Sunshine Pictures IPO

Sunshine Pictures IPO is set to open for public subscription on Tuesday, 18 August. The book build issue is hitting the primary market at a time when market sentiment is weak due to persistent uncertainty over US-Iran talks and crude oil price volatility. Sunshine Pictures is a production house engaged in creating, developing, producing, marketing and distributing films, TV serials, and web series. Meanwhile, grey market trends suggest investors are optimistic about the issue, as the latest grey market premium (GMP) signals the stock could list at a decent premium.