FREE Account Opening + No Clearing Fees
Loading...

Music Broadcast Ltd IPO (Radio City IPO) Detail

March 6, 2017 - March 8, 2017

Radio City IPO is a book built issue of Rs 488.53 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.27 crore shares.

Radio City IPO bidding started from March 6, 2017 and ended on March 8, 2017. The allotment for Radio City IPO was finalized on Tuesday, March 14, 2017. The shares got listed on BSE, NSE on March 17, 2017.

Radio City IPO price band is set at ₹324 to ₹333 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,985.

ICICI Securities Limited is the book running lead manager of the Radio City IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Radio City IPO RHP for detailed information.

Radio City IPO Details

IPO Date March 6, 2017 to March 8, 2017
Listing Date March 17, 2017
Face Value ₹10 per share
Price Band ₹324 to ₹333 per share
Lot Size 45 Shares
Total Issue Size[.] shares
(aggregating up to ₹488.53 Cr)
Fresh Issue[.] shares
(aggregating up to ₹400.00 Cr)
Offer for Sale2,658,518 shares of ₹10
(aggregating up to ₹88.53 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Radio City IPO Reservation

Radio City IPO offers 10,480,784 shares. 2,978,685 (28.42%) to QIB, 2,250,630 (21.47%) to NII, 5,251,469 (50.11%) to RII. 116,699 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,978,685 (28.42%)NA
NII (HNI) Shares Offered2,250,630 (21.47%)
Retail Shares Offered5,251,469 (50.11%)116,699
Total Shares Offered10,480,784 (100%)

Radio City IPO Timeline (Tentative Schedule)

Radio City IPO opens on March 6, 2017, and closes on March 8, 2017.

IPO Open Date Monday, March 6, 2017
IPO Close Date Wednesday, March 8, 2017
Basis of Allotment Tuesday, March 14, 2017
Initiation of Refunds Wednesday, March 15, 2017
Credit of Shares to Demat Thursday, March 16, 2017
Listing Date Friday, March 17, 2017
Cut-off time for UPI mandate confirmation 5 PM on March 8, 2017

Radio City IPO Lot Size

Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 45 ₹14,985
Retail (Max) 13 585 ₹194,805
Lot Size Calculator

About Music Broadcast Ltd

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 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 (Radio City IPO Objectives)

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 Review (Apply)

[Dilip Davda]  Radio FM sector is set for a fast forward mode and this company with its niche play and presence in many cities set to benefit with more liberal new policy. Investors may consider investment for short to long term rewards. Read detail review...


Radio City IPO Subscription Status (Bidding Detail)

The Radio City IPO is subscribed 39.67 times on March 8, 2017 11:00:00 PM. The public issue subscribed 9.85 times in the retail category, 39.78 times in the QIB category, and 109.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB39.78
NII109.13
Retail9.85
Total39.67

Radio City IPO Prospectus

Radio City IPO Rating

979
4.1
Rating:Rated 4.1 stars
Vote Here ...

Radio City IPO Listing Details

Listing Date March 17, 2017
BSE Script Code 540366
NSE Symbol RADIOCITY
ISIN INE919I01016
Final Issue Price ₹333 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹333.00
₹420.00
₹368.00
₹420.00
₹373.15
NSE
₹333.00
₹413.00
₹367.20
₹415.00
₹372.90

Check IPO Performance…

Music Broadcast Ltd Contact Details

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

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Radio City IPO - Buy or Not

Radio City IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Radio City IPO FAQs

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 share. The minimum order quantity is 45 Shares.

The IPO opens on March 6, 2017, and closes on March 8, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Radio City IPO opens on March 6, 2017 and closes on March 8, 2017.

Radio City IPO lot size is 45 Shares, and the minimum amount required is ₹14,985.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Radio City IPO will be done on Tuesday, March 14, 2017, and the allotted shares will be credited to your demat account by Thursday, March 16, 2017. Check the Radio City IPO allotment status.

The Radio City IPO listing date is on March 17, 2017.
Open an Instant Account with Zerodha

