Music Broadcast Ltd, operator of Radio City FM IPO to hit market on 6th March and ends on 8th March. Music Broadcast IPO price band fixed to Rs.324-333 which is fair as per market analyst. Music Broadcast IPO to raise Rs.400 crore from primary market.
The company fixed the price band to Rs.324-333. ICICI Securities is the lead manager for Music Broadcast IPO. Music Broadcast plans to raise fund from primary market to reduce debt and other corporate purpose.
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Music Broadcast is promoted by Jagran Prakashan Ltd who are media group. They are well know in print media.
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
