Radiowalla Network Limited IPO (Radiowalla Network IPO)

Radiowalla Network Limited IPO
Upcoming Radiowalla Network IPO | New Radiowalla Network IPO

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

Radiowalla Network IPO – Details

IPO Opening Date27 March 2024
IPO Closing Date02 April 2024
Issue TypeBook Built Issue IPO
Issue Size18,75,200 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterMaashitla Securities Private Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Radiowalla Network IPO – Date Schedule

IPO Open Date27 March 2024
IPO Close Date02 April 2024
Basis of Allotment03 April 2024
Initiation of Refund04 April 2024
Credit of Shares to Demat Account04 April 2024
IPO Listing Date05 April 2024
Cut-off time for UPI mandate confirmation5 PM on April 02, 2024

Radiowalla Network IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,21,600
Retail (Maximum)11600₹1,21,600
HNI (Minimum)23200₹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.
Radiowalla Network IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20215.895.880.100.83
31 March 202210.5010.050.470.69
31 March 202314.0212.941.020.78
30 September 20238.717.621.130.52
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)1.982.77
P/E (x)38.4827.41

Radiowalla Network IPO Promoter Holding

Pre Issue Share Holding55.80%
Post Issue Share Holding40.95%

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

Radiowalla Network IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Radiowalla Network IPO Lead Manager(s)

1. Narnolia Financial Services Ltd

Radiowalla Network IPO FAQs

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.
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