2 weeks ago

Sunshine Pictures IPO 22% Subscribed, GMP Hints 21% Listing Pop

Sunshine Pictures IPO 22% Subscribed, GMP Hints 21% Listing Pop
Sunshine Pictures IPO Opens, Price Band Fixed At ₹342-₹360 · freepressjournal.in

Sunshine Pictures is a company that makes movies, TV shows and web content.

It decided to sell parts of itself to the public for the first time, which is called an IPO.

An IPO lets everyday people buy small pieces of the company, called shares.

The company started selling its shares on 18 August and will stop on 20 August.

Each share costs between ₹342 and ₹360, and you have to buy at least 41 shares.

On the first day, only 22 out of every 100 available shares were bought.

Some people guess the share price could jump to about ₹435 when trading begins.

But one expert warned that the company's cash situation is weak, even though it reported a profit.

So this IPO is risky and only for people who can handle big ups and downs.

Key facts

IPO price band
₹342–₹360 per share
Issue size
78.37 lakh shares (48 lakh fresh issue + 30.37 lakh OFS)
Day 1 subscription
22% (retail 33%, NII 27%, QIB pending)
Grey market premium
₹75, implying estimated listing price of ₹435
Anchor investment
₹84.64 crore from nine investors at ₹360 per share
Listing date
25 August on BSE and NSE; allotment expected 21 August
FY26 revenue / profit
₹74.43 crore / ₹40.02 crore
Book-running lead manager
GYR Capital Advisors Private Ltd

Sources

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