Radio City IPO Details

Issue Open Mar 6, 2017
Issue Close Mar 8, 2017
IPO Price ₹333
Face Value ₹10
IPO Size ₹488.53 Cr
Listing At BSE, NSE
IPO Lot Size 45

MUSIC BROADCAST LIMITED

Our Company was incorporated as 'Music Broadcast Private Limited' on November 4,1999, at Kolkata as a private limited company under the Companies Act, 1956. Our Company was converted into a public limited company pursuant to a resolution of our Shareholders at an extraordinary general meeting held on June 15,2015 and consequently, the name of our Company was changed to Music Broadcast Limited and afresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai ("RoC") on June 25,2015. For details of changes in the name and the registered office of our Company, see "History and Certain Corporate Matters" on page 123 of the Prospectus dated March 10,2017 (the "Prospectus").

Registered and Corporate Office: 5th Floor, RNA Corporate Park, Off Western Express Highway, Kalanagar, Bandra (East), Mumbai 400 051;
Telephone: (91 22) 6696 9100; Facsimile: (91 22) 2642 9113; E-mail: investor@myradiocity.com;
Website: www.planetradiocity.com; Contact Person: Chirag Bagadia, Company Secretary and Compliance Officer; Telephone: (91 22) 6696 9100; Facsimile: (91 22) 2642 9113;
E-mail: cs@myradiocity.com; CorporateldentityNumber:U64200MH1999PLC137729

BASIS OF ALLOTMENT

Our Company has filed the Prospectus dated March 10, 2017 with the Registrar of Companies, Mumbai, Maharashtra (the "Prospectus") and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and the trading is expected to commence on March 17,2017.

PROMOTER OF OUR COMPANY: JAGRAN PRAKASHAN LIMITED

INITIAL PUBLIC OFFER OF 14,670,530 EQUITY SHARES OF FACE VALUE RS 10 EACH (THE "EQUITY SHARES") OF MUSIC BROADCAST LIMITED (OUR "COMPANY" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 333 PER EQUITY SHARE AGGREGATING UP TO RS 4,885.29 MILLION (THE "OFFER") CONSISTING OF A FRESH ISSUE OF UP T0 12,012,012 EQUITY SHARES AT A PRICE OF RS 333 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 323 PER EQUITY SHARE) BY OUR COMPANY AGGREGATING TO RS 4,000 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 2,658,518 EQUITY SHARES BY THE SELLING SHAREHOLDERS (AS DEFINED IN THE PROSPECTUS) AGGREGATING RS 885.29 MILLION (THE "OFFER FOR SALE"). THE OFFER WOULD CONSTITUTE 25.71% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Offer Price: RS 333 per equity share of face value of RS 10 each
The Offer Price is 33.30 times the Face Value.
Anchor Investor Offer Price: RS 333 per equity share

Risks to Investors:

(I) ICICI Securities Limited, the merchant banker associated with the Offer has handled 18 public issues in the past three years, out of which 5 issues closed below the issue price on listing date.
(ii) Average cost of acquisition of the Equity Shares for the Selling Shareholders is Rs 112.11 and the Offer Price at the upper end of the Price Band is as high as Rs 333.

