Radiowalla Network Limited provides in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand.
The company also offer corporate radio services, which provide private radio channels for employee engagement within an organization. Additionally, the company provides advertisement services such as digital signage solution, content management services, and point of purchase advertising to our clients. Our services are exclusively catered to the business-to-business (B2B) sector.
The company provides services directly to other businesses under a Business-to-Business (B2B) model.
They have expanded their business into two verticals:
- Radio Engagement Solutions and Subscription services.
- Advertisement Solutions.
The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well. As of October 31, 2023, the company has 54 permanent employees.
Radiowalla Network IPO – Details
| IPO Opening Date | 27 March 2024 |
| IPO Closing Date | 02 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,75,200 Shares Worth ₹14.25 Crore Fresh Issue: 18,75,200 Shares Worth ₹14.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 – ₹76 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Radiowalla Network IPO – Date Schedule
| IPO Open Date | 27 March 2024 |
| IPO Close Date | 02 April 2024 |
| Basis of Allotment | 03 April 2024 |
| Initiation of Refund | 04 April 2024 |
| Credit of Shares to Demat Account | 04 April 2024 |
| IPO Listing Date | 05 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 02, 2024 |
Radiowalla Network IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,21,600 |
| Retail (Maximum) | 1 | 1600 | ₹1,21,600 |
| HNI (Minimum) | 2 | 3200 | ₹2,43,200 |
Competitive Strengths
- Leveraging the experience of company’s Promoters.
- Experienced management team and a motivated and efficient work force.
- Integrated Business Model.
- Cordial relations with their customers.
- Quality Deliverables.
- Favorable Government policies.
Company Promoters
- Mr. Anil Srivatsa
- Ms. Gurneet Kaur Bhatia
- Mr. Harvinderjit Singh Bhatia
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 5.89 | 5.88 | 0.10 | 0.83 |
| 31 March 2022 | 10.50 | 10.05 | 0.47 | 0.69 |
| 31 March 2023 | 14.02 | 12.94 | 1.02 | 0.78 |
| 30 September 2023 | 8.71 | 7.62 | 1.13 | 0.52 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.62% |
| ROCE | 21.28% |
| Debt/Equity | 0.09 |
| RoNW | 20.62% |
| P/BV | 0.65 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.98 | 2.77 |
| P/E (x) | 38.48 | 27.41 |
Radiowalla Network IPO Promoter Holding
| Pre Issue Share Holding | 55.80% |
| Post Issue Share Holding | 40.95% |
Radiowalla Network IPO Prospectus
Company Contact Information
| 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/ |
Radiowalla Network IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Radiowalla Network IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd |
Radiowalla Network IPO FAQs
| What is Radiowalla Network IPO? Radiowalla Network IPO is a SME IPO. The issue is priced at ₹72 – ₹76 per equity share. The IPO is to be listed on NSE SME. |
| When Radiowalla Network IPO will open? The IPO is to open on 27 March 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Radiowalla Network IPO? You can apply for Radiowalla Network IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Radiowalla Network IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Radiowalla Network”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Radiowalla Network IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Radiowalla Network”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Radiowalla Network IPO Size? Radiowalla Network IPO size is ₹14.25 crores. |
| What is Radiowalla Network IPO Price Band? Radiowalla Network IPO Price Band is ₹72 – ₹76. |
| What is Radiowalla Network IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,21,600 amount while the maximum bid is 1600 shares with ₹1,21,600. |
| What is the Radiowalla Network IPO Allotment Date? Radiowalla Network IPO allotment date is 03 April 2024. |
| What is the Radiowalla Network IPO Listing Date? Radiowalla Network IPO listing date is 05 April 2024. The IPO is to list on NSE SME. |
