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News Details

( As on 21/03/2024 13:50)

Radiowalla Network announces launch of initial public offering

Radiowalla Network Ltd. has announced public offering of 1875200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 66.00 per share. The gross proceeds of the issue are expected to be Rs 1,425.15 lakhs.

The company's initial public offer (IPO) will open on 27 March 2024 and is expected to close on 02 April 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 72.00-76.00 per share.

The IPO includes a fresh Issue of 1875200 Equity Shares of the Company at an price of Rs 76.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Radiowalla Network Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.