QIB: 0.75x
HNI: 0.49x
Retail: 4.35x
Overall: 2.49 times

CL Educate Ltd Subscription status Day 1  QIB: 1.04x
HNI : 0.00x
Retail : 0.14x
Overall : 0.37 times

Avenue Supermarts IPO (D-Mart IPO) likely Basis of Allotment for Retail Investors is likely to be allotment to 100 applicants out of every 425 applicants

The allotment status of Avenue Supermarts IPO is likely to be announced shortly

Stay tuned to Indian IPO Blog for more on Avenue Supermarts IPO (D-Mart IPO)

Music Broadcast IPO Allotment Ratio for Retail Investors category is likely to be around 47:361

This means that roughly 47 applicants would get allotment of minimum bid lot shares out of every 361 applicants

Stay tuned to Indian IPO Blog for more on latest updates. You may also join our Whatsapp Group by clicking here (Free for early bird members) to get real time updates and discuss on latest IPOs

CL Educate IPO – Schedule (Tentative)

17th March – Anchor Investors
20th March – Offer Opens
22nd March – Offer Closes
29th March – Finalisation of Basis of Allotment
29th March – Unblocking of ASBA
30th March – Credit to Demat Accounts
31st March – Listing on NSE & BSE

Issue Open: Mar 20, 2017 - Mar 22, 2017 
Issue Size: 4,760,000 Equity Shares of Rs 10 
Face Value: Rs 10 Per Equity Share 
Price Band: Rs. 500 - Rs. 502 Per Equity Share 
Market Lot: 29 Shares 
Listing At: BSE, NSE

IFL IPO -    Objects of the Issue:

The object of the issue are:

1. Repayment of Unsecured Loans from NBFC;
2. General Corporate Purposes;
3. Issue Expenses

The IPO price band for Music Broadcast IPO is decided at Rs. 324 to Rs. 333 per equity share. Correspondingly the bid lot would be 45 equity shares and in multiples thereof

Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016

The object of the issue are to:

1. Redemption of Listed NCDs; 
2. Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
3. General corporate purposes

The IPO of Music Broadcast Limited, the company that operates the FM channel Radio City 91.1 FM has opened for subscription from today

The IPO price band is decided at Rs. 324 to Rs. 333 per equity share. Correspondingly the bid lot would be 45 equity shares and in multiples thereof. The IPO would be open for subscription till Mar 8, 2017

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.

Music Broadcast IPO Tentative Details

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million Equity Shares outstanding after the Issue = 57,054,779 Equity Shares

Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.

The IPO of Avenue Supermarts, which operates a retail chain under the D-Mart brand, is set to open on March 8, 2017

The issue is likely to be priced in the range Rs 290-299, said a banker to the issue. 

The company plans to sell shares worth Rs 1,800 crore in the IPO. This would be the second IPO of the year. In January, BSE raised about Rs 1240 crore. The IPO was subscribed 51 times 

D-Mart own chain of around 120 retail stores across 45 cities, most of them in Maharashtra and Karnataka. 

As of March 31, 2016, Avenue Supermarts posted a revenue of about Rs 8,600 crore, and a net profit of about Rs 320 crore. 

In the past four years, Avenue Supermarts grew revenue by 40% and net profit by 52% annually

Music Broadcast IPO – Schedule (Tentative)

03rd March 2017 – Anchor Investors
06th March 2017 – Offer Opens
08th March 2017 – Offer Closes
14th March 2017 - Finalisation of Basis of Allotment
15th March 2017 - Unblocking of ASBA
16th March 2017 - Credit to Demat Accounts
17th March 2017 – Listing on NSE & BSE