Radiowalla Network Ltd

Entertainment

Offer Period :

27th to 4th Apr 2024

Radiowalla Network Ltd, founded in July 2010, offers B2B in-store radio and corporate radio services globally. Revenue surged from Rs. 585.05 Lakhs in FY21 to Rs. 1049.91 Lakhs in FY22.k Read more... With 54 permanent employees by October 31, 2023, they expanded into advertisement solutions.Read less

Radiowalla Network Ltd IPO Details

IPO Date 27th to 4th Apr 2024 Minimum Investment ₹121600 / 1 Lots
Listing Date 2024-04-05 Maximum Investment ₹121600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹14.25 Crores
Price ₹76 to ₹76 per share Fresh Issue ₹14.25 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 27th to 4th Apr 2024
Listing Date 2024-04-05
Face Value ₹10 per share
Price ₹76 to ₹76 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹121600 / 1 Lots
Maximum Investment ₹121600 / 1 Lots
Total Issue Size ₹14.25 Crores
Fresh Issue ₹14.25 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

27th Mar

IPO Starts

2nd Apr

IPO Ends

3rd Apr

Allotment Date

4th Apr

Initiation of Refund

4th Apr

Credit of Shares to Demat Account

5th Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 55.72 40.89
Public Group 44.28 59.11

Radiowalla Network Ltd IPO Reservation

QIB Shares Offered 353600(18.86%)
NII (HNI) Shares Offered 265600(14.16%)
Retail Shares Offered 617600(32.94%)
Anchor Investor Shares Offered 526400(28.07%)
Total Shares Offered 1875200
Total Shares With Anchor Investor 1875200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Radiowalla Network Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number 011-45121795
Email Id ipo@maashitla.com
Our Website www.maashitla.com

Radiowalla Network Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

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Radiowalla Network Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Radiowalla Network Ltd

1. Leveraging the experience of its Promoters.

2. Experienced management team and a motivated and efficient work force.

3. Integrated Business Model.

4. Cordial relations with its customers.

5. Quality Deliverables.

6. Favourable Government policies.

Risks Involved

1. The company is dependent upon the growth and stability of the retail sector.

2. The company cannot assure that its will be able to get the extension of Directorate of Advertising and Visual Publicity registration (which has now integrated into CBC) Empanelment Letter.

3. Its business is significantly dependent on content creators and RJs for creating audio or radio content. If th company is unable to retain them its business operations will be affected.

4. Its present promoters of the company are first generation enterpreneurs.

5. The Company does not own the premises through which its conduct its business operations.

6. There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.

7. The Company has negative cash flows from its investing and its financing activities in the current and previous years, details of which are given below. Sustained negative cash flow could impact on its growth and business.

8. Conflict of interest may arise out of common business objects with group companies.

9. Its group entities have incurred losses in the past and may incur losses in the future.

10. The company has in past entered into related party transactions and its may continue to do so in the future.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 8.14 5.28 4.89
Total Liabilities 8.14 5.28 4.89
Total Expenses 12.95 10.06 5.87
Total Revenue 
14.03 10.5 5.89
Profit After Tax 1.02 0.47 0.03
EBITDA 1.52 0.74 0.25
Adjusted EBITDA 0 0 0

Radiowalla Network Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-05 92684 RADIOWALLA
INE430U01019
₹76 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹76 ₹76
Open ₹0 ₹120.15
Low ₹0 ₹120.15
High ₹0 ₹126.15
Low ₹0 ₹120.15

Frequently Asked Questions

What is Radiowalla Network Ltd IPO?

Answer Field

Radiowalla Network Ltd IPO is a SME IPO of 18,75,200 equity shares of a face value of ₹10 aggregating up to ₹14.25 Crores. The issue is priced at ₹76 to ₹76 per share. The minimum order quantity is 1600 Shares. The IPO opens on March 27, 2024, and closes on April 02, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Radiowalla Network Ltd IPO will open?

Answer Field

The Radiowalla Network Ltd IPO opens on March 27, 2024 and closes on April 02, 2024.

What is the lot size of Radiowalla Network Ltd?

Answer Field

Radiowalla Network Ltd lot size is 1600 shares, and the minimum amount required is ₹1,21,600.

How to apply for Radiowalla Network Ltd IPO?

Answer Field

You can apply in Radiowalla Network Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Radiowalla Network Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Radiowalla Network Ltd IPO will be done on April 03, 2024, and the allotted shares will be credited to your demat account by April 04, 2024.

When is Radiowalla Network Ltd IPO listing date?

Answer Field

The Radiowalla Network Ltd listing date is April 05, 2024.

Who is the registrar of Radiowalla Network Ltd IPO?

Answer Field

The registrar of Radiowalla Network Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Radiowalla Network Ltd IPO?

Answer Field

The fresh issue size is ₹14.25 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Radiowalla Network Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,21,600 amount.

How can I approve the UPI mandate request for Radiowalla Network Ltd IPO?

Answer Field

To apply for Radiowalla Network Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Radiowalla Network Ltd?

Answer Field

The price of each Radiowalla Network Ltd share will be ranging in between ₹76 to ₹76 per share.

What is the cut-off time for the UPI mandate for Radiowalla Network Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, April 02, 2024.

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