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Radiowalla Network IPO is a book build issue of ₹14.25 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹14.25 crore.
Radiowalla Network IPO bidding started from Mar 27, 2024 and ended on Apr 2, 2024. The allotment for Radiowalla Network IPO was finalized on Apr 3, 2024. The shares got listed on NSE SME on Apr 5, 2024.
Radiowalla Network IPO price band is set at ₹76.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,43,200.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company arePrabhat Financial Services Ltd., SS Corporate Securities Ltd..
Refer to Radiowalla Network IPO RHP for detailed Information.
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | April 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹72 to ₹76 per share |
| Issue Price Final | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,75,200 shares (aggregating up to ₹14.25 Cr) |
| Reserved for Market Maker | 1,12,000 shares SS Corporate Securities Ltd. (aggregating up to ₹0.8512 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 17,63,200 shares (aggregating up to ₹13.40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,73,036 shares |
| Share Holding Post Issue | 70,48,236 shares |
Radiowalla IPO offers total 18,75,200 shares. Out of which 8,80,000 (46.93%) allocated to QIB, 3,53,600 (18.86%) allocated to QIB, 2,65,600 (14.16%) allocated to NII, 6,17,600 (32.94%) allocated to RII and 5,26,400 (28.07%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.97%) |
| QIB Shares Offered | 8,80,000 (46.93%) |
| − Anchor Investor Shares Offered | 5,26,400 (28.07%) |
| − QIB (Ex. Anchor) Shares Offered | 3,53,600 (18.86%) |
| NII (HNI) Shares Offered | 2,65,600 (14.16%) |
| Retail Shares Offered | 6,17,600 (32.94%) |
| Total Shares Offered | 18,75,200 (100.00%) |
Radiowalla Network IPO raises ₹4.00 crore from anchor investors. Radiowalla Network IPO Anchor bid date is March 26, 2024. Radiowalla Network IPO Anchor Investors list
| Bid Date | March 26, 2024 |
| Shares Offered | 5,26,400 |
| Anchor Portion Size (In Cr.) | 4.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 2, 2024 |
Radiowalla Network IPO opens on March 27, 2024, and closes on April 2, 2024.
| IPO Open Date | Wed, Mar 27, 2024 |
| IPO Close Date | Tue, Apr 2, 2024 |
| Tentative Allotment | Wed, Apr 3, 2024 |
| Initiation of Refunds | Thu, Apr 4, 2024 |
| Credit of Shares to Demat | Thu, Apr 4, 2024 |
| Tentative Listing Date | Fri, Apr 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 2, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,21,600 |
| Retail (Max) | 1 | 1,600 | ₹1,21,600 |
| HNI (Min) | 2 | 3,200 | ₹2,43,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in July 2010, 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 organisation. 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.
1. Radio Engagement Solutions and Subscription services
2. Advertisement Solutions.
The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well.
The revenue of the company has increased from Rs. 585.05 Lakhs in the FY 2021 to Rs. 1049.91 Lakhs in FY 2022.
As of October 31, 2023, the company has 54 permanent employees.
Radiowalla Network Limited's revenue increased by 33.59% and profit after tax (PAT) rose by 117.36% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 883.29 | 813.53 | 527.53 | 530.81 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Radiowalla Network IPO is ₹53.57 Cr.
KPI as of Tue, Oct 31, 2023.
| KPI | Values |
|---|---|
| ROE | 20.62% |
| ROCE | 21.28% |
| Debt/Equity | 0.09 |
| RoNW | 20.62% |
| Price to Book Value | 0.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.98 | 2.77 |
| P/E (x) | 38.48 | 27.41 |
The objects of the Issue are: -
[Dilip Davda] With the changed lifestyle post covid, new technology is in place on all customer servicing related aspects. This company has played a niche role in enhancing the retail market ambience with new technological solutions and is gaining grounds. It has many renowned customers like ITC, HUL, LIC, Tanishq, Orra etc. Though prima-facie, the issue appears fully priced, it is worth considering for the handsome rewards. Investors may consider parking fund for the medium to long term rewards. Read detail review...
| Listing Date | April 5, 2024 |
| BSE Script Code | |
| NSE Symbol | RADIOWALLA |
| ISIN | INE430U01019 |
| Final Issue Price | ₹76 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹120.15 |
| Low | ₹120.15 |
| High | ₹126.15 |
| Last Trade | ₹126.15 |
Radiowalla Network Ltd.
16A, Basement Floor,
Maratha Bhavan, Millers Tank Bund Road,
Vasanthnagar, Bangalore-
Bangalore Urban, Karnataka, 560052
Phone: +91 8044999917
Email: compliance@radiowalla.in
Website: https://www.radiowalla.in/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Radiowalla Network IPO is a SME IPO of 18,75,200 equity shares of the face value of ₹10 aggregating up to ₹14.25 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on March 27, 2024, and closes on April 2, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Radiowalla Network IPO using UPI as a payment gateway. Zerodha customers can apply in Radiowalla Network IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Radiowalla Network IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Radiowalla Network IPO opens on March 27, 2024 and closes on April 2, 2024.
Radiowalla Network IPO lot size is 1600, and the minimum amount required for application is ₹1,21,600.
You can apply in Radiowalla Network IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Radiowalla Network IPO will be done on Wednesday, April 3, 2024, and the allotted shares will be credited to your demat account by Thursday, April 4, 2024. Check the Radiowalla Network IPO allotment status.
The Radiowalla Network IPO listing date is on Friday, April 5, 2024.
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