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Sunshine Pictures IPO: Shares Debut Strong

25 Aug

Summary

Sunshine Pictures listed at Rs 395.9 on NSE, a 9.97% premium.
The IPO was oversubscribed by a significant 105.81 times.
The company achieved a market capitalization of Rs 1,182.72 crore.

Sunshine Pictures IPO: Shares Debut Strong

Sunshine Pictures Ltd commenced trading on the stock exchanges on Tuesday, August 25, with a strong performance. The company's shares debuted at Rs 395.9 on the National Stock Exchange (NSE), representing a significant 9.97% increase from its Initial Public Offering (IPO) issue price of Rs 360. On the Bombay Stock Exchange (BSE), the stock opened at Rs 304.

The IPO, which was available for subscription between August 18 and August 20, garnered substantial investor interest, evidenced by an overall subscription rate of 105.81 times. This high demand contributed to Sunshine Pictures achieving a market capitalization of Rs 1,182.72 crore shortly after its listing.

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