New Delhi, Aug. 20 -- The initial public offering (IPO) of Sunshine Pictures is witnessing a strong response, while grey market trends also point to significant investor optimism around the issue.

Sunshine Pictures IPO opened for public subscription on Tuesday, 18 August, and will conclude today, i.e., Thursday, 20 August. Share allotment is expected to be finalised on Friday, 21 August.

Successful bidders can receive the shares on the next business day, Monday, 24 August, and those who fail to receive the allotment will receive refunds on the same day. Sunshine Pictures IPO will list on the BSE and the NSE on Tuesday, 25 August.

Priced at Rs.342 to Rs.360 per share, Sunshine Pictures IPO is a fresh issue of 48,00,034 shares to raise R...