Company Profile
Radio City is the first private FM radio broadcaster in India. The Company operates radio stations under the brand “Radio City”. It has grown its presence from four cities in 2001 to 37 cities as on February 15, 2017. These radio stations include the eight “Radio Mantra Stations” transferred from SPML pursuant to the Scheme of Arrangement and nine out of eleven New Radio City Stations.
Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. Radio stations deliver film, non-film, devotional, regional, and international music, as well as radio jockey (RJ) hosted shows in Hindi, Tamil, Kannada, Malayalam, and Telugu languages. It also operates 31 Web radio stations that offer Internet radio with live RJ hosted shows through Planet Radio City in 6 languages with a listenership of 12.20 million. In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal', and 'Radio City Smaran' in various languages on mobile and other smart devices.
Competetive Strengths:
- Strong brand recognition with a track record of innovation
- State-of-the-art infrastructure and technology
Object of the Issue
The objects of the issue are:
- Redemption of Listed NCDs;
- Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
- General corporate purposes.
Promoters of the Company
The Promoter of the Company is JPL (Jagran Prakasha Ltd)
Offer Period
Monday, 6 Mar 2017 - Wednesday, 8 Mar 2017
Price Band
Rs. 324 - Rs. 333 Per Equity Share
Face Value
Rs 10/- per equity share
Bid Lot
45 Equity Shares and in multiples thereof
Issue Size
Rs. 486.13 Crs at Lower Band
Rs. 488.52 Crs at Upper Band
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)