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2 clusters · 3 sources · 7 days · First seen 11 days ago · Last updated 5 days ago

Sunshine Pictures IPO process and market debut

Overview

Sunshine Pictures Ltd initiated its initial public offering (IPO) process by securing Rs 84.64 crore from nine anchor investors. The company allotted over 23.51 lakh equity shares at an upper price band of Rs 360 per share. The Rs 282-crore offering included a fresh issue of 48 lakh equity shares and an offer for sale of 30.37 lakh shares by promoters Vipul Amrutlal Shah and Shefali Vipul Shah.

Following the subscription period, the company’s shares debuted on the NSE at ₹395.90, marking a nearly 10% premium over the ₹360 issue price. The IPO was highly sought after, achieving an overall subscription rate of 105.8 times.

Entities

BSE · NSE · Sunshine Pictures Ltd · Rays of Belief · Sunshine Pictures

Timeline

5 days ago

[BUSINESS] 2 sources
Indian companies Sunshine Pictures, ESDS Software, and Rays of Belief announce market moves
Sunshine Pictures shares debuted with a nearly 10% premium on the NSE, while ESDS Software and Rays of Belief prepare for upcoming IPO launches in late August and early September.
11 days ago

[BUSINESS] 2 sources
Sunshine Pictures secures Rs 84.64 crore from anchor investors ahead of IPO
Sunshine Pictures Ltd has raised Rs 84.64 crore from nine anchor investors ahead of its Rs 282-crore IPO, which is set to open for subscription on August 18.

Sources

hindi.business-standard.com · indianbroadcastingworld.com · news18.com