May 22, 2024
Radiowalla Ipo
Radiowalla IPO

Radiowalla IPO description – 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.

Radiowalla IPO Details

Radiowalla Network IPO Dates 27 Mar – 2 Apr 2024
Radiowalla Network IPO Price INR 72 – 76 per share
Fresh issue 1,875,200 shares (INR 13.50 – 14.25 crore)
Offer For Sale NIL
Total IPO size 1,875,200 shares (INR 13.50 – 14.25 crore)
Minimum bid (lot size) 1,600 shares (INR 121,600)
Face Value  INR 10 per share
Retail Allocation 35%
Listing On NSE Emerge

 

Radiowalla IPO Timetable

IPO Opening Date 27 March 2024
IPO Closing Date 2 April 2024
Finalization of Basis of Allotment 3 April 2024
Initiation of refunds 4 April 2024
Transfer of shares to demat accounts 4 April 2024
IPO Listing Date 5 April 2024

 

 

 

Radiowalla IPO Financials Performance ( Results )

                                                                                                                                          All Amount in ₹ Lakhs

Period Ended 31 Oct 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 883.29 813.53 527.53 530.81
Revenue 871.99 1,402.89 1,050.12 589.54
Profit After Tax 113.99 102.18 47.01 10.18
Net Worth 552.75 335.08 36.37 -10.65
Reserves and Surplus 576.16 362.09 58.25 12.11
Total Borrowing 52.05 78.74 69.64 83.04

 

 

Radiowalla IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not More than 50% of the Net Issue
Retail Shares Offered Not Less than 35% of the Net Issue
NII (HNI) Shares Offered Not Less than 15% of the Net Issue

 

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 Subscription Status (Bidding Detail)

Category Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
Total 0.00x

 

Radiowalla IPO GMP Live Update

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
26-03-2024 76.00 ₹42 line 51100 ₹118 (0%) 26-Mar-2024 9:32
25-03-2024 76.00 ₹42 line 51100 ₹118 (0%) 26-Mar-2024 0:32
24-03-2024 76.00 ₹42 line 51100 ₹118 (55.26%) 25-Mar-2024 0:28
23-03-2024 76.00 ₹42  arrow up 51100 ₹118 (55.26%) 24-Mar-2024 0:33
22-03-2024 76.00 ₹30  arrow up 36500 ₹106 (39.47%) 23-Mar-2024 0:30
21-03-2024 76.00 ₹0 line ₹76 (0%) 22-Mar-2024 0:31
20-03-2024 ₹0 line ₹ (0%) 20-Mar-2024 0:33

Radiowalla Offer Lead Manager

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 Offer 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 Network IPO 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 Network IPO FAQs

What is the Radiowalla offer size?

Radiowalla offer size is INR 13.50 – 14.25 crores.

What is the Radiowalla offer price band?

Radiowalla public offer price is INR 72 – 76 per share.

What is the lot size of the Radiowalla Network IPO?

Radiowalla offer lot size is 1,600 shares.

What is Radiowalla IPO GMP today?

Radiowalla IPO GMP today is INR NA per share.

What is the Radiowalla kostak rate today?

Radiowalla kostak rate today is INR NA per application.

 

 

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