| IPO date | 27 Mar 2024 – 02 Apr 2024 |
| Listing date | 05 Apr 2024 |
| Price range | 72 – 76 |
| Minimum order quantity | 1600 | (D)RHP | View |
Radiowalla Network Limited is launching its IPO. The offer opens for subscription on March 27, 2024, and closes on April 2, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Radiowalla Network Limited do?
Radiowalla Network Limited, formerly known as Venturenet Partners Private Limited, underwent several transformations since its inception, including a change in name and conversion from a private to a public limited company. Originally incorporated in 2010 in Mumbai, India, the company shifted its registered office to Karnataka in 2023.
Radiowalla Network operates in the business-to-business (B2B) sector, specializing in customer engagement services such as in-store radio, corporate radio, and advertisement services. In-store radio services cater to diverse clients such as malls and retailers, offering AI-driven playlists and background music. Corporate radio services include background music and internal communications tailored to clients’ needs. Additionally, the company provides audio and visual advertising solutions, including programmatic advertising and digital out-of-home advertising, aimed at enhancing brand visibility and engagement for its clients.
Schedule/Timeline of Radiowalla Network Limited IPO
| Issue Period | 27th March to 2nd April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 03, 2024 |
| Initiation of Refunds | April 04, 2024 |
| Credit of Shares | April 04, 2024 |
| Date of Listing | April 05, 2024 |
| Mandate end date | April 17, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 03, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 02, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Radiowalla Network Limited IPO?
You can apply for the Radiowalla Network Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Radiowalla Network Limited IPO?
You can check the allotment status for the Radiowalla Network Limited IPO on the website of the Registrar and Transfer agent.