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Radiowalla Network IPO vs TAC Infosec IPO

Comparison between Radiowalla Network IPO and TAC Infosec IPO.

IPO Details

Radiowalla Network IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Bookbuilding proposed to list at NSE SME.

 Radiowalla Network IPOTAC Infosec IPO
LogoRadiowalla Network IPO LogoTAC Infosec IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Radiowalla Network IPO is up to ₹13.40 Cr whereas the issue size of the TAC Infosec IPO is up to ₹28.49 Cr. The final issue price of Radiowalla Network IPO is ₹76.00 per share and of TAC Infosec IPO is ₹106.00 per share.

 Radiowalla Network IPOTAC Infosec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹72.00 per share₹100.00 per share
Issue Price (Upper)₹76.00 per share₹106.00 per share
Issue Price (Final)₹76.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size17,63,200 shares26,88,000 shares
Fresh Issue Size (Amount)up to ₹13.40 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,63,200 shares26,88,000 shares
Issue Size Total (Amount)up to ₹13.40 Crup to ₹28.49 Cr

IPO Timetable

Radiowalla Network IPO opens on Mar 27, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of Radiowalla Network IPO and TAC Infosec IPO is Apr 02, 2024, and Apr 02, 2024, respectively.

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

Financials & KPIs

Radiowalla Network IPO P/E ratio is 38.48, as compared to TAC Infosec IPO P/E ratio of 15.98.

 Radiowalla Network IPOTAC Infosec IPO
Financials

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

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,213.02977.65496.45404.00
Total Income531.101,014.28523.63516.49
Profit After Tax194.85507.2960.7561.13
Net Worth962.90768.05260.75200.00
Reserves and Surplus917.90723.05215.75155.00
Total Borrowing27.6835.9389.0622.29
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)55.8078.00
Promoter Shareholding (Post-Issue)40.9556.94
P/E Ratio38.4815.98
Market Cap₹53.57 Cr.₹111.08 Cr.
ROE20.62%22.51%
ROCE21.28%22.75%
Debt/Equity0.09
EPS₹1.98₹6.63
RoNW20.62%20.24%

Shares Offered

In the Radiowalla Network IPO Retail Individual Investors (RII) are offered 6,17,600 shares while in TAC Infosec IPO retail investors are offered 6,17,600 shares. Qualified Institutional Buyers (QIB) are offered 3,53,600 shares in Radiowalla Network IPO and 5,37,600 shares in TAC Infosec IPO.

 Radiowalla Network IPOTAC Infosec IPO
Anchor Investor Reserveration5,26,400 shares8,06,400 shares
Market Maker Reserveration1,12,000 shares1,41,600 shares
QIB3,53,600 shares5,37,600 shares
NII2,65,600 shares4,03,200 shares
RII6,17,600 shares9,40,800 shares
Employee
Others
Total17,63,200 shares26,88,000 shares

Bids Received (Subscription)

Radiowalla Network IPO subscribed 307.54x in total, whereas TAC Infosec IPO subscribed 422.03x.

 Radiowalla Network IPOTAC Infosec IPO
QIB (times)87.96x141.29x
NII (times)491.86x768.89x
Big NII (times)
Small NII (times)
RII (times)353.98x433.80x
Employee (times)
Other (times)
Total (times)307.54x422.03x