Radiowalla Network Limited
Book Built Issue IPO · NSE
- Price band
- ₹72 - ₹76
- Lot size
- 1,600 shares
- Issue amount
- ₹14.25 cr
- Total subscription
- 307.58×
- Opens
- 27 Mar 2024
- Closes
- 2 Apr 2024
- Allotment
- 3 Apr 2024
- Listing
- 5 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 18,75,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,15,200
- Fresh issue
- ₹14.25 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,21,600
- Issue type
- Book Built Issue IPO
- Shares before issue
- 51,73,036
- Shares after issue
- 70,48,236
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,21,600 |
| HNI | 2 | 3,200 | ₹2,43,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.69 | 236.38 |
| RETAIL | 4.69 | 1,661.04 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 24.24 | 24.25 | 11.16 |
| ROE | 20.62 | 30.49 | 129.28 |
| ROCE | 21.28 | 35.86 | 113.4 |
| RONW | 20.62 | 30.49 | 129.28 |
| PRE IPO(PE) | 0.65 | 0 | 0 |
| POST IPO(PE) | 38.48 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Radiowalla Network Limited, established in July 2010, has become a prominent provider of in-store radio services under a subscription-based B2B model, offering brand-exclusive radio channels, corporate radio for employee engagement, and advertisement solutions such as digital signage and point-of-purchase advertising. Expanding beyond India, the company has established a presence in the UAE, Mexico, Sri Lanka, and the Middle East. With two key verticals—Radio Engagement Solutions & Subscription Services and Advertisement Solutions—Radiowalla has demonstrated significant revenue growth, increasing from ₹585.05 lakhs in FY 2021 to ₹1,049.91 lakhs in FY 2022. As of October 31, 2023, the company employs 54 permanent professionals, reinforcing its commitment to quality service and continuous expansion in the B2B media solutions sector.
Strengths
- Diverse Business Model: Radiowalla Network Limited offers a mix of services like in-store radio, corporate radio, and advertising, ensuring multiple revenue streams and a well-rounded business approach.
- Strong Customer Relationships: The company values its clients, fostering loyalty and repeat business through positive experiences and reliable service.
- High-Quality Services: Delivering top-notch solutions helps build trust and a strong reputation in the industry.
- Government Support: Favorable policies and regulations provide a boost, making it easier to grow and operate efficiently.
Risk factors
- Tied to the Retail Sector: Since the company depends on the retail industry, any slowdowns in consumer spending or retail disruptions could hurt its business and revenue.
- Reliance on Talent: The company depends on content creators and radio jockeys (RJs) to produce engaging audio content. Losing top talent could affect content quality, customer satisfaction, and market position.
- Leadership Experience Risk: As a first-generation entrepreneur-led company, there’s a learning curve in navigating business challenges, which could impact strategic decisions and long-term success.
Promoters
Mr. Anil Srivatsa
Ms. Gurneet Kaur Bhatia
Mr. Harvinderjit Singh Bhatia
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
+91 8044999917
[email protected]Company website ↗Understanding RADIOWALLA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.