Radiowalla Network Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Radiowalla

CMP

120.00

+2.40 (2.04%)

  • DRHP
₹76

Offer Price

₹ 14.25 Cr

Issue Size

₹ 1,21,600

Min Investment

1,600

Lot size

Time Line

  • 27
    Mar 2024
    Open
  • 02
    Apr 2024
    Close
  • 03
    Apr 2024
    Finalisation of Basis of Allotment
  • 04
    Apr 2024
    Initiation of Refunds
  • 04
    Apr 2024
    Transfer of Shares to Demat Account
  • 05
    Apr 2024
    Listing Date

Objects of the Offer

  • Expand its international presence.

  • Embracing new technologies.

  • Creating a strong marketing and promotion strategy.

  • Customer centric Approach.

  • Customised experiences for the brands and their shoppers.

Products & Services

  • The Company is into the business of Customer engagement services which includes in-store radio services on subscription model basis, corporate radio and advertisement services

Strengths

  • 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.

Risks

  • The company is dependent upon the growth and stability of the retail sector.

  • The company cannot assure that its will be able to get the extension of Directorate of Advertising and Visual Publicity registration (which has now integrated into CBC) Empanelment Letter.

  • Its business is significantly dependent on content creators and RJs for creating audio or radio content. If th company is unable to retain them its business operations will be affected.

  • Its present promoters of the company are first generation enterpreneurs.

  • The Company does not own the premises through which its conduct its business operations.

Company Promoters

Promoters Holding

Issue For IPO
14.83%
Pre Holding

55.72%

Post Holding

40.89%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 12.12 (73.90%) 15.97 (31.80%) 18.50 (-)
Gross Profit 12.12 (73.90%) 15.97 (31.80%) 18.50 (-)
Net Income 12.12 (73.90%) 15.97 (31.80%) 18.50 (-)
Assets 12.12 (73.90%) 15.97 (31.80%) 18.50 (-)
Liabilities 12.12 (73.90%) 15.97 (31.80%) 18.50 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Radiowalla Network Ltd 15.97 1.02 4.97 1.62 18.50 24.25 79.51 1.76 0.21

Book Running Managers

  • Narnolia Financial Services Ltd

Registrar & Transfer Agent

Maashitla Securities Pvt Ltd

451 Krishna Apra Bus,
Netaji Subhash Place,
Pitampura - New Delhi-110034
Phone : 011-45121795 Fax: 01145121795

Company Contact Information

603 Sudhama Niwas 16th Road,
Khar (W),
Mumbai - 400052
Phone : +91 80449 99917 Email : compliance@radiowalla.in www.radiowalla.in

Offer Related Information

Initial public offering of up to 18,75,200 equity shares of Rs. 10/- each ("Equity Shares") of Radiowalla Network Limited ("RNL" or the "Company") for cash at a price of Rs. 76/- per equity share (the "Issue Price"), aggregating to Rs. 14.25 crores ("The Issue"). Out of the issue, 1,12,000 equity shares aggregating to Rs. 0.85 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 17,63,200... More

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