Thursday, March 02, 2017

Music Broadcast IPO Price Band Fixed: Rs.324-333

Music Broadcast Ltd, operator of Radio City FM IPO to hit market on 6th March and ends on 8th March. Music Broadcast IPO price band fixed to Rs.324-333 which is fair as per market analyst. Music Broadcast IPO to raise Rs.400 crore from primary market.

The company fixed the price band to Rs.324-333. ICICI Securities is the lead manager for Music Broadcast IPO. Music Broadcast plans to raise fund from primary market to reduce debt and other corporate purpose.

Read Also:
Music Broadcast (Radio City) IPO Grey Market Premium
Current IPO Grey Market Premium Updates

Music Broadcast is promoted by Jagran Prakashan Ltd who are media group. They are well know in print media.

Music Broadcast IPO Dates & Price Band:
IPO Open: 6 March 2017
IPO Close: 8 March 2017
IPO Size: Approx Rs. 400 Crores
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 324 to 333 Per Share
Listing on: BSE & NSE

Music Broadcast IPO Market Lot:
Shares: Apply for 45 Shares (Minimum Lot Size)
Amount: Rs. 14985

Music Broadcast IPO Allotment & Listing:
Basis of Allotment: 14 March 2017
Refunds: 15 March 2017
Credit to demat accounts: 16 March 2017
Listing: 17 March 2017

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