Bookbuilding IPO | ₹14 Cr | Listed at NSE SME | Wed, Mar 27, 2024 - Tue, Apr 2, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 27, 2024
IPO Close
Tue, Apr 2, 2024
Issue Price
₹76 per share
Market Cap (Pre-IPO)
₹53.57 Cr
| IPO Date | 27 Mar to 2 Apr, 2024 |
| Listed on | Fri, Apr 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 |
| Issue Price | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,75,200 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,12,000 shares SS Corporate Securities Ltd. (agg. up to ₹0.8512 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 17,63,200 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 17,63,200 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 51,73,036 shares |
| Share Holding Post Issue | 70,48,236 shares |
| NSE Symbol | RADIOWALLA |
| ISIN | INE430U01019 |
Radiowalla Network IPO comprises a total issue size of 18,75,200 shares. The net offer to the public is 17,63,200 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 8,80,000 (49.91%) are allocated to QIB, 2,65,600 (15.06%) allocated to NII 6,17,600 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,80,000 | 49.91% | 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 | 15.06% | 14.16% |
| Retail Shares Offered | 6,17,600 | 35.03% | 32.94% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.97% | |
| Total Shares Offered | 18,75,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Radiowalla Network IPO raises ₹4.00 crore from anchor investors. Radiowalla Network IPO Anchor bid date is March 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 26, 2024 |
| Shares Offered | 5,26,400 |
| Anchor Portion (₹ Cr.) | 4.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jul 2, 2024 |
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.83 | 8.14 | 5.28 | 5.31 |
| Total Income | 8.72 | 14.03 | 10.50 | 5.90 |
| Profit After Tax | 1.14 | 1.02 | 0.47 | 0.10 |
| NET Worth | 5.53 | 3.35 | 0.36 | -0.11 |
| Reserves and Surplus | 5.76 | 3.62 | 0.58 | 0.12 |
| Total Borrowing | 0.52 | 0.79 | 0.70 | 0.83 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Technology | 3.10 |
| 2 | Capital Expenditure | 1.90 |
| 3 | Working Capital Requirement | 4.50 |
| 4 | General Corporate Purposes | 2.63 |
| 5 | Issue Expenses | 2.13 |
| KPI | Oct 31, 2023 |
|---|---|
| ROE | 20.62% |
| ROCE | 21.28% |
| Debt/Equity | 0.09 |
| RoNW | 20.62% |
| PAT Margin | 13.07% |
| Price to Book Value | 0.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.98 | 2.77 |
| P/E (x) | 38.48 | 27.41 |
| Promoter Holding | 55.80% | 40.95% |
| Market Cap | ₹53.57 Cr. |
The Radiowalla IPO is subscribed 307.54 times on April 2, 2024 6:21:54 PM (Day 4). The public issue subscribed 353.98 times in the retail category, 87.96 times in the QIB category, and 491.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 87.96 | 3,53,600 | 3,11,02,400 |
| NII* | 491.86 | 2,65,600 | 13,06,38,400 |
| Retail | 353.98 | 6,17,600 | 21,86,19,200 |
| Total | 307.54 | 12,36,800 | 38,03,60,000 |
Total Application : 1,36,637
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission | 0.50 |
| 2 | Brokerage, selling commission and upload fees. | 0.16 |
| 3 | Registrars to the issue | 0.12 |
| 4 | Legal Advisors | 0.03 |
| 5 | Printing, advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 1.23 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹120.15 |
| Low | ₹120.15 |
| High | ₹126.15 |
| Last Trade | ₹126.15 |
Lead Manager Reports
Radiowalla Network IPO is a SME IPO of 18,75,200 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Mar 27, 2024, and closes on Tue, Apr 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 Wed, Mar 27, 2024 and closes on Tue, Apr 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 Thu, Apr 4, 2024. Check the Radiowalla Network IPO allotment status.
The Radiowalla Network IPO listing date is on Fri, Apr 5, 2024.
