Sunshine Pictures IPO Day 2: GMP signals 21% listing gain, issue subscribed 4.33x. Should you apply

Sunshine Pictures IPO has captured the attention of investors on its second bidding day, showcasing impressive demand. Reports indicate it is trading at a notable premium in the grey market. The initial day brought in significant subscriptions, particularly from retail investors. The proceeds from this IPO are aimed at enhancing the company's working capital. Share allotment is scheduled for August 21, leading up to a market debut on August 25.