Radiowalla Network Ltd
Price Range
₹72 - ₹76
Min. Quantity
1,600
Closes on
2 April 2024
Min. investment
₹1,21,600/1,600 Shares
Radiowalla Network Ltd IPO Timeline
The Company was incorporated as a private limited company with the name of 'Venturenet Partners Private Limited' under the Companies Act, 1956 vide certificate of incorporation dated July 30, 2010. Further, the company changed its name from 'Venturenet Partners Private Limited' to 'Radiowalla Network Private Limited' under Section 21 of Companies Act, 2013 and new certificate of Incorporation was issued by Registrar of Companies, Mumbai dated April 04, 2012. Furthermore, the company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the Company at the Extra Ordinary General Meeting held on November 09, 2023 and the name of the Company changed from 'Radiowalla Network Private Limited' to 'Radiowalla Network Limited' and Registrar of Companies, Mumbai has issued a new certificate of incorporation consequent upon conversion dated December 18, 2023,
| Event | Date |
|---|---|
| Radiowalla Network Ltd IPO Opening Date | 27 March 2024 |
| Radiowalla Network Ltd IPO Closing Date | 2 April 2024 |
| Basis of Allotment | 3 April 2024 |
| Initiation of Refunds | 4 April 2024 |
| Credit of Shares to Demat | 4 April 2024 |
| Radiowalla Network Ltd IPO Listing Date | 5 April 2024 |
Radiowalla Network Ltd IPO Details
| Radiowalla Network Ltd IPO Date | 27 March 2024 to 2 April 2024 |
| Radiowalla Network Ltd IPO Face Value | ₹10 per share |
| Radiowalla Network Ltd IPO Price | ₹72 to ₹76 per share |
| Radiowalla Network Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹14.25 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹14.25 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Anil Srivasta, Gurneet Kaur Bhatia, Harvinderjit Singh Bhatia |
Radiowalla Network Ltd IPO Lot Size
The Radiowalla Network Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,21,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,21,600 |
| Maximum | 1 | 1,600 | ₹1,21,600 |
- Strengths
- Risks
- Opportunities
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Integrated Business Model.
- Cordial relations with its customers.
- Quality Deliverables.
- Favourable Government policies.
Company Financials
Radiowalla Network Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 8.87 | 14.01 | 1.07 |
| 03-2022 | 5.99 | 10.49 | 0.46 |
| 03-2021 | 5.94 | 5.81 | 0.11 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in Technology
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purposes
Radiowalla Network Ltd IPO Promoter Holding
| Pre Issue Share Holding | 26.8% |
| Post Issue Share Holding | 19.67% |
Radiowalla Network Ltd IPO Subscription Status (Bidding Detail)
The Radiowalla Network Ltd IPO is subscribed 202.8976 times on 2 April 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 202.8976 |
Radiowalla Network Ltd IPO Prospectus
Radiowalla Network Ltd IPO Listing Date
| Listing Date | 5 April 2024 |
| BSE Script | 92684 |
| NSE Symbol | RADIOWALLA |
| Listing In | NSE - SME |
| ISIN | INE430U01019 |
| IPO Price | ₹76 |
| Face Value | ₹10 |
Company Contact Information
603 Sudhama Niwas 16th RoadKhar (W),Mumbai-400052
Phone: +91 80449 99917
Email: compliance@radiowalla.in
Website: www.radiowalla.in
Radiowalla Network Ltd IPO Registrar
Radiowalla Network Ltd IPO Lead Manager(s)
- Narnolia Financial Services Ltd
FAQ
What is the issue size of Radiowalla Network Ltd IPO?
I have pre-applied for Radiowalla Network Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.