Music Broadcast Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

06 Mar 2017

Close Date

08 Mar 2017

Allotment

14 Mar 2017

Listing Date

17 Mar 2017

Exchange

NSE & BSE

Price Band

₹333

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹333

Per share

Face Value

₹10 per share

Lot Size

45 Shares

per lot

Issue Size

1,46,70,530 shares (aggregating up to ₹488.53 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,985

1 lot

Pre-IPO Holding

4,50,42,767 shares

Promoters

Post-IPO Holding

5,70,54,779 shares

Promoters

UPI Deadline

2017-03-08

Mandate

Anchor AllotmentFri, 03 Mar 2017

Basis of AllotmentTue, 14 Mar 2017

Refund InitiationWed, 15 Mar 2017

Demat CreditThu, 16 Mar 2017

Listing DayFri, 17 Mar 2017

UPI Mandate Deadline2017-03-08

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares1,20,12,012 shares (aggregating up to ₹400.00 Cr)

Offer for Sale26,58,518 shares of ₹10 (aggregating up to ₹88.53 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Music Broadcast Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 08 Mar 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	14,670,530	100%	₹488.53

IPO Shares Offered

Music Broadcast Ltd. IPO total issue size: ₹488.53 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	14,670,530	₹488.53	100.00%

* Based on upper price band ₹333 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹333.00

Upper Band

Min Investment

₹14,985

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	90	₹29,970
Retail (Max — 13 Lots)	13	585	₹194,805
S-HNI (Min — 14 Lots)	14	630	₹209,790
B-HNI (Min — 68 Lots)	68	3,060	₹1,018,980

* Issue Price ₹333 × Lot Size 45 shares

IPO Schedule

Anchor

03 Mar 2017

✓ Done

IPO Open

06 Mar 2017

✓ Done

IPO Close

08 Mar 2017

✓ Done

Allotment

14 Mar 2017

✓ Done

Refunds

15 Mar 2017

✓ Done

Demat Credit

16 Mar 2017

✓ Done

Listing Day

17 Mar 2017

✓ Done

₹333.00

INR · BSE

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Issue ₹333.00 Live Price

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.

Objects of the Issue

1 Redemption of the Listed NCDs

2 Early redemption of the JPL NCDs and repayment/ pre-payment of the JPL ICDs

3 General corporate purposes

Music Broadcast Ltd. Financials (Amount in Crore)

Revenue from Operations

₹207.5

31-Mar-15

₹245.5

31-Mar-16

₹138.2

30-Sep-16

Profit After Tax (PAT)

₹47.1

31-Mar-15

₹42.5

31-Mar-16

₹29.8

30-Sep-16

Particulars	30-Sep-16	31-Mar-16	31-Mar-15
Revenue from Operations	138.21	245.51	207.51
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	29.76	42.51	47.06
Net Worth	N/A	N/A	N/A
Total Assets	527.83	485.29	397.73
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered1,46,70,530 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding4,50,42,767 shares

Post-Issue Promoter Holding5,70,54,779 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

ICICI Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Music Broadcast Ltd. IPO subscribed? ▲

Music Broadcast Ltd. IPO is subscribed 1.00 times by Mar 08, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Music Broadcast Ltd. IPO retail subscription status? ▼

The Music Broadcast Ltd. IPO retail category is subscribed 1.00 times as of 08 Mar 2017. The retail portion is oversubscribed.

How to subscribe Music Broadcast Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 06 Mar 2017 and closes 08 Mar 2017. Min investment: ₹14,985 (1 lot = 45 shares). UPI mandate: 2017-03-08.

How many times Music Broadcast Ltd. IPO subscribed? ▼

The Music Broadcast Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Music Broadcast Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Mar 2017. Refunds: on 15 Mar 2017.

When Music Broadcast Ltd. IPO will be listed? ▼

The Music Broadcast Ltd. IPO listing date is 17 Mar 2017, Friday. Listed on: NSE & BSE. Issue price: ₹333. Estimated listing: ₹333. GMP: NIL.

When Music Broadcast Ltd. IPO close? ▼

The Music Broadcast Ltd. IPO closes on 08 Mar 2017, Wednesday. UPI mandate: 2017-03-08. Allotment: 14 Mar 2017. Listing: 17 Mar 2017.

Quick Actions

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Live Price LIVE

Last Price₹333.00

Change—

Issue Price₹333.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹333

Face Value₹10

Lot Size45 Sh

Min. Amount₹14,985

GMPNIL

Est. Listing₹333

Subscribed1.00x

Open Date06 Mar 2017

Close Date08 Mar 2017

Allotment14 Mar 2017

Listing Date17 Mar 2017

ExchangeNSE & BSE

UPI Deadline2017-03-08