IPO Details
Bidding Dates
27 Mar 24 - 02 Apr 24
Price Range ₹
72 - 76
Total Equity
₹ 14.25Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 Mar 2024
Offer end
02 Apr 2024
Allotment
03 Apr 2024
Refund initiation
04 Apr 2024
Demat transfer
04 Apr 2024
Listing
05 Apr 2024
Offer start
27 Mar 2024
Offer end
02 Apr 2024
Allotment
03 Apr 2024
Refund initiation
04 Apr 2024
Demat transfer
04 Apr 2024
Listing
05 Apr 2024
About Company
Established in July 2010, Radiowalla Network Limited specializes in customer engagement services tailored for the business-to-business (B2B) sector. Their offerings include in-store radio services provided on a subscription basis, corporate radio channels for internal employee engagement, and a range of advertising services such as digital signage solutions, content management, and point-of-sale advertising.In the realm of business radio services, the company caters to clients across diverse sectors such as shopping malls, retailers, and hospitals, meeting their background sound needs. They provide background music services with a curated selection to elevate the ambiance of different spaces, offering AI-driven playlists updated regularly.
Year Founded
30-07-2010
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 55.8 | 40.95 |
| Share Capital | 2886477 | 2886477 |
Offer to Public
18,75,200.00 Cr
Project Details
- Capital Expenditure - 19cr
- Working Capital Requirement - 45cr
- Investment in Technology - 31cr
Objectives
- To meet out the expenses for Investment in TechnologyTo meet out the Capital Expenditure for the CompanyTo meet out the Working Capital requirements of the CompanyTo meet out the General Corporate Purposes
- andTo meet out the Issue Expenses.
Highlights
- A focus on understanding customer preferences and continuously enhancing services.
- Affiliated with the Directorate of Advertising and Visual Public Relations (DAVP), now part of the Central Bureau of Communication (CBC).
- Offering content in multiple languages to cater to a wide audience base.
- With a global presence, they cater to diverse markets and regions.
- The company boasts a seasoned and tailored management team.
Challenges
- The company conducts its business operations without owning the premises, which could impact its long-term stability and operations.
- The current promoters are first-generation entrepreneurs, shaping the company's direction.
- The company's operations are significantly reliant on content creators and radio jockeys (RJs) for audio content; losing them could impact business operations.
- Uncertainty surrounds the extension of the Directorate of Advertising and Visual Publicity (DAVP) registration, now integrated into the CBC.
- The company's performance relies on the growth and stability of the retail industry.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 521.36 | 42.14 | 47.01 | 47.01 | 1.0142 |
| 2023 | 807.72 | 42.14 | 10.18 | 10.18 | 0.2196 |
| 2022 | 515.65 | 42.14 | 102.18 | 102.18 | 2.2043 |