OFFER PERIOD: OPENED ON: MONDAY, MARCH 06, 2017
CLOSED ON WEDNESDAY, MARCH 08, 2017

ANCHOR INVESTOR BIDDING DATE WAS ONE WORKING DAY PRIOR TO THE BID/OFFER OPENING DATE i.e. FRIDAY, MARCH 03, 2017

In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"), this is an Offer for at least such percentage of the post-Offer paid-up Equity Share capital of our Company which will be equivalent toRs 4,000,00 million calculated at the Offer Price and the post-Offer capital of our Company calculated at the Offer Price is more than Rs16,000 million but less than or equal to Rs 40,000 million. The Offer has been made through the Book Building Process in compliance with regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI ICDR Regulations"), wherein 50% of the Offer was allocated on a proportionate basis to qualified institutional buyers ("QIBs"). Our Company, in consultation with the BRLM, allocated up to 60% of the QIB Portion to Anchor Investors ("Anchor Investor Portion") on a discretionary basis, out of which at least one-third was available for allocation to Mutual Funds only subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Such number of Equity Shares representing 5% of the Net QIB Portion (defined in the Prospectus) was available for allocation on a proportionate basis to Mutual Funds only, and the remaining Net QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer was available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Investors (except Anchor Investors) were mandatorily required to participate in this Offer only through the Application Supported by Blocked Amount ("ASBA") process, by providing details of their respective bank account in which the Bid amount was blocked by the Self Certified Syndicate Banks ("SCSBs"). For further details, see "offer Procedure" on page 237 of the Prospectus.

The bidding for Anchor Investors opened and closed on March 03,2017.The Company received 19 Anchor Investor Application Forms from 15 Investors for 4,699,755 Equity Shares. The Anchor Investor Offer Price was finalized at Rs 333 per Equity Share. A total of 4,401,158 Equity Shares were allocated under the Anchor Investor Portion, aggregating to Rs 1,465,585,614.

The Offer (excluding Anchor) received 894,994 applications for 410,148,450 Equity Shares (prior to technical rejections) resulting in 39.94 times subscription. The details of the applications received in the Offer from various cateaories are as under: (before technical rejections):

Category No. of
Applications
No. of Equity
Shares applied
No. of times
Subscribed
Amount
(in Rs.)
Shares
Reserved
A Retail Individual Bidders 894,288 50,418,585 9.82 16,799,113,030 5,134,686
B Non Institutional Bidders 636 241,112,295 109.57 80,290,371,780 2,200,580
C Qualified Institutional Bidders(Excluding Anchors) 70 118,617,570 40.43 39,499,650,810 2,934,106
Total 894,994 410,148,450 39.94 136,589,135,620 10,269,372

Final Demand
A summary of the final demand as at different Bid prices is as under:

SI
No.
Bid Price
(in Rs)
Bids
Quantity
(%) to
Total
Cumulative
Total
% Cumulative
Total
1 324 330,435 0.08 330,435 0.08
2 325 41,850 0.01 372,285 0.09
3 326 12,330 0.00 384,615 0.09
4 327 179,370 0.04 563,985 0.14
5 328 28,530 0.01 592,515 0.14
6 329 33,660 0.01 626,175 0.15
7 330 92,160 0.02 718,335 0.17
8 331 32,850 0.01 751,185 0.18
9 332 37,980 0.01 789,165 0.19
10 333 371,333,340 89.09 372,122,505 89.28
11 CUTOFF 44,696,070 10.72 416,818,575 100.00
TOTAL 416,818,575 100.00

The Basis of Allotment was finalized in consultation with BSE on March 14,2017.

A. Allotment to Retail Individual Investors (after technical rejections)

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of Rs 333 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 9.604376 times. The total number of Equity Shares Allotted in Retail Portion is 5,134,686 Equity Shares to 114,104 successful Retail Individual Investors. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received
% of
Total
Total No.
of Equity
Shares Applied
% to
Total
No. of
Equity Shares
Allotted per
Applicant
Ratio Total No.
of Equity
Shares Allotted
45 818,679 93.41 36,840,555 74.70 45 47:361 4,796,460
90 24,926 2.84 2,243,340 4.55 45 25:192 146,025
135 8,699 0.99 1,174,365 2.38 45 25:192 50,985
180 4,869 0.56 876,420 1.78 45 25:192 28,530
225 2,843 0.32 639,675 1.30 45 25:192 16,650
270 3,068 0.35 828,360 1.68 45 25:192 17,955
315 2,179 0.25 686,385 1.39 45 25:192 12,780
360 847 0.10 304,920 0.62 45 25:192 4,950
405 376 0.04 152,280 0.31 45 49:376 2,205
450 1,358 0.15 611,100 1.24 45 25:192 7,965
495 322 0.04 159,390 0.32 45 42:322 1,890
540 509 0.06 274,860 0.56 45 25:192 2,970
585 7,733 0.88 4,523,805 9.17 45 25:192 45,315
1 6:7516 6
TOTAL 876,408 100.00 49,315,455 100.00 5,134,686

Note: One additional equity share was allotted to 6 allotees from amongst 7,516 successful applicants from the categories 90-585 (i.e. excluding successful applicants from category 45) in the ratio of 6:7, 516.

