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||[.] 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|
|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|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Mar 8, 2017 23:00
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Music Broadcast Ltd
5 th Floor, RNA Corporate Park,
Off Western Express Highway,
Kalanagar, Bandra (East) Mumbai 400 051
Phone: (91 22) 6696 9100
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