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Music Broadcast Ltd IPO (MBL IPO) Details

Music Broadcast Ltd IPO (MBL IPO) Details:

Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. Its 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.

As of November 25, 2016, the company operated its radio stations in 29 cities in India. 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.

The company was incorporated in 1999 and is based in Mumbai, India. As of June 11, 2015, Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited.


The Offer comprises a Fresh Issue and an Offer for Sale.
Offer for Sale
Company will not receive any proceeds from the Offer for Sale.
The Fresh Issue
The objects for which Company intends to use the Net Proceeds are as follows:
  • Redemption of Listed NCDs;
  • Early redemption of the JPL NCDs and repayment/pre-payment of JPL ICDs;
  • General corporate purposes.

Music Broadcast Ltd IPO (MBL IPO) Details:

  1. Issue Open: March 06, 2017 – March 08, 2017
  2. Issue Type: 100% Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size:  * Equity Shares of Rs 10 aggregating up to Rs * Cr
  5. Issue Price: Rs 324 – Rs 333 Per Equity Share
  6. Market Lot: 45 Shares
  7. Minimum Order Quantity: 45 Shares
  8. Listing At: BSE, NSE

* To Be Updated


ICICI Securities Limited

ICICI Center, H.T. Parekh Marg,

Churchgate, Mumbai 400 020

Tel: (91 22) 2288 2460 Fax: (91 22) 2282 6580



Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32 Gachibowli,

Financial District Nanakramguda, Hyderabad 500 032

Tel: (91 40) 6716 2222 Fax: (91 40) 2343 1551


Music Broadcast Ltd IPO (MBL IPO) Draft Red Herring Prospectus (DRHP):

Music Broadcast Ltd IPO (MBL IPO) Prospectus

Day Wise Grey Market Premium of Music Broadcast Ltd IPO (MBL IPO):

Music Broadcast Ltd IPO Grey Market Premium (MBL GMP)

Other Useful Links:

Music Broadcast Ltd IPO Allotment and Listing Dates

Music Broadcast IPO Anchor Investors List

How To Apply For Music Broadcast Ltd (MBL) IPO

Music Broadcast IPO Anchor Investors List

Music Broadcast IPO Final Day Subscription Figures Analysis

How To Check Music Broadcast Ltd IPO Allotment Status

How To Check Music Broadcast IPO Application Status

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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.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

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  1. Hello Bro

    Thanks for info.

  2. Thanks for info.

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