Radiowalla Network Limited IPO
Radiowalla Network Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹72–₹76 per share. The stock debuted at ₹120.15, delivering a listing gain of 58.1%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,21,600.
Radiowalla Network Limited IPO
- IPO Dates
- Mar 27, 2024 – Apr 2, 2024
- Price band
- ₹72-76 per equity share
- Minimum Investment
- ₹1,21,600
- Issue size
- ₹14.25 Cr
- Lot size
- 1600
- Allotment Date
- Apr 3, 2024
- Listing
- Apr 5, 2024
- Listing At
- NSE SME
IPO timeline
-
Mar 27, 2024
Open Date
Completed
-
Apr 2, 2024
Close Date
Completed
-
Apr 3, 2024
Allotment Date
Completed
-
Apr 5, 2024
Listing Date
Completed
Radiowalla Network Limited IPO Essentials
Radiowalla Network Limited IPO Details
Radiowalla Network Limited IPO is priced at ₹72-76 per share with a total issue size of 14.25 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹72-76 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,875,200 shares(aggregating up to ₹14.25 Cr)
- Total issue size
- 18,75,200 shares
(aggregating up to ₹14.25 crore) - Fresh issue
- 18,75,200 shares
(aggregating up to ₹14.25 crore) - Listing at
- NSE SME
- List price
- 120.15
- Listing date
- Registrar
- Maashitla Securities Private Limited
- Lead manager
-
Narnolia Financial Services Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,21,600 |
| Retail(max) | 1 | 1600 | ₹1,21,600 |
| NII (min) | 2 | 3,200 | ₹2,43,200 |
Radiowalla Network Limited IPO Reservation
Radiowalla Network Limited IPO reservation details show category-wise allocation of shares. Out of the total 1,875,200 shares, approximately 18.86% are reserved for QIB, 14.16% for NII, 32.94% for retail investors, 5.97% for market maker, and 28.07% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 526,400 (28.07%) | |
| Market Maker Shares Offered | 112,000 (5.97%) | |
| QIB Shares Offered | 353,600 (18.86%) | |
| NII (HNI) Shares Offered | 265,600 (14.16%) | |
| Retail Shares Offered | 617,600 (32.94%) | |
| Total Shares Offered | 1,875,200 (100%) |
Radiowalla Network Limited IPO Analytics
Radiowalla Network Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Radiowalla Network Limited IPO Subscription Status
Radiowalla Network Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 353,600 / 265,600 | 617,600 | 1,236,800 |
|
Day 1
27-03-24 06:00 PM
|
(2.02 / 3.78) x | 11.56 x | 6.88 x |
|
Day 2
28-03-24 06:00 PM
|
(1.07 / 7.46) x | 27.54 x | 15.66 x |
|
Day 3
01-04-24 06:00 PM
|
(1.09 / 29.02) x | 70.43 x | 41.70 x |
|
Day 4
02-04-24 06:00 PM
|
(87.96 / 493.40) x | 353.91 x | 307.59 x |
Radiowalla Network Limited Valuations
Earnings
- EPS Pre IPO
- ₹1.98/-
- EPS Post IPO
- ₹2.77/-
- P/E Pre IPO
- 38.48
- P/E Post IPO
- 27.41
Returns
- ROE
- 20.62%
- ROCE
- 21.28%
- RoNW
- 20.62%
Fundamentals
- Debt / Equity
- 0.09
- Price / Book
- 0.65
Radiowalla Network Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 813.53 | 527.53 | 530.81 |
| Revenue | 1,402.89 | 1,050.12 | 589.54 |
| Profit After Tax | 102.18 | 47.01 | 10.18 |
| Net Worth | 335.08 | 36.37 | -10.65 |
| Reserves & Surplus | 362.09 | 58.25 | 12.11 |
| Total Borrowing | 78.74 | 69.64 | 83.04 |
Radiowalla Network Limited Company & Offer Insights
About Radiowalla Network Limited
Radiowalla Network Limited was incorporated in July 2010. The company offers in-store radio services on a subscription model, which includes a private radio channel for a brand. The company also provides corporate radio services through private radio channels for employee engagement within an organisation. In addition to the aforementioned services, the company provides advertisement services, including a digital signage solution, content management services, and point of purchase advertising to our clients. Our services are exclusively offered to the business-to-business (B2B) segment.
The company operates services directly to other businesses through a Business-to-Business (B2B) model. They have diversified their business into two verticals:
1. Radio Engagement Solutions and Subscription services
2. Advertisement Solutions.
The company is operational in countries such as UAE, Mexico, Sri Lanka and the Middle East as well.
The revenue of the company has been increased from Rs. 585.05 Lakhs in the FY 2021 to Rs. 1049.91 Lakhs in FY 2022.
The company has 54 permanent employees as of October 31, 2023.
Radiowalla Network Limited Promoter(s)
Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia, Mr. Harvinderjit Singh Bhatia are the company's promoters of Radiowalla Network Limited.
Radiowalla Network Limited IPO Issue Objectives
- •
- 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.
Contact Information
Contact Details
Radiowalla Network Limited
+91 8044999917
16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Radiowalla Network Limited IPO is a book-built IPO worth ₹14.25 crore. The price band is ₹72–₹76 per share. The IPO opens on Mar 27, 2024 and closes on Apr 2, 2024. It will be listed on NSE SME Platform. Maashitla Securities Private Limited is the registrar.
The price band of Radiowalla Network Limited IPO is ₹72 to ₹76 per share.
The lot size of Radiowalla Network Limited IPO is 1600 shares.
The minimum investment for Radiowalla Network Limited IPO is approximately ₹1,21,600 based on the upper price band .
Radiowalla Network Limited IPO opens on Mar 27, 2024 and closes on Apr 2, 2024.
The allotment date of Radiowalla Network Limited IPO is Apr 3, 2024.
Radiowalla Network Limited IPO is expected to be listed on Apr 5, 2024, on NSE SME Platform.
Radiowalla Network Limited IPO valuation snapshot: P/E 27.41, EPS ₹2.77/-, P/B 0.65, RoNW 20.62%, and market cap N/A.
To apply for Radiowalla Network Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Radiowalla Network Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Radiowalla Network Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Radiowalla Network Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Radiowalla Network Limited IPO allotment status on IPO Ji for quick and easy access.