Radiowalla Network Limited IPO
Radiowalla Network Ltd. (RNL) is into the business of customer engagement services which includes in-store radio services (exclusive radio channel for a brand) on subscription model basis, corporate radio (private radio channels for employee engagement in organization) and advertisement services which includes digital signage solution, content management services and point of purchase advertising to our clients. RNL exclusively caters to the business-to-business (B2B) sector.
Radiowalla IPO is a book-built issue of Rs 14.25 crores. The issue is entirely a fresh issue of 18.75 lakh shares. Radiowalla IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. Narnolia Financial Services Ltd is the book running lead manager of the Radiowalla IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the Radiowalla IPO are Ss Corporate Securities and Prabhat Financial Services.
Radiowalla Network Limited IPO Overview
Detail | Description |
---|---|
IPO Date | March 27, 2024 to April 2, 2024 |
Listing Date | April 5, 2024 |
Face Value | ₹10 per share |
Price Band | ₹72 to ₹76 per share |
Lot Size | 1600 Shares |
Total Issue Size | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
Fresh Issue | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 5,173,036 |
Share holding post issue | 7,048,236 |
Market Maker portion | 112,000 shares Ss Corporate Securities Prabhat Financial Services |
Radiowalla Network Limited IPO Timeline (Tentative Schedule)
Detail | Description |
---|---|
IPO Open Date | Wednesday, March 27, 2024 |
IPO Close Date | Tuesday, April 2, 2024 |
Basis of Allotment | Wednesday, April 3, 2024 |
Initiation of Refunds | Thursday, April 4, 2024 |
Credit of Shares to Demat | Thursday, April 4, 2024 |
Listing Date | Friday, April 5, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
Radiowalla Network Limited IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹121,600 |
Retail (Max) | 1 | 1600 | ₹121,600 |
HNI (Min) | 2 | 3,200 | ₹243,200 |
Radiowalla Network Limited IPO Reservation
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | 526,400 (28.07%) |
Market Maker Shares Offered | 112,000 (5.97%) |
QIB Shares Offered | 353,600 (18.86%) |
NII (HNI) Shares Offered | 265,600 (14.16%) |
Retail Shares Offered | 617,600 (32.94%) |
Total Shares Offered | 1,875,200 (100%) |
Radiowalla Network Limited IPO Promoter Holding
Shareholding Pre Issue | 55.80% |
Shareholding Post Issue | 40.95% |
Radiowalla Network Limited IPO Investors Details
Bid Date | March 26, 2024 |
Shares Offered | 526,400 |
Anchor Portion Size (In Cr.) | 4.00 |
Anchor lock-in period end date for 50% shares (30 Days) | May 3, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | July 2, 2024 |
Company & Financials
Radiowalla Network Limited was established in July 2010 and they provide in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand. The company also offers corporate radio services, which provide private radio channels for employee engagement within an organization. Additionally, the company provides advertisement services such as digital signage solution, content management services, and point of purchase advertising to our clients. Our services are exclusively catered to the business-to-business (B2B) sector.
Radiowalla Network Limited Financial Information
Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
Assets | 883.29 | 813.53 | 527.53 | 530.81 | ||||||||||||||||||||||||||||||||||||
Revenue | 871.99 | 1,402.89 | 1,050.12 | 589.54 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 113.99 | 102.18 | 47.01 | 10.18 | ||||||||||||||||||||||||||||||||||||
Net Worth | 552.75 | 335.08 | 36.37 | -10.65 | ||||||||||||||||||||||||||||||||||||
Reserves and Surplus | 576.16 | 362.09 | 58.25 | 12.11 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 52.05 | 78.74 | 69.64 | 83.04 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Lakhs |
Key Performance Indicator
KPI | Values |
---|---|
ROE | 20.62% |
ROCE | 21.28% |
Debt/Equity | 0.09 |
RoNW | 20.62% |
P/BV | 0.65 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 1.98 | 2.77 |
P/E (x) | 38.48 | 27.41 |
Objectives of Radiowalla Network Limited IPO
The objectives of the issue are as follows:
- 1. To meet out the expenses for Investment in Technology
- 2. To meet out the Capital Expenditure for the Company
- 3. To meet out the Working Capital requirements of the Company
- 4. To meet out the General Corporate Purposes; and
- 5. To meet out the Issue Expenses.
Radiowalla Network Limited IPO review
With the changed lifestyle post covid, new technology is in place on all customer servicing related aspects. This company has played a niche role in enhancing the retail market ambience with new technological solutions and is gaining grounds. It has many renowned customers like ITC, HUL, LIC, Tanishq, Orra etc. Though prima-facie, the issue appears fully priced, it is worth considering for the handsome rewards. Investors may consider parking fund for the medium to long term rewards.
FAQs for Radiowalla Network Limited IPO
-
Why Radiowalla Network IPO?
The initial public offer (IPO) of Radiowalla Network Limited offers an early investment opportunity in Radiowalla Network Limited. A stock market investor can buy Radiowalla IPO shares by applying in IPO before Radiowalla Network Limited shares get listed at the stock exchanges. An investor could invest in Radiowalla IPO for short term listing gain or a long term.
-
Radiowalla Network IPO what should investors do?
Radiowalla IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
When will Radiowalla IPO allotment status?
The Radiowalla IPO allotment status will be available on or around April 3, 2024. The allotted shares will be credited in demat account by April 4, 2024.
-
When will Radiowalla IPO list?
The Radiowalla IPO will list on Friday, April 5, 2024, at NSE SME.
Radiowalla Network Limited IPO Subscription Status
Category
Subscription (times)
QIB
87.96
NII
491.86
Retail
353.98
Total
307.54
RHP:
RHP of Radiowalla Network Limited IPO
Anchor Investor Link:
Anchor Investor Link of Radiowalla Network Limited IPO
-
Why Radiowalla Network IPO?
The initial public offer (IPO) of Radiowalla Network Limited offers an early investment opportunity in Radiowalla Network Limited. A stock market investor can buy Radiowalla IPO shares by applying in IPO before Radiowalla Network Limited shares get listed at the stock exchanges. An investor could invest in Radiowalla IPO for short term listing gain or a long term.
-
Radiowalla Network IPO what should investors do?
Radiowalla IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
When will Radiowalla IPO allotment status?
The Radiowalla IPO allotment status will be available on or around April 3, 2024. The allotted shares will be credited in demat account by April 4, 2024.
-
When will Radiowalla IPO list?
The Radiowalla IPO will list on Friday, April 5, 2024, at NSE SME.
Radiowalla Network Limited IPO Subscription Status
Category | Subscription (times) |
---|---|
QIB | 87.96 |
NII | 491.86 |
Retail | 353.98 |
Total | 307.54 |
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