Issue Price
₹333
Per Share
GMP
NIL
Grey Market
Est. Listing
₹333
Expected Price
Min. Application
₹29,970
2 lots × 45 shares
Incorporated in 1999, Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016. They are present in 12 out of the top 15 cities in India by population.Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. Radio stations deliver film, non-film, devotional, regional, and international music, as well as radio jockey (RJ) hosted shows in Hindi, Tamil, Kannada, Malayalam, and Telugu languages. It also operates 31 Web radio stations that offer Internet radio with live RJ hosted shows through Planet Radio City in 6 languages with a listenership of 12.20 million. In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal', and 'Radio City Smaran' in various languages on mobile and other smart devices.
Music Broadcast Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 14,670,530 | 100.00% | ₹488.53 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,985 |
| Retail (Max) | 13 | 585 | ₹194,805 |
| sNII (Min) | 14 | 630 | ₹209,790 |
| bNII (Min) | 68 | 3,060 | ₹1,018,980 |
| Particulars | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 138.21 | 245.51 | 207.51 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 29.76 | 42.51 | 47.06 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 527.83 | 485.29 | 397.73 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |