Music Broadcast Limited IPO

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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: 28.25
  • High - Low: 29.45 - 28.25
  • Previous Close: 29.05
  • Total Traded Volume: 66395
  • Updated On: 24-Dec-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

Financials of Music Broadcast Limited IPO:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,278.26 4,852.88 3,977.26 1,699.64 1,707.77 1,808.30
Total Revenue 1,382.13 2,455.06 2,075.06 1,572.71 1,405.06 1,248.04
Profit After Tax (PAT) 297.56 425.07 470.59 243.25 116.19 (21.70)

Lead Manager of Music Broadcast Limited IPO:

  1. ICICI Securities Limited

Registrar of Music Broadcast Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Music Broadcast Limited 5 th Floor, RNA Corporate Park, Off Western Express Highway, Kalanagar, Bandra (East) Mumbai 400 051 Phone: (91 22) 6696 9100 Fax: (91 22) 2642 9113 Email: Website:

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