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
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,135.72	6,256.99	5,328.01	3,492.07
Revenue	17,710.29	34,620.10	25,558.30	10,833.44
Profit After Tax	393.28	530.85	437.36	227.75
Net Worth	1,944.53	1,551.25	1,020.39	520.98
Reserves and Surplus	833.53	1,440.15	909.29	519.98
Total Borrowing	1,160.89	881.53	111.02	55.91
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 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)

98.84%

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

Compare with others

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

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