B. Allotment to Non -Institutional Investors (after technical rejections)

The Basis of Allotment to the Non-institutional investors, Who have bid at the Offer Price of Rs 333 per Equity Share, was finalized in Consultation with BSE. The Non institutional Portion has been subscribed to the extent of 109,084296 times. The Total number of Equity shares Allotted in this category, on a proportionate basis is 2,200,580 Equity Shares to 409 successful Non-Instituitional Investors. The category-wise details of the Basis of Allotment are as under.

Category No. Of
Applications
Received
% of
Total
Total No. of
Equity
Shares Applied
% to
Total
No. of
Equity Shares
Allotted per
Applicant
Ratio Total No. of
Equity Shares
Allotted
630 62 9.98 39,060 0.02 45 4:31 360
675 22 3.54 14,850 0.01 45 3:22 135
720 8 1.29 5,760 0.00 45 1:8 45
765 2 0.32 1,530 0.00 45 1:2 45
810 4 0.64 3,240 0.00 45 1:4 45
855 1 0.16 855 0.00 45 1:1 45
900 35 5.64 31,500 0.01 45 6:35 270
945 2 0.32 1,890 0.00 45 1:2 45
990 5 0.81 4,950 0.00 45 1:5 45
1,035 4 0.64 4,140 0.00 45 1:4 45
1,125 4 0.64 4,500 0.00 45 1:4 45
1,170 7 1.13 8,190 0.00 45 1:7 45
1,215 2 0.32 2,430 0.00 45 1:2 45
1,260 2 0.32 2,520 0.00 45 1:2 45
1,305 1 0.16 1,305 0.00 45 1:1 45
1,350 9 1.45 12,150 0.01 45 2:9 90
1,395 2 0.32 2,790 0.00 45 1:2 45
1,440 2 0.32 2,880 0.00 45 1:2 45
1,485 24 3.86 35,640 0.01 45 7:24 315
1,530 7 1.13 10,710 0.00 45 2:7 90
1,575 1 0.16 1,575 0.00 45 1:1 45
1,620 1 0.16 1,620 0.00 45 1:1 45
1,665 1 0.16 1,665 0.00 45 1:1 45
1,710 1 0.16 1,710 0.00 45 1:1 45
1,755 1 0.16 1,755 0.00 45 1:1 45
1,800 8 1.29 14,400 0.01 45 2:8 90
1,845 1 0.16 1,845 0.00 45 1:1 45
1,890 2 0.32 3,780 0.00 45 1:2 45
1,935 1 0.16 1,935 0.00 45 1:1 45
1,980 2 0.32 3,960 0.00 45 1:2 45
2,025 3 0.48 6,075 0.00 45 1:3 45
2,250 4 0.64 9,000 0.00 45 1:4 45
2,385 1 0.16 2,385 0.00 45 1:1 45
2,430 1 0.16 2,430 0.00 45 1:1 45
2,475 1 0.16 2,475 0.00 45 1:1 45
2,520 1 0.16 2,520 0.00 45 1:1 45
2,610 1 0.16 2,610 0.00 45 1:1 45
2,700 6 0.97 16,200 0.01 45 1:1 135
2,835 1 0.16 2,835 0.00 45 1:1 45
2,925 1 0.16 2,925 0.00 45 1:1 45
2,970 15 2.42 44,550 0.02 45 3:5 405
3,015 52 8.37 156,780 0.07 45 31:52 1,395
3,105 1 0.16 3,105 0.00 45 1:1 45
3,150 6 0.97 18,900 0.01 45 1:1 135
3,375 2 0.32 6,750 0.00 45 1:1 45
3,600 1 0.16 3,600 0.00 45 1:1 45
3,645 1 0.16 3,645 0.00 45 1:1 45
3,735 1 0.16 3,735 0.00 45 1:1 45
4,275 1 0.16 4,275 0.00 45 1:1 45
4,455 1 0.16 4,455 0.00 45 1:1 45
4,500 10 1.61 45,000 0.02 45 9:10 405
4,680 2 0.32 9,360 0.00 45 1:1 45
