|
|
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) | |||||
|---|---|---|---|---|---|---|
| 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) |
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.
| IPO Opening Date | Mar 6, 2017 |
| IPO Closing Date | Mar 8, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹324 to ₹333 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹488.53 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 2,658,518 Eq Shares of ₹10 (aggregating up to ₹88.53 Cr) |
The Radio City IPO open date is Mar 6, 2017, and the close date is Mar 8, 2017. The issue may list on Mar 17, 2017.
| IPO Open Date | Mar 6, 2017 |
| IPO Close Date | Mar 8, 2017 |
| Basis of Allotment Date | Mar 14, 2017 |
| Initiation of Refunds | Mar 15, 2017 |
| Credit of Shares to Demat Account | Mar 16, 2017 |
| IPO Listing Date | Mar 17, 2017 |
The Radio City IPO market lot size is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹194,805).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 45 | ₹14,985 |
| Maximum | 13 | 585 | ₹194,805 |
The Radio City IPO is subscribed 39.67 times on Mar 8, 2017 23:00. The public issue subscribed 9.85 in the retail category, 39.78 in the QIB category, and 109.13 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 39.78 |
| NII | 109.13 |
| RII | 9.85 |
| Total | 39.67 |
| Listing Date | Friday, March 17, 2017 |
| BSE Script Code | 540366 |
| NSE Symbol | RADIOCITY |
| Listing In | B Group of Securities |
| ISIN | INE919I01016 |
| IPO Price | ₹333 per equity share |
| Face Value | ₹10 per equity share |
|
|
|
Music Broadcast Ltd
5 th Floor, RNA Corporate Park,
Off Western Express Highway,
Kalanagar, Bandra (East) Mumbai 400 051
Phone: (91 22) 6696 9100
Email: investor@myradiocity.com
Website: http://www.planetradiocity.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Radio City IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹488.53 Crores. The issue is priced at ₹324 to ₹333 per equity share. The minimum order quantity is 45 Shares.
The IPO opens on Mar 6, 2017, and closes on Mar 8, 2017.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Radio City IPO opens on Mar 6, 2017 and closes on Mar 8, 2017.
Radio City IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
You can apply in Radio City IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Radio City IPO will be done on Mar 14, 2017, and the allotted shares will be credited to your demat account by Mar 16, 2017. Check the Radio City IPO allotment status.
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
Top Contributor (200+ Posts, 300+ Likes)
IPO Guru (1100+ Posts, 400+ Likes)
So bought it on first day.
Unlucky again, as it is still more than 10% down from my buying price.