Radiowalla Network Limited IPO
Radiowalla Network Limited IPO
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The public market debut of Radiowalla Network Limited's was completed on 05-04-2024 with its listing on the NSE exchange. The IPO process raised 18,75,200 Shares in total capital, consisting of 18,75,200 Shares in new equity.
The offering featured a price range of ₹72 to ₹76 and minimum application size of 1600 shares. Investor response during the subscription period from 27-03-2024 to 02-04-2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on 03-04-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Radiowalla Network IPO About Company
Radiowalla Network Limited, established in July 2010, has become a prominent provider of in-store radio services under a subscription-based B2B model, offering brand-exclusive radio channels, corporate radio for employee engagement, and advertisement solutions such as digital signage and point-of-purchase advertising. Expanding beyond India, the company has established a presence in the UAE, Mexico, Sri Lanka, and the Middle East. With two key verticals—Radio Engagement Solutions & Subscription Services and Advertisement Solutions—Radiowalla has demonstrated significant revenue growth, increasing from ₹585.05 lakhs in FY 2021 to ₹1,049.91 lakhs in FY 2022. As of October 31, 2023, the company employs 54 permanent professionals, reinforcing its commitment to quality service and continuous expansion in the B2B media solutions sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Radiowalla Network IPO Strength Factors
- Diverse Business Model: Radiowalla Network Limited offers a mix of services like in-store radio, corporate radio, and advertising, ensuring multiple revenue streams and a well-rounded business approach.
- Strong Customer Relationships: The company values its clients, fostering loyalty and repeat business through positive experiences and reliable service.
- High-Quality Services: Delivering top-notch solutions helps build trust and a strong reputation in the industry.
- Government Support: Favorable policies and regulations provide a boost, making it easier to grow and operate efficiently.
Radiowalla Network IPO Risk Factors
- Tied to the Retail Sector: Since the company depends on the retail industry, any slowdowns in consumer spending or retail disruptions could hurt its business and revenue.
- Reliance on Talent: The company depends on content creators and radio jockeys (RJs) to produce engaging audio content. Losing top talent could affect content quality, customer satisfaction, and market position.
- Leadership Experience Risk: As a first-generation entrepreneur-led company, there’s a learning curve in navigating business challenges, which could impact strategic decisions and long-term success.
Radiowalla Network IPO Lead Manager(s)
- Narnolia Financial Services Limited
Radiowalla Network IPO Promoter(s)
- Mr. Anil Srivatsa
- Ms. Gurneet Kaur Bhatia
- Mr. Harvinderjit Singh Bhatia
Radiowalla Network IPO FAQs
Radiowalla Network Limited IPO subscribed 307.58 times. The public issue subscribed 353.88 times in the retail category,87.96times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:07:04 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Radiowalla Network IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Radiowalla Network IPO FAQs
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