Music Broadcast IPO Subscription Details

Bookbuilding IPO | ₹489 Cr | Listed at BSE, NSE | Mon, Mar 6, 2017 - Wed, Mar 8, 2017

Basis of Allotment - Music Broadcast IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)29,34,10644,01,15873,35,26422,00,58051,34,6861,46,70,530
Allotment price (Rs.)333333333333333333
No.of applications7015856218,76,4088,77,114
No.of shares applied11,86,17,57044,01,15812,30,18,72824,00,48,7204,93,15,45541,23,82,903
Amount collected (Rs.cr.)3,949.97 146.56 4,096.52 7,993.62 1,642.20 13,732.35
No.of times subscribed40.431.0016.77109.089.6028.11
No.of shares allotted29,34,10644,01,15873,35,26422,00,58051,34,6861,46,70,530
Amount (Rs.cr.)97.71 146.56 244.26 73.28 170.99 488.53
No.of allottees7015854091,14,1041,14,598

IPO Shares Offered

Music Broadcast IPO is a public issue of 1.47 Cr equity shares. The issue offers 0.51 Cr shares to retail investors, 0.73 Cr shares to qualified institutional buyers, and 0.22 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 73,35,264244.26 50.00%
    Anchor 44,01,158 146.56 30.00%
    QIB (Ex Anchor) 29,34,106 97.71 20.00%
NII 22,00,58073.28 15.00%
Retail51,34,686170.99 35.00%
Total1,46,70,530488.53 100%

Music Broadcast IPO Anchor Investor Allocation

A total of 44,01,158 shares at a price of Rs 333 per share will be allotted to the anchor investors.

Anchor investors bid opening dateMar 03, 2017
Anchor investor price₹333.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days22,00,579
No. of shares locked-in for 90 days22,00,579
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 HSBC INDIAN EQUITY MOTHER FUND HSBC 3,15,315 10.50 7.16 2.15
2 NOMURA FUNDS IRELAND PLC-NOMURA FUNDS IRELAND-INDIA EQUITY FUND NOMURA 3,15,315 10.50 7.16 2.15
3 FRANKLIN INDIA SMALLER COMPANIES FUND FRANKLIN TEMPLETON MUTUAL FUND 3,15,315 10.50 7.16 2.15
4 MORGAN STANLEY MAURITIUS CO.LTD. MORGAN STANLEY 3,15,315 10.50 7.16 2.15
5 PICTET COUNTRY (MAURITIUS) LTD. PICTET 3,15,315 10.50 7.16 2.15
6 DSP EQUITY SAVINGS FUND DSP MUTUAL FUND 1,73,070 5.76 3.93 1.18
7 DSP REGULAR SAVINGS FUND DSP MUTUAL FUND 98,595 3.28 2.24 0.67
8 DSP LARGE & MID CAP FUND DSP MUTUAL FUND 38,025 1.27 0.86 0.26
9 DSP DUAL ADVANTAGE FUND-SERIES 39 DSP MUTUAL FUND 5,625 0.19 0.13 0.04
10 HDFC BALANCED ADVANTAGE FUND HDFC MUTUAL FUND 3,15,315 10.50 7.16 2.15
11 ICICI PRUDENTIAL MIDCAP FUND ICICI PRUDENTIAL MUTUAL FUND 3,15,315 10.50 7.16 2.15
12 NIPPON INDIA CONSUMPTION FUND NIPPON INDIA MUTUAL FUND 1,57,635 5.25 3.58 1.07
13 NIPPON INDIA SMALL CAP FUND NIPPON INDIA MUTUAL FUND 1,57,680 5.25 3.58 1.07
14 HDFC STANDARD LIFE INSURANCE CO.LTD. HDFC STANDARD LIFE INSURANCE 3,15,315 10.50 7.16 2.15
15 SBI LIFE INSURANCE CO.LTD. SBI LIFE INSURANCE 3,15,315 10.50 7.16 2.15
16 ADITYA BIRLA SUN LIFE INSURANCE CO.LTD. ADITYA BIRLA SUN LIFE INSURANCE 3,15,315 10.50 7.16 2.15
17 INDIA MIDCAP (MAURITIUS) LTD. INDIA MIDCAP (MAURITIUS) LTD. 3,15,315 10.50 7.16 2.15
18 ADITYA BIRLA SUN LIFE SMALL CAP FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 1,51,032 5.03 3.43 1.03
19 UTI INDIA CONSUMER FUND UTI MUTUAL FUND 1,51,031 5.03 3.43 1.03
44,01,158146.5610030.00

IPO Subscription FAQs

The Music Broadcast IPO is subscribed 39.67 times by Mar 08, 2017 23:00.

Music Broadcast IPO Subscription

Investor Category Subscription (times)
Qualified Institutional39.78
Non Institutional109.13
Retail Individual9.85
Total Subscription39.67

Retail category of Music Broadcast IPO subscribed 9.85 times as of date Mar 08, 2017 23:00. The public issue closes on Wed, Mar 8, 2017 for bidding.

An investor can apply in Music Broadcast IPO online via bank (using ASBA) or the broker (using UPI). The Music Broadcast IPO shares are offered online only.

The Music Broadcast IPO is subscribed 39.67 times by Mar 08, 2017 23:00.

The Music Broadcast IPO allotment status is expected on or around Tuesday, March 14, 2017. Visit Music Broadcast IPO allotment status to check.

The Music Broadcast IPO listing date is March 17, 2017. The equity share of Music Broadcast IPO will list on BSE, NSE.

Visit Music Broadcast IPO subscription status page for real-time bidding information about Music Broadcast IPO.

Music Broadcast IPO Timetable

IPO opens OnMonday, March 6, 2017
IPO Closes OnWednesday, March 8, 2017
Finalisation of Basis of AllotmentTuesday, March 14, 2017
Initiation of RefundsWednesday, March 15, 2017
Credit of Shares to Demat AccountThursday, March 16, 2017
IPO Listing DateFriday, March 17, 2017
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