Naman In-Store (India) IPO vs Radiowalla IPO

Comparision between Naman In-Store (India) IPO and Radiowalla IPO.

IPO Details

Naman In-Store (India) 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.

	Naman In-Store (India) 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	GYR Capital Advisors Private Limited	Narnolia Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Giriraj Stock Broking 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 Naman In-Store (India) IPO is up to ₹25.35 Cr whereas the issue size of the Radiowalla IPO is up to ₹14.25 Cr. The final issue price of Naman In-Store (India) IPO is ₹89.00 per share and of Radiowalla IPO is ₹76.00 per share.

	Naman In-Store (India) IPO	Radiowalla IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹84.00 per share	₹72.00 per share
Issue Price (Upper)	₹89.00 per share	₹76.00 per share
Issue Price (Final)	₹89.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	28,48,000 shares	18,75,200 shares
Fresh Issue Size (Amount)	up to ₹25.35 Cr	up to ₹14.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,48,000 shares	18,75,200 shares
Issue Size Total (Amount)	up to ₹25.35 Cr	up to ₹14.25 Cr

IPO Timetable

Naman In-Store (India) IPO opens on Mar 22, 2024, while Radiowalla IPO opens on Mar 27, 2024. The closing date of Naman In-Store (India) IPO and Radiowalla IPO is Mar 27, 2024, and Apr 02, 2024, respectively.

	Naman In-Store (India) IPO	Radiowalla IPO
Anchor Bid Date	Mar 21, 2024	Mar 26, 2024
Issue Open	Mar 22, 2024	Mar 27, 2024
Issue Close	Mar 27, 2024	Apr 02, 2024
Basis Of Allotment (Tentative)	Mar 28, 2024	Apr 03, 2024
Initiation of Refunds (Tentative)	Apr 01, 2024	Apr 04, 2024
Credit of Share (Tentative)	Apr 01, 2024	Apr 04, 2024
Listing date (Tentative)	Apr 02, 2024	Apr 05, 2024
Anchor Lockin End date 1	Apr 27, 2024	May 03, 2024
Anchor Lockin End date 2	Jun 26, 2024	Jul 02, 2024

Financials

Naman In-Store (India) IPO P/E ratio is 17.95, as compared to Radiowalla IPO P/E ratio of 38.48.

Naman In-Store (India) IPO

Radiowalla IPO

Financial

Naman In-Store (India) Limited Financial Information (Restated)

Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% 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		5,598.94	3,074.09	1,693.00
Revenue	7,929.71	14,993.50	5,108.94	1,341.28
Profit After Tax	618.89	381.71	21.25	5.08
Net Worth	1,203.48	584.59	202.88	131.64
Reserves and Surplus		488.94	53.48	41.64
Total Borrowing	3,166.06	2,944.09	1,883.91	1,023.91
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)

100.00

55.80%

Promoter Shareholding (Post-Issue)

40.95%

P/E Ratio

17.95

38.48

Market Cap

₹93.88 Cr.

₹53.57 Cr.

ROE

69.22%%

20.62%%

ROCE

24.51%%

21.28%%

Debt/Equity

0.09

EPS

₹4.96

₹1.98

RoNW

51.42%%

20.62%%

Shares Offered

In the Naman In-Store (India) IPO retail investors (RII) are offered 9,47,200 shares while in Radiowalla IPO retail investors are offered 9,47,200 shares. Qualified institutional buyers (QIB) are offered 5,40,800 shares in Naman In-Store (India) IPO and 3,53,600 shares in Radiowalla IPO.

	Naman In-Store (India) IPO	Radiowalla IPO
Anchor Investor Reserveration	8,11,200 shares	5,26,400 shares
Market Maker Reserveration	1,42,400 shares	1,12,000 shares
QIB	5,40,800 shares	3,53,600 shares
NII	4,06,400 shares	2,65,600 shares
RII	9,47,200 shares	6,17,600 shares
Employee	0 shares	0 shares
Others
Total	18,94,400 shares	12,36,800 shares

Bids Received (Subscription)

Naman In-Store (India) IPO subscribed 309.03x in total, whereas Radiowalla IPO subscribed 307.54x.

	Naman In-Store (India) IPO	Radiowalla IPO
QIB (times)	109.75x	87.96x
NII (times)	528.12x	491.86x
Big NII (times)
Small NII (times)
RII (times)	328.80x	353.98x
Employee (times)
Other (times)
Total (times)	309.03x	307.54x

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