New Delhi, March 7:
The initial public offering of Music Broadcast Ltd, a Jagran group firm that runs Radio City FM channel, was oversubscribed on the second day of the offer today.
The IPO received bids for 1,05,34,230 shares against the total issue size of 1,04,80,784, an oversubscription of 1.01 times, data available with the NSE till 12.30 pm showed.
Music Broadcast Ltd had last week raised over Rs. 146 crore by allotting shares to anchor investors.
The IPO comprises fresh issue of shares up to Rs. 400 crore and an offer for…