- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Radiowalla Network Limited has provided a certificate detailing the utilization of IPO proceeds as of September 30, 2024. Out of the total ₹14.25 crore disclosed for various purposes, ₹3.48 crore has been utilized, leaving ₹10.77 crore unutilized. Key allocations include ₹2.85 crore for technology investment, with significant amounts also going towards capital expenditure and working capital. The remaining unutilized funds are secured in bank accounts for future projects aligning with the objectives stated in the IPO. This update suggests a cautious approach in capital deployment, which may result in a neutral impact on investor sentiment as the company maintains liquidity for strategic opportunities.