Music Broadcast Ltd IPO

IPO Synopsis

Initial public offer of 14,670,530 equity shares of face value Rs. 10 each (The Equity Shares) of Music Broadcast Limited (The Company or The Company or The Issuer) for cash at a price of Rs. 333 per equity share aggregating up to Rs. 488.53 crores (The Offer) consisting of a fresh issue of up to 12,012,012 equity shares at a price of Rs. 333 per equity share (including a share premium of Rs. 323 per equity share) by the company aggregating up to Rs. 400.00 crores (The Fresh Issue) and an offer for sale of upto 2,658,518 equity shares by the selling shareholders aggregating up to Rs. 88.53 crores (the offer for sale). The offer would constitute 25.71% of the post-offer paid-up equity share capital of the company. Offer price: Rs.333 per equity share of face value of Rs.10 each. The Offer Price is 33.30 times the face value.

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