Radiowalla IPO Date, Review, Price, Allotment Details

Radiowalla IPO Details: Radiowalla IPO date is fixed, The IPO will open on March 27 and will close on April 2. Radiowalla is a NSE SME IPO to raise ₹14.25 crores via IPO. The Radiowalla IPO price band is fixed at ₹72 to ₹76 with a market lot of 1600 shares.

Radiowalla IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹121,600
Retail Maximum11600₹121,600
S-HNI Minimum23200₹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
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]

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]

Radiowalla IPO FAQs

What is Radiowalla IPO?

Radiowalla IPO is an NSE SME IPO. They are going to raise ₹14.25 Crores via IPO. The issue is priced at ₹72 to ₹76 per equity share. The IPO is to be listed on NSE.

When Radiowalla IPO will open?

The IPO is to open on March 27, 2024 for QIB, NII, and Retail Investors.

What is Radiowalla IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Radiowalla IPO?

You can apply Radiowalla IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Radiowalla IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Radiowalla IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Radiowalla IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Radiowalla IPO Size?

Radiowalla IPO size is ₹14.25 crores.

What is Radiowalla IPO Price Band?

Radiowalla IPO Price Band is ₹72 to ₹76 per equity share.

What is Radiowalla IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹121,600.

What is Radiowalla IPO Allotment Date?

Radiowalla IPO allotment date is April 3, 2024.

What is Radiowalla IPO Listing Date?

Radiowalla IPO listing date is April 5, 2024. The IPO to list on NSE SME.

Note: The Radiowalla IPO details are announced officially. The IPO grey market premium (Radiowalla IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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