Radiowalla Network IPO Details ( Radiowalla Network Limited IPO Review )
(27 Mar 2024 – 2 Apr 2024)
Radiowalla Network Limited started back in July 2010. We provide radio services for stores. It’s like having your own radio channel just for your brand. We also help companies with their own radio channels for their employees. Besides that, we help with advertising too, like digital signs and ads right where people buy things. We focus on helping other businesses, not regular people.
We’ve grown our business in two main areas:
- Making radio channels and subscription services for businesses.
- Helping with advertisements.
We don’t just work in one place. We offer our services in different countries like the UAE, Mexico, Sri Lanka, and the Middle East.
Our revenue has been going up. In the financial year 2022, we made Rs. 1049.91 Lakhs, up from Rs. 585.05 Lakhs in 2021.
As of October 31, 2023, we have 54 people working with us full-time.
Radiowalla Network Limited IPO Competitive Strength
- Adapt and Experienced Management Team
- Global Presence
- Multi- Lingual Content
- Empanelment with Directorate of Advertising and Visual Publicity (DAVP) which has now integrated into Central Bureau of Communication (CBC)
- Understanding client preferences and service upgradation
- Established client base and partnerships with major retailers
- Established operations and proven track record
Radiowalla Network IPO Financials Performance ( Results )
Radiowalla Network Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 530.81 | 589.54 | 10.18 | -10.65 | 12.11 | 83.04 |
| 31-Mar-22 | 527.53 | 1,050.12 | 47.01 | 36.37 | 58.25 | 69.64 |
| 31-Mar-23 | 813.53 | 1,402.89 | 102.18 | 335.08 | 362.09 | 78.74 |
| 31-Oct-23 | 883.29 | 871.99 | 113.99 | 552.75 | 576.16 | 52.05 |
Objective of Radiowalla Network IPO Issue
- 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; and
- To meet out the Issue Expenses.
Radiowalla Network IPO Basic Details
| IPO Date | Mar 27, 2024 to Apr 2, 2024 |
| Listing Date | Friday, April 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,875,200 shares of ₹10 (aggregating up to ₹14.25 Cr) |
| Fresh Issue | 1,875,200 shares of ₹10 (aggregating up to ₹14.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,173,036 |
| Share holding post issue | 7,048,236 |
| Company Promoters | Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia |
Radiowalla Network IPO Reservation
| Anchor Investor Shares Offered | 28.07% of the Net Issue |
| Market Maker Shares Offered | 5.97% of the Net Issue |
| QIB Shares Offered | 18.86% of the Net Issue |
| NII (HNI) Shares Offered | 14.16% of the Net Issue |
| Retail Shares Offered | 32.94% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Radiowalla IPO Timetable
Radiowalla IPO will open on March 27, 2024 and close on April 2, 2024. You can join Radiowalla IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 March 2024 (Wednesday) |
| Closing Date | 2 April 2024 (Tuesday) |
| Basis of Allotment | 3 April 2024 (Wednesday) |
| Initiation of Refunds | 4 April 2024 (Thursday) |
| Credit of Shares to Demat | 4 April 2024 (Thursday) |
| Listing Date | 5 April 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 2 April 2024 |
Radiowalla Network IPO Lot Size
For retail investors in Radiowalla Network IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹121,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| S-HNI (Min) | 2 | 3200 | ₹243,200 |
Radiowalla Network IPO Promoter Holding
The company’s promoters include Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
| Pre Issue Share Holding | 55.80% |
| Post Issue Share Holding | 40.95% |
Radiowalla Network Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 53.57 |
| Earning Per Share (EPS) | ₹24.51 per Equity Share |
| Net Asset Value (NAV) | ₹132.52 per Equity Share |
| P/E Ratio (P/E) (x) | 38.48 |
| Post P/E Ratio (P/E) (x) | 27.41 |
| Return on Net Worth (RoNW) (%) | 20.62 |
| Return on equity (ROE) (%) | 20.62 |
| Return on Capital Employed (ROCE) (%) | 21.28 |
| Debt/Equity Ratio | 0.09 |
| Price/Book Value Ratio | 0.65 |
Radiowalla Network Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Radiowalla Network IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹38 | – | – |
| 4 April 2024 | ₹38 | – | – |
| 3 April 2024 | ₹38 | – | – |
Radiowalla Network IPO Detail Video:
link
Radiowalla Network IPO Subscription Status (Bidding Detail)
The Radiowalla Network IPO on April 2, 2024 at 7:00:20 PM was subscribed 307.54 times, with the retail category being subscribed 353.98 times, the NII (Non-Institutional Investor) category being subscribed 491.86 times, QIB (Qualified-Institutional Buyers) category being subscribed 87.96 times.
