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Music Broadcast Ltd IPO (Radio City IPO) Detail

Mar 6, 2017 - Mar 8, 2017

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.

Company Promoters:

The Promoter of the Company is JPL (Jagran Prakasha Ltd)

Company Financials:

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)

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. Music Broadcast Ltd IPO review by Dilip Davda

Radio City IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved2,978,6852,250,6305,251,46910,480,784
Day 1 - Mar 6, 2017 17:00 IST0.00000.03001.00000.5100
Day 2 - Mar 7, 2017 17:00 IST1.06000.24003.66002.1900
Day 3 - Mar 8, 2017 23:00 IST39.7800109.13009.850039.6700

Radio City IPO Prospectus

Radio City IPO Rating

979
4.1
Rating:Rated 4.1 stars

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Radio City IPO Listing Date

  •   ›  Listing Date: Friday, March 17, 2017
  •   ›  BSE Script Code: 540366
  •   ›  NSE Symbol: RADIOCITY
  •   ›  Listing In: 'B' Group of Securities
  •   ›  ISIN: INE919I01016
  •   ›  Issue Price: Rs 333 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs 333.00
Open:Rs 420.00
Low:Rs 368.00
High:Rs 420.00
Last Trade:Rs 373.15
Volume:3,814,473
NSE
Rs 333.00
Rs 413.00
Rs 367.20
Rs 415.00
Rs 372.90
18,387,985

Radio City IPO News Alerts

  1. Friday, March 17, 2017 12:00:00 AM
    Music Broadcast Ltd IPO - Listing
  2. Wednesday, March 15, 2017 12:00:00 AM
    Music Broadcast Ltd IPO - Allotment
  3. Wednesday, March 8, 2017 12:00:00 AM
    Music Broadcast Ltd IPO - Close
  4. Monday, March 6, 2017 12:00:00 AM
    Music Broadcast Ltd IPO - Open

Company Contact Information

Music Broadcast Ltd
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: investor@myradiocity.com
Website: http://www.planetradiocity.com

Radio City IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Radio City IPO Lead Manager(s)

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Radio City IPO Review / Comments

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1053. Prabhakaran Kuppusamy  May 8, 2017 6:09:08 PM IST I Like It. | Report Abuse
Unlucky that didn''t get allotment in this IPO.
So bought it on first day.
Unlucky again, as it is still more than 10% down from my buying price.
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1052. Indy  May 3, 2017 8:35:19 AM IST I Like It. | Report Abuse
This is set for onward and upward journey
Will be going to be a expenaive scrip very soon
Available at PE of 30 peers are available at 60
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1051. Raynmaker  Apr 23, 2017 3:50:06 AM IST I Like It. | Report Abuse
Time to dive in and buy this stock. Don''t forget that this scrip was recommended by who''s who of broker firms and was subscribed 39X. Friday saw a bullish reversal and now the scrip is bound on its journey to 422
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1050. ccol chennai  Apr 19, 2017 8:19:07 PM IST I Like It. | Report Abuse
STILL AMOUNT IS BLOCKED IN BANK OB BARODA ACCOUNT WHAT TO DO
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1050.1. A.K. Goyal  Apr 21, 2017 10:25:04 AM IST I Like It. | Report Abuse
worst bank - Bank of baroda.
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1049. Indy  Apr 21, 2017 3:16:17 AM IST I Like It. | Report Abuse
Any one having fresh view on Radiocity
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1048. Sumit fatehchandani  Mar 28, 2017 11:12:23 AM IST I Like It. | Report Abuse
My amount is still blocked by bank , anyone facing the same problem, please let me know the next step
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1048.1. Rajkot Special  Mar 29, 2017 9:46:42 PM IST I Like It. | Report Abuse
Contact your bank and give applications for unblock fund with ipo details
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1047. VIDHYA  Mar 22, 2017 9:23:47 AM IST I Like It. | Report Abuse
MBL MA KYA KARA I BUY400 RS 50 SHARE
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1047.1. IPO Student  Apr 5, 2017 11:36:40 AM IST I Like It. | Report Abuse
Vidhyaji, 20k ka bajao radio..!
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1046. agrawaldinesh  Mar 21, 2017 12:41:44 AM IST I Like It. | Report Abuse
My amount is still blocked in UCO Bank how to get that money?
Anyone facing same issue ?
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1046.6. Sumit fatehchandani  Mar 24, 2017 10:41:54 AM IST I Like It. | Report Abuse
My amount is still blocked by bank.
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1046.7. Sumit fatehchandani  Mar 25, 2017 4:35:23 PM IST I Like It. | Report Abuse
My Amount is still blocked by SBI , even i mail to Karvy but no response from their side, Please let me know what next step be taken against him
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1045. CHD  Mar 20, 2017 4:35:48 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
The selling seems to have stopped today ....the scrip made the bottom & rebounded from there .... let''s hope it picks up again tomorrow ...!
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1045.1. Silapathar  Mar 21, 2017 8:16:01 PM IST I Like It. 3 | Report Abuse
Looks like will go to 320-325 in the coming days
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1044. CHD  Mar 20, 2017 2:19:28 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
After hitting a low of 261 ..... the share has bounced a little ... back at 266 ....now ...!
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1044.1. CHD  Mar 20, 2017 2:21:32 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Sorry ... the bottom today was 357 , now at 368 ...!
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1044.2. Chem cho  Mar 21, 2017 6:18:37 AM IST I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 200+ Likes)
MY FIRST DAY TARGET ACHIEVED
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1043. Kap  Mar 20, 2017 1:45:48 PM IST I Like It. | Report Abuse
Retail applicants can sell now... Then only operators will be able to corner mbl at lower price... like operators done in mahanagar gas.. just look at the price of mgl now.. After listing it was available at Rs. 495 only..
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1042. chetan rajguru  Mar 20, 2017 1:33:07 PM IST I Like It. | Report Abuse
kya sell karde
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1041. Umang & his ultrasonic uproar  Mar 20, 2017 11:57:32 AM IST I Like It. 1 | Report Abuse
Jahaj mein aag lug chuki hai jaldi sa bahar nikloo, verna app ko lay dobaaga
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1041.1. irrelevant  Mar 20, 2017 4:56:40 PM IST I Like It. 1 | Report Abuse
Jahaj ka moh bhag nahi ho raha kisi ko

