NEW DELHI: Radio City FM channel operator Music Broadcast Ltd and Avenue Supermarts that runs supermarket retail chain D-Mart will come out with their initial public offerings this week to raise about Rs 2,300 crore.
The bidding in the initial share sale offer of Music Broadcast will begin on March 6 and close on March 8 while Avenue Supermarts’ IPO will open for public subscription on March 8 and close on March 10.
The shares of the companies are proposed to be listed on BSE and NSE.
Music Broadcast’s initial public offer (IPO) comprises fresh issue of shares of up to Rs 400 crore and an offer for sale of up to 26.59 lakh scrips. It has fixed a price band of Rs 324-333 for its share offering.
Proceeds from the sale will…