Music Broadcast’s, who runs Radio City FM channel launched IPO which was oversubscribed and get around 40 times subscription. The total issue size was 1,04,80,784 shares while they receive bids against offer was for 41,34,94,155 shares(It’s as per NSE data).
As per the sources, the qualified institutional buyers (QIBs) portion was oversubscribed 39.78 times, while non institutional investors 109.14 times and retail investors 9.19 times.
This is the first radio channel’s IPO in 11 years which gets that much attracting response, subscription was over rs.13,600 crore and got applications around 8.5 lakhs.
Number of Times Subscribed (BSE + NSE)
|As per Date||QIB||NII||Retail||Total|
|Total Subscription (times)||39.7800||109.1300||9.8500||39.6700|
So as far as retail subscription is concerned, expect partial allotment. For more details on Allotment status and when you can start trading, visit allotment status of Radio city.