Music Broadcast Limited IPO
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.
Objects of the Issue:
Listing Date: Mar 17 2017
|Open Date:||Mar 06 2017|
|Close Date:||Mar 08 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||488.53 Cr.|
|Lot Size:||45 Shares|
|Issue Price:||₹ 324-333 Per Equity Share|
|Listing Date:||Mar 17 2017|
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||297.56||425.07||470.59||243.25||116.19||(21.70)|