Radiowalla Network IPO Review

 
Radiowalla Network IPO Review

IPO Open Date: March 27, 2024

IPO Close Date: April 2, 2024

IPO Price: ₹72 to ₹76 per share

Lot Size: 1600 Shares

Listing: April 5, 2024

Radiowalla is scheduled to hit the market on March 27, 2024 and close on April 2, 2024. Radiowalla plans to raise around ₹14.25 Cr through an IPO with a sale of up to 1,875,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Radiowalla Network, established in July 2010, specializes in providing in-store radio services to businesses on a subscription basis. Their offerings include dedicated radio channels tailored to individual brands and corporate radio services for enhancing employee engagement within organizations. Moreover, the company extends advertisement services like digital signage solutions, content management services, and point of purchase advertising exclusively to the business-to-business (B2B) sector. Radiowalla operates in multiple countries including the UAE, Mexico, Sri Lanka, and the Middle East, catering directly to other businesses through two primary verticals: Radio Engagement Solutions and Subscription Services, and Advertisement Solutions.

Over the years, Radiowalla Network has experienced significant growth in revenue, with figures escalating from Rs. 585.05 Lakhs in FY 2021 to Rs. 1049.91 Lakhs in FY 2022. As of October 31, 2023, the company boasts a dedicated team of 54 permanent employees who contribute to delivering high-quality services and maintaining strong client relationships across the markets they serve.

Radiowalla Network


Radiowalla IPO Details

Radiowalla IPO opens on March 27, 2024, and closes on April 2, 2024. The Listing date for Radiowalla IPO is on April 5, 2024. The price band for IPO is ₹72 to ₹76 per share and lot size of 1600 Shares.

IPO DateMar 27, 2024 to April 2, 2024
Listing DateApril 5, 2024
Price₹72 to ₹76 per share
Lot Size1600 Shares
Issue Size₹14.25 Cr
Face Value₹10 per share

Radiowalla IPO Tentative Timetable

Radiowalla opening date is March 27, 2024 and close date is April 2, 2024. The IPO allotment date is April 03, 2024. The refund initiation of IPO is on April 04, 2024. The credit of shares in demat account is on April 04, 2024. The listing date is on April 05, 2024.

EventDate
IPO OpeningMar 27, 2024
IPO ClosingApril 2, 2024
IPO Allotment DateApril 03, 2024
Refund InitiationApril 04, 2024
Shares Credit to DematApril 04, 2024
Lisiting DateApril 05, 2024

Radiowalla IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹121,600).

CategoryLotsSharesAmount
Retail(Minimum)11600₹121,600
Retail(Maximum)11600₹121,600
HNI (Minimum)23200₹243,200

Radiowalla IPO Promoter Holding

Pre Issue Share Holding55.80%
Post Issue Share Holding40.95%

Radiowalla IPO Review

Radiowalla Network, founded in 2010, is gearing up for its IPO with a market capitalization of Rs 53.57 Cr. Specializing in in-store radio services, corporate radio solutions, and advertisement services tailored for the B2B sector, the company has shown impressive growth, with revenue soaring from Rs. 585.05 Lakhs in FY 2021 to Rs. 1049.91 Lakhs in FY 2022. The company's financial performance is further highlighted by key indicators like a 20.62% Return on Equity (ROE), a 21.28% Return on Capital Employed (ROCE), and a Debt/Equity ratio of 0.09, showcasing a robust financial standing.

The objectives of the IPO encompass critical areas such as technology investments, capital expenditure, working capital needs, general corporate purposes, and issue expenses. Following the IPO launch, Radiowalla Network Limited's Earnings Per Share (EPS) is projected to rise from 1.98 to 2.77, accompanied by a decline in the Price/Earnings (P/E) ratio from 38.48 to 27.41. The company's expansion into diverse markets like the UAE, Mexico, Sri Lanka, and the Middle East, coupled with its innovative services, positions it as an appealing investment prospect for discerning investors seeking growth potential and stability in their portfolios.

Investors eyeing a company with a proven track record of financial success and a strategic vision for expansion may find Radiowalla Network IPO an enticing opportunity. With a focus on delivering value-added services to businesses through radio engagement solutions and advertisement offerings, Radiowalla Network demonstrates a commitment to innovation and client satisfaction. The company's strong revenue growth, sound financial metrics, and ambitious objectives post-IPO make it a compelling choice for investors looking to capitalize on a promising venture in the dynamic B2B service sector.

Radiowalla IPO Subscription Status (Bidding Details)

Table not found

Radiowalla IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Radiowalla IPO FAQs

What is Radiowalla IPO?

Radiowalla is issuing 1,875,200 equity shares with a face value of ₹10 each, totaling up to ₹14.25 Cr. The shares are being offered at a price of ₹72 to ₹76 each, with a minimum order quantity of 1600 shares.

Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Radiowalla IPO will open?

Radiowalla will open on March 27, 2024 for QIB, NII, and Retail Investors.

When Radiowalla IPO will end?

Radiowalla will end on April 02, 2024.

What is Radiowalla IPO Size?

Radiowalla IPO size is 14.25 Cr.

What is Radiowalla IPO Price Band?

Radiowalla price band is ₹72 to ₹76 per share.

What is the Radiowalla IPO Allotment Date?

Radiowalla allotment date is April 03, 2024.

What is the Radiowalla IPO Listing Date?

Radiowalla listing date is April 05, 2024. The IPO is to be listed on BSE and NSE.

How to Radiowalla IPO through Zerodha?

To apply for the IPO “Radiowalla” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Radiowalla IPO through Upstox?

To apply for the IPO “Radiowalla” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Radiowalla IPO Allotment Status?

For Radiowalla IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Radiowalla IPO GMP?

You can check out here: Radiowalla IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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