Radiowalla Network Limited(NSE SME)
Mar 27, 2024 - Apr 2, 2024
| Price | ₹72 - ₹76 |
| Premium | ₹38 |
|---|---|
| Lot size | 1600 |
| Allotment | Apr 3, 2024 |
| Listing | Apr 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 121600 | 386 |
| HNI | 2 | 3200 | 243200 | 166 |
Last updated on 02-Apr-2024 17:00:09
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 353600 | 31102400 | 87.96 |
| NIB | 265600 | 130750400 | 492.28 |
| RETAIL | 617600 | 218558400 | 353.88 |
| Total | 1236800 | 380411200 | 307.58 |
| Retail Apps | 136599 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹50.23 | @8% ₹57.4 | @9% ₹64.58 | @10% ₹71.75 | @11% ₹78.93 | @12% ₹86.1 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Rajasthan Global Securities Private Ltd | 217,600 | 41.34% | 1.65 |
| Bengal Finance and Investment Private Ltd | 156,800 | 29.79% | 1.19 |
| Nova Global Opportunities Fund PCC - Touchstone | 152,000 | 28.88% | 1.16 |
| Total | 526400 | 100.00% | 4.00 |
Radiowalla IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 32.94% | 617600 |
| NII (HNI) | 14.16% | 265600 |
| Anchor | 28.07% | 526400 |
| QIB | 18.86% | 353600 |
| Market Maker | 5.97% | 112000 |
| Total | 100.00% | 1875200 |
Established in July 2010, Radiowalla Network Limited has emerged as a leading provider of in-store radio services under a subscription model, catering exclusively to the business-to-business (B2B) sector. The company's offerings include exclusive radio channels for brands, corporate radio services for employee engagement, and advertisement solutions such as digital signage and point of purchase advertising. With a presence in countries like the UAE, Mexico, Sri Lanka, and the Middle East, Radiowalla Network has expanded its reach beyond its native market. Boasting two distinct verticals - Radio Engagement Solutions and Subscription Services, along with Advertisement Solutions - the company has demonstrated impressive revenue growth, with figures climbing from Rs. 585.05 Lakhs in FY 2021 to Rs. 1049.91 Lakhs in FY 2022. As of October 31, 2023, Radiowalla Network Limited employs 54 permanent professionals, underscoring its commitment to delivering high-quality services and driving further expansion in the B2B sector.
Radiowalla IPO Details
| 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 SS Corporate Securities |
Key Performance Indicator
| KPI | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 20.62% | 30.49% | 129.28% |
| ROCE | 21.28% | 35.86% | 113.40% |
| RONW | 20.62% | 30.49% | 129.28% |
| D/E | 0.08 | 0.19 | 0.69 |
| EPS (basic & diluted) | 24.24 | 24.25 | 11.16 |
| P/BV | 0.65 | ||
| P/E (Pre IPO) | 38.48 |
Company Financials
Radiowalla Network Limited Financial Information (Restated Consolidated)
Radiowalla Network Limited's revenue increased by 33.59% and profit after tax (PAT) rose by 117.36% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 883.29 | 813.53 | 527.53 | 530.81 |
| Revenue | 871.99 | 1,402.89 | 1,050.12 | 589.54 |
| Profit | 113.99 | 102.18 | 47.01 | 10.18 |
| Net Worth | 552.75 | 335.08 | 36.37 | -10.65 |
| Reserves | 576.16 | 362.09 | 58.25 | 12.11 |
| Borrowing | 52.05 | 78.74 | 69.64 | 83.04 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Integrated Business Model: Radiowalla Network Limited benefits from an integrated business model that encompasses various services, including in-store radio, corporate radio, and advertisement solutions. This diversification allows the company to capture revenue from multiple streams and offer comprehensive solutions to its clients.
Cordial Relations with Customers: Maintaining cordial relationships with customers is a significant strength for the company. Strong customer relations foster loyalty, repeat business, and positive word-of-mouth referrals, which are essential for sustained growth and profitability.
Quality Deliverables: Radiowalla Network Limited prioritizes delivering high-quality services to its clients. By consistently providing reliable and effective solutions, the company enhances customer satisfaction, builds trust, and establishes a reputation for excellence in the industry.
Favorable Government Policies: Benefiting from favorable government policies provides a significant advantage for the company. Supportive regulations or incentives from governments can create a conducive business environment, reduce operational barriers, and facilitate growth opportunities for Radiowalla Network Limited.
Risk Factors
Dependency on Retail Sector: The company's reliance on the growth and stability of the retail sector exposes it to risks associated with fluctuations in consumer spending habits, economic downturns, and disruptions in the retail industry. A decline in retail activity could adversely impact demand for Radiowalla Network's services and, consequently, its revenue and profitability.
Dependence on Content Creators and RJs: Radiowalla Network's business operations heavily rely on content creators and radio jockeys (RJs) for the creation of audio content. Any inability to retain or attract talented content creators and RJs may lead to a decline in the quality of content produced, which could result in decreased customer satisfaction, loss of market share, and ultimately, reduced revenue.
First-Generation Entrepreneur Promoters: The fact that the company's promoters are first-generation entrepreneurs introduces a risk related to their experience, expertise, and ability to effectively navigate challenges in the competitive business landscape. Lack of experience or unforeseen management issues could impact strategic decision-making and the overall performance of the company.
Radiowalla IPO Lead Manager(s)
- Narnolia Financial Services Ltd
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues