Business Standard

Music Broadcast Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

488.53 cr

Price Range (₹)

333

Lot Size

45

Min Investment (₹)

14,985.00

Listing Exchange

MumbaiNSE

Open Date

06-Mar-2017

Close Date

08-Mar-2017

Listing Date

17-Mar-2017

Music Broadcast Ltd News

    The Shares of Music Broadcast Ltd have now been listed.

    Music Broadcast Ltd IPO Details

    Initial public offer of 14,670,530 equity shares of face value Rs. 10 each (The Equity Shares) of Music Broadcast Limited (The Company or The Company or The Issuer) for cash at a price of Rs. 333 per equity share aggregating up to Rs. 488.53 crores (The Offer) consisting of a fresh issue of up to 12,012,012 equity shares at a price of Rs. 333 per equity share (including a share premium of Rs. 323 per equity share) by the company aggregating up to Rs. 400.00 crores (The Fresh Issue) and an offer for sale of upto 2,658,518 equity shares by the selling shareholders aggregating up to Rs. 88.53 crores (the offer for sale). The offer would constitute 25.71% of the post-offer paid-up equity share capital of the company.Offer price: Rs.333 per equity share of face value of Rs.10 each.The Offer Price is 33.30 times the face value.

    Objective of issue

    Redemption of the listed NCDs. Early redem. of JPL NCDs & Repayment of JPL ICDs. General corporate purposes.

    Music Broadcast Ltd Contact Details

    Music Broadcast Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor@myradiocity.com

    Website - www.radiocity.in