IPO

Radiowalla Network Limited IPO

NSE SME

Listed On: Apr 5, 2024 at ₹ 120.15

₹ 121600 /1600 Shares

Check Allotment

Radiowalla Network Limited IPO Details

27 Mar, 2024

Open Date

02 Apr, 2024

Close Date

03 Apr, 2024

Allotment Date

05 Apr, 2024

Listing Date

Issue Price

₹72-76 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

List Price

120.15

Listing Date

2024-04-05

Market Lot

1600 Shares (₹121,600/-)

Lead Manager

Narnolia Financial Services Ltd

Issue Size

1,875,200 shares(aggregating up to ₹14.25 Cr)

Retail Portion

35%

Subscription

307.59 times

IPO Docs

RHP

Radiowalla Network Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved353,600 / 265,600617,6001,236,800
Day 1 - 27-03-24 06:00 PM2.02 / 3.78 x11.56 x6.88 x
Day 2 - 28-03-24 06:00 PM1.07 / 7.46 x27.54 x15.66 x
Day 3 - 01-04-24 06:00 PM1.09 / 29.02 x70.43 x41.70 x
Day 4 - 02-04-24 06:00 PM87.96 / 493.40 x353.91 x307.59 x
Total No. of Applications: 1,36,637 (Approx)

Radiowalla Network Limited Valuations

EPS Pre IPO

₹1.98/-

EPS Post IPO

₹2.77/-

P/E Pre IPO

38.48

P/E Post IPO

27.41

RoNW

20.62%

Radiowalla Network Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets813.53527.53530.81
Revenue1,402.891,050.12589.54
Profit After Tax102.1847.0110.18

About The Company

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.

1. Radio Engagement Solutions and Subscription services
2. Advertisement Solutions.

The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well.

The revenue of the company has increased from Rs. 585.05 Lakhs in the FY 2021 to Rs. 1049.91 Lakhs in FY 2022.

As of October 31, 2023, the company has 54 permanent employees.

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Radiowalla Network Limited - Promoter(s)

Pre Issue Share Holding: 55.80%

Post Issue Share Holding: 40.95%

Company Promoter(s)

  1. Mr. Anil Srivatsa
  2. Ms. Gurneet Kaur Bhatia
  3. Mr. Harvinderjit Singh Bhatia

Radiowalla Network Limited IPO - Issue Objectives

  1. To meet out the expenses for Investment in Technology
  2. To meet out the Capital Expenditure for the Company
  3. To meet out the Working Capital requirements of the Company
  4. To meet out the General Corporate Purposes
  5. To meet out the Issue Expenses.

Radiowalla Network Limited IPO - FAQs

Ans. Radiowalla Network Limited IPO is a SME IPO. The issue is priced at ₹72-76 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 27, 2024, and closes on Apr 2, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Radiowalla Network Limited IPO opens on Mar 27, 2024 and closes on Apr 2, 2024.

Ans. The size of Radiowalla Network Limited IPO is 1,875,200 shares(aggregating up to ₹14.25 Cr).

Ans. The IPO price band is set between ₹72-76 per equity share.

Ans. To apply for Radiowalla Network Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Radiowalla Network Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Radiowalla Network Limited IPO is Apr 3, 2024.

Ans. The Radiowalla Network Limited IPO will be listed on Apr 5, 2024.

Ans. Follow the steps to check the allotment status for Radiowalla Network Limited IPO here.