The Radiowalla Network IPO, concluding on April 2, overwhelmed the market, achieving an oversubscription of 307.54 times. The fervour was evident across all categories of investors, with qualified institutions subscribing 87.96 times, non-institutional buyers at 491.86 times, and retail investors showing an astonishing interest at 353.98 times, according to data from chittorgarh.com.

The Bengaluru-based startup, known for its innovative approach to business radio services, sought to raise ₹14.25 crore through the issuance of 18.75 lakh fresh shares. With a price range set between ₹72 to ₹76 per share, the minimum lot size was pegged at 1600 shares.

As the investment community holds its breath, Radiowalla Network is set to disclose the allotment results for this much-anticipated IPO today, Wednesday, April 3. Eager investors can verify their allotment status through the official website of Maashitla Securities Private Limited, the issue’s registrar.

How to Check Radiowalla IPO allotment status via Maashitla Securities

Investors keen on finding out their allotment status can follow these straightforward steps:

1. Navigate to the Maashitla Securities Private Limited website.
2. On the Public Issues page, select “Radiowalla Limited” from the drop-down menu.
3. Enter your PAN, Demat Account Number, or Application Number.
4. Hit “Submit” to view your Radiowalla IPO allotment status.

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Radiowalla Network IPO Listing and Company Background

Set for a listing on the NSE SME platform on Friday, April 5, Radiowalla’s journey began in August 2011. Founded by Anil Srivatsa and Harvinderjit Bhatia, the company carved a niche by offering bespoke radio services to businesses.

Their portfolio includes custom radio channels tailored for brands, private radio channels aimed at employee engagement, and additional services like digital signage and point-of-purchase advertising. With a strong focus on B2B clientele, Radiowalla has extended its reach beyond India to countries such as the UAE, Oman, Mexico, Sri Lanka, and the Middle East, marking a significant footprint in the global business radio service industry.

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