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Music Broadcast IPO oversubscribed on second day

Music Broadcast IPO oversubscribed on second day

Tuesday, March 7, 2017, 3:01 PM

The initial public offering (IPO) of Music Broadcast Ltd, which owns and operates Radio City FM station, was oversubscribed till afternoon trade on the second day of the offer on Tuesday. The IPO received bids for 1,05,34,230 shares as against the total issue size of 1,04,80,784, an oversubscription of 1.01 times, data available with NSE till 1230 hours showed.
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