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.

Radio City IPO Details

Issue Open	Mar 6, 2017 - Mar 8, 2017
Issue Type	Book Built Issue IPO
Issue Size	[.] Eq Shares of Rs 10 (aggregating up to Rs 488.53 Cr)
Fresh Issue	[.] Eq Shares of Rs 10 (aggregating up to Rs 400.00 Cr)
Offer for Sale	2,658,518 Eq 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
Min Order Quantity	45 Shares
Listing At	BSE, NSE

Radio City IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 6, 2017
Bid/Offer Closes On	Mar 8, 2017
Finalisation of Basis of Allotment	Mar 14, 2017
Initiation of Refunds	Mar 15, 2017
Credit of Shares to Demat Acct:	Mar 16, 2017
IPO Shares Listing Date:	Mar 17, 2017

Radio City IPO Subscription Status (Bidding Detail)

Radio City IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Total
Shares Offered	2,978,685	2,250,630	5,251,469	10,480,784
Mar 8, 2017 23:00	39.78x	109.13x	9.85x	39.67x

Radio City IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Radio City IPO Rating

979

4.1

Rating:

Vote Here ...

Radio City IPO Listing Date

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

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
Rs 333.00
Rs 420.00
Rs 368.00
Rs 420.00
Rs 373.15
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 Reviews / Ratings

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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
Email: investor@myradiocity.com
Website: http://www.planetradiocity.com

Radio City IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

Radio City IPO Lead Manager(s)

ICICI Securities Limited

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Find Radio City IPO Latest Update

Useful Articles

Radio City IPO Review / Comments

1053. Prabhakaran Kuppusamy May 8, 2017 18:09

Top Contributor (400+ Posts, 300+ Likes)

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.

1052. Indy May 3, 2017 08:35

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

1051. Raynmaker Apr 23, 2017 03:50

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

1050. ccol chennai Apr 19, 2017 20:19

STILL AMOUNT IS BLOCKED IN BANK OB BARODA ACCOUNT WHAT TO DO

1050.1. A.K. Goyal Apr 21, 2017 10:25

worst bank - Bank of baroda.

1049. Indy Apr 21, 2017 03:16

Any one having fresh view on Radiocity

1048. Sumit fatehchandani Mar 28, 2017 11:12

My amount is still blocked by bank , anyone facing the same problem, please let me know the next step

1048.1. Rajkot Special Mar 29, 2017 21:46

Contact your bank and give applications for unblock fund with ipo details

1047. VIDHYA Mar 22, 2017 09:23

MBL MA KYA KARA I BUY400 RS 50 SHARE

1047.1. IPO Student Apr 5, 2017 11:36

Vidhyaji, 20k ka bajao radio..!

1046. agrawaldinesh Mar 21, 2017 00:41

My amount is still blocked in UCO Bank how to get that money?
Anyone facing same issue ?

Load more comments (5 replies)

1046.6. Sumit fatehchandani Mar 24, 2017 10:41

My amount is still blocked by bank.

1046.7. Sumit fatehchandani Mar 25, 2017 16:35

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

1045. CHD Mar 20, 2017 16:35

2 |

IPO Guru (1000+ Posts, 400+ Likes)

The selling seems to have stopped today ....the scrip made the bottom & rebounded from there .... let''s hope it picks up again tomorrow ...!

1045.1. Silapathar Mar 21, 2017 20:16

3 |

Looks like will go to 320-325 in the coming days

1044. CHD Mar 20, 2017 14:19

2 |

IPO Guru (1000+ Posts, 400+ Likes)

After hitting a low of 261 ..... the share has bounced a little ... back at 266 ....now ...!

1044.1. CHD Mar 20, 2017 14:21

2 |

IPO Guru (1000+ Posts, 400+ Likes)

Sorry ... the bottom today was 357 , now at 368 ...!

1044.2. Chem cho Mar 21, 2017 06:18

2 |

IPO Guru (1800+ Posts, 1600+ Likes)

MY FIRST DAY TARGET ACHIEVED

1043. Kap Mar 20, 2017 13:45

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..

1042. chetan rajguru Mar 20, 2017 13:33

kya sell karde

1041. Umang & his ultrasonic uproar Mar 20, 2017 11:57

1 |

Jahaj mein aag lug chuki hai jaldi sa bahar nikloo, verna app ko lay dobaaga

1041.1. irrelevant Mar 20, 2017 16:56

1 |

IPO Mentor (600+ Posts, 1300+ Likes)

Jahaj ka moh bhag nahi ho raha kisi ko

Log marna pasand karenge lekin jahaj nahi chodenge

1040. CHD Mar 20, 2017 11:13

IPO Guru (1000+ Posts, 400+ Likes)

D-Mart is going to be block-buster on Listing day .... Gupta ji ....!

1040.1. vkvkgupta Mar 20, 2017 11:19

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....

1039. CHD Mar 20, 2017 10:27

IPO Guru (1000+ Posts, 400+ 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 ...?

1039.1. vkvkgupta Mar 20, 2017 10:36

Everyone is playing it cautiously and waiting for D-Mart listing.

1038. CHD Mar 20, 2017 10:24

IPO Guru (1000+ Posts, 400+ Likes)

Heading down to the Issue price .... fast ....!

1037. irrelevant Mar 20, 2017 09:22

1 |

IPO Mentor (600+ Posts, 1300+ Likes)

New LOW 362 at 9:15

1037.1. irrelevant Mar 20, 2017 09:58

6 |

IPO Mentor (600+ Posts, 1300+ Likes)

420 pe list hoke char so bisi dikhai
hahaha

1036. gamble Mar 19, 2017 10:14

5 |

IPO Guru (1600+ Posts, 3900+ 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 .......

Load more comments (5 replies)

1036.6. gamble Mar 19, 2017 17:49

4 |

IPO Guru (1600+ Posts, 3900+ 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.

1036.7. Dot Mar 19, 2017 18:28

Top Contributor (200+ Posts, 100+ Likes)

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

1035. Eagleye Mar 19, 2017 10:10

5 |

IPO Guru (4700+ Posts, 15100+ 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 â€¦ 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 â€“ 15-16 >>> Rs.5.98
EPS for Q2 â€“ 15-16 >>> Rs.5.69
EPS for Q3 â€“ 15-16 >>> Rs.6.05
EPS for Q4 â€“ 15-16 >>> Rs.5.05
EPS for FY â€“ 15-16 >>> Rs.22.77

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

EPS for 9M â€“ 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/-

1035.1. gamble Mar 19, 2017 10:27

IPO Guru (1600+ Posts, 3900+ 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.

1035.2. Silapathar Mar 20, 2017 09:26

1 |

EPS for H1 FY 16-17 is 5.08[Post IPO Equity] and not 6.60[Pre IPO Equity]

1034. NPT Mar 18, 2017 20:16

2 |

Top Contributor (200+ Posts, 300+ Likes)

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.

1034.1. Prats Mar 19, 2017 07:59

1 |

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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