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TCS, HDFCBANK, SBI Liquid Fund (G)
Radiowalla Network Ltd.

RADIOWALLA

Equity

NSE

Min. Investment

72,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage55.840.95
Share Capital28864772886477

Offer to Public

18,75,200.00 Cr

Project Details

  • Working Capital Requirement - 45cr
  • Investment in Technology - 31cr
  • Capital Expenditure - 19cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
2021521.3642.14102.18102.182.2043
2022515.6542.14102.18102.182.2043
2023807.7242.1410.1810.180.2196
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