IPO Issue Music Broadcast Limited (Radio City FM)


IPO of Music Broadcast Ltd, operating Radio City FM Channels  opens from 06 Mar.  2017  to 08 Mar. 2017. 
The price band of Issue is Rs. 324 to Rs. 333. The fresh issue has an offer for sale of 2,658,518 shares.

The minimum application size and bid lot  45 Equity Shares and in multiples of 45 Equity Shares thereof.

 Issue Details

About Music Broadcast Ltd :

Company Overview:

Music Broadcast Ltd is promoted by Jagran group which is a leading media & communication group in India. The management team  has several years of experience in media industry and the board comprises of eminent professionals from the radio and media industry.

Music Broadcast Ltd operates 29 Radio Stations and 40 web radio stations through Planetradiocity.com in eight languages. It is present in 12 out of the top 15 cities in India by population with a reach to 50 million plus listeners.

Object of Issue

  • Redemption of listed NCDs
  • Early redemption of JPL NCDs and repayment/Pre payment of JPL ICDs;
  • General Corporate PurposeFinalization Basis of Allotment    :  14 Mar 2017

Credit of Shares to Dmat Account  :    16 Mar 2017

Listing Date                                         :     17 Mar 2017

Registar of Issue

Allotment Link for Music Broadcast Ltd  IPO Issue  Karvy Comptershare

IPO Broker Agent advisor for pune   Mobile:  77 1991 7444 


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