Radio City IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

1921 Comments

1050. Prabhakaran Kuppusamy |   Link |  Bookmark |May 8, 2017 6:09:08 PM (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.
1049. Indy |   Link |  Bookmark |May 3, 2017 8:35:19 AM
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
1048. Raynmaker |   Link |  Bookmark |April 23, 2017 3:50:06 AM
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
1047. ccol chennai |   Link |  Bookmark |April 19, 2017 8:19:07 PM
STILL AMOUNT IS BLOCKED IN BANK OB BARODA ACCOUNT WHAT TO DO
1047.1. A.K. Goyal |   Link |  Bookmark |April 21, 2017 10:25:04 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
worst bank - Bank of baroda.
1046. Indy |   Link |  Bookmark |April 21, 2017 3:16:17 AM
Any one having fresh view on Radiocity
1045. Sumit fatehchandani |   Link |  Bookmark |March 28, 2017 11:12:23 AM
My amount is still blocked by bank , anyone facing the same problem, please let me know the next step
1045.1. Rajkot Special |   Link |  Bookmark |March 29, 2017 9:46:42 PM
Contact your bank and give applications for unblock fund with ipo details
1044. VIDHYA |   Link |  Bookmark |March 22, 2017 9:23:47 AM
MBL MA KYA KARA I BUY400 RS 50 SHARE
1044.1. IPO Student |   Link |  Bookmark |April 5, 2017 11:36:40 AM
Vidhyaji, 20k ka bajao radio..!
1043. agrawaldinesh |   Link |  Bookmark |March 21, 2017 12:41:44 AM
My amount is still blocked in UCO Bank how to get that money?
Anyone facing same issue ?
1043.6. Sumit fatehchandani |   Link |  Bookmark |March 24, 2017 10:41:54 AM
My amount is still blocked by bank.
1043.7. Sumit fatehchandani |   Link |  Bookmark |March 25, 2017 4:35:23 PM
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
1042. CHD |   Link |  Bookmark |March 20, 2017 4:35:48 PM (1100+ Posts, 500+ Likes)
The selling seems to have stopped today ....the scrip made the bottom & rebounded from there .... let''s hope it picks up again tomorrow ...!
1042.1. Silapathar |   Link |  Bookmark |March 21, 2017 8:16:01 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Looks like will go to 320-325 in the coming days
1041. CHD |   Link |  Bookmark |March 20, 2017 2:19:28 PM (1100+ Posts, 500+ Likes)
After hitting a low of 261 ..... the share has bounced a little ... back at 266 ....now ...!
1041.1. CHD |   Link |  Bookmark |March 20, 2017 2:21:32 PM (1100+ Posts, 500+ Likes)
Sorry ... the bottom today was 357 , now at 368 ...!
1041.2. Chem cho |   Link |  Bookmark |March 21, 2017 6:18:37 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
MY FIRST DAY TARGET ACHIEVED
1040. Kap |   Link |  Bookmark |March 20, 2017 1:45:48 PM
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..
1039. chetan rajguru |   Link |  Bookmark |March 20, 2017 1:33:07 PM
kya sell karde
1038. Umang & his ultrasonic uproar |   Link |  Bookmark |March 20, 2017 11:57:32 AM
Jahaj mein aag lug chuki hai jaldi sa bahar nikloo, verna app ko lay dobaaga
1038.1. irrelevant |   Link |  Bookmark |March 20, 2017 4:56:40 PM
Jahaj ka moh bhag nahi ho raha kisi ko

Log marna pasand karenge lekin jahaj nahi chodenge
1037. CHD |   Link |  Bookmark |March 20, 2017 11:13:28 AM (1100+ Posts, 500+ Likes)
D-Mart is going to be block-buster on Listing day .... Gupta ji ....!
1037.1. vkvkgupta |   Link |  Bookmark |March 20, 2017 11:19:06 AM
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....
1036. CHD |   Link |  Bookmark |March 20, 2017 10:27:28 AM (1100+ Posts, 500+ 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 ...?
1036.1. vkvkgupta |   Link |  Bookmark |March 20, 2017 10:36:28 AM
Everyone is playing it cautiously and waiting for D-Mart listing.
1035. CHD |   Link |  Bookmark |March 20, 2017 10:24:39 AM (1100+ Posts, 500+ Likes)
Heading down to the Issue price .... fast ....!
1034. irrelevant |   Link |  Bookmark |March 20, 2017 9:22:24 AM
New LOW 362 at 9:15
1034.1. irrelevant |   Link |  Bookmark |March 20, 2017 9:58:40 AM
420 pe list hoke char so bisi dikhai
hahaha
1033. gamble |   Link |  Bookmark |March 19, 2017 10:14:38 AM (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 .......


1033.6. gamble |   Link |  Bookmark |March 19, 2017 5:49:45 PM (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.
1033.7. Dot |   Link |  Bookmark |March 19, 2017 6:28:55 PM (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
1032. Eagleye |   Link |  Bookmark |March 19, 2017 10:10:40 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ 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/-
1032.1. gamble |   Link |  Bookmark |March 19, 2017 10:27:01 AM (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.




1032.2. Silapathar |   Link |  Bookmark |March 20, 2017 9:26:39 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
EPS for H1 FY 16-17 is 5.08[Post IPO Equity] and not 6.60[Pre IPO Equity]
1031. NPT |   Link |  Bookmark |March 18, 2017 8:16:52 PM (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.
1031.1. Prats |   Link |  Bookmark |March 19, 2017 7:59:33 AM
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.