Radiowalla was incorporated on July 30, 2010. The company specializes in customer engagement services, offering in-store radio services (exclusive radio channels for brands) on a subscription model basis, corporate radio (private radio channels for employee engagement within organizations), and advertisement services. This includes digital signage solutions, content management services, and point-of-purchase advertising for our clients. We exclusively cater to the business-to-business (B2B) sector.
| Bidding Dates |
|---|
| 27 Mar 2024 - 02 Apr 2024 |
| Subscription |
|---|
| 282.08x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1600 | 1.9 M | ₹72 - ₹76 | 40.95 % | ₹135.0 M - ₹142.5 M | RHP DOC |
Radiowalla Network IPO SUBSCRIPTION STATUS
02 Apr '24Radiowalla Network IPO overall subscription rate was 282.08 times the total available shares
Radiowalla Network IPO retail subscription rate was 463.1 times in the retail segment
Radiowalla Network IPO non-institutional investor subscription rate was 646.26 times in the non-institutional investor category
Radiowalla Network IPO Qualified Institutional Bidder subscription rate was 46.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Apr 2024 (Day 4) | 463.1x | 646.26x | 46.12x |
01 Apr 2024 (Day 3) | 92.14x | 38.02x | 0.57x |
28 Mar 2024 (Day 2) | 35.48x | 10.27x | 0.56x |
27 Mar 2024 (Day 1) | 14.6x | 4.88x | 0.53x |
Radiowalla Network FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 11.4 | 87.2 | 8.1 | 4.9 | 16.4% |
| FY23 | 10.2 | 139.9 | 11.1 | 0.5 | 10.9% |
| FY22 | 4.7 | 105.0 | 1.0 | 0.1 | 7.0% |
| FY21 | 1.0 | 58.5 | 4.1 | 3.7 | 5.2% |
Radiowalla Network IPO SUBSCRIPTION STATUS DETAILS
Radiowalla Network had 1.9 M shares on offer
Radiowalla Network IPO offer price was in the range ₹72 - ₹76
Radiowalla Network IPO minimum Investment was ₹115200
Radiowalla Network IPO issue size was ₹ 135.0 M - ₹ 142.5 M
Radiowalla Network had a minimum lot size of 1600 Shares per application
Radiowalla Network NUMBER OF SHARES ON OFFER
Radiowalla Network IPO IMPORTANT DATES
| Issue Open Date | 27 Mar 2024 |
| Issue close Date | 02 Apr 2024 |
| Allotment Date | 03 Apr 2024 |
| Refund Date | 04 Apr 2024 |
| Demat Account Credit Date | 04 Apr 2024 |
| Listing Date | 05 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Radiowalla Network Allotment Status | Exchange |
Radiowalla Network IPO subscription opened on 27 Mar 2024, and closed on 02 Apr 2024
IPO allotment for Radiowalla Network was finalized on Wednesday, 03 Apr 2024
IPO listing for Radiowalla Network was on NSE on Friday, 05 Apr 2024
Radiowalla Network IPO LISTING GAINS
| Issue Price (adjusted) | 76.0 |
| Listing Open Price | 120.2 |
| Listing Close Price | 126.2 |
| Listing Gain% | 58.1% |
| Current Gain% | -65.1% |
Radiowalla Network Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Radiowalla Network Ltd. | 26.6 | 18.7 | 141.5 | -1.7 | 0.9 | 0.7 | 0.6 | 21 | -0.5 | 0.1 | -81 | 0.2 | -81 |
| Media Matrix Worldwide Ltd. | 14.9 | 1691.2 | 288.8 | 4.3 | 1.3 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 67.4 |
| Signpost India Ltd. | 267.6 | 1430.1 | 19.4 | 0.2 | 2.4 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Bright Outdoor Media Ltd. | 360 | 785.6 | 32.7 | 13 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | |||
| Praveg Ltd. | 276.6 | 722.9 | -62.7 | 0.4 | 3 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -4.4 | -171.9 |
| R K Swamy Ltd. | 103.3 | 521.6 | 23.6 | 1.3 | 1.5 | 8.4 | 5.2 | 351.7 | 14.9 | 22.1 | 18.5 | 4.4 | 18.5 |
Radiowalla Network INFORMATION ON IPO ISSUE
About Radiowalla Network
Radiowalla was incorporated on July 30, 2010. The company specializes in customer engagement services, offering in-store radio services (exclusive radio channels for brands) on a subscription model basis, corporate radio (private radio channels for employee engagement within organizations), and advertisement services. This includes digital signage solutions, content management services, and point-of-purchase advertising for our clients. We exclusively cater to the business-to-business (B2B) sector.
Object of the Issue
- To meet out the expenses for investment in technology
- To meet out the capital expenditure for the company
- To meet out the working capital requirements of the company
- To meet out the general corporate purposes
- To meet out the issue expenses
Radiowalla Network - PROMOTERS
| Name |
|---|
| Harvinderjit Singh Bhatia |
| Anil Srivatsa |
| Gurneet Kaur Bhatia |
Radiowalla Network Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Radiowalla Network Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Radiowalla Network Strengths
Global presence
The company has an extensive global presence, operating in diverse regions such as India, UAE, Mexico, Singapore, Sri Lanka, etc. This presence has allowed us to cultivate insights into our clients' diverse requirements and local cultures
Multi-lingual content
The company provides services in multiple languages, including English, Hindi, Tamil, Kannada, Telugu, Gujarati, Marathi, Bengali, Punjabi, Arabic, and others as needed. This strengthens our capacity to connect clients not only within specific regions but also across geographical borders
Established client base
The company's strength lies in its well-established client base and strategic partnerships with major retailers. Over the years, we have cultivated strong relationships with a diverse range of clients, earning their trust and loyalty
Radiowalla Network Risks
Outstanding litigation
There is outstanding litigation pending against the promoters, which, if determined adversely, could impact the business, results of operations, and financial condition
Negative cash flows
The company has experienced negative cash flows from its investing and financing activities in the current and previous years. Sustained negative cash flow could impact the growth and business
Fragmented and competitive market
The company operates in a significantly fragmented and competitive market. Any failure on its part to effectively compete may adversely affect profitability and market share
IPO FAQs
The promoters of the company are Harvinderjit Singh Bhatia, Anil Srivatsa and Gurneet Kaur Bhatia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 72.0 - 76.0.
The IPO application opens on Mar 27, 2024 and closes on Apr 02, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 121,600.0.
This IPO will be allotted on Apr 03, 2024.
The refund will be credited to your account on Apr 04, 2024.
The allotted shares will be credited to your demat on Apr 04, 2024.
Radiowalla Network Ltd.’s shares listed on the stock exchanges on Apr 05, 2024.