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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.
| 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.
| Radio City IPO Date | Mar 6, 2017 to Mar 8, 2017 |
| Radio City IPO Face Value | ₹10 per share |
| Radio City IPO Price | ₹324 to ₹333 per share |
| Radio City IPO Lot Size | 45 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹488.53 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 2,658,518 shares of ₹10 (aggregating up to ₹88.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The Promoter of the Company is JPL (Jagran Prakasha Ltd) |
Radio City IPO opens on Mar 6, 2017, and closes on Mar 8, 2017. The Radio City IPO bid date is from Mar 6, 2017 10.00 A.M. to Mar 8, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Radio City IPO Opening Date | Mar 6, 2017 |
| Radio City IPO Closing Date | Mar 8, 2017 |
| Basis of Allotment | Mar 14, 2017 |
| Initiation of Refunds | Mar 15, 2017 |
| Credit of Shares to Demat | Mar 16, 2017 |
| Radio City IPO Listing Date | Mar 17, 2017 |
The Radio City IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,985 |
| Retail (Max) | 13 | 585 | ₹194,805 |
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...
The Radio City IPO is subscribed 39.67 times on Mar 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)
| Category | Subscription (times) |
|---|---|
| QIB | 39.78 |
| NII | 109.13 |
| Retail | 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 share |
| Face Value | ₹10 per share |
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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
Email: investor@myradiocity.com
Website: http://www.planetradiocity.com
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
IPO Broker Recommendations
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 Mar 6, 2017, and closes on Mar 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 Mar 6, 2017 and closes on Mar 8, 2017.
Radio City IPO lot size is 45 Shares and the minimum order quantity is .
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.
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So bought it on first day.
Unlucky again, as it is still more than 10% down from my buying price.