Friday, March 10, 2017

Music Broadcast IPO got superb subscription overall

Market Analyst were positive about Radio City owner Music Broadcast IPO and they are right as per the subscription the company got. They are in the good position of IPO listing. Even though there is a good subscription expected in Avenue Supermarts IPO but still Radio City got superb response in each categories.

When we look at retail portion we can say its a good one for the company. Retail investors gave good subscription numbers which reached around 9.85 times while QIB and HNI not looked back. They subscribed 39.78 times in QIB while 109.14 times in HNI. It was a superb numbers for the Music Broadcast.

Read Also:
Radio City IPO Allotment Status
Grey Market Premium Update 

When we look at the company they are very much on a right track and they are the oldest one in this segment. The financial are very good and it will be better after this IPO. The things looks very much prominent. Music Broadcast IPO will list around 420 to 430 Rs. As the grey market premium is around Rs.70-85. All the investors will get good return for sure.

Music Broadcast IPO Subscription: (Fully Subscribed)

Day 1 0.00 0.03 0.98 0.50
Day 2 1.06 0.24 3.66 2.19
Day 3 39.78 109.14 9.85 39.67

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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