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 | 1,600 Shares |
| Total Issue Size | 18,75,200 shares (aggregating up to ₹ 14.25 Cr) |
| Fresh Issue | 18,75,200 shares (aggregating up to ₹ 14.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 51,73,036 |
| Share holding post issue | 70,48,236 |
| Market Maker portion | 1,12,000 shares Ss Corporate Securities Prabhat Financial Services |
About 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.
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.
Radiowalla Network Limited IPO Financial Information
Latest Revenue
871.99
₹ Crore
Profit After Tax
113.99
₹ Crore
Net Worth
552.75
₹ Crore
Total Borrowing
52.05
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Radiowalla Network Limited 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 |
Frequently Asked Questions
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Competitive Strengths
Radiowalla Network Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |