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Radiowalla IPO
Price Band
₹72.0–76.0
Issue Size
₹14.25 Cr
Lot Size
1,600 shares
Min Investment
₹121,600
GMP
+₹38.0 (50.0%)
Issue Price
₹76.0
Subject to Sauda
₹46200
Paid only if allotted
Radiowalla IPO AI Summary
- Radiowalla IPO is listed on NSE SME in the Media & Entertainment sector.
- Price band: ₹72.0–₹76.0 per share, lot size 1,600 shares (min. investment ₹121,600).
- Subscription window: 27 Mar–02 Apr 2024, listing on 05 Apr 2024.
- Current GMP is +₹38.0 (50.0%), an estimated listing price of ₹114 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Radiowalla IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Radiowalla IPO Grey Market Premium (GMP) Today
GMP
+₹38.0
GMP %
+50.0%
Est. Listing
₹114.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in July 2010, Radiowalla Network Limited provides in-store radio services on a subscription model basis, which includes an exclusive radio channel for a brand. The company also offer corporate radio services, which provide private radio channels for employee engagement within an organisation. Additionally, the company provides advertisement services such as digital signage solution, content management services, and point of purchase advertising to our clients. Our services are exclusively catered to the business-to-business (B2B) sector. The company provides services directly to other businesses under a Business-to-Business (B2B) model. They have expanded their business into two verticals. 1. Radio Engagement Solutions and Subscription services 2. Advertisement Solutions. The company offers its services in countries such as UAE, Mexico, Sri Lanka and the Middle East as well. The revenue of the company has increased from Rs. 585.05 Lakhs in the FY 2021 to Rs. 1049.91 Lakhs in FY 2022. As of October 31, 2023, the company has 54 permanent employees.
Company Financials (₹ Cr)
As of 2023-10-31
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.83 | 8.14 | 5.28 | 5.31 |
| Total Income | 8.72 | 14.03 | 10.50 | 5.90 |
| Profit After Tax | 1.14 | 1.02 | 0.47 | 0.10 |
| NET Worth | 5.53 | 3.35 | 0.36 | -0.11 |
| Reserves and Surplus | 5.76 | 3.62 | 0.58 | 0.12 |
| Total Borrowing | 0.52 | 0.79 | 0.70 | 0.83 |
Key Ratios
EPS
₹1.98
NAV
₹117.54
ROE
20.62%
ROCE
21.28%
RoNW
20.62%
P/B Value
0.65
P/E Ratio
38.48
Market Cap
₹53.57 Cr
PAT Margin
13.07%
Debt/Equity
0.09
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Radiowalla Network Limited This IPO | 95.93 | 18.5% | 24.51 | 24.51 |
Promoters
Anil Srivatsa, Gurneet Kaur Bhatia and Harvinderjit Singh Bhatia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in Technology 3.10 2 Capital Expenditure 1.90 3 Working Capital Requirement 4.50 4 General Corporate Purposes 2.63 5 Issue Expenses 2.13
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue increased from ₹5.90 Cr in FY 2021 to ₹10.50 Cr in FY 2022, and further rose to ₹14.03 Cr by 31 Mar 2023. However, the most recent figure is ₹8.72 Cr as of 31 Oct 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax rose from ₹0.10 Cr in FY 2021 to ₹0.47 Cr in FY 2022, and increased to ₹1.02 Cr by 31 Mar 2023. The latest figure is ₹1.14 Cr as of 31 Oct 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Radiowalla's implied P/E at the issue price of ₹76.0 is approximately 38.48, compared to peers trading at a similar range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before the actual listing. A positive GMP suggests that demand is high and investors expect a good listing gain.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's business model and market position.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid investing in IPOs like this, which can be more volatile and uncertain.
Listing Gains — The Risk
Listing-day gains can be unpredictable, and while a high GMP may indicate potential profits, it does not guarantee that the stock will perform well after listing. Investors should be aware of the inherent risks involved.
This evaluation is generated from Radiowalla's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Radiowalla IPO GMP today?
Radiowalla IPO GMP today is +₹38.0 (50.0%), indicating an estimated listing price of ₹114. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Radiowalla IPO?
The price band of Radiowalla IPO is ₹72.0–₹76.0 per share.
When does Radiowalla IPO open and close?
Radiowalla IPO opens on 27 March 2024 and closes on 02 April 2024.
When does Radiowalla IPO list on the stock exchange?
Radiowalla IPO listed on 05 April 2024 at ₹114.0.
What is the lot size for Radiowalla IPO?
The lot size for Radiowalla IPO is 1600 shares, requiring a minimum investment of ₹121,600.
What is the lot size for this IPO?
The lot size for the Radiowalla IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹121,600.
What is the price band for the IPO?
The price band for the IPO is between ₹72.0 and ₹76.0.
When does the IPO open and close?
The IPO opens on March 27, 2024, and closes on April 2, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which reflects the expected price at which shares may trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Mar 2024
Close
02 Apr 2024
Allotment
03 Apr 2024
Listing
05 Apr 2024
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