Sunshine Pictures’ initial public offering opens for subscription today, with the issue size reported at about ₹282 crore. The company sets a price band of ₹342 to ₹360 per share, and the minimum investment for retail investors is ₹14,760 when applying at the upper end of the band. The grey market premium is reported at around 20%, indicating unofficial demand, though it is not a guarantee of gains.
The IPO includes both a fresh issue and an offer for sale. Reports say the fresh issue comprises 48 lakh shares worth about ₹172.80 crore, while an offer for sale includes 30 lakh shares valued at about ₹109.34 crore. Sunshine Pictures plans to use about ₹112.50 crore from the issue for working capital, with the remainder for corporate purposes.
Ahead of the subscription period, Sunshine Pictures raised ₹84.64 crore from nine anchor investors, allotting 23.51 lakh shares at ₹360. According to the timelines cited, share listing is scheduled for 25 August 2026 on BSE and NSE, with allotment expected around 21 August 2026. Different outlets focus on different subscription and deal details, including retail bidding amounts and anchor allotment information.
