The Sunshine Pictures IPO entered its second day of bidding on Tuesday with strong investor interest, keeping the issue firmly in the spotlight. The IPO is reportedly commanding a 21% premium in the grey market, signalling positive sentiment and raising expectations of a potentially strong listing gain.
The strong response was already evident on Day 1, when the issue was subscribed 4.33 times overall. The retail portion received an even stronger response, with subscriptions reaching 5.98 times against the 27.43 lakh shares reserved for retail investors.
