05 March 2017

Music Broadcast Limited IPO opens Monday, 06th March

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Music Broadcast Limited IPO opens Monday, 06th March
 

  Music Broadcast Limited operate its radio stations under the brand "Radio City". It is the first private FM radio broadcaster in India. Company have grown its presence from 4 cities in 2001 to 37 cities as on February 15, 2017. These radio stations include the 8 "Radio Mantra Stations" transferred from SPML pursuant to the Scheme of Arrangement and 9 out of 11 New Radio City Stations. As on March 31, 2016, MBL radio stations reached out to over 49.60 million listeners in 23 cities covered.  Total restated standalone revenue as on 31st March 2016 INR 2,455.06 million.

 
 

 
Offer Period
Offer opens: Monday, Mar 06, 2017 Offer closes: Wednesday, Mar 08, 2017
 

 
price brand
324 to 333 per equity share  

 
bid lot
45 equity shares & multiple of 45 equity shares thereafter

 
Issue size
488.53 Cr at Upper price band

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