Music Broadcast, the company that runs Radio City FM channel, will launch its Rs 500-crore IPO on March 6. The issue will close on March 8 and will be priced in a Rs 324-333 range. Shares in Jagran Prakashan-promoted Radio City are at a premium of Rs 70-75 over the expected issue price in the grey market, said brokers dealing in this unregulated market.
Avenue Supermart, which operates the retail chain under the D-Mart brand, is set to open on March 8 and close on March 10 to raise about Rs 1,800 crore. The issue is likely to be priced in the range of Rs 295-299, said a banker to the issue. Grey market price for Avenue Supermart is between Rs 175 and Rs 180. Shankara Building Products, a retailer of home improvement products, has an IPO in the last week of March to raise Rs 600 crore.
60. Eagleye| Link| Bookmark|
February 28, 2017 6:10:45 PM
IPO Guru (6600+ Posts, 21900+ Likes)
@eagleeye mam and @ septa sir can we expect listing gain in music broadcast ?? Can you please guide us
57.1. Pokemongo| Link| Bookmark|
February 28, 2017 8:28:46 PM
Top Contributor (400+ Posts, 300+ Likes)
it is very risky because it is trading at 39 PE vs 41 for ENIL FY18.. and it is going to buy new radio stations so it will run into losses after 6 months.. but good side is that debt will be almost nil.. so JUST MAY BE depending on market conditions
In earlier message you had recommended Telecom sector for buy. Whats your opinion on Idea Cellular CMP @112.50? Do u think its good buy at this price and do u expect big movement up?
54.1. Pokemongo| Link| Bookmark|
February 28, 2017 8:29:26 PM
Top Contributor (400+ Posts, 300+ Likes)
by the time u were waiting for response idea rose from 109 to 115 already
51.2. Septa| Link| Bookmark|
February 28, 2017 10:38:24 AM
(4000+ Posts, 4600+ Likes)
i will hold and buy more in dips. Once consolidation happen in this sector RPU will increase RS 10 per day for 1 billion user equates to 3650 Billion topline is possible in coming years which is huge growing in double digit. So stay invested plus Bharati infratel is planning to sell part of it infratel business so it will bring value
thank you for your view.. i will hold the shares... also thank you for your recommendation on dilip buildcon,, holding from 260 levels.. any other share which u may recommend?