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.
The Promoter of the Company is JPL (Jagran Prakasha Ltd)
|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)|
The object of the issue are to:
1. Redemption of Listed NCDs;
2. Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
3. General corporate purposes.
»» Issue Open: Mar 6, 2017 - Mar 8, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 488.53 Cr
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 400.00 Cr
› Offer for Sale of 2,658,518 Equity Shares of Rs 10 aggregating up to Rs 88.53 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 324 - Rs 333 Per Equity Share
»» Market Lot: 45 Shares
»» Minimum Order Quantity: 45 Shares
»» Listing At: BSE, NSE
Radio City IPO Subscription Status tells if Radio City IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Radio City IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||2,978,685||2,250,630||5,251,469||10,480,784|
|Day 1 - Mar 6, 2017 17:00 IST||0.0000||0.0300||1.0000||0.5100|
|Day 2 - Mar 7, 2017 17:00 IST||1.0600||0.2400||3.6600||2.1900|
|Day 3 - Mar 8, 2017 23:00 IST||39.7800||109.1300||9.8500||39.6700|
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