What you must know about Radiowalla IPO?
by 5paisa Research Team
26 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Apr-24
- IPO Price Range ₹ 72 to ₹ 76
- Listing Price ₹ 120.15
- Listing Change 58.1%
- Last Traded Price ₹ 108.15
- Current Change 42.3%
Radiowalla IPO Details
- Open Date 27-Mar-24
- Close Date 02-Apr-24
- Lot Size 1600
- IPO Size ₹ 14.25 Cr
- IPO Price Range ₹ 72 to ₹ 76
- Min Investment ₹ 115,200
- Listing Exchange NSE SME
- Basis of Allotment 03-Apr-24
- Refunds 04-Apr-24
- Credit to Demat Account 04-Apr-24
- Listing Date 05-Apr-24
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 |
Radiowalla IPO Synopsis
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.
About Radiowalla Network
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
Radiowalla Network Financial Status
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 |
Radiowalla IPO Key Points
-
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.
Radiowalla
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Radiowalla IPO FAQs
When does the Radiowalla Network IPO open and close?
Radiowalla Network IPO opens from 27th March to 2nd April 2024.
What is the size of the Radiowalla Network IPO?
The size of Radiowalla Network IPO is ₹14.25 cr.
How to apply for the Radiowalla Network IPO?
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.
What is the price band of Radiowalla Network IPO?
The price band of Radiowalla Network IPO is fixed at ₹72 to ₹76 per share.
What is the minimum lot size and investment required for the Radiowalla Network IPO?
The minimum lot size of Radiowalla Network IPO is 1600 shares and the investment required is ₹1,15,200.
What is the allotment date of the Radiowalla Network IPO?
The share allotment date of Radiowalla Network IPO is 3rd April 2024.
What is the Radiowalla Network IPO listing date?
The Radiowalla Network IPO will be listed on 5th April 2024.
Who are the book runners for the Radiowalla Network IPO?
Narnolia Financial Services Limited is the book-running lead manager for Radiowalla Network IPO.
What is the objective of the 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 Details of Radiowalla Network IPO
Contact Information
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
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