Sunshine Pictures is set to make a strong stock market debut on August 25. The company's Initial Public Offering (IPO) was a resounding success, with subscription numbers soaring over 100 times the shares available.
Investors are now keenly watching the listing day performance.
Sunshine Pictures Expected Listing Price
The Grey Market Premium (GMP) for Sunshine Pictures IPO was reported at Rs 50 on August 25. With the upper end of the IPO price band set at Rs 360 per share, the expected listing price is approximately Rs 410. This suggests a potential listing gain of 13.89% for investors.
It's important to remember that the GMP is an unofficial indicator and the actual listing price may vary.
Sunshine Pictures IPO Final Subscription Status
The IPO, which ran from August 18 to August 20, was oversubscribed a massive 105.81 times. The demand was robust across all investor categories:
- Qualified Institutional Buyers (QIB): 123.52 times
- Non-Institutional Investors (NII): 197.04 times
- Retail Investors: 56.60 times
The allotment of shares for the IPO was finalised on Aug. 21.
Sunshine Pictures IPO Listing Date
The shares of Sunshine Pictures will be listed on both the NSE and BSE. The tentative listing date is Tuesday, August 25.
Sunshine Pictures IPO Details
Here are the key details of the IPO:
- Total Issue Size: Rs 282.14 crore
- Fresh Issue: Rs 172.80 crore (48 lakh equity shares)
- Offer for Sale (OFS): Rs 109.34 crore (30 lakh shares)
- Price Band: Rs 342 to Rs 360 per share
- Lot Size: 41 shares
- Minimum Investment: Rs 14,760 (at the upper price band)
- Lead Manager: GYR Capital Advisors Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
Sunshine Pictures IPO: Use Of Proceeds
The company plans to use the net proceeds of Rs 172.80 crore from the fresh issue for its working capital requirements (Rs 112.50 crore) and other general corporate purposes.
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