Ashish Kacholia-backed Radiowalla Network announces IPO dates, price band. Check details
Radiowalla Network, one of the leading providers of B2B customer engagement services, announced the launch of its IPO on March 27. As of the filing of RHP, Kacholi
The company is aiming to raise Rs 14.25 via this IPO, which closes on April 2. The issue size is of 18.75 lakh shares at face value of Rs 10 each.
The IPO is priced in the range of Rs 72-76 per share, where investors can bid for 1,600 shares in 1 lot and its multiples thereafter.
In the IPO, around 5.26 lakh shares will be allocated to anchor investors, around 3.53 lakh shares are reserved for qualified institutional buyers, 6.17 lakh shares of retail investors and the rest for non-institutional investors.
The net proceeds from the IPO will be utilised for meeting the expenses for investment in technology, capital expenditure, working capital requirements of the company, and general corporate expenses.
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«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's potential to further establish itself as a leader in B2B customer engagement services,» said Harvinderjit Singh Bhatia, Co-founder and CEO, Radiowalla Network.
Radiowalla Network specialises in B2B-focused customer engagement services. The company offers a comprehensive range of solutions, including in-store radio, corporate radio
