Radiowalla Network Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 26-03-2024 | 01-03-2024 | 10 per share | 72 | 1600 Shares | NSE SME | N/A | 2024-03-02 18:30:00 | 2024-03-03 18:30:00 | 2024-03-03 18:30:00 | 04-03-2024 |
About The Company
Radiowalla IPO is a book built issue of Rs 14.25 crores. The issue is entirely a fresh issue of 18.75 lakh shares.
Radiowalla IPO opens for subscription on March 27, 2024 and closes on April 2, 2024. The allotment for the Radiowalla IPO is expected to be finalized on Wednesday, April 3, 2024. Radiowalla IPO will list on NSE SME with tentative listing date fixed as Friday, April 5, 2024.
Radiowalla IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹243,200.
Narnolia Financial Services Ltd is the book running lead manager of the Radiowalla IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Radiowalla IPO is Ss Corporate Securities.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 20-07-2023 | 883 | 872 | 114 | 552.75 | 576.16 | 52.05 |
| 20-07-2023 | 814 | 1403 | 102 | 335.08 | 362.09 | 78.74 |
| 20-07-2022 | 528 | 1050 | 47 | 36.37 | 58.25 | 69.64 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | 121600 |
| Retail (Max) | 1 | 1600 | 121600 |
| HNI (Min) | 2 | 3200 | 243200 |
IPO Listing Details
| Listing Date | 04-03-2024 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Mr. Anil Srivatsa, Ms. Gurneet Kaur Bhatia and Mr. Harvinderjit Singh Bhatia.
Contact Information of the Company
Radiowalla Network Limited
16A, Basement Floor,
Maratha Bhavan, Millers Tank Bund Road,
Vasanthnagar, Bangalore-560052
Phone: +91 8044999917
Email: compliance@radiowalla.in
Website: https://www.radiowalla.in/
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Manager
Narnolia Financial Services Ltd