Sunshine Pictures IPO
GMP, Subscription, Price, Dates & Financial Details
Film Production, Distribution & Entertainment
Incorporated in 2007, Sunshine Pictures Limited is a content production company engaged in the conceptualization, creation, development, production, marketing, and distribution of films, television serials, and web series. The company focuses on developing commercially viable and engaging content,…
Open Date
Tue, 18 Aug 2026
Close Date
Thu, 20 Aug 2026
Price Band
₹ 342 – 360
Lot Size
41
Issue Size
₹ 282.14 Cr
Minimum Investment
₹ 14,760 (41 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sunshine Pictures IPO is set to open its Initial Public Offering (IPO) for subscription on August 18, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹282 Crore, comprising a fresh issue of 48.00 Lakh equity shares aggregating to ₹172.80 Crore and an offer for sale (OFS) of 30.37 Lakh equity shares aggregating to ₹109.34 Crore by the existing shareholders.
The Sunshine Pictures IPO will open for subscription on August 18, 2026, and close on August 20, 2026. The basis of allotment is expected to be finalized on August 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 25, 2026.
The company has fixed the price band at ₹342 to ₹360 per share, with a lot size of 41 shares. Retail investors will require a minimum investment of ₹14,760 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. GYR Capital Advisors Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Sunshine Pictures IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on August 20, 2026.
Sunshine Pictures IPO Timeline (Tentative)
- IPO Open Date
- Fri, 14 Aug 26
- IPO Close Date
- Tue, 18 Aug 26
- Basis of Allotment
- Fri, 21 Aug 26
- Initiation of Refunds
- Mon, 24 Aug 26
- Credit of Shares to Demat
- Mon, 24 Aug 26
- Listing Date
- Tue, 25 Aug 26 — NSE & BSE
Open Date
14 August 2026
Close Date
18 August 2026
Basis Of Allotment
21 August 2026
Listing Date
25 August 2026
IPO Subscription
Check Live Subscription →The Sunshine Pictures IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 18 August 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 (Restated Standalone) | 31 Mar 2025 (Restated Consolidated) | 31 Mar 2024 (Restated Consolidated) |
|---|---|---|---|
| Assets | 179.64 | 131.28 | 97.38 |
| Revenue | 76.27 | 105.8 | 139.46 |
| Profit After Tax | 40.02 | 34.46 | 53.35 |
| Net Worth | 145.13 | 105.07 | 70.6 |
| Reserve & Surplus | 118.79 | 78.72 | 70.47 |
| Total Borrowings | 9.09 | 11.16 | 16.67 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sunshine Pictures Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 31.99 | 39.24 | 108.99 |
| ROCE % | 36.2 | 41.23 | 82.08 |
| Debt / Equity | 0.06 | 0.11 | 0.24 |
| RoNW % | 27.58 | 32.8 | 75.57 |
| Pat Margin % | 53.77 | 33.35 | 39.87 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Sunshine Pictures Ltd | 10 | 0 | 15.19 | 15.19 | 27.58 | 55.08 |
| Panorama Studios International Ltd | 2 | 81 | 0.6 | 0.6 | 7.1 | 8.47 |
| Baweja Studios Ltd | 10 | 8.68 | 3.29 | 3.29 | 5.52 | 59.73 |
| Balaji Telefilms Ltd | 2 | 0 | -4.09 | -4.09 | -7.96 | 51.22 |
About Sunshine Pictures Limited
Incorporated in 2007, Sunshine Pictures Limited is a content production company engaged in the conceptualization, creation, development, production, marketing, and distribution of films, television serials, and web series. The company focuses on developing commercially viable and engaging content, with an emphasis on strong storytelling, innovative production approaches, and intellectual property creation.
Sunshine Pictures operates as a technology-driven content creator, with capabilities spanning the entire content lifecycle—from script and concept development to production, intellectual property creation, rights monetization, marketing, and distribution. The company seeks to create content that combines commercial appeal with contemporary and socially relevant themes.
Content Portfolio
Over the years, Sunshine Pictures has produced and co-produced several commercially successful films, including ‘Force’, ‘Commando’, ‘Holiday’, ‘Force 2’, ‘Commando 2’, and ‘The Kerala Story’. Its portfolio reflects a focus on content-driven commercial cinema, with several projects addressing themes of social relevance while targeting a broad audience.
The company has produced 10 commercial films, including six co-productions, two web series, two television serials, and one short film. As part of its ongoing content pipeline, the company is currently co-producing two films with Jio Studios and producing one web series for Doordarshan.
Production & Co-Production Model
Sunshine Pictures follows a flexible production strategy, undertaking projects both as a sole producer and as a co-producer with established studios and industry partners. This diversified approach enables the company to participate in projects across different budgets and formats while balancing financial exposure, production risk, revenue potential, and access to distribution networks.
For high-budget productions in particular, the company leverages co-production arrangements to share production and financial risks while benefiting from the resources, expertise, and distribution capabilities of established industry partners. Standalone productions, meanwhile, provide greater control over intellectual property, creative direction, and monetization opportunities.
