Current Infraprojects IPO...
20 Aug, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Radiowalla Network Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Radiowalla Network Limited IPO Details
| 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
| 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 Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Shareholding Pre Issue | 55.80% |
| Shareholding Post Issue | 40.95% |
Competitive Strength:
- -
Radiowalla Network Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Oct 2023 | 883.29 | 871.99 | 113.99 | 552.75 | 52.05 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 813.53 | 1,402.89 | 102.18 | 335.08 | 78.74 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 527.53 | 1,050.12 | 47.01 | 36.37 | 69.64 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 530.81 | 589.54 | 10.18 | -10.65 | 83.04 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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.
RHP:
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Frequently asked Questions (FAQs )
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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.
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Radiowalla Network IPO what should investors do?
Radiowalla IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
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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.
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When will Radiowalla IPO list?
The Radiowalla IPO will list on Friday, April 5, 2024, at NSE SME.
