Updates
Contact Details of Key Managerial Personnel (KMP's) pursuant to Regulation 30(5) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 201524-03-2017
24-03-2017
Music Broadcast shares gain 12% on debut
At Friday's closing price, Music Broadcast had a market capitalisation of Rs2,129 crore18-03-2017
Listing of equity shares of Music Broadcast Ltd
Trading Members of the Exchange are hereby informed that effective from March 17, 2017, the equity shares of Music Broadcast Ltd (Scrip Code: 540366) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities. For further details please refer to the notice no 20170316-34 dated March 16, 2017.17-03-2017
Music Broadcast IPO subscribed 39 times
The issue saw nearly 850,000 applications and generated demand worth Rs 13,600 cr08-03-2017
Two IPOs headed for markets this week, eye Rs 2,300 crore
Music Broadcast, a Jagran group entity, raised over Rs 146 crore from anchor investors on Friday05-03-2017
Music Broadcast IPO: All you need to know about Radio City's public issue
The FM radio business is thriving in India and Music Broadcast, which runs Radio City, is tapping the primary market with its IPO.04-03-2017
Music Broadcast IPO: Subscribe' call from Angel, IIFL
Angel Broking and IIFL Wealth have given thumbs up to the upcoming public offer of Music Broadcast, which operates the Radio City FM station.The company has fixed a price band of 324-333 a share...02-03-2017
Music Broadcast IPO: High margin, high growth business
The Initial Public Offer (IPO) of equity in Music Broadcast (MBL), owner of leading radio brand Radio City, will enable the company to improve its balance sheet and become leaner. Of the up to Rs 489 crore of issue proceeds, Rs 400 crore will flow into MBL, the rest being an Offer for Sale. The company will repay most of its Rs 300 crore debt through these funds, reducing its interest cost and improving the overall cash flow. The Radio City brand enjoys leadership position in most markets and MBL has a healthy operating profit (Ebitda or earnings before interest, taxes, depreciation and amortisation) margin of a little over 30 per cent. Its strategy of capturing the number one or two slot in bigger cities will enable it to continue garnering a high share of advertising revenue. While there is healthy visibility on its revenue growth and margins, the issue's pricing leaves little room for gain in the near term. Its only listed pure-play radio company, Entertainment Network or ENIL,...28-02-2017