What you must know about Radiowalla IPO?

About Radiowalla Network IPO

Radiowalla Network Limited established in July 2010 specializes in providing B2B in store radio services and corporate radio solutions. They offer exclusive radio channels tailored for brands and private radio channels for internal corporate communication. Additionally, they provide advertisement services like digital signage solutions, content management and point of purchase advertising. Operating on a subscription model, their services cater exclusively to businesses.

The company operates in multiple countries including the UAE, Sri Lanka, Mexico and the Middle East. They have two main business verticals Radio Engagement Solutions and Subscription Services and Advertisement Solutions.

From FY 2021 to FY 2022, Radiowalla Network Limited saw a revenue increase from ₹585.05 Lakhs to ₹1049.91 Lakhs. As of 31 October 2023, the company has a team of 54 permanent employees.

Highlights of the Radiowalla IPO

Here are some of the highlights of the Radiowalla IPO:

• Radiowalla IPO will be open from 27 March 2024 to 2 April 2024. Radiowalla IPO has a face value of ₹10 per equity share and the price band for the Radiowalla Network IPO has been fixed between ₹72- ₹76 per share.
• The IPO of Radiowalla Network IPO Ltd has only a fresh issue component and no offer for sale (OFS) portion.
• As part of the fresh issue portion of the IPO, Radiowalla IPO will issue a total of 18.75 lakh shares, at the upper price band of the IPO at ₹76 per share to raise fresh funds of ₹14.25 crores.
• Since Radiowalla IPO contains no offer for sale component the total IPO size is equivalent to the fresh issue size of the IPO which is ₹14.25 cr.
• The company has been promoted by Mr. Anil Srivatsa, Mr. Harvinderjit Singh Bhatia, and Ms. Gurneet Kaur Bhatia. Before the listing, promoter holding in the company stands at 55.80%, post IPO listing promoter holding will be diluted to 40.95%.
• The funds raised will be used for investing in technology, covering capital expenditures, fulfilling working capital needs, managing issue expenses and addressing general corporate purposes.
• Narnolia Financial Services Ltd serves as the book running lead manager for the Radiowalla IPO IPO, while Maashitla Securities Private Limited has been appointed as the registrar for the issue. Ss Corporate Securities will be the market maker for the Radiowalla IPO.

Radiowalla IPO Allocation

For RadiowallaIPO the net offer will be distributed between QIB investors, retail and NII (HNI) category investors. The allocation breakdown for the IPO of Radiowalla IPO is mentioned below.

Lot sizes for investing in the Radiowalla IPO

The minimum lot size for Radiowalla IPO investment is 1600 shares, equivalent to ₹121,600 (1600 shares x ₹76 per share), which is also the maximum for retail investors to participate. For Radiowalla IPO HNI/NII investors can invest in a minimum of 2 lots, totaling 3,200 shares with a minimum value of ₹2,43,200. Below is the breakdown of lot sizes and amounts for both retail and HNI categories

Key dates for Radiowalla IPO?

Radiowalla IPO will open for subscription on Wednesday, 27 March 2024 and close on Tuesday, 2 April 2024. The bidding period for the Radiowalla IPO will be from 27 March 2024, starting at 10:00 AM, until 2 April 2024, closing at 5:00 PM. For Radiowalla IPO cut off time for UPI Mandate confirmation is 5:00 PM on the closing day of the IPO, which falls on 2 April 2024.

Financial highlights of Radiowalla Ltd

The table below provides a glimpse of the key financial of Radiowalla IPO Ltd for the last 3 completed financial years.

Profit after Tax for Radiowalla IPO Limited has shown growth over the past 3 fiscal years. In FY21 PAT stood at ₹10.18 Lakhs, PAT increased in FY22 to ₹47.01 Lakhs reflecting an improvement in profitability. In the recent financial year, FY23 witnessed a surge in PAT to ₹102.18 Lakhs which is showing a jump from last year