Radiowalla Network Limited IPO

Exciting news in the Indian IPO scenario! Radiowala Network Limited is launching its initial public offering. This company is a pioneer in providing in-store radio services, which is set to shake up both the stock market and the retail world.

Company Information:

Radiowalla Network Limited launched in July 2010 and has transformed the way brands connect with their customers through in-store radio. They offer subscription-based radio channels tailored to each brand, making the shopping experience more enjoyable and building customer loyalty.

IPO Overview:

Radiowala IPO will launch on March 27, 2024, with each share priced between ₹72 and ₹76. They plan to raise ₹14.25 crore by issuing 18.75 lakh new shares. The IPO will close on April 2, 2024, and trading may begin on April 5, 2024.

IPO opening dateWednesday, March 27, 2024
IPO closing dateTuesday, April 2, 2024
allotmentWednesday, April 3, 2024
Initiation of refundThursday, April 4, 2024
Credit of shares in dematThursday, April 4, 2024
IPO listingFriday, April 5, 2024
Cut-off for UPI Mandate VerificationApril 2, 2024 at 5 pm

Radiowalla IPO Lot Size

ApplicationlotshareAmount
Retail (minimum)11600₹121,600
Retail(Max)11600₹121,600
HNI (minimum)23200₹243,200

Financial Highlights:

Radiowala’s financial position shows strong growth. Their revenue increased from ₹585.05 lakh in FY 2021 to ₹1049.91 lakh in FY 2022. They also made huge profits after tax, which shows that they are doing well in the market.

Market Opportunities:

The market for in-store radio is growing rapidly, and Radiowala is leading the way with its business-to-business model. They are also offering services in other countries like UAE, Mexico, Sri Lanka and the Middle East, which shows that they are going global.

Investment Argument:

Investors interested in retail and advertising may view Radiowalla Network Limited IPO as a great opportunity. Their creative approach to branding stores and expanding internationally makes them stand out as a unique investment option.

Conclusion:

Radiowala Network Limited IPO is an opportunity to invest in a company that is shaping the future of retail. With strong finances and a clear plan for growth, Radiowala can be a smart addition to any investor’s portfolio.

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