The Initial Public Offering (IPO) of Sunshine Pictures has been 105.81 times oversubscribed. The company received Rs. 20,897.65 crore against the IPO size of Rs. 282.14 crore.
The total number of applications received was 34,18,087.
The break-up of subscribers for the Vipul Amrutlal Shah-led company is as follows: Qualified Institutional Buyers (QIB) was subscribed 123.52 times. The Non-Institutional Investors (NII) portion was subscribed 197.04 times. The retail portion was subscribed 56.60 times.
The overwhelming response to the IPO augurs well for the film industry which has been in a transformation phase post-COVID 19.