4,770 1 0.16 4,770 0.00 45 1:1 45
5,085 1 0.16 5,085 0.00 47 1:1 47
5,445 1 0.16 5,445 0.00 50 1:1 50
5,625 1 0.16 5,625 0.00 52 1:1 52
5,670 1 0.16 5,670 0.00 52 1:1 52
5,850 1 0.16 5,850 0.00 54 1:1 54
5,985 5 0.81 29,925 0.01 55 1:1 275
6,030 1 0.16 6,030 0.00 55 1:1 55
6,075 1 0.16 6,075 0.00 56 1:1 56
6,210 1 0.16 6,210 0.00 57 1:1 57
6,525 1 0.16 6,525 0.00 60 1:1 60
6,570 1 0.16 6,570 0.00 60 1:1 60
6,750 3 0.48 20,250 0.01 62 1:1 186
6,885 2 0.32 13,770 0.01 63 1:1 126
6,975 2 0.32 13,950 0.01 64 1:1 128
7,110 1 0.16 7,110 0.00 65 1:1 65
7,425 1 0.16 7,425 0.00 68 1:1 68
7,470 4 0.64 29,880 0.01 68 1:1 272
7,650 1 0.16 7,650 0.00 70 1:1 70
7,785 1 0.16 7,785 0.00 71 1:1 71
8,055 1 0.16 8,055 0.00 74 1:1 74
8,550 1 0.16 8,550 0.00 78 1:1 78
8,685 1 0.16 8,685 0.00 80 1:1 80
9,000 7 1.13 63,000 0.03 83 1:1 581
9,225 1 0.16 9,225 0.00 85 1:1 85
10,080 1 0.16 10,080 0.00 92 1:1 92
10,170 1 0.16 10,170 0.00 93 1:1 93
10,485 1 0.16 10,485 0.00 96 1:1 96
11,250 1 0.16 11,250 0.00 103 1:1 103
11,835 1 0.16 11,835 0.00 108 1:1 108
11,880 1 0.16 11,880 0.00 109 1:1 109
11,925 1 0.16 11,925 0.00 109 1:1 109
11,970 1 0.16 11,970 0.00 110 1:1 110
12,015 2 0.32 24,030 0.01 110 1:1 220
12,915 1 0.16 12,915 0.01 118 1:1 118
13,500 1 0.16 13,500 0.01 124 1:1 124
13,590 1 0.16 13,590 0.01 125 1:1 125
14,265 3 0.48 42,795 0.02 131 1:1 393
14,985 10 1.61 149,850 0.06 137 1:1 1,370
17,685 1 0.16 17,685 0.01 162 1:1 162
18,000 3 0.48 54,000 0.02 165 1:1 495
22,500 3 0.48 67,500 0.03 206 1:1 618
23,985 1 0.16 23,985 0.01 220 1:1 220
24,030 2 0.32 48,060 0.02 220 1:1 440
24,300 1 0.16 24,300 0.01 223 1:1 223
25,560 1 0.16 25,560 0.01 234 1:1 234
25,830 1 0.16 25,830 0.01 237 1:1 237
26,865 1 0.16 26,865 0.01 246 1:1 246
27,000 1 0.16 27,000 0.01 248 1:1 248
29,250 1 0.16 29,250 0.01 268 1:1 268
29,745 1 0.16 29,745 0.01 273 1:1 273
29,970 1 0.16 29,970 0.01 275 1:1 275
30,015 6 0.97 180,090 0.08 275 1:1 1,650
30,060 3 0.48 90,180 0.04 276 1:1 828
30,150 1 0.16 30,150 0.01 276 1:1 276
33,390 1 0.16 33,390 0.01 306 1:1 306
34,830 1 0.16 34,830 0.01 319 1:1 319
36,000 1 0.16 36,000 0.01 330 1:1 330
37,530 2 0.32 75,060 0.03 344 1:1 688
38,700 1 0.16 38,700 0.02 355 1:1 355
40,455 1 0.16 40,455 0.02 371 1:1 371
45,090 1 0.16 45,090 0.02 413 1:1 413
46,800 1 0.16 46,800 0.02 429 1:1 429
47,970 1 0.16 47,970 0.02 440 1:1 440
49,230 1 0.16 49,230 0.02 451 1:1 451
50,040 1 0.16 50,040 0.02 459 1:1 459
50,715 1 0.16 50,715 0.02 465 1:1 465
52,560 1 0.16 52,560 0.02 482 1:1 482
