Global Markets
Home›Global Markets›India›Sunshine Pictures sets IPO price band at ₹342 to ₹360…
Sunshine Pictures sets IPO price band at ₹342 to ₹360 per share
The IPO will open for subscription on August 18 and is set to list on BSE and NSE on August 25.
Sunshine Pictures has fixed its IPO price band at ₹342 to ₹360 per equity share, with a face value of ₹10 per share, according to LiveMint Markets.
The company plans to open subscriptions on Tuesday, August 18, with the offer closing on Thursday, August 20. Anchor investor bidding is scheduled for Monday, August 17, and the basis of allotment is expected to be finalized on August 21.
The ₹282 crore public offering includes a fresh issue of up to 48,00,034 equity shares and an offer for sale of up to 30,37,157 equity shares. After the issue, Sunshine Pictures estimates implied market capitalization in the range of ₹1,065 crore to ₹1,121 crore.
The offer reserves 50% for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 35% for retail investors. Shares are expected to list on the BSE and NSE on August 25, with GYR Capital Advisors as book running lead manager and Bigshare Services appointed as registrar to the issue.