The Radiowalla IPO date has been confirmed from March 27, 2024, and closes on April 2, 2024. Read the post to learn about Radiowalla IPO GMP.
Radiowalla Developers IPO is hitting the market with a fixed price offering of Rs 14.25 crores, offering shares in the range of ₹72 to ₹76 each. Radiowalla IPO GMP Today is ₹30. To get in on the action, investors need to commit to a minimum lot size of 1600 Shares, translating to an entry investment of ₹121,600 for retail players and ₹243,200 for the big hitters, the High Net Worth Individuals (HNIs).
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Bidding Dates
Mar 27 – Apr 2
Price Range
₹72 to ₹76 per share
Face Value
₹10 per share
GMP
₹43
Radiowalla IPO GMP
The Radiowalla IPO GMP Today is ₹43.
IPO Overview
This IPO is unleashing a fresh offering of 18.75 lakh shares, up for grabs from March 27, 2024, until April 2, 2024. We’re expecting the allocation to wrap up by April 3, 2024, with plans to hit the NSE SME listings by April 5, 2024.
Radiowalla IPO Details
| IPO Date | March 27, 2024 to April 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
| Fresh Issue | 1,875,200 shares (aggregating up to ₹14.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,173,036 |
| Share holding post issue | 7,048,236 |
| Market Maker portion | 112,000 shares |
Radiowalla Limited Financial Information
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 883.29 | 813.53 | 527.53 | 530.81 |
| Revenue | 871.99 | 1,402.89 | 1,050.12 | 589.54 |
| Profit After Tax | 113.99 | 102.18 | 47.01 | 10.18 |
| Net Worth | 552.75 | 335.08 | 36.37 | -10.65 |
| Reserves and Surplus | 576.16 | 362.09 | 58.25 | 12.11 |
| Total Borrowing | 52.05 | 78.74 | 69.64 | 83.04 |
| Amount in ₹ Lakhs | ||||
Radiowalla IPO Timeline
| IPO Open Date | Wednesday, March 27, 2024 |
| IPO Close Date | Tuesday, April 2, 2024 |
| Basis of Allotment | Wednesday, April 3, 2024 |
| Initiation of Refunds | Thursday, April 4, 2024 |
| Credit of Shares to Demat | Thursday, April 4, 2024 |
| Listing Date | Friday, April 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2024 |
Company Profile
Radiowalla Network Limited, kicking off in July 2010, is all about in-store radio services, tailored exclusively for the business-to-business (B2B) scene. Their menu includes corporate radio services, with private radio channels to keep employees tuned in, and they even dish out advertising services like content management and digital signage. And the numbers? Well, revenue’s been on the upswing, climbing from Rs. 585.05 Lakhs in FY 2021 to Rs. 1049.91 Lakhs in FY 2022. And as of October 31, 2023, they’ve got a solid team of 54 permanent staff members keeping the wheels turning.
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | ipo@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | Radiowalla Network Limited |
| Phone number | +91 8044999917 |
| Email ID | compliance@radiowalla.in |
| Website | radiowalla.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
