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Radiowalla Network IPO
Radiowalla Network Limited
₹1,15,200 /1600 sharesMinimum investment
IPO details
Minimum investment
₹1,15,200
Price range
₹72 - ₹76
Lot size
1,600
Issue size
14.25 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
27 Mar 2024
IPO open date
2 Apr 2024
IPO close date
3 Apr 2024
Allotment date
3 Apr 2024
Funds unblock or debit
5 Apr 2024
Tentative listing date
About
Founded in
2010
MD/CEO
Mr. Harvinderjit Singh Bhatia
Parent organisation
Radiowalla Network Limited
Radiowalla Network Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Radiowalla Network IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹72 - ₹76 | ₹2 - ₹5 Lakhs | 1600 |
| High Networth Individual | ₹72 - ₹76 | ₹2 - ₹5 Lakhs | 1600 |