Radiowalla IPO

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 nameRadiowalla Network Limited
SectorInformation Technology
Company Website

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 date27 March 2024
IPO Closing02 April 2024
Basis of Allotment03 April 2024
Initiation Refund04 April 2024
Credit to Demat Account04 April 2024
Listing Date05 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 2, 2024)

Radiowalla IPO details

Issue typeBook Built Issue IPO
IPO issue size₹14.25 Cr – 1,875,200 shares
Fresh Issue₹14.25 Cr – 1,875,200 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹72 to ₹76 per share
Lot size1600 Shares
Market Maker portion112,000 shares
Shareholding pre-issue5,173,036
Shareholding post-issue7,048,236
Listing ExchangeNSE SME

Radiowalla IPO Lot Size

Retail (Min)11600₹121,600
Retail (Max)11600₹121,600
HNI (Min)23,200₹243,200

Radiowalla IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Radiowalla Financial Performance

 FY 2021FY 2022FY 20237M FY 2024
Net income0.100.471.021.14
(Amount in ₹ Crores)

Radiowalla Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio2.97 – 3.13
RONW (%)95.57129.2830.49
ROCE (%)202.92113.4035.86
EBITDA (%)5.207.0210.87

Company Promoters

  • Mr. Anil Srivatsa
  • Ms. Gurneet Kaur Bhatia
  • Mr. Harvinderjit Singh Bhatia

Promoter Holding

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

Radiowalla IPO Lead Manager(s)

201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743

Radiowalla Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Radiowalla Contact Details

16A, Basement Floor, Maratha Bhavan,
Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
Phone: +91 8044999917

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

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