54,900 1 0.16 54,900 0.02 503 1:1 503
59,805 1 0.16 59,805 0.02 548 1:1 548
60,030 5 0.81 300,150 0.13 550 1:1 2,750
60,075 3 0.48 180,225 0.08 551 1:1 1,653
67,500 1 0.16 67,500 0.03 619 1:1 619
68,265 1 0.16 68,265 0.03 626 1:1 626
71,100 1 0.16 71,100 0.03 652 1:1 652
90,090 1 0.16 90,090 0.04 826 1:1 826
105,075 2 0.32 210,150 0.09 963 1:1 1,926
112,590 1 0.16 112,590 0.05 1,032 1:1 1,032
144,135 1 0.16 144,135 0.06 1,321 1:1 1,321
148,500 1 0.16 148,500 0.06 1,361 1:1 1,361
149,220 1 0.16 149,220 0.06 1,368 1:1 1,368
150,120 7 1.13 1,050,840 0.44 1,376 1:1 9,632
150,165 1 0.16 150,165 0.06 1,377 1:1 1,377
165,870 1 0.16 165,870 0.07 1,521 1:1 1,521
180,000 1 0.16 180,000 0.07 1,650 1:1 1,650
240,210 2 0.32 480,420 0.20 2,202 1:1 4,404
270,270 1 0.16 270,270 0.11 2,478 1:1 2,478
285,255 1 0.16 285,255 0.12 2,615 1:1 2,615
300,285 32 5.15 9,609,120 4.00 2,753 1:1 88,096
300,330 1 0.16 300,330 0.13 2,753 1:1 2,753
300,600 1 0.16 300,600 0.13 2,756 1:1 2,756
420,435 1 0.16 420,435 0.18 3,854 1:1 3,854
450,000 1 0.16 450,000 0.19 4,125 1:1 4,125
450,450 7 1.13 3,153,150 1.31 4,129 1:1 28,903
600,570 15 2.42 9,008,550 3.75 5,506 1:1 82,590
600,750 1 0.16 600,750 0.25 5,507 1:1 5,507
660,690 1 0.16 660,690 0.28 6,057 1:1 6,057
747,000 1 0.16 747,000 0.31 6,848 1:1 6,848
750,735 13 2.09 9,759,555 4.07 6,882 1:1 89,466
900,900 6 0.97 5,405,400 2.25 8,259 1:1 49,554
1,051,020 1 0.16 1,051,020 0.44 9,635 1:1 9,635
1,201,140 1 0.16 1,201,140 0.50 11,011 1:1 11,011
1,201,185 1 0.16 1,201,185 0.50 11,012 1:1 11,012
1,498,500 1 0.16 1,498,500 0.62 13,737 1:1 13,737
1,501,470 20 3.22 30,029,400 12.51 13,764 1:1 275,280
1,620,000 2 0.32 3,240,000 1.35 14,851 1:1 29,702
1,755,000 1 0.16 1,755,000 0.73 16,088 1:1 16,088
2,102,040 1 0.16 2,102,040 0.88 19,270 1:1 19,270
2,250,630 1 0.16 2,250,630 0.94 20,632 1:1 20,632
2,252,250 1 0.16 2,252,250 0.94 20,647 1:1 20,647
2,852,820 3 0.48 8,558,460 3.57 26,152 1:1 78,456
3,002,985 5 0.81 15,014,925 6.25 27,529 1:1 137,645
3,015,000 1 0.16 3,015,000 1.26 27,639 1:1 27,639
3,303,000 1 0.16 3,303,000 1.38 30,279 1:1 30,279
3,453,435 1 0.16 3,453,435 1.44 31,658 1:1 31,658
3,603,600 4 0.64 14,414,400 6.00 33,035 1:1 132,140
3,903,885 5 0.81 19,519,425 8.13 35,788 1:1 178,940
4,204,170 2 0.32 8,408,340 3.50 38,516 1:1 77,032
4,504,500 1 0.16 4,504,500 1.88 41,239 1:1 41,239
7,507,485 2 0.32 15,014,970 6.25 68,777 1:1 137,554
10,210,185 5 0.81 51,050,925 21.27 93,574 1:1 467,870
TOTAL 621 100.00 240,048,720 100.00 2,200,580

