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Radiowalla Network IPO
Radiowalla Network Limited
₹1,15,200 /1600 sharesMinimum Investment
Radiowalla Network IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Mar ‘24 - 2 Apr ‘24 | ₹1,15,200 | 1,600 | ₹72 - ₹76 |
| Issue Size | IPO Doc |
|---|---|
| 14.25Cr | RHP PDF |
About Radiowalla Network
Founded in
2010
Managing director
Mr. Harvinderjit Singh Bhatia
Parent organisation
Radiowalla Network Limited
Strengths & Financials of Radiowalla Network
Strengths
Risks
Since its inception, the company has been able to expand its operations internationally. It operates in India, UAE, Mexico, Singapore, Sri Lanka, etc.
The company's services are offered in multiple languages such as English, Hindi, Tamil, Kannada, Telugu, Gujarati, Marathi, Bengali, Punjabi, Arabic, etc.
The company is registered with the Directorate of Advertising and Visual Publicity ("DAVP"), now integrated into the Central Bureau of Communication ("CBC"), which offers communication solutions to Ministries, Departments, Public Sector Undertakings (PSUs), and autonomous bodies.
The company reported revenue from operations of Rs. 5.85 cr, Rs. 10.50 cr and Rs. 13.99 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 0.10 cr, Rs. 0.47 cr and Rs. 1.02 cr respectively.
The business relies heavily on content creators and radio jockeys (RJs) for audio and radio content creation; failure to retain them could adversely impact business operations.
The company and its promoters are currently involved in ongoing litigation. Any adverse outcome could have a significant impact on the business operations and company financials.
The company's in-store radio services rely on licensed music playlists sourced from two key aggregators. These non-exclusive agreements are crucial for continuous background music broadcast, posing a risk due to the company's dependence on them.
The company operates its business from registered and corporate offices in Bangalore. India and select countries constitute a significant portion of revenue for the periods ending October 2023 and March 31st of 2023, 2022, and 2021. Factors such as political and geographical changes, increased competition, and shifts in demand pose potential risks to the business.
The company's primary revenue source stems from radio engagement and subscription services. Any adverse circumstances affecting the accessibility, popularity of the brand, or the quality of services provided may significantly impact its financial performance.
The company's business relies heavily on a small number of customers. Any loss or significant decrease in contract awards from these customers could negatively impact the company's operations. Its top 10 customers contributed 60.39%, 48.06% and 47.50% to revenue from operations generated in FY 2021, 2022 and 2023 respectively.
Radiowalla Network Financials
*All values are in Rs. Cr
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Application Details of Radiowalla Network IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹72 - 76 | ₹2 - 5 Lakh |
| High Networth Individual | ₹72 - 76 | ₹2 - 5 Lakh |
For Radiowalla Network IPO, eligible investors can apply as Regular.