 "IPO, ipo, market, stocks")
Music Broadcast, a Jagran group firm that runs Radio City FM channel, settled the day at Rs 373, 12% premium to its initial public offer (IPO) price of Rs 333, but 11% lower to its listing price.
The stock listed on the BSE at Rs 420, 26% premium against its issue price of Rs 333.
On the National Stock Exchange (NSE), it opened at Rs 413, 24% higher against its issue price.
The stock however, hit a low of Rs 370 within minutes of listing on the BSE and NSE. It touched a high of Rs 415 in intra-day on NSE.
The Rs 488-crore
