Music Broadcast Ltd IPO

Add to Calendar 2017-03-06 12:00 AM 2017-03-08 12:00 AM Asia/Kolkata Music Broadcast Ltd IPO Music Broadcast Ltd India

Music Broadcast Limited is the India’s first and oldest private FM radio broadcaster. The company operated under the brand name Radio City and reaches out to over 49.60 million listeners. The company currently operates 39 stations which includes 11 newly acquired stations.

Date of establishment: Music Broadcast was established in 1999.  

Product & Service Offering: Music Broadcast delivers film, non-film, regional, devotional and international music through its radio stations. It also provides Radio Jockey (RJ) hosted shows in multiple languages.

Promoters of Music Broadcast Ltd.: The promoter of the firm is Jagran Prakashan Ltd.

Customer segment: The company offers its services to listeners of FM radio.

Objects of the Issue:

The objects of the issue are:
-     Redemption of listed NCDs
-     Repayment of JPL ICDs
-     General corporate purposes


Company Financials:



For the year/period ended (in Rs. Million)








Total Assets







Total Revenue







Profit After Tax (PAT)









Issue Detail

  • Issue Open: Mar 06, 2017
  • Issue Close: Mar 08, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 324 - Rs 333 Per Equity Share
  • Bid Lot:45 Shares
  • Minimum Order Quantity:45 Shares
  • Listing At: BSE, NSE
  • Issue Size: • 488.53 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 2,978,685 2,250,630 5,251,469 - - 10,480,784
Day 1 - Mar 06, 2017IST 0.0000 0.0300 1.0000 - - 0.5100
Day 2 - Mar 07, 2017IST 1.0600 0.2400 3.6600 - - 2.1900
Day 3 - Mar 08, 2017IST 39.7800 109.1300 9.8500 - - 39.6700

Listing Day Trading Information

Issue Price Rs 333.00 Rs 333.00
Open Rs 333.00 Rs 413.00
Low Rs 368.00 Rs 367.20
High Rs 420.00 Rs 415.00
Last Trade Rs 373.15 Rs 372.90
Volume 3,814,473 18,387,985

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