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Music Broadcast Ltd IPO Message Board (Page 53)

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10. mmkktata |   Link |  Bookmark | February 23, 2017 11:38:20 PM
eagle eye mam r u applied or not?how many subscription are you expected?gmp?
9. Arjun Patel |   Link |  Bookmark | February 23, 2017 10:53:32 PM
Eagleye
I will make your easy
Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares

Total 5.7 cr. Hence valuing at 1900 cr. With Revenue of 270 cr.
ENIL Valuing 3700 Cr. Revenue 492 cr.


NAV post issue 96 Rs. Hence at 333 it''s trading at 3.5 Multiple of its book
ENIL P/BV 4.5

EPS post issue Rs.9 Music FY 16-17 Hence PE 37 whereas ENIL is at 66 multiple

RONW
ENIL 14%
Music 42% Annualized
8. Arjun Patel |   Link |  Bookmark | February 23, 2017 10:30:20 PM
GMPs Radio City 80-85
Kostak 500

Date is 6-8 March Final.
EPS 12.50 FY 16-17
EPS 13.25 FY 17-18

Valuing at 32 Multiple Price Value is 415
Septa sir calculate Fair Value.
Valuing a media company we use RONW method which is good with Comparison to ENIL.

ENIL is trading at 5 multiple to its book value, whereas Music Broadcast at almost 10 multiple. NEVERTHELESS RONW for Music Broadcast is 75% which is far better than of ENIL.

7. Eagleye |   Link |  Bookmark | February 23, 2017 10:29:44 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Music IPO

03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE



Music Broadcast IPO

Tentative Issue Information:

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million
Equity Shares outstanding after the Issue = 57,054,779 Equity Shares


Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.


Subscription required for 1X
RII = 1.14L Forms
NII = 73.28 Crs

Interest cost @7%p.a. for 7days = 44.7paise for 1X




Music Broadcast IPO:

Promoter of the Company: Jagran Prakashan Limited

EPS for FY13-14 >>> Rs.5.80 (as per DRHP page no.86)
EPS for FY14-15 >>> Rs.11.23 (as per DRHP page no.86)
EPS for FY15-16 >>> Rs.9.95 (as per DRHP page no.86)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, Issue Price = 333 & GMP = 77 … Then Costing = 410 … & PE = 33.83

RoNW for FY13-14 >>> 178.52% (as per DRHP page no.87)
RoNW for FY14-15 >>> 77.67% (as per DRHP page no.87)
RoNW for FY15-16 >>> 38.50% (as per DRHP page no.87)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12




Music Broadcast IPO:


Listed Industry Peer >>> Entertainment Network (India) Limited

Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi
Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)

EPS for Q1 – 15-16 >>> Rs.5.98
EPS for Q2 – 15-16 >>> Rs.5.69
EPS for Q3 – 15-16 >>> Rs.6.05
EPS for Q4 – 15-16 >>> Rs.5.05
EPS for FY – 15-16 >>> Rs.22.77

EPS for Q1 – 16-17 >>> Rs.3.49
EPS for Q2 – 16-17 >>> Rs.1.69
EPS for Q3 – 16-17 >>> Rs.3.44
EPS for Q4 – 16-17 >>> Rs.?.??

EPS for 9M – 15-16 >>> Rs.8.63

Current Market Price Rs.772/- (23rd Feb 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 619/- (24th Feb 2016)
7.1. Rashmi |   Link |  Bookmark | February 24, 2017 5:40:52 PM
Query - how do we calculate all this ? Is this data from RHP ? Which page. Trying to learn
6. Eagleye |   Link |  Bookmark | February 23, 2017 10:14:07 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Peer Group Comparison:

Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi
Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)


EPS for Q1 – 15-16 >>> Rs.5.98
EPS for Q2 – 15-16 >>> Rs.5.69
EPS for Q3 – 15-16 >>> Rs.6.05
EPS for Q4 – 15-16 >>> Rs.5.05
EPS for FY – 15-16 >>> Rs.22.77


EPS for Q1 – 16-17 >>> Rs.3.49
EPS for Q2 – 16-17 >>> Rs.1.69
EPS for Q3 – 16-17 >>> Rs.3.44
EPS for Q4 – 16-17 >>> Rs.?.??

EPS for 9M – 15-16 >>> Rs.8.63

Current Market Price Rs.772/- (23rd Feb 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 619/- (24th Feb 2016)
5. ShareView |   Link |  Bookmark | February 23, 2017 9:34:43 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Here ICICI securities alone the lead manager is a matter of concern
🙏👍
4. Eagleye |   Link |  Bookmark | February 23, 2017 8:40:25 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Music Broadcast IPO:

Promoter of the Company: Jagran Prakashan Limited

EPS for FY13-14 >>> Rs.5.80 (as per DRHP page no.86)
EPS for FY14-15 >>> Rs.11.23 (as per DRHP page no.86)
EPS for FY15-16 >>> Rs.9.95 (as per DRHP page no.86)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, Issue Price = 333 & GMP = 77 … Then Costing = 410 … & PE = 33.83

RoNW for FY13-14 >>> 178.52% (as per DRHP page no.87)
RoNW for FY14-15 >>> 77.67% (as per DRHP page no.87)
RoNW for FY15-16 >>> 38.50% (as per DRHP page no.87)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12

Listed Industry Peer >>> Entertainment Network (India) Limited
4.1. MUDIT NATANI |   Link |  Bookmark | February 23, 2017 9:02:44 PM
What is PE & EPS of peer company ?? Can you tell ?? So that comparison would be easy.
3. Uchit Patel |   Link |  Bookmark | February 23, 2017 8:29:06 PM (500+ Posts, 1500+ Likes)
BEL
Clearing price for retail is 1557.65. One more time retail investors are tapped. Today''''''''s closing is 1505. After discount and brokerage charge retail investors will zero. Only waste of time. I am still not understanding why retail investors bidding very aggressively. For non retail category clearing price is 1499.
2. Eagleye |   Link |  Bookmark | February 23, 2017 7:36:16 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Music BroadTentative)

03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE
1. Eagleye |   Link |  Bookmark | February 23, 2017 7:35:49 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Music Broadcast IPO

Tentative Issue Information:

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million
Equity Shares outstanding after the Issue = 57,054,779 Equity Shares


Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.
11.1. Aman Goyal |   Link |  Bookmark | February 23, 2017 9:10:38 PM
Màm any idea about KOSTAK and GMP ?