Music Broadcast rises over 25% on IPO debut

The company raised Rs 400 crore from the primary markets and its IPO was oversubscribed nearly 40 times. 

Music Broadcast rises over 25% on IPO debut

Shares of Music Broadcast were trading at Rs 412 per share on BSE Sensex during morning trade on Friday gaining over 25% form its IPO price of Rs 333 per share. 

The company raised Rs 400 crore from the primary markets and its IPO was oversubscribed nearly 40 times. 

At 1014 hours, Music Broadcast shares were trading at Rs 378.40 per piece on BSE.
 

Written By: ZeeBiz WebTeam
Updated: Fri, Mar 17, 2017
10:44 AM IST
Mumbai, ZeeBiz WebDesk

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