21-Mar-2024
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Radiowalla Network offers a book-built issue, with a 100% fresh issue of 18.75 Lakhs of shares worth Rs 14.25 Cr. The price band is Rs 72 to Rs 76 per share, and the lot size for the application is 1600 shares. The investors can apply for the same from March 27, 2024 till April 2, 2024. The IPO is managed by Narnolia Financial Services Limited, the book-running lead manager, whereas Maashitla Securities Private Limited has been appointed as the registrar for the issue. The listing will be on the National Stock Exchange (NSE) SME segment.
About Radiowalla Network Limited
Radiowalla Network Limited is in the business of customer engagement services, which includes in-store radio services (exclusive radio channel for a brand) on a subscription model basis, corporate radio (private radio channels for employee engagement in organisation) and advertisement services which include digital signage solution, content management services and point of purchase advertising to our clients. The Company exclusively cater to the business-to-business (B2B) sector.
Primary Objectives of public issue of Radiowalla Network IPO
The Company proposes to utilise the funds to meet the capital expenditure for the Company, the expenses for Investment in Technology, the Working Capital requirements of the Company, to meet the issue expenses and other general corporate purposes.
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Financial Performance of Radiowalla Network Limited (In Rs Lakhs)
The Company reported its net revenue of 14.03 Cr and Profit after Tax of 1.02 Cr, which increased by 33.59% and 117.36%, respectively, for the year ended March 31, 2023.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 883.29 | 813.53 | 527.53 | 530.81 |
| Revenue | 871.99 | 1,402.89 | 1,050.12 | 589.54 |
| Profit After Tax | 113.99 | 102.18 | 47.01 | 10.18 |
| Net Worth | 552.75 | 335.08 | 36.37 | -10.65 |
| Reserves and Surplus | 576.16 | 362.09 | 58.25 | 12.11 |
| Total Borrowing | 52.05 | 78.74 | 69.64 | 83.04 |
Essential Details of Radiowalla Network IPO 2024
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | 5-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 72 to Rs 76 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,875,200 shares (aggregating up to Rs 14.25 Cr) |
| Fresh Issue | 1,875,200 shares (aggregating up to Rs 14.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 5,173,036 |
| Shareholding post issue | 7,048,236 |
| Market Maker Portion | 1,12,000 Shares |
| SS Corporate Securities |
Tentative Timetable of Radiowalla Network IPO 2024
Radiowalla Network IPO will open for subscription on March 27, 2024, and close on April 2, 2024.
| IPO Open Date | March 27, 2024 |
| IPO Close Date | April 2, 2024 |
| Basis of Allotment | April 3, 2024 |
| Initiation of Refunds | April 4, 2024 |
| Credit of Shares to Demat | April 4, 2024 |
| Listing Date | April 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
Radiowalla Network IPO Lot Size
A minimum of 1600 shares, i.e. 1 lot and in multiples thereof, can be purchased by investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | Rs. 121,600 |
| Retail (Max) | 1 | 1600 | Rs. 121,600 |
| HNI (Min) | 2 | 3200 | Rs. 243,200 |
Reservation of Radiowalla Network IPO
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator of Radiowalla Network Limited
| KPI | Values |
| ROE | 20.62% |
| ROCE | 21.28% |
| Debt/Equity | 0.09 |
| RoNW | 20.62% |
| P/BV | 0.65 |
Promoter Holding of Radiowalla Network Limited IPO
| Shareholding Pre Issue | 55.80% |
| Shareholding Post Issue | 40.95% |
Promoter of the Radiowalla Network Limited
The promoters of the Company are Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
Lead Manager(s) of Radiowalla Network IPO 2024
The lead manager(s) of Radiowalla Network IPO 2024 is Narnolia Financial Services Limited.
How to Apply for Radiowalla Network Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Radiowalla Network Limited IPO with Bigul.
How to Check Allotment Status of Radiowalla Network Limited IPO 2024
The registrar for Radiowalla Network Limited IPO 2024 is Maashitla Securities Private Limited. You can check your allotment status by clicking here.
FAQs
- When is the IPO scheduled to open and close?
Radiowalla Network IPO is scheduled to open on March 27, 2024. Investors can apply for the same until its closing date, which is April 2, 2024.
- What will be the price band for the IPO?
Radiowalla Network Limited IPO price band is decided from Rs 72 to Rs 76 per share, an investor can bid from that given price range, for the maximum probability of getting allotted an investor should bid the maximum price of the given band range.
- What are the main objectives of this IPO?
The Company proposes to utilise the funds to meet the capital expenditure for the Company, the expenses for Investment in Technology, the Working Capital requirements of the Company, to meet the issue expenses and other general corporate purposes.
- How has Radiowalla Network Limited performed financially?
The Company reported its net revenue of 14.03 Cr and Profit after Tax of 1.02 Cr, which increased by 33.59% and 117.36%, respectively, for the year ended March 31, 2023.
- What are the key performance indicators of Radiowalla Network Limited?
Key performance indicators reported a ROE of 20.62%, a ROCE of 21.28% and a RoNW of 20.62%.
- How can I apply for the Radiowalla Network IPO?
Once the Radiowalla Network Limited IPO opens for subscription, you can apply for it by clicking here with us on bigul.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Radiowalla Network IPO by visiting here.
- Who are the promoters of Radiowalla Network Limited?
The promoters of Radiowalla Network Limited are Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
- Where will the IPO be listed?
The IPO will be listed on the National Stock Exchange (NSE) SME Segment.
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