Radiowalla Network launches INR 14.25cr IPO with 18.75 lakh shares. Funds raised will boost tech, capital expenditure, working capital & corporate purposes.
Date: Mar 27 to April 2, 2024 Listing Date: April 5, 2024 Price: INR 72 to 76 per share Lot Size: 1600 Shares Total Issue Size: INR 14.25cr
Radiowalla Network Ltd IPO shows dynamic performance,initial revenue surge followed by recent caution.Improved equity & profitability metrics offer optimism in evolving markets.
Radiowalla's IPO aims to invest INR 3.10 crores in advancing its "Platform" for in-store radio, INR 1.90 crores in visual advertising solutions, and INR 4.5 crores in working capital.
Radiowalla faces risks from content creators & RJs retention, pending litigation against Promoters & dependency on Sochcast Media for voice-over artists,posing operational risks.
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