Last updated on April 5, 2024
Radiowalla IPO description – Radiowalla Network specializes in providing customer engagement services, which encompass in-store radio services (providing exclusive radio channels for brands) on a subscription model basis, corporate radio (creating private radio channels for employee engagement within organizations), and advertisement services. These advertisement services include digital signage solutions, content management services, and point-of-purchase advertising for clients. The company exclusively caters to the business-to-business (B2B) sector.
The company extends its services to countries such as UAE, Mexico, Sri Lanka, and the Middle East as well. The company’s revenue increased from INR 5.85 crore in FY 2021 to INR 10.50 crore in FY 2022. In FY 2023, the company recorded a revenue of INR 13.99 crore, and for the period ended 31 October 2023, it reported a revenue of INR 8.72 crore based on consolidated financials.
As of 31 October 2023, the company employs 54 permanent employees.
Promoters of Radiowalla Network- Anil Srivatsa, Gurneet Kaur Bhatia, and Harvinderjit Singh Bhatia
Table of Contents
Radiowalla IPO Details
| Radiowalla Network IPO Dates | 27 Mar – 2 Apr 2024 |
| Radiowalla Network IPO Price | INR 72 – 76 per share |
| Fresh issue | 1,875,200 shares (INR 13.50 – 14.25 crore) |
| Offer For Sale | NIL |
| Total IPO size | 1,875,200 shares (INR 13.50 – 14.25 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 121,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Radiowalla Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 |
| Revenue | 5.85 | 10.50 | 13.99 | 8.72 |
| Expenses | 5.89 | 10.06 | 12.95 | 7.63 |
| Net income | 0.10 | 0.47 | 1.02 | 1.14 |
Radiowalla Network Offer News
- Radiowalla RHP
- Radiowalla Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Radiowalla Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.41 | 11.16 | 24.25 |
| PE ratio | – | – | 2.97 – 3.13 |
| RONW (%) | 95.57 | 129.28 | 30.49 |
| NAV | (2.53) | 8.63 | 79.52 |
| ROCE (%) | 202.92 | 113.40 | 35.86 |
| EBITDA (%) | 5.20 | 7.02 | 10.87 |
| Debt/Equity | (7.80) | 1.92 | 0.23 |
Radiowalla IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 4 April 2024 | 40 | – | 51,500 |
| 3 April 2024 | 40 | – | 51,500 |
| 2 April 2024 | 43 | – | 55,000 |
| 1 April 2024 | 43 | – | 55,000 |
| 30 March 2024 | 45 | – | 60,000 |
| 29 March 2024 | 45 | – | 62,500 |
| 28 March 2024 | 45 | – | 61,500 |
| 27 March 2024 | 45 | – | 61,000 |
| 26 March 2024 | 53 | – | 68,000 |
| 23 March 2024 | 50 | – | 65,000 |
Radiowalla IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 353,600 | 265,600 | 617,600 | 1,236,800 |
| 2 Apr 2024 | 87.96 | 492.28 | 353.88 | 307.58 |
| 1 Apr 2024 | 1.09 | 28.96 | 70.43 | 41.70 |
| 28 Mar 2024 | 1.07 | 7.83 | 27.12 | 15.53 |
| 27 Mar 2024 | 1.02 | 3.72 | 11.16 | 6.66 |
The market maker reservation portion of 112,000 shares is not included in the above calculations.
Radiowalla IPO Allotment Status
Radiowalla IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Radiowalla IPO Dates & Listing Performance
| IPO Opening Date | 27 March 2024 |
| IPO Closing Date | 2 April 2024 |
| Finalization of Basis of Allotment | 3 April 2024 |
| Initiation of refunds | 4 April 2024 |
| Transfer of shares to demat accounts | 4 April 2024 |
| IPO Listing Date | 5 April 2024 |
| Opening Price on NSE SME | INR 120.15 per share (up 58.09%) |
| Closing Price on NSE SME | INR 126.15 per share (up 65.99%) |
Radiowalla Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email:Â [email protected]
Website:Â www.narnolia.com
Radiowalla Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795
Email:Â [email protected]
Website:Â www.maashitla.com
Radiowalla Network IPO Contact Details
RADIOWALLA NETWORK LIMITED
16A, Basement Floor, Maratha Bhavan,
Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
Phone: +91 8044999917
E-mail: [email protected]
Website: www.radiowalla.in
Radiowalla Network IPO FAQs
What is the Radiowalla offer size?
Radiowalla offer size is INR 13.50 – 14.25 crores.
What is the Radiowalla offer price band?
Radiowalla public offer price is INR 72 – 76 per share.
What is the lot size of the Radiowalla Network IPO?
Radiowalla offer lot size is 1,600 shares.
What is Radiowalla IPO GMP today?
Radiowalla IPO GMP today is INR 40 per share.
What is the Radiowalla kostak rate today?
Radiowalla kostak rate today is INR NA per application.
What is Radiowalla Subject to the Sauda rate today?
Radiowalla is Subject to the Sauda rate today is INR 51,500 per application.
