Music Broadcast allots 44 lakh shares to anchor investors for Rs 146.56 cr

Jagran Prakashan-promoted Music Broadcast, which operates radio stations under the brand Radio City, in consultation with ICICI Securities, the book running lead manager, has finalised allocation of 44,01,158 equity shares to anchor investors at Rs 333 per equity share aggregating to Rs 146.56 crore. 

The anchor investors include: 

HSBC Indian Equity Mother Fund (315,315 Equity Shares Accounting For 7.16%)

Nomura Funds Ireland Public Limited Company - Nomura Funds Ireland - India Equity Fund (315,315 Equity Shares - 7.16%)

Franklin India Smaller Companies Fund (315,315 Equity Shares - 7.16%)

Morgan Stanley Mauritius Company Limited (315,315 Equity Shares - 7.16%)

PICTET Country (Mauritius) Limited (315,315 - 7.16%)

DSP Blackrock Equity Savings Fund (173,070 Equity Shares - 3.93%)

DSP Blackrock MIP Fund (98,595 Equity Shares - 2.24%)

DSP Blackrock Technology.Com Fund (38,025 Equity Shares - 0.86%)

DSP Blackrock Dual Advantage Fund Series 39-36m (5,625 Equity Shares - 0.13%)

HDFC Trustee Company Limited - HDFC Prudence Fund (315,315 Equity Shares- 7.16%)

ICICI Prudential Midcap Fund (315,315 Equity Shares - 7.16%)

Reliance Capital Trustee Company Ltd. A/C Reliance Media & Entertainment Fund (157,635 Equity Shares - 3.58%)

Reliance Capital Trustee Co Ltd - A/C Reliance Small Cap Fund (157,680 Equity Shares - 3.58%)

HDFC Standard Life Insurance Company Ltd (315,315 Equity Shares - 7.16%)

SBI Life Insurance Company Limited (315,315 Equity Shares - 7.16%)

Birla Sun Life Insurance Company Limited (315,315 Equity Shares - 7.16%)

India Midcap (Mauritius) Ltd (315,315 Equity Shares - 7.16%)

Birla Sun Life Trustee Company Private Limited A/C Birla Sun Life Small and Midcap Fund (151,032 Equity Shares - 3.43%)

UTI – India Lifestyle Fund (151,031 Equity Shares - 3.43%) 

The company proposes to open on Monday, March 6, 2017, an initial public offer of equity shares of face value of Rs 10 each for cash at a premium consisting of a fresh issue of up to Rs 400 crore and an offer for sale up to 2,658,518 equity shares by the selling shareholders. The offer will close on Wednesday, March 8, 2017. The price band for the IPO is fixed from Rs 324 to Rs 333 per equity share. 

The equity shares offered through the Red Herring Prospectus dated February 22, 2017 are proposed to be listed on BSE and NSE.


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