Radiowalla Network IPO
The initial public offering (IPO) of Radiowalla Network will open for subscription on March 27 and close on April 02, comprising fresh issues of Rs.14.25 Crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on April 05, 2024.
#1. Quick Intro to Radiowalla Network
Radiowalla Network Limited (2010) provides in-store radio services on a subscription basis, including an exclusive brand radio channel. The company offers corporate radio services, which provide private radio channels for employee engagement within an Organisation. Additionally, the company provides advertisement services such as digital signage solutions, content management services, and point-of-purchase advertising to our clients. Our services are exclusively catered to the business-to-business (B2B) sector.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Radiowalla Network
The company intends to use the IPO Funds for the following purposes:
- To meet the expenses for investment in technology.
- To meet the capital expenditure for the company.
- To meet the working capital requirements of the company.
- To meet out the General corporate purposes.
- To meet out the issue expenses.
#3. Radiowalla Network Core Strengths
- Adapt and experienced management team.
- Global presence.
- Multi-lingual content.
- Empanelment with the Directorate of Advertising and Visual Publicity (DAVP) has now been integrated into the Central Bureau of Communication (CBC).
- Understanding client preferences and service upgradation.
- Established client base and partnerships with major retailers.
#4. Radiowalla Network IPO Review & Rating
| Issue Size | Rs.14.25 Crore |
| Issue Price | Rs.72 to Rs.76 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (Oct 31, 2023) | Rs.113.99 Lakhs |
| ROE (%) | 20.62% |
| ROCE (%) | 21.28% |
| Listing on | NSE SME |
| IPO Deliver Rating | Four |
#5. Radiowalla Network IPO Dates, Price Band & Details
Radiowalla Network IPO will open on March 27, 2024, and close on April 02, 2024. The IPO is to be listed on April 05, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.14.25 Crore |
| Price Brand | Rs.72 to Rs.76 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | March 27, 2024 |
| IPO Close Date | April 02, 2024 |
| IPO Allotment Date | April 03, 2024 |
| Refund Date | April 04, 2024 |
| Share Credit Date | April 04, 2024 |
| Listing Date | April 05, 2024 |
#6. Radiowalla Network IPO Offer Details
Radiowalla Network IPO’s total issue size is 1,875,200 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 1,875,200 | 14.25 |
| Offer for Sale (OFS) | – | – |
#7. Radiowalla Network Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period October 31, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Oct 31, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 871.99 | 1,402.89 | 1,052.12 |
| Net Worth | 552.75 | 335.08 | 36.37 |
| Profit | 113.99 | 102.18 | 47.01 |
| Total Borrowings | 52.05 | 78.74 | 69.64 |
#8. Radiowalla Network Quantitative Factors
The following table sets forth the summary of financial information of the company for the period October 31, 2023, March 31, 2023 and March 31, 2022.
| Category | Oct 31, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 24.51 | 25.47 | 10.95 |
| RoNW (%) | 18.50 | 26.55 | 45.96 |
| NAV (Rs.) | 132.52 | 95.93 | 23.83 |
#9. Radiowalla Network Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in ……) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Radiowalla Network Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoter |
| 01. | Anil Srivatsa |
| 02. | Gurneet Kaur Bhatia |
| 03. | Harvinderjit Singh Bhatia |
#11. Radiowalla Network Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 55.80 |
| Post-issue | 40.95 |
#12. Radiowalla Network IPO Reservation Details
Radiowalla Network IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | Not less than 35% of the Issue size |
| NII Shares Offered | Not less than 15% of the Issue size |
| QIB Shares Offered | Not More than 50% of the Issue size |
#13. Radiowalla Network IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 121,600 |
| Retail (Max.) | 1 | 1600 | 121,600 |
| HNI (Min.) | 2 | 3200 | 243,200 |
#14. Radiowalla Network IPO – Prospectus Copy
An investor can download/view the Radiowalla Network prospectus copy, which the company filed to exchange, details are as follows.
| Radiowalla Network IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Radiowalla Network IPO Registrar
Maashitla Securities Private Limited
Phone No.: +011-45121795
E-Mail: ipo@maashitla.com
Website: www.maashitla.com
#16. Radiowalla Network IPO Lead Managers
Narnolia Financial Services Limited
Phone No. +91-8130678743
E-Mail: pankaj.passi@narnolia.com
Website: www.narnolia.com
#17. Radiowalla Network IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Radiowalla Network IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Radiowalla Network Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Radiowalla Network Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Radiowalla Network Company Details
Radiowalla Network Limited
Registered Office: 603, Sudhama Niwas 16th Road, Khar (W), Mumbai, Maharashtra-400052
Email: compliance@radiowalla.in
Website: www.radiowalla.in
Investor Grievances/Compliance Officer: Kiran Gumani
#19. Radiowalla Network Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Decibel Media Private Limited |
| 02. | – |
#20. Radiowalla Network Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Harvinderjit Singh Bhatia |
| 02. | Anil Srivatsa |
Radiowalla Network IPO – Frequently Asked Questions (FAQs)
| #1. What is a Radiowalla Network IPO?
Radiowalla Network brings its IPO of Rs.14.25 crore, on March 27, 2024, with a price band of Rs.72 to Rs.76 per share. |
| #2. What is the Radiowalla Network IPO Open date?
Radiowalla Network IPO’s opening date is March 27, 2024. |
| #3. What is the Radiowalla Network IPO Close Date?
Radiowalla Network IPO’s closing date is April 02, 2024. |
| #4. What is the Radiowalla Network IPO Listing date?
Radiowalla Network’s IPO listing date is April 05, 2024. |
| #5. What is the Radiowalla Network IPO Minimum investment amount?
Radiowalla Network IPO’s minimum investment amount is Rs. 121,600. |
| #6. What is the Radiowalla Network IPO offer issue Size?
Radiowalla Network offers an issue size of Rs.14.25 crore. |
| #7. What is the Radiowalla Network IPO Price Band?
Radiowalla Network’s IPO price band is Rs.72 to Rs.76 per share. |
| #8. Is Radiowalla Network IPO mainboard IPO or SME IPO?
Radiowalla Network IPO is an SME IPO. |
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