C. Allotment to QIBs (excluding Anchor Investors)

Allotment to QIBs, who have Bid at the Offer Price of Rs 333 per Equity Share, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 40.4272 times of Net QIB portion. As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of Net QIB portion available (i.e. 146,706 Equity Shares) and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 2,787,400 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB category (excluding Anchor Investors) is 2,934,106 Equity Shares, which were allotted to 70 successful Applicants. The category-wise details of the Basis of Allotment are as under:

Category Fls/Banks Flls ICs MFs Others Total
QIB 980,201 806,751 354,264 588,068 204,822 2,934,106

D. Allotment to Anchor Investors

The Company and Selling Shareholders have allotted 4,401,158 Equity Shares to 15 Anchor Investors, in consultation with the BRLM. In accordance with the SEBI ICDR Regulations, this represents 60.00% of the QIB Portion.

Category Fls/Banks MFs ICs VCs AIF/FPI FII/FPC Others Total
Anchor 0 1,878,638 945,945 0 0 1,576,575 0 4,401,158

The IPO Committee of the Company at its meeting held on March 15,2017, noted and approved the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants.

The Allotment Advice-cum-refund intimation and/or notices will be dispatched to the address of the investors as registered with the Depositories. The Allotment Advice-cum-refund intimation and/or notices have been over-printed with the bank account details as registered, if any, with the Depositories. The instructions to the Self Certified Syndicate Bank (SCSBs) have been issued on March 14, 2017 for unblocking of funds. The Equity Shares allotted to the successful allottees have been credited on March 15,2017 into the respective beneficiary accounts subject to validation of the account details with the Depositories concerned. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. Our Company has filed listing applications with NSE and BSE on March 16,2017.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 10,2017 filed with the Registrar of Companies, Mumbai.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Karvy Computershare Private Limited at www.karvycomputershare.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole applicant, serial number of the Bid-Cum-Application Form, number of Equity Shares bid for, name of the Designated Intermediary, place where the bid was submitted and payment details, at the address given below:

Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32 Gachibowli, Financial District,
Nanakramguda, Hyderabad 500 032
Tel: (91 40) 6716 2222; Fax: (91 40) 2343 1551
E-mail: einward.ris@karvy.com
Investor Grievance E-mail: mbl.ipo@karvy.com
Website: www.karvycomputershare.com
Contact Person: M. Muralikrishna
SEBI Registration No.: INR000000221

Place: Mumbai
Date: March 16,2017
For MUSIC BROADCAST LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

Radio City IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Radio City IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Radio City IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Radio City IPO basis of allotment status?

    The Radio City IPO basis of allotment (published above) tells you how shares are allocated to you in Radio City IPO and category wise demand of IPO share.

    Visit the Radio City IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Radio City IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Radio City IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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