Sunshine Pictures and Shankesh Jewellers make modest stock market debut.
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Shares of Sunshine Pictures and Shankesh Jewellers made a modest debut on Tuesday, listing at premiums to their respective IPO prices, but later dipped to trade below their listing prices at the time of writing.Sunshine Pictures listed at a 10 per cent premium on the NSE, while Shankesh Jewellers began trading at an 11 per cent premium on the NSE.Sunshine Pictures listing price, IPO details, subscription, anchor bookSunshine Pictures debuted at ₹395.90 on the NSE, a 10 per cent premium over its IPO price of ₹360. On the BSE, the stock started trading at ₹394, a 9.4 per cent premium.At around 10.15 am, it traded at ₹382.05 on the NSE.The ₹282-crore IPO of film and television producer-director Vipul Shah-promoted Sunshine Pictures Ltd received 105.81 times subscription overall. The non-institutional investor category was subscribed 197.04 times, while the qualified institutional buyers (QIBs) portion received 123.52 times subscription. The retail investor quota was subscribed 56.60 times.The company mobilised ₹84.64 crore from nine anchor investors. The IPO price band was fixed at ₹342-360 per share.The mainboard issue comprised a fresh issuance of 48 lakh equity shares and an offer-for-sale (OFS) of 30.37 lakh equity shares, taking the total offer size to 78.37 lakh shares.The company plans to utilise up to ₹112.50 crore from the IPO proceeds to meet its long-term working capital requirements, with the remaining amount earmarked for general corporate purposes.At the upper end of the price band, Sunshine Pictures is valued at an implied post-issue market capitalisation of around ₹1,121 crore, while the valuation stands at about ₹1,065 crore at the lower end.Shankesh Jewellers listing price, IPO details, subscription, anchor bookShankesh Jewellers began trading at ₹103.30 on the NSE, an 11 per cent premium over its IPO price of ₹93. On the BSE, it debuted at ₹102.20, a 10 per cent premium, against the IPO price of ₹93.The stock then moderated between ₹98.36 and ₹109.50 on the NSE.The ₹367-crore IPO IPO received 2.80 times subscriptiono overall. The non-institutional investors bid for 5.68 times the shares reserved for them. The retail investor category was subscribed 2.42 times, while QIBs received 1.32 times subscription.The Mumbai-based jewellery wholesaler raised ₹110.15 crore from anchor investors.The price band for the IPO was fixed at ₹88-93 per equity share, valuing the company at ₹1,367 crore at the upper limit.The IPO comprised a fresh issue of up to 2.95 crore equity shares and an offer-for-sale (OFS) of up to 1 crore equity shares. At the upper price band, the issue size is around ₹367 crore, while at the lower band it is ₹347 crore.Proceeds from the fresh issue will be used for repayment or pre-payment of borrowings, funding working capital requirements and general corporate purposes.More Like ThisPublished on August 25, 2026
