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Open
6 Mar 2017
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Close
8 Mar 2017
3
Allotment
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Listing
Fri, Mar 17, 2017
Price Band
₹324 to ₹333
Issue Size
1,46,70,530 shares (agg. up to ₹489 Cr)
Lot Size
45 Shares
Listing Date
Fri, Mar 17, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 28.11x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gretex Industries Ltd. | SME | ₹3.96 Cr | ₹20 | null | ₹24.00 | +20.00% | ₹304.00 (+4.29%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Redemption of the Listed NCDs | 200.00 |
| 2 | Early redemption of the JPL NCDs and repayment/ pre-payment of the JPL ICDs | 98.24 |
| 3 | General corporate purposes | 80.12 |
About Music Broadcast IPO
Incorporated in 1999, Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016. They are present in 12 out of the top 15 cities in India by population.Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. Radio stations deliver film, non-film, devotional, regional, and international music, as well as radio jockey (RJ) hosted shows in Hindi, Tamil, Kannada, Malayalam, and Telugu languages. It also operates 31 Web radio stations that offer Internet radio with live RJ hosted shows through Planet Radio City in 6 languages with a listenership of 12.20 million. In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal', and 'Radio City Smaran' in various languages on mobile and other smart devices.+ Read More
Contact Details
Music Broadcast Ltd. Address5 th Floor, RNA Corporate ParkOff Western Express HighwayKalanagar, Bandra (East)Mumbai, Maharashtra, 400051(91 22) 6696 9100investor@myradiocity.comVisit Website