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.
Radio City IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹324 to ₹333 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540366 |
| NSE Symbol | RADIOCITY |
| ISIN | INE919I01016 |
| Issue Size | Aggregating up to ₹488.53 Cr |
| Fresh Issue | Aggregating up to ₹400.00 Cr |
| Offer for Sale | Aggregating up to ₹88.53 Cr |
Radio City IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 6-Mar-17 |
| IPO Close Date | 8-Mar-17 |
| Basis of Allotment Date | 14-Mar-17 |
| IPO Listing Date | 17-Mar-17 |
Radio City IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 45 | ₹14,985 |
| Maximum | 13 | 585 | ₹194,805 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Music Broadcast Ltd
Company Promoters:
The Promoter of the Company is JPL (Jagran Prakasha Ltd)
Company Financials:
| PARTICULAR | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
| Total Assets | 5,278.26 | 4,852.88 | 3,977.26 | 1,699.64 | 1,707.77 | 1,808.30 |
| Total Revenue | 1,382.13 | 2,455.06 | 2,075.06 | 1,572.71 | 1,405.06 | 1,248.04 |
| Profit After Tax (PAT) | 297.56 | 425.07 | 470.59 | 243.25 | 116.19 | -21.7 |
Objects of the Issue:
The object of the issue are to:
- Redemption of Listed NCDs;
- Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
- General corporate purposes.
Registrar & Company details
| Company Contact Information | Radio City IPO Registrar |
| Music Broadcast Ltd 5 th Floor, RNA Corporate Park, Off Western Express Highway, Kalanagar, Bandra (East) Mumbai 400 051 Phone: (91 22) 6696 9100 Email: investor@myradiocity.com Website: http://www.planetradiocity.com | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@karvy.com Website: https://karisma.kfintech.com/ |
