Aluwind Architectural IPO vs Radiowalla IPO

Comparision between Aluwind Architectural IPO and Radiowalla IPO.

IPO Details

Aluwind Architectural 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.

	Aluwind Architectural IPO	Radiowalla IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corpwis Advisors Private Limited	Narnolia Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Nnm Securities Private Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aluwind Architectural IPO is up to ₹29.70 Cr whereas the issue size of the Radiowalla IPO is up to ₹14.25 Cr. The final issue price of Aluwind Architectural IPO is ₹45.00 per share and of Radiowalla IPO is ₹76.00 per share.

	Aluwind Architectural IPO	Radiowalla IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹72.00 per share
Issue Price (Upper)		₹76.00 per share
Issue Price (Final)	₹45.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	66,00,000 shares	18,75,200 shares
Fresh Issue Size (Amount)	up to ₹29.70 Cr	up to ₹14.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,00,000 shares	18,75,200 shares
Issue Size Total (Amount)	up to ₹29.70 Cr	up to ₹14.25 Cr

IPO Timetable

Aluwind Architectural IPO opens on Mar 28, 2024, while Radiowalla IPO opens on Mar 27, 2024. The closing date of Aluwind Architectural IPO and Radiowalla IPO is Apr 04, 2024, and Apr 02, 2024, respectively.

	Aluwind Architectural IPO	Radiowalla IPO
Anchor Bid Date		Mar 26, 2024
Issue Open	Mar 28, 2024	Mar 27, 2024
Issue Close	Apr 04, 2024	Apr 02, 2024
Basis Of Allotment (Tentative)	Apr 05, 2024	Apr 03, 2024
Initiation of Refunds (Tentative)	Apr 08, 2024	Apr 04, 2024
Credit of Share (Tentative)	Apr 08, 2024	Apr 04, 2024
Listing date (Tentative)	Apr 09, 2024	Apr 05, 2024
Anchor Lockin End date 1		May 03, 2024
Anchor Lockin End date 2		Jul 02, 2024

Financials

Aluwind Architectural IPO P/E ratio is 30.41, as compared to Radiowalla IPO P/E ratio of 38.48.

Aluwind Architectural IPO

Radiowalla IPO

Financial

Aluwind Architectural Limited Financial Information (Restated)

Aluwind Architectural Limited 's revenue increased by 67.54% and profit after tax (PAT) rose by 242.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,907.14	4,086.53	3,232.74	2,177.73
Revenue	4,142.97	4,900.62	2,925.13	2,139.29
Profit After Tax	372.83	270.05	78.80	76.92
Net Worth	2,069.53	1,702.56	1,429.87	1,041.33
Reserves and Surplus	1,816.09	1,449.13	1,417.80	1,030.56
Total Borrowing	993.98	707.52	638.92	436.06
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 Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	883.29	813.53	527.53	530.81
Revenue	871.99	1,402.89	1,050.12	589.54
Profit After Tax	113.99	102.18	47.01	10.18
Net Worth	552.75	335.08	36.37	-10.65
Reserves and Surplus	576.16	362.09	58.25	12.11
Total Borrowing	52.05	78.74	69.64	83.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.22%

55.80%

Promoter Shareholding (Post-Issue)

72.13%

40.95%

P/E Ratio

30.41

38.48

Market Cap

₹111.81 Cr.

₹53.57 Cr.

ROE

19.77%%

20.62%%

ROCE

24.55%%

21.28%%

Debt/Equity

0.48

0.09

EPS

₹1.48

₹1.98

RoNW

19.77%%

20.62%%

Shares Offered

In the Aluwind Architectural IPO retail investors (RII) are offered 31,35,000 shares while in Radiowalla IPO retail investors are offered 31,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Aluwind Architectural IPO and 3,53,600 shares in Radiowalla IPO.

	Aluwind Architectural IPO	Radiowalla IPO
Anchor Investor Reserveration		5,26,400 shares
Market Maker Reserveration	3,30,000 shares	1,12,000 shares
QIB	0 shares	3,53,600 shares
NII	31,35,000 shares	2,65,600 shares
RII	31,35,000 shares	6,17,600 shares
Employee	0 shares	0 shares
Others
Total	62,70,000 shares	12,36,800 shares

Bids Received (Subscription)

Aluwind Architectural IPO subscribed 8.19x in total, whereas Radiowalla IPO subscribed 307.54x.

	Aluwind Architectural IPO	Radiowalla IPO
QIB (times)		87.96x
NII (times)	5.23x	491.86x
Big NII (times)
Small NII (times)
RII (times)	10.71x	353.98x
Employee (times)
Other (times)
Total (times)	8.19x	307.54x

Compare with others

Aluwind Architectural IPO	Radiowalla IPO
Ramdevbaba Solvent IPO	Aluwind Architectural IPO
Teerth Gopicon IPO	Jay Kailash Namkeen IPO
DCG Cables & Wires IPO	Yash Optics & Lens IPO
Creative Graphics Solutions India IPO	GConnect Logitech IPO
K2 Infragen IPO	TAC Infosec IPO
Jay Kailash Namkeen IPO	Aspire & Innovative IPO
Yash Optics & Lens IPO	Blue Pebble IPO
GConnect Logitech IPO	Vruddhi Engineering Works IPO
TAC Infosec IPO	Naman In-Store (India) IPO
Radiowalla IPO	Omfurn India FPO

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