MUSIC BROADCAST LIMITED IPO
MUSIC BROADCAST LIMITED was a mainboard IPO, offered at ₹47.13–₹48.44 per share to raise ₹89 crore. The issue was subscribed 39.67× overall (QIBs 39.78×, NIIs 109.13×, retail 9.85×). It listed on 17 Mar 2017 and closed its first day at ₹54, a listing gain of +12.0% versus the ₹48.44 issue price. It now trades around ₹5 (-89.1% versus the issue price).
Frequently asked questions
- How many times was the MUSIC BROADCAST LIMITED IPO subscribed?
- The MUSIC BROADCAST LIMITED IPO was subscribed 39.67× overall — 39.78× in the QIB category, 109.13× among non-institutional investors, 9.85× in retail.
- What were the MUSIC BROADCAST LIMITED IPO listing gains?
- MUSIC BROADCAST LIMITED listed on 17 Mar 2017, closing its first day at ₹54 — a listing gain of +12.0% versus the ₹48.44 issue price.
- What were the retail allotment odds for the MUSIC BROADCAST LIMITED IPO?
- Retail was subscribed 9.85×, so a single-lot application had roughly a 10.2% chance of allotment (about 1 in 10), and allotment was finalised on 13 Mar 2017.
- What was the price band and lot size of the MUSIC BROADCAST LIMITED IPO?
- The price band was ₹47.13–₹48.44 per share, with a minimum lot of 45 shares (₹2,180 at the upper band).
- Who were the registrar and lead manager for the MUSIC BROADCAST LIMITED IPO?
- Karvy Computershare Private Limited was the registrar to the issue.