April 5, 2024
admin
Radiowalla Network IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
Radiowalla Network IPO Post Listing Review:
On 5 April, the scrip is listed at Rs. 120.15, premium of 58.09% over the issue-price of Rs. 76. This listing has been above the expectations of the grey market.
What is the last GMP of Radiowalla Network IPO?*
Premium: Rs.38
Subject to Rs. 46200
Check Subscription status of Radiowalla Network IPO
On 2 April 2024 5.00 pm (Day 5) (Closed)
Review:
QIB: 881600 Shares 87.96 T
NII: 264480 Shares 491.86 T
RII: 617120 Shares 353.98 T
Total: 1763200 Shares 307.54 T
What is the business of Radiowalla Network?
Radiowalla Network 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 organisation) and advertisement services which includes
digital signage solution, content management services and point of purchase advertising to its clients.
It exclusively caters to the business-to-business (B2B) sector.
In the realm of In-Store Radio, it furnishes audio services to diverse clients, including malls, retailers,
and hospitals, addressing their background audio requirements. It offers background music services,
which involve providing a selection of music to enhance the ambient atmosphere of various spaces. It
delivers AI-driven playlists of continuously updated music.
In the domain of Corporate Radio, it extends audio services to corporate clients, encompassing both
musical and non-musical components. The music facet comprises of a specified background music to
enhance the ambient atmosphere of the office places of its clients. The non-musical facet comprises
internal communications, announcements, birthday wishes, significant company news, and any other
information that the company intends to convey to its employees.
Under Visual Advertising, it offers Digital out of Home Advertising (DOOH) and Static Branding
Opportunities. Digital Out of Home Advertising (DOOH) represents a contemporary advertising
approach.
Get more information about the company @ https://www.radiowalla.in/
| Radiowalla Network IPO Details | |
| IPO opens on | 27 March 2024 |
| IPO closes on | 2 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1875200 Sh /Rs 14.25 Cr |
| * Fresh Issue | 1875200 Sh /Rs 14.25 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 112000 Sh. |
| Net offer to Public | 1763200 Sh./Rs.13.40 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 72-76 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Radiowalla Network IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 881600 | 6.70 |
| NII (50%) | 264480 | 2.01 |
| RII (50%) | 617120 | 4.69 |
| Total Shares | 1763200 | 13.40 |
| Retail portion will be oversubscribed by | 386 | |
| Forms | ||
| How much Shares to Apply in GConnect Logitech IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 121600 |
| Min HNI Application | 3200 Sh | Rs.243200 |
Who are the Promoters of Radiowalla Network IPO?
The promoters of the company are Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
What are the Objects of Radiowalla Network IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
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; and
To meet out the Issue Expenses.
| Radiowalla Network IPO Tentative timetable | |
| IPO opens on | 27 March 2024 |
| IPO Closes on | 2 April 2024 |
| IPO Allotment on | 3 April 2024 |
| Refund Initiation | 4 April 2024 |
| Credit of Shares | 4 April 2024 |
| Listing on | 5 April 2024 |
| Registered Office of the Company Radiowalla Network Limited 16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052 |
| Who is the Lead Manager of Radiowalla Network IPO? Narnolia Financial Services Ltd |
| Who is the Registrar to IPO? Maashitla Securities Pvt ltd |
| Radiowalla Network IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 5.90 | 0.10 | 2.41 | 95.57 |
| 2021-22 | 10.50 | 0.47 | 11.16 | 129.28 |
| 2022-23 | 14.03 | 1.02 | 1.98* | 30.49 |
| Book Value of the Share on | 31.03.2023 | Rs 79.52 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 76 | |||
| Radiowalla Network IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 38.38 |
| Price/BV Ratio | |
| Upper price/BV after IPO | – |
How Radiowalla Network IPO compares with the Peers?
No Listed peers are available as on the date of RHP.
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Radiowalla Network IPO To the point Guidance
Radiowalla Network 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 organisation) and advertisement services which includes digital signage solution, content management services and point of purchase advertising to its clients. It exclusively caters to the business-to-business (B2B) sector.
Size: The net size of the IPO is Rs.13.40 Cr comprising of 1763200 shares. The HNI portion is just Rs.2.01 Cr and Retail portion is Rs.4.69 Cr. The Retail portion will get oversubscribed with only 386 applications. So, oversubscription may be attained without any problem.
Financial Snapshot: The company has issued 4702760 equity shares as bonus shares in the month of November 2023 whereby the equity capital has increased to 5173036 shares. We have recalculated EPS of 2022-23 with the increased capital and the EPS comes to Rs. 1.98 and accordingly the shares are offered at pE multiple of 38.38. The company has shown sharp spurt in the net profits (from Rs. 10 lacs in the year 2020-21 to Rs. 1.02 Cr in 2022-23.) Such 10-fold rise raises eyebrows. There are large number of IPOs, so the investible funds may get divided and huge oversubscription may not be seen. Similarly grey market funds will also get divided. Small listing gains may be possible. May Apply.
Quicklinks
Radiowalla Network IPO GMP Detail IPO GMP today details?
Radiowalla Network IPO
Radiowalla Network IPO FAQs
What is Radiowalla Network IPO?
Radiowalla Network is a SME IPO of 1763200 equity shares of the face value of Rs. 10 aggregating up to Rs.13.40 Crores. The issue is priced at Rs.72-76 per share. The minimum order quantity is 1600 Shares.
When will Radiowalla Network IPO open?
Radiowalla Network IPO opens on March 27, 2024, and closes on April 2, 2024.
What is the lot size of Radiowalla Network IPO?
Radiowalla Network IPO lot size is 1600 Shares, and the minimum amount required is Rs.121600.
How to apply for Radiowalla Network IPO?
You can apply in Radiowalla Network IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Radiowalla Network IPO allotment?
The finalization of Basis of Allotment for Radiowalla Network IPO will be done on April 3, 2024, and the allotted shares will be credited to your demat account by April 4, 2024.
When is Radiowalla Network IPO listing date?
Radiowalla Network IPO listing date is April 05, 2024.
