Radiowalla is in the business of customer engagement services which includes in-store radio services (exclusive radio channel for a brand) on a subscription model basis, corporate radio (private radio channels for employee engagement in the organization), and advertisement services which include digital signage solution, content management services and point of purchase advertising to their clients. They exclusively cater to the business-to-business (B2B) sector.
In the realm of In-Store Radio, they furnish audio services to diverse clients, including malls, retailers, and hospitals, addressing their background audio requirements. They offer background music services, which involve providing a selection of music to enhance the ambient atmosphere of various spaces. They deliver AI-driven playlists of continuously updated music.
In the domain of Corporate Radio, they extend audio services to corporate clients, encompassing both musical and non-musical components. The music facet comprises specified background music to enhance the ambient atmosphere of the office places of their 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. Their background music services aim to create a pleasant and customized auditory experience tailored to the specific needs and preferences of their clients and their respective environments.
Objects 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 IPO Review
- May Apply
Radiowalla IPO Date & Price Band Details
| IPO Open: | March 27, 2024 |
| IPO Close: | April 2, 2024 |
| IPO Size: | Approx ₹14.25 Crores, 1,875,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹72 to ₹76 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Radiowalla IPO Market Lot
The Radiowalla IPO minimum market lot is 1600 shares with a ₹121,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹121,600 |
| Retail Maximum | 1 | 1600 | ₹121,600 |
| S-HNI Minimum | 2 | 3200 | ₹243,200 |
Radiowalla IPO Dates
The Radiowalla IPO date is March 27 and the IPO close date is April 2. The IPO allotment date is April 3 and the IPO might list on April 5.
| IPO Open Date: | March 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Radiowalla IPO Form
How to apply Radiowalla IPO? You can apply Radiowalla IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Radiowalla IPO in the Invest section. The other option you can apply Radiowalla IPO via IPO forms download via the NSE website. Check out the Radiowalla forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Radiowalla Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹5.90 | ₹5.89 | ₹0.10 |
| 2022 | ₹10.50 | ₹10.06 | ₹0.47 |
| 2023 | ₹14.03 | ₹12.95 | ₹1.02 |
| Sept 2023 | ₹8.72 | ₹7.63 | ₹1.14 |
Radiowalla IPO Valuation – FY2023
Check Radiowalla IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹25.47 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 26.55% |
| Net Asset Value (NAV): | ₹95.93 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Anil Srivatsa
- Ms. Gurneet Kaur Bhatia
- Mr. Harvinderjit Singh Bhatia
Radiowalla IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
Radiowalla IPO Allotment Status
Check Radiowalla IPO allotment status on Maashitla Securities website URL. Click Here
Radiowalla IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Company Address
Radiowalla Network Limited
16A, Basement Floor,
Maratha Bhavan, Millers Tank Bund Road,
Vasanthnagar, Bangalore-560052
Phone: +91 8044999917
Email: [email protected]
Website: https://www.radiowalla.in/
