Sunshine Pictures’ initial public offering (IPO) is reported to be progressing with strong subscription levels and retail participation ahead of its proposed listing. NDTV reports that on Day 2, the IPO subscription reaches 12.27 times the shares on offer, with the performance attributed in part to strong net interest income (NII). It also states the company’s shares are proposed to be listed on the BSE and NSE on August 25.
Business Line reports higher activity during Day 1, stating that by the close on August 18 the IPO received bids for 2,37,74,711 shares against 54,86,051 shares on offer. The two outlets focus on different points in the subscription timeline—Day 1 bidding figures versus Day 2 overall subscription multiples—while both describe demand as substantial and driven largely by retail participation.
