Music Broadcast IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 06/03 - 08/03
Issue Size ₹400.0 Cr
Issue Price ₹324 - 333
Market Lot 45 Shares
Shares on Offer 2,658,518
Registrar
GMP ₹62-64
Kostak ₹400
Subject to Sauda N/A
Listing Date 17-03
Listing Price ₹420.0
Listing Gain% 26.13

About Music Broadcast IPO

Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. Its 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. As of November 25, 2016, the company operated its radio stations in 29 cities in India. 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. The company was incorporated in 1999 and is based in Mumbai, India. As of June 11, 2015, Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited.

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.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 4,852.88 3,977.26 1,699.64 1,707.77 1,808.30
Total Revenue (In ₹ Millions) 2,455.06 2,075.06 1,572.71 1,405.06 1,248.04
Profit After Tax (PAT) (In ₹ Millions) 425.07 470.59 243.25 116.19 -21.70

Music Broadcast IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • We are recommending subscription of Music Broadcast Limited.
  • Radio City IPO subscribed more than 100% on Day 1, did you subscribe?
  • Radio City IPO subscribed about 40 Times. Listing on 17th March, expect huge listing gain.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Mar 06,2017 0.00 0.03 1.00 0.51
Day 2 - Mar 07,2017 1.06 0.24 3.66 2.19
Day 3 - Mar 08,2017 39.78 109.13 9.85 39.67

Allotment Status

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IPO Allotment Status

Music Broadcast IPO IPO FAQs

  1. When will Music Broadcast IPO IPO open?

    Music Broadcast IPO IPO will open on 06/03 and close on 08/03.

  2. What is the listing date of Music Broadcast IPO IPO?

    Music Broadcast IPO IPO will list on 17-03.

  3. What is the offer price of Music Broadcast IPO IPO?

    The offer price of Music Broadcast IPO IPO is ₹324 - 333.

  4. What is the lot size of Music Broadcast IPO IPO?

    The lot size of Music Broadcast IPO IPO is 45.

  5. What is the Grey Market Premium (GMP) price of Music Broadcast IPO IPO?

    The Grey Market Premium (GMP) price of Music Broadcast IPO IPO is ₹62-64.

  6. What is the Kostak price of Music Broadcast IPO IPO?

    The Kostak price of Music Broadcast IPO IPO is ₹400.

  7. What is the Subject to Sauda price for Music Broadcast IPO IPO?

    The Subject to Sauda price for Music Broadcast IPO IPO is Not Available at the moment.

Music Broadcast IPO IPO Review/Comments

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