Radiowalla Network IPO Details Today, GMP Price, Date, Review

Radiowalla Network IPO Subscription Status, Rate

OUR BUSINESS

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 our clients. We exclusively cater to the business-to-business (B2B) sector.

In the realm of In-Store Radio, we furnish audio services to diverse clients, including malls, retailers, and hospitals, addressing their background audio requirements. We offer background music services, which involve providing a selection of music to enhance the ambient atmosphere of various spaces. We deliver AI-driven playlists of continuously updated music.

In the domain of Corporate Radio, we extend 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 our 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. Our background music services aim to create a pleasant and customized auditory experience tailored to the specific needs and preferences of our clients and their respective environments.

RADIOWALLA NETWORK IPO DATE & PRICE BAND DETAILS

IPO Open Date Mar 27, 2024
IPO Close Date April 2, 2024
IPO Size 1,875,200 shares (Approx ₹14.25 Cr)
Fresh Issue 1,875,200 shares (Approx ₹14.25 Cr)
Lot Size 1600 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹72 to ₹76 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

RADIOWALLA NETWORK IPO MARKET LOT DETAILS

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹121,600
Retail Maximum 1 1600 ₹121,600
S-HNI Minimum 2 3200 ₹243,200

OBJECTS OF 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 IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open Date Mar 27, 2024
IPO Close Date April 2, 2024
Basis of Allotment April 3, 2024
Refunds April 4, 2024
Credit to Demat Account April 4, 2024
IPO Listing Date April 5, 2024

RADIOWALLA NETWORK FINANCIAL REPORTS

₹ in Crores
Year Revenue Expense PAT
2023 6Month ₹8.72 ₹7.63 ₹1.14
2023 ₹14.03 ₹12.95 ₹1.02
2022 ₹10.50 ₹10.06 ₹0.47
2021 ₹5.90 ₹5.89 ₹0.10

Qualitative Factors

  •  Leveraging the experience of our Promoters.
  •  Experienced management team and a motivated and efficient work force.
  •  Integrated Business Model.
  •  Cordial relations with our customers.
  •  Quality Deliverables.
  •  Favourable Government policies.

RADIOWALLA NETWORK PEER COMPARISON COMPANY

N/A

OUR COMPANY PROMOTER

  • Harvinderjit Singh Bhatia
  • Anil Srivatsa
  • Gurneet Kaur Bhatia

RADIOWALLA NETWORK COMPANY CONTACT DETAILS

603, Sudhama Niwas 16th Road, Khar (W),
Mumbai, Maharashtra-400052*;
Tel.: +91 8044999917
E-mail: compliance@radiowalla.in
Website: www.radiowalla.in

RADIOWALLA NETWORK IPO REGISTAR

Maashitla Securities Private Limited
451, Krishna Apra Business Square, Netaji Subhash
Place, Pitampura, Delhi – 110034, India
Tel No.: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Person: Mr. Mukul Agrawal

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