Radiowalla IPO vs TAC Infosec IPO

Comparision between Radiowalla IPO and TAC Infosec IPO.

IPO Details

Radiowalla IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Book Built Issue proposed to list at NSE SME.

	Radiowalla IPO	TAC Infosec 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	Narnolia Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Maashitla Securities Private Limited	Skyline Financial Services Private Ltd
Market Maker	Ss Corporate Securities Limited	Spread X Securities Private 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 Radiowalla IPO is up to ₹14.25 Cr whereas the issue size of the TAC Infosec IPO is up to ₹29.99 Cr. The final issue price of Radiowalla IPO is ₹76.00 per share and of TAC Infosec IPO is ₹106.00 per share.

	Radiowalla IPO	TAC 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)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	18,75,200 shares	28,29,600 shares
Fresh Issue Size (Amount)	up to ₹14.25 Cr	up to ₹29.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,75,200 shares	28,29,600 shares
Issue Size Total (Amount)	up to ₹14.25 Cr	up to ₹29.99 Cr

IPO Timetable

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

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

Financials

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

Radiowalla IPO

TAC Infosec 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

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,213.02	977.65	496.45	404.00
Revenue	531.10	1,014.28	523.63	516.49
Profit After Tax	194.85	507.29	60.75	61.13
Net Worth	962.90	768.05	260.75	200.00
Reserves and Surplus	917.90	723.05	215.75	155.00
Total Borrowing	27.68	35.93	89.06	22.29
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

55.80%

78.00%

Promoter Shareholding (Post-Issue)

40.95%

56.94%

P/E Ratio

38.48

15.98

Market Cap

₹53.57 Cr.

₹111.08 Cr.

ROE

20.62%%

22.51%%

ROCE

21.28%%

22.75%%

Debt/Equity

0.09

EPS

₹1.98

₹6.63

RoNW

20.62%%

20.24%%

Shares Offered

In the Radiowalla IPO retail 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 IPO and 5,37,600 shares in TAC Infosec IPO.

	Radiowalla IPO	TAC Infosec IPO
Anchor Investor Reserveration	5,26,400 shares	8,06,400 shares
Market Maker Reserveration	1,12,000 shares	1,41,600 shares
QIB	3,53,600 shares	5,37,600 shares
NII	2,65,600 shares	4,03,200 shares
RII	6,17,600 shares	9,40,800 shares
Employee	0 shares	0 shares
Others
Total	12,36,800 shares	18,81,600 shares

Bids Received (Subscription)

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

	Radiowalla IPO	TAC Infosec IPO
QIB (times)	87.96x	141.29x
NII (times)	491.86x	768.89x
Big NII (times)
Small NII (times)
RII (times)	353.98x	433.80x
Employee (times)
Other (times)
Total (times)	307.54x	422.03x

Compare with others

Radiowalla IPO	TAC Infosec IPO
Aluwind Architectural IPO	K2 Infragen 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
Aspire & Innovative IPO	Radiowalla 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

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