Music Broadcast Limited IPO opens Monday, 06th March
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Music Broadcast Limited IPOopens 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, 2017Offer closes:
Wednesday, Mar 08, 2017
price brand
324 to
333
per equity share
bid lot
45 equity shares & multiple of
45 equity shares thereafter
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