Radiowalla IPO vs Vruddhi Engineering Works IPO

Comparision between Radiowalla IPO and Vruddhi Engineering Works IPO.

IPO Details

Radiowalla IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	Radiowalla IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Narnolia Financial Services Ltd	Fedex Securities Pvt Ltd
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Rikhav 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 Radiowalla IPO is up to ₹14.25 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of Radiowalla IPO is ₹76.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	Radiowalla IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹72.00 per share	₹66.00 per share
Issue Price (Upper)	₹76.00 per share	₹70.00 per share
Issue Price (Final)	₹76.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	18,75,200 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹14.25 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,75,200 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹14.25 Cr	up to ₹4.76 Cr

IPO Timetable

Radiowalla IPO opens on Mar 27, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Radiowalla IPO and Vruddhi Engineering Works IPO is Apr 02, 2024, and Mar 28, 2024, respectively.

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

Financials

Radiowalla IPO P/E ratio is 38.48, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

Radiowalla IPO

Vruddhi Engineering Works IPO

Financial

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

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% 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	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

55.80%

96.34%

Promoter Shareholding (Post-Issue)

40.95%

P/E Ratio

38.48

17.13

Market Cap

₹53.57 Cr.

₹17.67 Cr.

ROE

20.62%%

16.20%%

ROCE

21.28%%

15.53%%

Debt/Equity

0.09

1.19

EPS

₹1.98

₹4.09

RoNW

20.62%%

16.20%%

Shares Offered

In the Radiowalla IPO retail investors (RII) are offered 6,17,600 shares while in Vruddhi Engineering Works IPO retail investors are offered 6,17,600 shares. Qualified institutional buyers (QIB) are offered 3,53,600 shares in Radiowalla IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	Radiowalla IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration	5,26,400 shares
Market Maker Reserveration	1,12,000 shares	36,000 shares
QIB	3,53,600 shares	3,20,000 shares
NII	2,65,600 shares	98,000 shares
RII	6,17,600 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	12,36,800 shares

Bids Received (Subscription)

Radiowalla IPO subscribed 307.54x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	Radiowalla IPO	Vruddhi Engineering Works IPO
QIB (times)	87.96x	1.05x
NII (times)	491.86x	28.14x
Big NII (times)
Small NII (times)
RII (times)	353.98x	20.10x
Employee (times)
Other (times)
Total (times)	307.54x	12.67x

Compare with others

Radiowalla IPO	Vruddhi Engineering Works IPO
Aluwind Architectural IPO	GConnect Logitech IPO
Jay Kailash Namkeen IPO	TAC Infosec IPO
Yash Optics & Lens IPO	Radiowalla IPO
GConnect Logitech IPO	Aspire & Innovative IPO
TAC Infosec IPO	Blue Pebble IPO
Aspire & Innovative IPO	Naman In-Store (India) IPO
Blue Pebble IPO	Omfurn India FPO
Vruddhi Engineering Works IPO	Vishwas Agri Seeds IPO
Naman In-Store (India) IPO	Chatha Foods IPO
Omfurn India FPO	Enser Communications IPO

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