1 week ago
Sunshine Pictures Debuts At 9.4% Premium After IPO
Sunshine Pictures is a company that makes films, television shows, and web series.
It is known for producing movies including ‘The Kerala Story’.
The company sold shares to the public through an IPO.
Its shares first traded on the BSE at Rs 394 each.
This was higher than the IPO price of Rs 360.
The debut price represented a 9.44% premium.
Sunshine Pictures raised Rs 282.14 crore through the share sale.
Small investors had to buy at least 41 shares.
That minimum investment cost Rs 14,760 at the IPO price.
Sunshine Pictures debuted at Rs 394 on the BSE, a 9.44% premium over its Rs 360 issue price.
The company raised Rs 282.14 crore through fresh shares and an offer for sale.
The IPO received subscriptions from August 18 to August 20, with allotment finalised on August 21.
Each retail lot contained 41 shares, requiring a minimum investment of Rs 14,760 at the issue price.
The producer of ‘The Kerala Story’ creates, produces, markets, and distributes films, television serials, and web series.
- Who
- Sunshine Pictures, the producer of ‘The Kerala Story’.
- What
- The company’s shares began trading at Rs 394, 9.44% above the Rs 360 IPO issue price.
- Where
- The shares debuted on the BSE.
- When
- The IPO was open from August 18 to August 20, and allotment was finalised on August 21; the listing occurred afterward.
- Why
- Sunshine Pictures raised capital through an IPO comprising fresh shares and an offer for sale.
Key facts
- Listing price
- Rs 394 per share
- IPO issue price
- Rs 360 per share
- Listing premium
- 9.44%
- Total funds raised
- Rs 282.14 crore
- Fresh issue
- 0.48 crore shares worth Rs 172.80 crore
- Offer for sale
- 0.30 crore shares worth Rs 109.34 crore
- Retail lot size
- 41 shares, with a minimum investment of Rs 14,760
Sources
Related news
Sunshine Pictures' ₹282 crore IPO opens August 18 at ₹342-₹360
Sunshine Pictures Shares Debut 10% Premium Despite Weak Market Sentiment
Sunshine Pictures IPO 22% Subscribed, GMP Hints 21% Listing Pop
Sunshine Pictures IPO Subscribed 105.81 Times on Final Day
Sunshine Pictures IPO Draws Strong Demand, Analysts Split
Lalithaa, Shankesh, Sunshine IPOs Aim to Raise Rs 2349 Crore
PVR Inox Buyback: September 3 Last Day to Buy
Indian Stocks Extend Three-Day Losing Streak as Oil Rises
Augmont Enterprises Rises Despite Gold-Buying Appeal and Market Risks
BSE Shares Fall as New Closing Auction Session Draws Scrutiny
Spice Lounge Food Works Stock Hits Upper Circuit Amid Crash
