Worth1,944.531,551.251,020.39520.98
Reserves and Surplus833.531,440.15909.29519.98
Total Borrowing1,160.89881.53111.0255.91
Amount in ₹ Lakhs

Radiowalla Network Limited Financial Information (Restated Consolidated)

Radiowalla Network Limited's revenue increased by 33.59% and profit after tax (PAT) rose by 117.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets883.29813.53527.53530.81
Revenue871.991,402.891,050.12589.54
Profit After Tax113.99102.1847.0110.18
Net Worth552.75335.0836.37-10.65
Reserves and Surplus576.16362.0958.2512.11
Total Borrowing52.0578.7469.6483.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 98.84% 55.80%
Promoter Shareholding (Post-Issue) 72.35% 40.95%
P/E Ratio 11.3 38.48
Market Cap ₹81.96 Cr. ₹53.57 Cr.
ROE 22.50%% 20.62%%
ROCE 18.59%% 21.28%%
Debt/Equity 0.6 0.09
EPS ₹4.78 ₹1.98
RoNW 20.22%% 20.62%%

Shares Offered

In the Aspire & Innovative IPO retail investors (RII) are offered 13,54,000 shares while in Radiowalla IPO retail investors are offered 13,54,000 shares. Qualified institutional buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 3,53,600 shares in Radiowalla IPO.

  Aspire & Innovative IPO Radiowalla IPO
Anchor Investor Reserveration 11,56,000 shares 5,26,400 shares
Market Maker Reserveration 2,04,000 shares 1,12,000 shares
QIB 7,74,000 shares 3,53,600 shares
NII 5,80,000 shares 2,65,600 shares
RII 13,54,000 shares 6,17,600 shares
Employee 0 shares 0 shares
Others
Total 27,08,000 shares 12,36,800 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 15.17x in total, whereas Radiowalla IPO subscribed 307.54x.

  Aspire & Innovative IPO Radiowalla IPO
QIB (times) 5.21x 87.96x
NII (times) 25.60x 491.86x
Big NII (times)
Small NII (times)
RII (times) 16.39x 353.98x
Employee (times)
Other (times)
Total (times) 15.17x 307.54x

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