Radiowalla Network Limited IPO
- IPO Date27 Mar, 2024 to 02 Apr, 2024
- Listing Date05 Apr, 2024
- Face Value₹10 per share
- Issue Price₹72 to ₹76 per share
- Lot Size1600 Shares
- Minimum Investment₹1,21,600
- Listing AtNSE SME
- Total Issue Size18,75,200 Shares
(aggregating up to ₹14.25 Cr) - Fresh Issue18,75,200 Shares
(aggregating up to ₹14.25 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue51,73,036
- Shareholding post issue70,48,236
IPO Dates
Closing Date
02 Apr, 2024
Initiation of Refunds
04 Apr, 2024
Listing Date
05 Apr, 2024
27 Mar, 2024
Opening Date
03 Apr, 2024
Basis of Allotment
04 Apr, 2024
Credit of Shares
Radiowalla Network Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 3200 | ₹2,43,200 |
| Retail (Min) | 1 | 1600 | ₹1,21,600 |
| Retail (Max) | 1 | 1600 | ₹1,21,600 |
Radiowalla Network Limited Promoter Holding
The promoters of the company are Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 55.8% | 40.95% |
Radiowalla Network Limited COMPANY INFORMATION
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 opens for subscription on March 27, 2024 and closes on April 2, 2024. The allotment for the Radiowalla IPO is expected to be finalized on Wednesday, April 3, 2024. Radiowalla IPO will list on NSE SME with tentative listing date fixed as Friday, April 5, 2024. Radiowalla IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹243,200. 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 Radiowalla IPO are Ss Corporate Securities and Prabhat Financial Services. Refer to Radiowalla IPO RHP for detailed information.
Incorporated in July 2010, Radiowalla Network Limited provides in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand. The company also offer corporate radio services, which provide private radio channels for employee engagement within an organisation. 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.
The company provides services directly to other businesses under a Business-to-Business (B2B) model. They have expanded their business into two verticals.
1. Radio Engagement Solutions and Subscription services
2. Advertisement Solutions.
The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well.
The revenue of the company has increased from Rs. 585.05 Lakhs in the FY 2021 to Rs. 1049.91 Lakhs in FY 2022.
As of October 31, 2023, the company has 54 permanent employees.
FAQs About Radiowalla Network Limited Ipo
Radiowalla Network Limited IPO will open on 27 Mar, 2024 and close on 02 Apr, 2024. Investors must apply within this period to participate.
The Radiowalla Network Limited IPO price band is set between ₹72.00 and ₹76.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹121600.00.
The Radiowalla Network Limited IPO shares are expected to be listed on 05 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Radiowalla Network Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Radiowalla Network Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.