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

DRHP RHP


The IPO of Radiowalla Network Limited is priced at ₹72-76 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Maashitla Securities Private Limited is the registrar of the issue.

Radiowalla Network Limited IPO bid opening date is from Mar 27, 2024 and the bid closing date was Apr 2, 2024.
Radiowalla Network Limited IPO allotment result will be available on Apr 3, 2024. The tentative listing date for Radiowalla Network Limited is Apr 5, 2024.

The total issue size is 1,875,200 shares(aggregating up to ₹14.25 Cr).

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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

ROE

20.62%

ROCE

21.28%

Debt/Equity

0.09

RoNW

20.62%

Price to Book Value

0.65

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
Net Worth335.0836.37-10.65
Reserves & Surplus362.0958.2512.11
Total Borrowing78.7469.6483.04

About The 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.

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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.

Other Details

Company Contact Details

Radiowalla Network Limited

16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052

Phone: +91 8044999917

Email: compliance@radiowalla.in

Website: https://www.radiowalla.in/

Registrar Contact Details

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Email: Investor.ipo@maashitla.com

Website: https://maashitla.com/allotment-status/public-issues

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.