Radiowalla Network Limited IPO
NSE SMEListed On: Apr 5, 2024 at ₹ 120.15
₹ 243200 /3200 Shares
*Min Investment
27 Mar, 2024
Open Date02 Apr, 2024
Close Date03 Apr, 2024
Allotment Date05 Apr, 2024
Listing DateRadiowalla Network Limited IPO Issue Details
- Issue Price ₹72-76 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 18,75,200 shares(aggregating up to ₹14.25 crore)
- Fresh Share 18,75,200 shares(aggregating up to ₹14.25 crore)
- Listing at NSE SME
- List Price 120.15
- Listing Date 2024-04-05
- Lead Manager Narnolia Financial Services Ltd
- Registrar Maashitla Securities Private Limited
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 offers total 1,875,200 shares. Out of which 353,600 (18.86%) allocated to QIB, 265,600 (14.16%) allocated to NII,617,600 (32.94%) allocated to RII, NA (NA%) allocated to employees and 526,400 (28.07%) allocated to 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 Details
Radiowalla Network Limited IPO is an SME IPO, priced at ₹72-76 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 18,75,200 equity shares, aggregating up to ₹14.25 crores..
The IPO bidding window is open from Mar 27, 2024 to Apr 2, 2024. The allotment is expected to be finalized on Apr 3, 2024, and the tentative listing date is Apr 5, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,21,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,43,200.
Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Ss Corporate Securities Limited/Prabhat Financial Services Ltd. will act as the market maker for this issue.
Radiowalla Network Limited IPO Subscription Analysis And Details
| 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
Radiowalla Network Limited Company Financials
| 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 |
About Radiowalla Network Limited Company
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
Pre Issue Share Holding : 55.80%
Post Issue Share Holding : 40.95%
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 Details
Radiowalla Network Limited
16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
+91 8044999917
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Radiowalla Network Limited IPO is 1,875,200 shares(aggregating up to ₹14.25 Cr).
Ans. The Radiowalla Network Limited IPO price band is set between ₹72-76 per equity share.
Ans. To apply for Radiowalla Network Limited 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 Radiowalla Network Limited IPO allotment status online.
