Sunshine Pictures IPO Allotment Today: The shares of Sunshine Pictures, the producers of The Kerala Story, will be allotted to investors who placed their bids during the three-day subscription window for the IPO.
Sunshine Pictures IPO is a book-built issue of Rs 282.14 crore. The issue is a combination of a fresh issue of 0.48 crore shares and an offer for sale (OFS) of 0.30 crore shares.
Sunshine Pictures IPO Subscription
The allotment phase for the IPO comes after the issue was subscribed more than 105 times. The subscription was mainly led by strong interest from Non-Institutional Buyers (NIIs), followed by Qualified Institutional Buyers (QIBs). Here’s the breakdown of the IPO subscription:
- Qualified Institutional Buyers (QIBs): 123.52x
- Non-Institutional Buyers (NIIs): 197.04x
- Retail investors: 56.60x
This means that the IPO received 58,04,90,382 bids against 54,86,051 shares on offer.
Sunshine Pictures IPO GMP
Ahead of the IPO allotment, interest in the unlisted market remains strong, with the grey market premium (GMP) currently standing at Rs 80, indicating a potential listing premium of over 22 per cent.
If this GMP sustains, the IPO shares are expected to list at around Rs 440, against the issue price of Rs 360. Based on the current GMP, investors could earn an estimated profit of Rs 3,280 on a lot of 41 shares.
On the positive side, interest in the IPO in the grey market has witnessed a rising trend. The GMP stood at Rs 17 on August 12, later rose to Rs 50 and currently stands at Rs 80.
Sunshine Pictures IPO Allotment Status
Following the successful completion of the three-day subscription window, the IPO has now entered the allotment phase, during which shares will be allotted to successful applicants.
Step 2: Select Equity & SME IPO Bid Details.
Step 3: Choose Sunshine Pictures from the available options.
Step 4: Enter your PAN and application number, then click Submit to view the allotment status.
Step 2: Select Equity under the issue type.
Step 3: Choose Sunshine Pictures from the dropdown menu.
Step 4: Enter your application number or PAN details.
Step 5: Complete the CAPTCHA and click Search to view the Sunshine Pictures IPO allotment status.
Step 2: Select Sunshine Pictures from the dropdown menu.
Step 3: Choose the PAN, Application Number or DP ID option.
Step 4: Enter the required details.
Step 5: Click Submit to check the Sunshine Pictures IPO allotment status.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