Intellectual Property & Revenue Opportunities
The company focuses on building and monetizing intellectual property across multiple content formats and distribution channels. Revenue opportunities may include theatrical distribution, digital and streaming rights, television rights, music rights, licensing, syndication, and other content-related monetization avenues.
Its growing digital presence also provides an additional avenue for audience engagement and content monetization. Sunshine Pictures maintains an active presence across YouTube, Instagram, and Facebook, enabling it to reach audiences beyond traditional theatrical and television channels.
Digital & Social Media Presence
The company's YouTube channel has approximately 162,960 subscribers and 9.18 crore views, while its combined Instagram and Facebook presence has approximately 104,500 followers. These digital platforms support audience engagement, content promotion, brand visibility, and potential additional revenue generation through online content streaming and digital monetization.
Human Capital
As of June 30, 2026, Sunshine Pictures Limited had a total workforce of 28 full-time employees. The company relies on a combination of its internal team and external creative, technical, production, and industry partners to execute its diverse portfolio of film, television, and digital content projects.
Business Positioning
Sunshine Pictures Limited aims to build a diversified content portfolio by combining creative storytelling, commercial entertainment, technology-enabled content creation, intellectual property development, and multiple distribution channels. Its mix of standalone productions and strategic co-productions allows the company to pursue growth opportunities while maintaining a balanced approach to production risk and potential revenue generation.
Sunshine Pictures IPO Promoters
- Vipul Amrutlal Shah
- Shefali Vipul Shah
- Aryaman Vipul Shah
- Maurya Vipul Shah
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.84%
Sunshine Pictures IPO Objective
The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objects.
- To meet Working Capital Requirements
- General Corporate Purposes
Sunshine Pictures Limited Address / Contact Details
Sunshine Pictures Ltd.
A -102, 1st Floor, Bharat Ark, Azad Nagar,
Veera Desai Road,
Andheri (W),
Mumbai, Maharashtra, 400053
Phone: +91 70390 02911
Email: compliance@sunshinepictures.in
Website: http://www.sunshinepictures.in/
IPO Snapshot
Sunshine Pictures IPO Lot Size
The Sunshine Pictures IPO has a lot size of 41 shares. Retail investors require a minimum investment of ₹14,760 by applying for 1 lot (41 shares). The maximum application allowed for the retail category is 13 lots (533 shares), requiring an investment of ₹1,91,880.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 41 | 14,760.00 |
| Retail (Max) | 13 | 533 | 191,880.00 |
| S-HNI (Min) | 14 | 574 | 206,640.00 |
| S-HNI (Max) | 67 | 2,747 | 988,920.00 |
| B-HNI (Min) | 68 | 2,788 | 1,003,680.00 |
Issue Reservation
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sunshine Pictures IPO?
Sunshine Pictures IPO is a Book-building IPO with a total issue size of ₹282.14 crore. The Sunshine Pictures IPO price band is ₹342 to 360 per share. The Sunshine Pictures IPO subscription opens on Tue, Aug 18, 2026, and closes on Thu, Aug 20, 2026. The Sunshine Pictures IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Sunshine Pictures IPO.
When will the Sunshine Pictures IPO open for subscription?
The Sunshine Pictures IPO opens on Tue, Aug 18, 2026 and closes on Thu, Aug 20, 2026
What is Sunshine Pictures IPO Price Band?
Sunshine Pictures IPO Price Band is ₹342 to 360 per share.
What is Sunshine Pictures IPO Lot Size?
Sunshine Pictures IPO lot size is 41 shares, Retail investors need a minimum investment of ₹14760 based on the upper price band
What is the minimum investment for Sunshine Pictures IPO?
The minimum investment for Sunshine Pictures IPO is ₹14760, based on one lot of 41 shares at the upper price band of ₹360 per share.
How to apply for Sunshine Pictures IPO?
Investors can apply for the Sunshine Pictures IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 20, 2026. The application amount remains blocked until the Sunshine Pictures IPO allotment is finalized.
What is Sunshine Pictures IPO Issue Size?
Sunshine Pictures IPO issue size is ₹282.14 crores.
What is the Sunshine Pictures IPO Allotment Date?
Sunshine Pictures IPO allotment date is Fri, Aug 21, 2026.
Who is the Sunshine Pictures IPO Registrar?
The registrar for Sunshine Pictures IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Sunshine Pictures IPO allotment status, refund processing, and other IPO-related information.
What is the Sunshine Pictures IPO GMP?
The Sunshine Pictures IPO GMP (Grey Market Premium) is ₹17 as of Wed, Aug 12, 2026. Based on the upper price band of ₹360 per share, the estimated Sunshine Pictures IPO listing price is ₹377, indicating a potential listing gain of approximately 4.72% over the issue price.
Who is the Sunshine Pictures IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sunshine Pictures IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sunshine Pictures IPO Red Herring Prospectus (RHP).