Radiowalla Network Limited IPO is set to launch on 27 March, 2024. The company initiated its business operations in the year 2010. It provides in store radio services on a subscription basis. The services include an exclusive radio channel for the brand and also offers corporate radio services for engagement activities among employees. Advertisement services are also provided by the firm like content management services, digital signage solution etc. It has 2 business models namely advertisement solutions and Radio engagement solution and subscription services. The company offers its services to various countries like Mexico, UAE, Middle East and Sri Lanka. It has an employee base of 54 people.
Radiowalla Network Limited IPO DETAILS
Radiowalla Network Limited IPO is set to launch on 27 March, 2024. The subscription timeline extends till 2 April, 2024. The size for the IPO is 14.25 Crore Rs. Shares issued through fresh issue mode are worth Rs 14.25 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 72 Rs to 76 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Maashithla Securities Private Limited.
Tabular Description of Radiowalla Network Limited IPO
| IPO OPENING DATE | 27 March, 2024 |
| CLOSING DATE FOR IPO | 2 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 72 Rs to 76 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 14.25 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 14.25 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 5 April, 2023 |
Radiowalla Network Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 27 March, 2024 |
| CLOSING DATE FOR IPO | 2 April, 2024 |
| IPO ALLOTMENT DATE | 3 April, 2024 |
| REFUNDS | 4 April, 2024 |
| DEMAT A/C CREDITED ON | 4 April, 2024 |
| IPO LISTING DATE | 5 April, 2024 |
Radiowalla Network Limited IPO begins for subscription from 27 March, 2024. The IPO subscription would continue till 2 April, 2024. The allotment status for the shareholders who applied would come on 3 April, 2024. The refunds for the ones who did not get allotment would be initiated on 4 April, 2024. The DEMAT accounts of shareholders would be credited on 4 April, 2024. The listing of the company would be completed on 5 April, 2024.
Radiowalla Network Limited IPO : Lead Managers
The lead managers are :
- Narnolia Financial Services Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 121600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 243200 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 121600 Rs. |
| Maximum | 3200 shares | 243200 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 530 | 527 | 813 |
| Revenue | 589 | 1050 | 1402 |
| PAT | 10 | 47 | 102 |
Radiowalla Network Limited had an asset base of 530 Lakh Rs in 2021. The asset base of the company decreased a bit to 527 Lakh Rs in 2022. However in 2023 the asset base of the firm was 813 Lakh Rs in 2023. The revenue of the company was 589 Lakh Rs in 2021. This increased to 1050 Lakh Rs in 2022. Revenue of the company increased toi 1402 Lakh Rs in 2023. The profit of the firm was 10 lakh Rs in 2021. This increased to 47 Lakh Rs in 2022 and 102 Lakh Rs in 2023.
PROS
- The services include an exclusive radio channel for the brand and also offers corporate radio services for engagement activities among employees.
- Advertisement services are also provided by the firm like content management services, digital signage solution etc.
- It has 2 business models namely advertisement solutions and Radio engagement solution and subscription services.
- The company offers its services to various countries like Mexico, UAE, Middle East and Sri Lanka.
- It has an employee base of 54 people.
Radiowalla Network Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Radiowalla Network Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
