{"id":36420,"date":"2024-03-22T17:47:22","date_gmt":"2024-03-22T12:17:22","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/03\/22\/radiowalla-network-limited-ipo-opens-on-march-27-2024\/"},"modified":"2024-03-22T17:47:22","modified_gmt":"2024-03-22T12:17:22","slug":"radiowalla-network-limited-ipo-opens-on-march-27-2024","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/03\/22\/radiowalla-network-limited-ipo-opens-on-march-27-2024\/","title":{"rendered":"Radiowalla Network Limited IPO Opens on March 27, 2024"},"content":{"rendered":"
\n

Pune (Maharashtra) [India], March 22:<\/strong> Radiowalla Network Limited, one of the leading providers of B2B customer engagement services, has announced its plan to go public with an Initial Public Offering on March 27, 2024. The company is aiming to raise\u00a0\u20b9\u00a014.25 Crore\u00a0on upper price band\u00a0through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n

The issue size is Up to\u00a018,75,200\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

\u2013 QIB Anchor Portion \u2013 Up To 5,26,400 Equity Shares<\/p>\n

\u2013 Qualified Institutional Buyers (QIB) \u2013 Up To 3,53,600 Equity Shares<\/p>\n

\u2013 Non-Institutional Investors (NII) \u2013\u00a0Up To 2,65,600 Equity Shares<\/p>\n

\u2013 Retail Individual Investors (RII) \u2013\u00a0Up To 6,17,600 Equity Shares<\/p>\n

\u2013 Market Maker \u2013\u00a0Up To 1,12,000 Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for meeting the expenses for investment in technology, capital expenditure, working capital requirements of the company, and general corporate expenses. The bidding for the Anchor portion will open on March 26, 2024, and the issue will close on April 02, 2024.<\/p>\n

The Book Running Lead Manager to the Issue\u00a0is\u00a0Narnolia Financial Services Limited. The Registrar to the Issue is\u00a0Maashitla Securities Private Limited.<\/p>\n

As on RHP date shareholding, Marquee Investor Ashish Kacholia holds 10.60% equity in the company.\u00a0<\/p>\n

Mr. Harvinderjit Singh Bhatia, Co-founder & CEO\u00a0said, \u201cGoing public with an Initial Public Offering is a significant milestone for us. It marks a pivotal moment in our company\u2019s journey, showcasing our commitment to growth and expansion. Radiowalla is known for its innovative B2B customer engagement services. Our commitment to delivering cutting-edge solutions tailored to the evolving needs of businesses has been a cornerstone of our success. We are excited about the opportunities this IPO will unlock, particularly in terms of technology investment, capital expenditure, and enhancing our operational capabilities. This move underscores our confidence in Radiowalla\u2019s potential to further establish itself as a leader in B2B customer engagement services.\u201d<\/p>\n

Mr. Vipin Aggarwal, Director (Investment Banking) of\u00a0Narnolia Financial Services Limited\u00a0said, \u201cWe are pleased to be part of this pivotal moment in the company\u2019s journey. Radiowalla\u2019s diverse portfolio of B2B customer engagement services, ranging from in-store radio to digital advertising solutions, positions it as a trailblazer in the industry. Operating across multiple countries, Radiowalla serves diverse markets with a focus on delivering impactful communication strategies and driving customer engagement in the B2B sector. \u00a0The IPO presents an exciting opportunity for Radiowalla to access capital markets and fuel its growth trajectory. We are confident that Radiowalla\u2019s continued innovation and strategic vision will pave the way for enduring success in the B2B customer engagement sector.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pune (Maharashtra) [India], March 22: Radiowalla Network Limited, one of the leading providers of B2B…<\/p>\n","protected":false},"author":1,"featured_media":36421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-36420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/36420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=36420"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/36420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/36421"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=36420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=36420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=36420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}