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Radio City IPO is a book built issue of Rs 488.53 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.27 crore shares.
Radio City IPO bidding started from March 6, 2017 and ended on March 8, 2017. The allotment for Radio City IPO was finalized on Tuesday, March 14, 2017. The shares got listed on BSE, NSE on March 17, 2017.
Radio City IPO price band is set at ₹324 to ₹333 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,985.
ICICI Securities Limited is the book running lead manager of the Radio City IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Radio City IPO RHP for detailed information.
| IPO Date | March 6, 2017 to March 8, 2017 |
| Listing Date | March 17, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹324 to ₹333 per share |
| Lot Size | 45 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹488.53 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 2,658,518 shares of ₹10 (aggregating up to ₹88.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Radio City IPO offers 10,480,784 shares. 2,978,685 (28.42%) to QIB, 2,250,630 (21.47%) to NII, 5,251,469 (50.11%) to RII. 116,699 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,978,685 (28.42%) | NA |
| NII (HNI) Shares Offered | 2,250,630 (21.47%) | |
| Retail Shares Offered | 5,251,469 (50.11%) | 116,699 |
| Total Shares Offered | 10,480,784 (100%) |
Radio City IPO opens on March 6, 2017, and closes on March 8, 2017.
| IPO Open Date | Monday, March 6, 2017 |
| IPO Close Date | Wednesday, March 8, 2017 |
| Basis of Allotment | Tuesday, March 14, 2017 |
| Initiation of Refunds | Wednesday, March 15, 2017 |
| Credit of Shares to Demat | Thursday, March 16, 2017 |
| Listing Date | Friday, March 17, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 8, 2017 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,985 |
| Retail (Max) | 13 | 585 | ₹194,805 |
| Lot Size Calculator | |||
Incorporated in 1999, Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016. They are present in 12 out of the top 15 cities in India by population.
Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. 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. 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.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 5,278.26 | 4,852.88 | 3,977.26 | 1,699.64 | 1,707.77 | 1,808.30 |
| Total Revenue | 1,382.13 | 2,455.06 | 2,075.06 | 1,572.71 | 1,405.06 | 1,248.04 |
| Profit After Tax (PAT) | 297.56 | 425.07 | 470.59 | 243.25 | 116.19 | (21.70) |
The object of the issue are to:
1. Redemption of Listed NCDs;
2. Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
3. General corporate purposes.
[Dilip Davda] Radio FM sector is set for a fast forward mode and this company with its niche play and presence in many cities set to benefit with more liberal new policy. Investors may consider investment for short to long term rewards. Read detail review...
The Radio City IPO is subscribed 39.67 times on March 8, 2017 11:00:00 PM. The public issue subscribed 9.85 times in the retail category, 39.78 times in the QIB category, and 109.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 39.78 |
| NII | 109.13 |
| Retail | 9.85 |
| Total | 39.67 |
| Listing Date | March 17, 2017 |
| BSE Script Code | 540366 |
| NSE Symbol | RADIOCITY |
| ISIN | INE919I01016 |
| Final Issue Price | ₹333 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹333.00 |
| ₹420.00 |
| ₹368.00 |
| ₹420.00 |
| ₹373.15 |
| NSE |
|---|
| ₹333.00 |
| ₹413.00 |
| ₹367.20 |
| ₹415.00 |
| ₹372.90 |
Music Broadcast Ltd
5 th Floor, RNA Corporate Park,
Off Western Express Highway,
Kalanagar, Bandra (East) Mumbai 400 051
Phone: (91 22) 6696 9100
Email: investor@myradiocity.com
Website: http://www.planetradiocity.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Radio City IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹488.53 Crores. The issue is priced at ₹324 to ₹333 per share. The minimum order quantity is 45 Shares.
The IPO opens on March 6, 2017, and closes on March 8, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Radio City IPO opens on March 6, 2017 and closes on March 8, 2017.
Radio City IPO lot size is 45 Shares, and the minimum amount required is ₹14,985.
You can apply in Radio City IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Radio City IPO will be done on Tuesday, March 14, 2017, and the allotted shares will be credited to your demat account by Thursday, March 16, 2017. Check the Radio City IPO allotment status.
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RHP
Top Contributor (200+ Posts, 100+ Likes)
IPO Guru (2500+ Posts, 2700+ Likes)
So bought it on first day.
Unlucky again, as it is still more than 10% down from my buying price.