| Category | Subscription |
| QIB | 87.96x |
| NII | 491.86x |
| Retail | 353.98x |
| Total | 307.54x |
Radiowalla Network IPO Prospectus
| Radiowalla Network IPO DRHP | Download |
| Radiowalla Network IPO RHP | Download |
| Radiowalla Network IPO Anchor Investors Details PDF | Download |
Radiowalla Network IPO Rating
| Our Rating | 3.0/5.0 |
Radiowalla Network Company Contact Information
Radiowalla Network Limited
Registered Office: 16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052.
Tel: +91 8044999917
Fax: N.A.
Website: www.radiowalla.in
E-mail: compliance@radiowalla.in
Company Secretary and Compliance Officer: Ms. Kiran Gurnani
Our Promoters: Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia
Radiowalla Network IPO Registrar
Maashitla Securities Private Limited
Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034, India
Telephone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Person: Mr. Mukul Agrawal
SEBI Registration Number: INR000004370
Radiowalla Network IPO Lead Manager
Narnolia Financial Services Limited
Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West Bengal- 700020, India
Telephone: +91-8130678743;
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Contact Person: Mr. Pankaj Pasi
SEBI Registration Number: INM000010791
Radiowalla Network IPO FAQs
What is the lot size of Radiowalla Network IPO?
The total size of Radiowalla Network IPO is ₹14.25 crores and this is a complete fresh Issue.
When will Radiowalla Network IPO start?
Radiowalla Network IPO will open from 27 March 2024 and IPO will close on 2 April 2024.
What is the open date of Radiowalla Network IPO?
Radiowalla Network IPO will open date from 27 March 2024.
What is the last date ( close date ) of Radiowalla Network IPO?
Radiowalla Network IPO will close from 2 April 2024.
What is the price band of Radiowalla Network IPO?
Radiowalla Network IPO price band is ₹72 to ₹76. ( Upper Price Band: ₹76, Lower Price Band: ₹72 )
What is the minimum amount required to apply for Radiowalla Network IPO?
The minimum investment for retailers to apply for Radiowalla Network IPO is ₹121,600 and the maximum investment is ₹121,600.
What is going on gray market premium of Radiowalla Network IPO?
View gray market premium of Radiowalla Network IPO by Clicking Here
How much is the GMP of Radiowalla Network IPO?
Watch Radiowalla Network IPO GMP Today: Click Here
What is the allotment date of Radiowalla Network IPO?
The allotment date of Radiowalla Network IPO is 3 April 2024.
How to check allotment status in Radiowalla Network IPO?
To check the allotment status of Radiowalla Network IPO, first of all go to the registrar website by clicking here, select your bad Radiowalla Network IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Radiowalla Network IPO?
The listing date of Radiowalla Network IPO is 5 April 2024.
How much will be the listing gain in Radiowalla Network IPO?
View listing gain of Radiowalla Network IPO by Clicking Here
How much time Radiowalla Network IPO is subscribed?
Total 307.54 times subscribed in Radiowalla Network IPO out of which 353.98 times subscription was done in retail quota, 491.86 times subscription in NII quota and 87.96 times subscription in QIB quota.
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