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radiowalla network ipo

Radiowalla Network IPO

  • Status: Closed
  • RHP:
  • ₹ 115,200 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    05 Apr 2024

  • Listing Price

    ₹ 120.15

  • Listing Change

    58.09%

  • Last Traded Price

    ₹ 115.00

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

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IPO Timeline

Radiowalla Network IPO Subscription Status

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

Profit and Loss

Balance Sheet

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.