Radiowalla IPO will open for subscription from 27 March 2024. The company aims for an issue size of ₹14.25 Cr through this IPO.
Company Overview
| Full name | Radiowalla Network Limited |
| Sector | Information Technology |
| Industry | E-Commerce |
| Company Website | https://www.radiowalla.in/ |
About Company
Radiowalla Network specializes in providing customer engagement services, which encompass in-store radio services (providing exclusive radio channels for brands) on a subscription model basis, corporate radio (creating private radio channels for employee engagement within organizations), and advertisement services. These advertisement services include digital signage solutions, content management services, and point-of-purchase advertising for clients. The company exclusively caters to the business-to-business (B2B) sector.
The company extends its services to countries such as UAE, Mexico, Sri Lanka, and the Middle East as well. The company’s revenue increased from INR 5.85 crore in FY 2021 to INR 10.50 crore in FY 2022. In FY 2023, the company recorded a revenue of INR 13.99 crore, and for the period ended 31 October 2023, it reported a revenue of INR 8.72 crore based on consolidated financials. As of 31 October 2023, the company employs 54 permanent employees.
The Objectives of the Issue
- To meet the expenses for Investment in Technology
- To meet the Capital Expenditure for the Company and Issue Expenses.
- For Working Capital requirements of the Company
- General Corporate Purposes
Radiowalla IPO Timetable
| IPO Opening date | 27 March 2024 |
| IPO Closing | 02 April 2024 |
| Basis of Allotment | 03 April 2024 |
| Initiation Refund | 04 April 2024 |
| Credit to Demat Account | 04 April 2024 |
| Listing Date | 05 April 2024 |
Radiowalla IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹14.25 Cr – 1,875,200 shares |
| Fresh Issue | ₹14.25 Cr – 1,875,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 112,000 shares |
| Shareholding pre-issue | 5,173,036 |
| Shareholding post-issue | 7,048,236 |
| Listing Exchange | NSE SME |
Radiowalla IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |
Radiowalla IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Radiowalla Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 5.85 | 10.50 | 13.99 | 8.72 |
| Expenses | 5.89 | 10.06 | 12.95 | 7.63 |
| Net income | 0.10 | 0.47 | 1.02 | 1.14 |
Radiowalla Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.41 | 11.16 | 24.25 |
| PE ratio | – | – | 2.97 – 3.13 |
| RONW (%) | 95.57 | 129.28 | 30.49 |
| NAV | (2.53) | 8.63 | 79.52 |
| ROCE (%) | 202.92 | 113.40 | 35.86 |
| EBITDA (%) | 5.20 | 7.02 | 10.87 |
| Debt/Equity | (7.80) | 1.92 | 0.23 |
Company Promoters
- Mr. Anil Srivatsa
- Ms. Gurneet Kaur Bhatia
- Mr. Harvinderjit Singh Bhatia
Promoter Holding
| Pre Issue Share Holding | 55.80% |
| Post Issue Share Holding | 40.95% |
Radiowalla IPO Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Radiowalla Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Radiowalla Contact Details
RADIOWALLA NETWORK LIMITED
16A, Basement Floor, Maratha Bhavan,
Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
Phone: +91 8044999917
E-mail: compliance@radiowalla.in
Website: www.radiowalla.in
Radiowalla IPO Allotment Status
Radiowalla IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
Radiowalla IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
