247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Music Broadcast Limited IPO (Music Broadcast IPO) Details

Music Broadcast Limited is an Advertising And Media based company, located in Mumbai, Music Broadcast Limited IPO size was 488.53 Cr. and was issued at 333.00 per share. The share of Music Broadcast Limited were listed at 373.15 per share and are currently trading at 106.60 per share.

Type :
Sub Sector : Radio City
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
276.42 Cr.

PAT :
59.52 Cr.

Pricing Report

Issue Price :
333.00

Listing Price :
373.15

Current Market Price :
106.60

Issue Price vs CMP :
226.4 (67.99%)

listing Price vs CMP :
266.55 (71.43%)

Performance Report (CAGR* wise)

CAGR : -13.5
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Music Broadcast

Company Information
Radio City is the first private FM radio broadcaster in India. The company operates its radio stations under the brand "Radio City" and has expanded its presence from four cities in 2001 to 29 cities as of November 25, 2016. These radio stations include the eight "Radio Mantra Stations" transferred from SPML pursuant to the Scheme of Arrangement and a recently launched station at Kanpur. Radio City is present in 12 out of the top 15 cities in India by population (Source: Census 2011).

As of March 31, 2016, Radio City
Object of Issue
  • Redemption of Listed NCDs
  • Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDsand
  • General corporate purposes

Music Broadcast MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Mar, 2017
IPO Size :
488.53 Cr.
IPO Subscription :
39.67 X     
PE Multiple :
31.00
Merchant Banker :
ICICI Securities Limited
IPO Registrar:
Kfin Technologies Limited

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Peer Companies Of This Sector

FAQs

Music Broadcast operates in Advertising And Media and Radio City. The Issue is listed on MainBoard in Mar, 2017. Music Broadcast IPO size was 488.53 Cr. with Issue price of 333.00 .

Merchant Banker(s) of Music Broadcast IPO: ICICI Securities Limited

Music Broadcast IPO subscription was 39.67 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Music Broadcast IPO listed at a listing price of 373.15 against the offer price of 333.00.

The current market price of Music Broadcast is 106.60.

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