IPO, UP polls brighten Jagran outlook

Value unlocking from the share offering is a positive

There are a number of triggers for Jagran Prakashan. Its Radio City, under its subsidiary Music Broadcast, has launched an initial public offering (IPO) of shares which will lead to value unlocking for the parent. The IPO will also enable the radio company to become leaner as most of its debt worth Rs 300 crore will be paid off from the issue proceeds. This company has been growing at a healthy clip and given the new radio stations lined up, the growth trajectory is likely to be strong. 

Jagran's stake in Music Broadcast is likely to come down to 74