How To Apply For Music Broadcast Ltd (MBL) IPO:
As Music Broadcast Ltd (MBL) IPO bidding has started today that is March 06, 2017, we are getting lot of queries on how to apply for Music Broadcast Ltd (MBL) IPO. So we thought to help people who are new in this IPO world to make it easy for them to apply for Music Broadcast Ltd (MBL) IPO.
As per latest change from SEBI now retail investors can apply through Applications Supported by Blocked Amount (ASBA) only.
ASBA is a supplementary process for applying in public issues. ASBA facility can be used for Initial and Follow-on Public Offers (IPO and FPO), Rights Issues, and Debt Issues. Under ASBA, funds will continue to earn interest during the application processing period, if held in an interest bearing account.
Bank will mark a lien on the deposit account of the investor to the extent of the application money. The lien will be removed immediately after finalization of the basis of allotment. If bid is successful, the deposit account will be debited and the alloted shares will be transferred to the applicant’s Demat account.
So We have listed some of the bank which have major chunk of accounts as below which can guide you on how to apply ASBA in online mode and offline mode and with its help you can very well find out the answer on How To Apply For Music Broadcast Ltd (MBL) IPO:
For Banks which are not listed above and you have account in just try to find Dmat & ASBA options in your online bank account and rest you can use any of the guide above on applying for any of the IPO.
Music Broadcast Ltd (MBL) IPO bidding is active from today and will end on March 08, 2017. The price band fixed for the IPO are Rs. 324 – Rs. 333 Per Equity Share.
For More information about Music Broadcast Ltd (MBL) IPO Pricing, size and other updates you can visit the below link:
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BSE IPO (Bombay Stock Exchange IPO) also lists with some good premium making its investors happy once again. Hope you all enjoyed it.
Now Music Broadcast Ltd IPO (MBL IPO) is going to hit market from March 06, 2017 – March 08, 2017. Next in pipeline is Avenue Supermarts Ltd IPO (DMart IPO) which is expected to hit market from March 08, 2017 – March 10, 2017.
Latest Grey Market Premium (GMP) of Avenue Supermarts Ltd IPO (DMart IPO) is between Rs 221 to Rs 224 per equity share. While Grey Market Premium (GMP) of Music Broadcast Ltd (MBL) is trading between Rs 52 – Rs 54 per equity share.
After Avenue Supermarts IPO, next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO) and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).
Some SME IPO will also be active in market in coming week.
Keep watching this blog to keep yourself updated with all the news.
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