Radiowalla Network Limited

Company Profile
Company Name Radiowalla Network Limited
Open Date 27-03-2024
Close Date 02-04-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹72 to ₹76 per share
Issue Size 18,75,200 shares
Application Amount ₹1,21,600
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Radiowalla Network Limited was originally incorporated in the year 2010 and has its registered office in Bangalore, Karnataka, India. Company is into the business of Customer engagement services which includes in-store radio services (exclusive radio channel for a brand) on subscription model basis, corporate radio (private radio channels for employee engagement in organisation) and advertisement services which includes digital signage solution, content management services and point of purchase advertising to clients. Company exclusively caters to the business-to-business (B2B) sector. As on the date of Prospectus, the Company had 54 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Oct-23
Total Assets 530.81 527.53 813.53 883.29
Net Assets -10.65 36.37 335.08 552.75
Total Borrowings 83.04 69.64 78.74 52.05
Total Revenue 589.54 1,050.12 1,402.89 871.99
Profit After Tax 10.18 47.01 102.18 113.99

Tentative Timeline

Opening Date 27-03-2024
Closing Date 02-04-2024
Basis of Allotment 03-04-2024
Initiation of Refunds 04-04-2024
Credit of Shares to Demat 04-04-2024
Listing Date 05-04-2024

Objects of the Issue

To meet out the expenses for Investment in Technology.
To meet out the Capital Expenditure for the Company.
To meet Working Capital requirements.
General corporate purposes.
To meet out the Issue Expenses.

Contact Information

Registered Office Radiowalla Network Limited 16A, Basement Floor, Maratha Bhavan, Millers Tank Bund Road, Vasanthnagar, Bangalore-560052
Phone +91 8044999917

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96

IPO Reservation

QIB Shares Offered Not More than 50% of the Net Issue
Retail Shares Offered Not Less than 35% of the Net Issue
NII (HNI) Shares Offered Not Less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 55.80%
Share Holding Post Issue (Promoters) 40.95%

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