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.
Music Broadcast Limited IPO Stock Quote & Charts
- Open: 28.60
- High - Low: 30.00 - 28.35
- Previous Close: 27.70
- Total Traded Volume: 185734
- Updated On: 21-Nov-2019
Objects of the Music Broadcast Limited IPO:
1. Redemption of Listed NCDs
2. Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs
3. General corporate purposes.
Music Broadcast Limited IPO Details:
| Open Date: |
Mar 06 2017 |
| Close Date: |
Mar 08 2017 |
| Total Shares: |
[.] |
| 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 At: |
NSE,BSE |
| Listing Date: |
Mar 17 2017 |
Discussion on Music Broadcast Limited IPO:
