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Aluwind Architectural IPO vs Radiowalla Network IPO

Comparison between Aluwind Architectural IPO and Radiowalla Network IPO.

IPO Details

Aluwind Architectural IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Radiowalla Network IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aluwind Architectural IPORadiowalla Network IPO
LogoAluwind Architectural IPO LogoRadiowalla Network IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorpwis Advisors Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aluwind Architectural IPO is up to ₹28.22 Cr whereas the issue size of the Radiowalla Network IPO is up to ₹13.40 Cr. The final issue price of Aluwind Architectural IPO is ₹45.00 per share and of Radiowalla Network IPO is ₹76.00 per share.

 Aluwind Architectural IPORadiowalla Network 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size62,70,000 shares17,63,200 shares
Fresh Issue Size (Amount)up to ₹28.22 Crup to ₹13.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,70,000 shares17,63,200 shares
Issue Size Total (Amount)up to ₹28.22 Crup to ₹13.40 Cr

IPO Timetable

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

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

Financials & KPIs

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

 Aluwind Architectural IPORadiowalla Network IPO
Financials

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,907.144,086.533,232.742,177.73
Total Income4,142.974,900.622,925.132,139.29
Profit After Tax372.83270.0578.8076.92
Net Worth2,069.531,702.561,429.871,041.33
Reserves and Surplus1,816.091,449.131,417.801,030.56
Total Borrowing993.98707.52638.92436.06
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 Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets883.29813.53527.53530.81
Total Income871.991,402.891,050.12589.54
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)98.2255.80
Promoter Shareholding (Post-Issue)72.1340.95
P/E Ratio30.4138.48
Market Cap₹111.81 Cr.₹53.57 Cr.
ROE19.77%20.62%
ROCE24.55%21.28%
Debt/Equity0.480.09
EPS₹1.48₹1.98
RoNW19.77%20.62%

Shares Offered

In the Aluwind Architectural IPO Retail Individual Investors (RII) are offered 31,35,000 shares while in Radiowalla Network IPO retail investors are offered 31,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Aluwind Architectural IPO and 3,53,600 shares in Radiowalla Network IPO.

 Aluwind Architectural IPORadiowalla Network IPO
Anchor Investor Reserveration5,26,400 shares
Market Maker Reserveration3,30,000 shares1,12,000 shares
QIB3,53,600 shares
NII31,35,000 shares2,65,600 shares
RII31,35,000 shares6,17,600 shares
Employee
Others
Total62,70,000 shares17,63,200 shares

Bids Received (Subscription)

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

 Aluwind Architectural IPORadiowalla Network IPO
QIB (times)87.96x
NII (times)5.23x491.86x
Big NII (times)
Small NII (times)
RII (times)10.71x353.98x
Employee (times)
Other (times)
Total (times)8.19x307.54x