Radiowalla Network IPO
IPO Listing Details
- Listing Date
05 Apr 2024
- Listing Price
₹ 120.15
- Listing Change
58.09%
- Last Traded Price
₹ 110.95
IPO Details
- Open Date
27 Mar 2024
- Close Date
02 Apr 2024
- IPO Price Range
₹ 72 to ₹ 76
- IPO Size
₹ 14.25 Cr
- Listing Exchange
NSE SME
- Listing Date
05 Apr 2024
IPO Timeline
Radiowalla Network IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Mar-24 | 1.02 | 3.78 | 11.47 | 6.88 |
| 28-Mar-24 | 1.07 | 7.45 | 27.35 | 15.57 |
| 01-Apr-24 | 1.09 | 28.64 | 71.62 | 42.23 |
| 02-Apr-24 | 87.96 | 491.86 | 353.98 | 307.54 |
Last Updated: 05 April 2024 6:14 PM by 5Paisa
Radiowalla Network Limited IPO is all set to open from 27th March to 2nd April 2024. The company offers customer engagement services. The IPO includes a fresh issue of 1,875,200 shares worth ₹14.25 cr. The share allotment date is 3rd April 2024, and the IPO will be listed on 5th April 2024 on the stock exchanges. The price band is ₹72 to ₹76 and the lot size is 1600 shares.
Narnolia Financial Services Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of Radiowalla Network IPO:
Radiowalla Network Limited plans to utilize the raised capital from the IPO to:
● To invest in technology.
● For working expenditure and working capital requirements.
● General Corporate Purposes.
● To fund the expenses related to public issues.
Established in 2010, Radiowalla Network Limited offers customer engagement services in the business-to-business (B2B) sector. There are two business verticals:
i) Radio Engagement Solutions and Subscription Services: There are two sub offers here. The first is in-store radio services, which include exclusive radio channels on a subscription model basis. The second is corporate radio, which is a private radio channel for employee engagement.
iii) Advertisement services: Digital signage solution, content management services and point of purchase advertising.
The company offers its solutions in India as well as in other countries like UAE, Mexico, Sri Lanka, the Middle East, etc.
Peer Comparison
No listed peers.
For More Information:
Webstory on Radiowalla Network IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.99 | 10.49 | 5.85 |
| EBITDA | 1.52 | 0.74 | 0.30 |
| PAT | 1.02 | 0.47 | 0.10 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 7.13 | 5.27 | 5.30 |
| Share Capital | 0.42 | 0.42 | 0.42 |
| Total Borrowings | 4.78 | 4.91 | 5.41 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.10 | 0.095 | 0.41 |
| Net cash from / (used in) investing activities | -1.02 | -0.79 | 0.0071 |
| Net cash flow from / (used in) financing activities | -0.84 | -0.29 | -0.19 |
| Net increase (decrease) in cash and cash equivalents | -0.0005 | -0.28 | 0.22 |
Strengths
1. The company has a global presence.
2. It offers services in multiple languages, including English, Hindi, Tamil, Kannada, Telugu, Gujarati, Marathi, Bengali, Punjabi, Arabic, and others.
3. The company has an empanelment with the Directorate of Advertising and Visual Publicity (DAVP) which has now been integrated into the Central Bureau of Communication (CBC).
4. It enjoys an established client base and partnerships with major retailers.
5. It has a proven track record.
6. A highly experienced and professional leadership team:
Risks
1. The business is significantly dependent on content creators and RJs for creating audio or radio content
2. It has reported negative cash flows in the past.
3. Its group entities have incurred losses in the past and may incur losses in the future.
4. Higher working capital requirements.
5. The company receives a large portion of its revenues from radio engagement and subscription services.
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FAQs
Radiowalla Network IPO opens from 27th March to 2nd April 2024.
The size of Radiowalla Network IPO is ₹14.25 cr.
To apply for Radiowalla Network IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Radiowalla IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Radiowalla Network IPO is fixed at ₹72 to ₹76 per share.
The minimum lot size of Radiowalla Network IPO is 1600 shares and the investment required is ₹1,15,200.
The share allotment date of Radiowalla Network IPO is 3rd April 2024.
The Radiowalla Network IPO will be listed on 5th April 2024.
Narnolia Financial Services Limited is the book-running lead manager for Radiowalla Network IPO.
Radiowalla Network plans to utilize the raised capital from the IPO to:
● To invest in technology.
● For working expenditure and working capital requirements.
● General Corporate Purposes.
● To fund the expenses related to public issues.
Contact Information
Radiowalla Network
Radiowalla Network Limited
16A, Basement Floor,
Maratha Bhavan, Millers Tank Bund Road,
Vasanthnagar, Bangalore-560052
Phone: +91 8044999917
Email: compliance@radiowalla.in
Website: https://www.radiowalla.in/
Radiowalla Network IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Radiowalla Network IPO Lead Manager
Narnolia Financial Services Ltd