Log marna pasand karenge lekin jahaj nahi chodenge
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1040. CHD  Mar 20, 2017 11:13:28 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
D-Mart is going to be block-buster on Listing day .... Gupta ji ....!
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1040.1. vkvkgupta  Mar 20, 2017 11:19:06 AM IST I Like It. | Report Abuse
Yes, it is anticipated! Listing will be great for sure! But if everyone is going in ONE direction, markets corrects and hits. Risk is less but exercise caution....
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1039. CHD  Mar 20, 2017 10:27:28 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Where has all the demand for Radio City shares seen in the IPO-over -subscription vanished so quickly ...was all that the operators'' game ...?
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1039.1. vkvkgupta  Mar 20, 2017 10:36:28 AM IST I Like It. | Report Abuse
Everyone is playing it cautiously and waiting for D-Mart listing.
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1038. CHD  Mar 20, 2017 10:24:39 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Heading down to the Issue price .... fast ....!
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1037. irrelevant  Mar 20, 2017 9:22:24 AM IST I Like It. 1 | Report Abuse
New LOW 362 at 9:15
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1037.1. irrelevant  Mar 20, 2017 9:58:40 AM IST I Like It. 6 | Report Abuse
420 pe list hoke char so bisi dikhai
hahaha
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1036. gamble  Mar 19, 2017 10:14:38 AM IST I Like It. 5 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
The new formate of chittorgarh looks descent ....frm last few months chittorgarh added a good features like like/spam button,secondary tips and now status of member like gurus,mentors,contributors

.....keep it up modulator .......


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1036.6. gamble  Mar 19, 2017 5:49:45 PM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Yes. True but ..down by 1% frm buging is not trapped..!!

if u repost then copy all msgs regarding BSE....


My avg is now 950 near if u check...

1541.1. gamble Mar 3, 2017 11:04:06 AM IST 1 |
IPO Guru (1000+ Posts, 600+ Likes)
BSE not moving as per my view.....i already taken @1001(rebuy which sold @listing day ) now @890....i m going to avg. in this range....but very short term viewer should wait for trend reversal...like up by 5% frm it''''s low.


Also a hope frm CDSL..! Let see what hppns.
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1036.7. Dot  Mar 19, 2017 6:28:55 PM IST I Like It. | Report Abuse
it would be good to see "FOLLOW" feature like TWITTER & "TIMELINE"Feature like FB

Most importantly FOLLOW - to follow each & every post of particular member....& to recall what particular Member have said after good time like 3-4 months
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1035. Eagleye  Mar 19, 2017 10:10:40 AM IST I Like It. 5 | Report Abuse
IPO Guru IPO Guru (4300+ Posts, 10000+ Likes)
Music Broadcast IPO:

EPS for FY13-14 >>> Rs.5.80 (Page #89 of RHP)
EPS for FY14-15 >>> Rs.11.23 (Page #89 of RHP)
EPS for FY15-16 >>> Rs.9.95 (Page #89 of RHP)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, CMP = 372/90 … Then, PE = 28.25X (trailing)

RoNW for FY13-14 >>> 178.52% (Page #90 of RHP)
RoNW for FY14-15 >>> 77.67% (Page #90 of RHP)
RoNW for FY15-16 >>> 38.50% (Page #90 of RHP)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12 (Page #91 of RHP)


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.819/25 (17th March 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 652/80- (25th April 2016)

ENIL is currently at ~71X
MBL at PE ~71X = valuation of ~940/-
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1035.1. gamble  Mar 19, 2017 10:27:01 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Not possible 940 or even 600(atleast this yr)

ENIL also trading at dangerous valuation....and going to cool off soon.

It''s not necessory to trade at same valuation btwn peers.




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1035.2. Silapathar  Mar 20, 2017 9:26:39 AM IST I Like It. 1 | Report Abuse
EPS for H1 FY 16-17 is 5.08[Post IPO Equity] and not 6.60[Pre IPO Equity]
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1034. NPT  Mar 18, 2017 8:16:52 PM IST I Like It. 2 | Report Abuse
I don''t expect a big upward turnaround in the price of MBL on Monday. If price of MBL increases on Monday, investors will not sale their DMart shares on Tuesday which the operators will not be interested in.
To dampen the sentiments of the retail investors the big fish will try to create selling pressure on both the shares.
I don''t know what is stored in the future but I will hold both MBL and DMart till announcement of their annual result in April 2017.
All the best.
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1034.1. Prats  Mar 19, 2017 7:59:33 AM IST I Like It. 1 | Report Abuse
You are thinking too much, D Mart can''t be controlled by few operators, MBL is a crap share, exit it ASAP, soon, it will trade close to its issue price, which is it''s fair value.
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