Radiowalla Network Limited IPO is an NSE SME IPO. They are going to raise ₹14.25 Crores via IPO. The issue is priced at ₹72 to ₹76 per equity share. The IPO is to be listed on NSE.
Radiowalla Network Limited IPO opens for subscription on March 27, 2024, and closes on April 02, 2024. The allotment for the Radiowalla Network Limited IPO is expected to be finalized on April 03, 2024. Radiowalla Network Limited IPO will list on NSE SME with tentative listing date fixed as April 05, 2024.
| IPO Details | allotment |
| Minimum Investment ₹121,600 /1 Lot (1600 shares) | Price Range ₹72-₹76 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹121,600 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 14.25 Cr | Employee Discount ₹0 |
| Total Issue Size 1,875,200 Shares (aggregating up to ₹14.25 Cr) | Share Holding Pree Issue 5,173,036 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 1,875,200 Shares (aggregating up to ₹14.25 Cr) | Share Holding Post Issue 7,048,236 | Listing At NSE SME |
| Market Maker Portion 112,000 Shares (Ss Corporate Securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 27 March 2024 |
| Offer Ends | 02 April 2024 |
| Allotment | 03 April 2024 |
| Refunds | 04 April 2024 |
| Credit of shares to Demat account | 04 April 2024 |
| IPO Listing | 05 April 2024 |
About Radiowalla Network Limited
Incorporated in July 2010, Radiowalla Network Limited provides in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand. The company also offer corporate radio services, which provide private radio channels for employee engagement within an organisation. Additionally, the company provides advertisement services such as digital signage solution, content management services, and point of purchase advertising to our clients. Our services are exclusively catered to the business-to-business (B2B) sector.
The company provides services directly to other businesses under a Business-to-Business (B2B) model. They have expanded their business into two verticals.
- Radio Engagement Solutions and Subscription services
- Advertisement Solutions.
| Incorporated in | Managing Director |
| 2010 | Mr. |
Share Holding
The promoters of the company are Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
| Share Holding Pre-Issue | 55.80% |
| Share Holding Post-Issue | 40.95% |
Radiowalla Network Limited IPO Prospectus
| Radiowalla Network Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,402.89 | ₹1,050.12 | ₹589.54 |
| Assets | ₹813.53 | ₹527.53 | ₹530.81 |
| Profit | ₹102.18 | ₹47.01 | ₹10.18 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 53.57 Cr | ROE | 20.62% |
| P/E (X) | 34.48 | ROCE | 21.28% |
| POST P/E (X) | 27.41 | EPS | 1.98 |
| Debt to Equity | 0.09 | RONW | 20.62% |
Objects of the Issue
The Objects of the company is to raise funds for:
- To meet out the expenses for Investment in Technology
- To meet out the Capital Expenditure for the Company
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses
Brokerage Firm IPO Review
- To be updated soon
| Radiowalla Network Limited Contact Details | |
| Address | Radiowalla Network Limited 16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052 |
| Phone: | +91 8044999917 |
| compliance@radiowalla.in | |
| Website | https://www.radiowalla.in/ |
| Radiowalla Network Limited IPO Registrar | |
| . | Maashitla Securities Private Limited |
| Phone | +91-11-45121795-96 |
| ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
| Radiowalla Network Limited IPO Allotment Status Check |
| Radiowalla Network Limited IPO Allotment Status Check Click Here |
| Radiowalla Network Limited Lead Managers | |
| Narnolia Financial Services Ltd Marble Arch, 2nd Floor, Office 201, 236b, A J C Bose Road, Kolkata 700020 | |
| Phone | 033-40501500 |
| narnoliacare@narnolia.com | |
| Website | https://www.narnolia.com/ |
Radiowalla Network Limited IPO FAQs
What is Radiowalla Network Limited IPO?
- Radiowalla Network Limited IPO is an NSE SME IPO. They are going to raise ₹14.25 Crores via IPO. The issue is priced at ₹72 to ₹76 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 27, 2024, and closes on April 02, 2024.
When Radiowalla Network Limited IPO will open?
- The IPO is to open on March 27, 2024, for QIB, NII, and Retail Investors. and closes on April 02, 2024
What is Radiowalla Network Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Radiowalla Network Limited IPO Size?
- Radiowalla Network Limited IPO size is ₹14.25 crores.
What is Radiowalla Network Limited IPO Price Band?
- Radiowalla Network Limited IPO Price Band is ₹72 to ₹76 per equity share.
What is Radiowalla Network Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹121,600. and Maximum Lot Size 1 Lots (1600 Shares) with ₹121,600
What is Radiowalla Network Limited IPO Allotment Date?
- Radiowalla Network Limited IPO allotment date is April 03, 2024.
What is Radiowalla Network Limited IPO Listing Date?
- Radiowalla Network Limited IPO listing date is April 05, 2024. The IPO to list on NSE.