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IPO

IPO Synopsis
Radiowalla Network Ltd
Registered Office: 603 Sudhama Niwas 16th Road,Khar (W) , Mumbai - 400052 , Maharashtra , India.
Phone : +91 80449 99917   Fax:
Email :  compliance@radiowalla.in  
Website :  www.radiowalla.in
Initial public offering of up to 18,75,200 equity shares of Rs. 10/- each ("Equity Shares") of Radiowalla Network Limited ("RNL" or the "Company") for cash at a price of Rs. 76/- per equity share (the "Issue Price"), aggregating to Rs. 14.25 crores ("The Issue"). Out of the issue, 1,12,000 equity shares aggregating to Rs. 0.85 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 17,63,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 76/- per equity share aggregating to Rs. 13.40 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.61 % and 25.02% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the floor price and cap price are 7.2 times and 7.6 times of the face value of the equity shares, respectively.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Mar-24 02-Apr-24 Rs76.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 12.13
Narnolia Financial Services Ltd
Project Financed through Current Offer 14.25  
Post Issue Equity Share Capital 7.05  
Issue Price Rs76.00  
 
Projects
Investment in TechnologyWorking Capital Requirement
Capital ExpenditureGeneral Corporate Purposes
Promoted By
Anil Srivasta
Gurneet Kaur Bhatia
Harvinderjit Singh Bhatia
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd