Radiowalla Network Limited IPO GMP Review: The IPO, which is going to open from March 27, is a book-built issue IPO with a total size of 14.25 crores. The company is issuing fresh 18.75 lakh shares through this IPO. Investors can apply for this IPO from 27 March to 2 April 2024. You will get to see this IPO listed on the SME, NSE exchange on Friday, April 5. Let’s know the full details of this IPO.
Radiowalla Network Limited IPO Detail
IPO Name
Radiowalla Network Limited
IPO Start Date
27 March 2024
IPO End Date
2 April 2024
Price Band
72-76 Per Share
Lot Size
1600 Shares
Face Value
10 Rs. Per Share
Total Issue Size
1,875,200 Shares
Fresh Issue Shares
1,875,200 Shares
Shares Allotment Date
Wednesday, 3 April 2024
Refund Date
Wednesday, 4 April 2024
Demat Transfer
Thursday, 4 April 2024
Listing Date
Friday, 5 April 2024
UPI Cut Off Time
5 pm 2 April 2024
Listing Exchange Name
SME, NSE
Radiowalla Network Limited IPOCategory Wise Lot Size
Category
Lots
Shares
Total Amount
Retail (Min.)
1
1600
121,600
Retail (Max.)
1
1600
121,600
HNI (Min.)
2
3,200
243,200
Radiowalla Network Limited IPOCompanyInformation
The company is promoted by Anil Srivats, Gurneet Kaur Bhatia and Harvinderjit Singh Bhatia. Incorporated in July 2010, this company works to provide radio service. Along with this, the company also provides advertising services such as signage solution, content management service.
The money raised from the IPO will be used for issue expenses, investment expenses in technology, capital expenditure.
Radiowalla Network LimitedCompanyFinancial Information
Period
30 October 2023
31 March 2023
31 March 2022
31 March 2021
Earnings
871.99 Lakh
1,402.89 Lakh
1,050.12 Lakh
589.54 Lakh
Profit After Tax
113.99 Lakh
102.18 Lakh
47.01 Lakh
10.18 Lakh
Net Worth
552.75 Lakh
335.08 Lakh
36.37 Lakh
-10.65 Lakh
Assets
883.29 Lakh
813.53 Lakh
527.53 Lakh
530.81 Lakh
Loan
52.05 Lakh
78.74 Lakh
69.64 Lakh
83.04 Lakh
Radiowalla Network Company has an ROE of 20.62% and ROCE of 21.28%.
This IPO is going to open from 27th March 2024 and its GMP and demand will be known once the IPO opens. The financial condition of the company is good and the company is also making profits. If this IPO sustains manifold subscriptions and GMP above 50%, then this IPO will be considered good for investment.
Note: The information associated with the IPO is for educational purposes only. Consider with your financial advisor before investing in an IPO.
