1 week ago
Sunshine Pictures IPO Subscribed 105.81 Times on Final Day
Sunshine Pictures asked investors to buy shares in its first public offering.
The offering was worth ₹282 crore.
Many more investors wanted shares than the company offered.
Overall, the IPO was subscribed 105.81 times.
Non-institutional investors showed the strongest demand, subscribing 197.04 times.
Qualified institutional buyers subscribed 123.52 times, while retail investors subscribed 56.60 times.
The company plans to use up to ₹112.50 crore for long-term working capital.
Its shares are expected to begin trading on the BSE and NSE on August 25.
Sunshine Pictures’ ₹282-crore IPO was subscribed 105.81 times on the final bidding day.
Investors bid for 58,04,90,382 shares against 54,86,051 shares offered.
The non-institutional investor portion was subscribed 197.04 times, while QIBs subscribed 123.52 times.
The retail investor quota was subscribed 56.60 times; the price band was set at ₹342–360 per share.
Shares are proposed to list on the BSE and NSE on August 25, with up to ₹112.50 crore earmarked for working capital.
- Who
- Sunshine Pictures Ltd, promoted by film and television producer-director Vipul Shah, and participating investors.
- What
- Sunshine Pictures’ ₹282-crore initial public offering was subscribed 105.81 times on the final day of bidding.
- Where
- The shares are proposed to be listed on the BSE and NSE in India.
- When
- The final bidding day was Thursday, August 20; listing is proposed for August 25.
- Why
- The company is raising funds, including up to ₹112.50 crore for long-term working capital and the remainder for general corporate purposes.
Key facts
- Issue size
- ₹282 crore
- Overall subscription
- 105.81 times
- Price band
- ₹342–360 per share
- Shares offered
- 54,86,051 shares
- Non-institutional subscription
- 197.04 times
- QIB subscription
- 123.52 times
- Proposed listing
- August 25 on the BSE and NSE
- Working-capital allocation
- Up to ₹112.50 crore
Sources
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