Music Broadcast IPO GMP History
Music Broadcast IPO has been listed on March 17, 2017 at a listing price of ₹413, against the issue price of ₹333 — a gain of ₹80 (+24.02%). The GMP peaked at ₹112.5 on 17 March 2017 and reached a low of ₹62.5 on 6 March 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Music Broadcast IPO raised ₹488.53 Cr. through its IPO at a price band of ₹324 to ₹333 per share, with a lot size of 45 shares. The IPO was open for subscription from 06 Mar 2017 to 08 Mar 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 17 Mar 2017 | ₹ 112.5 | ▲ | 34% | — | — |
| 16 Mar 2017 | ₹ 97.5 | ▲ | 29% | — | — |
| 15 Mar 2017 | ₹ 87.5 | ▼ | 26% | — | — |
| 14 Mar 2017 | ₹ 96.5 | ▲ | 29% | — | — |
| 12 Mar 2017 | ₹ 92.5 | — | 28% | — | — |
| 11 Mar 2017 | ₹ 92.5 | ▲ | 28% | — | — |
| 10 Mar 2017 | ₹ 91 | ▲ | 27% | — | — |
| 09 Mar 2017 | ₹ 77.5 | ▲ | 23% | — | — |
| 08 Mar 2017 | ₹ 67.5 | — | 20% | — | — |
| 07 Mar 2017 | ₹ 67.5 | ▲ | 20% | — | — |
| 06 Mar 2017 | ₹ 62.5 | ▼ | 19% | — | — |
| 04 Mar 2017 | ₹ 67.5 | — | 20% | — | — |
| 03 Mar 2017 | ₹ 67.5 | ▲ | 20% | — | — |
| 02 Mar 2017 | ₹ 62.5 | — | 19% | — | — |
| 01 Mar 2017 | ₹ 62.5 | ▼ | 19% | — | — |
| 28 Feb 2017 | ₹ 72.5 | ▼ | 22% | — | — |
| 27 Feb 2017 | ₹ 77.5 | ▲ | 23% | — | — |
| 25 Feb 2017 | ₹ 72.5 | — | 22% | — | — |
Music Broadcast IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 06 Mar 2017
- Close 08 Mar 2017
- Allotment 14 Mar 2017
- Refund/credit 15 Mar 2017
- Listing 17 Mar 2017
Music Broadcast IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹333 |
|---|---|
| GMP-based estimate (pre-listing) | ₹445 (+33.6%) |
| Listing gain / loss | +₹80 per share |
| Listing date | 17 Mar, 2017 |
| Actual listing price | ₹413 (+24.02%) |
Is Music Broadcast IPO GMP reliable?
Grey market premium for Music Broadcast IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Music Broadcast IPO full review for a fundamentals-based assessment before making any grey market trades.
Music Broadcast IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Music Broadcast IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Music Broadcast IPO
Music Broadcast Limited operates under the Radio City brand and was the first private FM radio broadcaster in India. Its promoter is Jagran Prakashan.
It operated radio stations in 29 cities as of 25 November 2016, including 12 of the 15 largest cities in India by population.
Its stations play film, non film and devotional music along with other content.
The IPO was Rs 488.53 crore, with Rs 400.00 crore of fresh issue and Rs 88.53 crore of offer for sale, at Rs 333, the top of the Rs 324 to Rs 333 band. The fresh money was for redeeming NCDs and repaying loans from its parent.
Frequently asked
What is the GMP of Music Broadcast IPO?
The current Grey Market Premium (GMP) of Music Broadcast IPO is ₹ 112.5.
What is the Kostak Price of Music Broadcast IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Music Broadcast IPO is not available.
What is the Subject to Sauda Price of Music Broadcast IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Music Broadcast IPO?
Music Broadcast IPO listed on March 17, 2017 at ₹413, against the issue price of ₹333 — a gain of +24.02%.
How did the GMP of Music Broadcast IPO trend before listing?
The GMP of Music Broadcast IPO was rising in its final days before listing. The GMP peaked at ₹112.5 on 17 March 2017. View the day-wise table above for the complete GMP history.
Explore Music Broadcast IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
