- Sunshine Pictures IPO opens for bidding on Tuesday to raise Rs 282.14 crore
- The issue includes 0.48 crore fresh shares and 0.30 crore shares for sale
- The price band is set between Rs 342 and Rs 360 per share
Sunshine Pictures IPO opens for bidding on Tuesday and was fully subscribed within an hour of the window opening. The issue was subscribed 1.21 times by 11:47 a.m, with retail investors dominating the bids.
The offering aims to raise Rs 282.14 crore and is a combination of fresh shares along with an offer for sale (OFS) segment.
The fresh issue comprises of 0.48 crore shares aggregating to Rs 172.80 crore and offer for sale of 0.30 crore shares aggregating to Rs 109.34 crore.
The minimum lot size for bidding will be 41 shares. The minimum amount of investment required by an individual investor (retail) is Rs 14,760, based on upper price band.
The price band for the offering is set at Rs 342 to Rs 360 per share. The IPO issue closes on Aug. 20, 2026. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Subscription Status: Day 1
The IPO has been subscribed 1.24 times on Tuesday.
Non-institutional investors: 1.43 times.
Retail investors: 1.86 times.
Portion reserved for employees: NA
Qualified Institutional Buyers: 0
Sunshine Pictures IPO GMP
The last Grey Market Premium for Sunshine Pictures IPO is Rs 75, as of 11:32 a.m. With the upper price band of Rs 360 Sunshine Pictures IPO's estimated listing price is Rs 435. The expected premium per share is 20.83%.
Note: GMP does not represent official data and is based on speculation.
About The Company
Sunshine Pictures is a production company engaged in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series.
The company, which was incorporated in 2007, is a technology-driven content creator specialising in innovative commercial films, covering script development, production, among other things.
The company has produced notable films like ‘Force', ‘Commando', ‘Holiday', ‘Force 2', ‘Commando 2', and ‘The Kerala Story', achieving commercial success and addressing social relevance.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
