3 weeks ago
Sunshine Pictures' ₹282 crore IPO opens August 18 at ₹342-₹360
Sunshine Pictures is a company that makes movies, TV shows and web series in India.
Some of its well-known movies are Force, Commando and The Kerala Story.
The company wants to raise money by selling small pieces of itself, called shares, to people.
This kind of sale is called an IPO.
Sunshine Pictures has decided that each share will cost between ₹342 and ₹360.
People can buy these shares starting on August 18, and the sale ends on August 20.
The company hopes to collect about ₹282 crore from this sale.
After the sale, the shares will be traded on stock exchanges called BSE and NSE starting August 25.
Some of the money raised will be used to pay for the company's everyday business costs.
Buying a share is a little like becoming a tiny owner of the company.
Sunshine Pictures' ₹282 crore IPO opens for subscription on August 18 and closes on August 20, with anchor investor bidding on August 17.
The price band is fixed at ₹342-₹360 per equity share, with a face value of ₹10 per share.
The issue comprises a fresh issue of up to 48,00,034 shares and an offer for sale of up to 30,37,157 shares, totalling 78.37 lakh shares.
Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will offload 20.31 lakh and 10.06 lakh shares respectively through the offer for sale.
The basis of allotment is expected to be finalised on August 21, and shares are expected to list on BSE and NSE on August 25.
- Who
- Sunshine Pictures Limited, a film and content production company promoted by Vipul Amrutlal Shah and Shefali Vipul Shah; GYR Capital Advisors is the Book Running Lead Manager and Bigshare Services is the registrar.
- What
- A ₹282 crore initial public offering with a price band of ₹342-₹360 per share, comprising a fresh issue of up to 48,00,034 shares and an offer for sale of up to 30,37,157 shares.
- Where
- India; shares are expected to be listed on the BSE and NSE.
- When
- IPO opens on August 18 and closes on August 20; anchor bidding on August 17; allotment expected on August 21; listing expected on August 25.
- Why
- To raise capital for the company, including up to ₹112.50 crore for long-term working capital requirements and general corporate purposes, and to create a public market for its shares.
Key facts
- Total Issue Size
- ₹282 crore
- Price Band
- ₹342-₹360 per share (face value ₹10)
- Issue Composition
- Fresh issue of up to 48,00,034 shares; offer for sale of up to 30,37,157 shares
- Subscription Dates
- August 18-20; anchor bidding on August 17
- Allotment and Listing
- Allotment expected August 21; listing on BSE and NSE expected August 25
- Reservation
- 50% Qualified Institutional Buyers, 15% Non-Institutional Investors, 35% Retail
- Minimum Retail Investment
- ₹14,022 (lower band) to ₹14,760 (upper band)
- Implied Market Capitalisation
- ₹1,065 crore to ₹1,121 crore
Sources
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