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

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)

Radio City IPO Tentative Timetable

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

Radio City IPO Lot Size

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

Radio City IPO Subscription Status (Bidding Detail)

The Radio City IPO is subscribed 39.67x times on Mar 8, 2017 23:00. The public issue subscribed 9.85x in the retail category, 39.78x in the QIB category, and 109.13x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	39.78x
NII	109.13x
RII	9.85x
Total	39.67x

Radio City IPO Prospectus

› Radio City IPO DRHP
› Radio City IPO RHP

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
IPO Price	₹333 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹333.00
₹420.00
₹368.00
₹420.00
₹373.15
3,814,473

NSE
₹333.00
₹413.00
₹367.20
₹415.00
₹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

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Radio City IPO Lead Manager(s)

ICICI Securities Limited

Lead Manager Reports

Radio City IPO FAQs

What is Radio City IPO?

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.
When Radio City IPO will open?

The Radio City IPO opens on Mar 6, 2017 and closes on Mar 8, 2017.
What is the lot size of Radio City IPO?

Radio City IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
How to apply for Radio City IPO?

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.
When Radio City IPO allotment?

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.
When is Radio City IPO listing date?

The Radio City IPO listing date is on Friday, March 17, 2017.

Radio City IPO Message Board

Ranked Members

1053. Prabhakaran Kuppusamy |May 8, 2017 19:09

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 09:35

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 04:50

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 21:19

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

1050.1. A.K. Goyal |Apr 21, 2017 11:25

worst bank - Bank of baroda.

1049. Indy |Apr 21, 2017 04:16

Any one having fresh view on Radiocity

1048. Sumit fatehchandani |Mar 28, 2017 12:12

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 22:46

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

1047. VIDHYA |Mar 22, 2017 10:23

MBL MA KYA KARA I BUY400 RS 50 SHARE

1047.1. IPO Student |Apr 5, 2017 12:36

Vidhyaji, 20k ka bajao radio..!

1046. agrawaldinesh |Mar 21, 2017 01:41

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 11:41

My amount is still blocked by bank.

1046.7. Sumit fatehchandani |Mar 25, 2017 17:35

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 17:35

IPO Guru (1100+ 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 21:16

Top Contributor (200+ Posts, 100+ Likes)

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

1044. CHD |Mar 20, 2017 15:19

IPO Guru (1100+ 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 15:21

IPO Guru (1100+ Posts, 400+ Likes)

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

1044.2. Chem cho |Mar 21, 2017 07:18

IPO Guru (2000+ Posts, 2000+ Likes)

MY FIRST DAY TARGET ACHIEVED

1043. Kap |Mar 20, 2017 14:45

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 14:33

kya sell karde

1041. Umang & his ultrasonic uproar |Mar 20, 2017 12:57

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

1041.1. irrelevant |Mar 20, 2017 17:56

IPO Mentor (900+ Posts, 2300+ Likes)

Jahaj ka moh bhag nahi ho raha kisi ko

Log marna pasand karenge lekin jahaj nahi chodenge

1040. CHD |Mar 20, 2017 12:13

IPO Guru (1100+ Posts, 400+ Likes)

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

1040.1. vkvkgupta |Mar 20, 2017 12:19

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 11:27

IPO Guru (1100+ 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 11:36

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

1038. CHD |Mar 20, 2017 11:24

IPO Guru (1100+ Posts, 400+ Likes)

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

1037. irrelevant |Mar 20, 2017 10:22

IPO Mentor (900+ Posts, 2300+ Likes)

New LOW 362 at 9:15

1037.1. irrelevant |Mar 20, 2017 10:58

IPO Mentor (900+ Posts, 2300+ Likes)

420 pe list hoke char so bisi dikhai
hahaha

1036. gamble |Mar 19, 2017 11:14

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 18:49

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 19:28

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 11:10

IPO Guru (5700+ Posts, 19000+ 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 11:27

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 10:26

Top Contributor (200+ Posts, 100+ Likes)

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

1034. NPT |Mar 18, 2017 21:16

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 08:59

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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