Music Broadcast Ltd IPO


Subscription Details

  • Open Date 06 Mar
  • Close Date 08 Mar
  • Lot Size 45
  • IPO Size ₹ 488.53 Cr
  • IPO Price Range ₹ 333
  • Min Investment ₹ 14985

Music Broadcast Ltd IPO Timeline

Open Date
06 Mar
Close Date
08 Mar
Basis of Allotment
Credit to Demat Account
Listing Date

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Music Broadcast Ltd IPO

Contact Information


5th Floor RNA Corporate Park,
W E HighwayKalanagar Bandra(E),
Mumbai, Maharashtra 400051

Music Broadcast Ltd IPO Lead Manager

ICICI Securities Ltd
Open Demat Account