Sunshine Pictures IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,760
1 lot · 41 shares at the upper price band
Price band
₹360
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹282.14 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹360
- Issue size
- ₹282.14 Cr
- Lot size
- 41
- Opens
- 18 Aug 2026
- Closes
- 20 Aug 2026
- Allotment
- 21 Aug 2026
- Listing
- 25 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹14,760 (1 lot · 41 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹173 Cr
- Offer for sale
- ₹109 Cr
- Listing at
- BSE, NSE
- Refunds
- 24 Aug 2026
- Shares credited
- 24 Aug 2026
- Promoter holding
- 100% before · 74.84% after
- Lead managers
- GYR Capital Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 20 Aug 2026, 1:24 pm.
Total subscription
74.07x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:57 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 18 to 20 Aug, 2026 |
|---|---|
| Listed on | Tue, Aug 25, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹342 to ₹360 |
| Issue Price | ₹360 per share |
| Lot Size | 41 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 78,37,191 shares (agg. up to ₹ 282 Cr) |
|---|---|
| Fresh Issue | 48,00,034 shares (agg. up to ₹ 173 Cr) |
| Offer for Sale | 30,37,157 shares of ₹ 10 (agg. up to ₹ 109 Cr) |
| Share Holding Pre Issue | 2,63,48,750 shares |
| Share Holding Post Issue | 3,11,48,784 shares |
| BSE Script Code / NSE Symbol | 544881 / SUNSHINE |
| ISIN | INE1B3O01011 |
IPO Timetable
- IPO Open
- Tue, Aug 18, 2026
- IPO Close
- Thu, Aug 20, 2026
- Allotment
- Fri, Aug 21, 2026
- Refund
- Mon, Aug 24, 2026
- Credit of Shares
- Mon, Aug 24, 2026
- Listing
- Tue, Aug 25, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 39,18,576 | 50.00% | NA |
| − Anchor Investor | 23,51,140 | 30.00% | NA |
| − QIB (Ex. Anchor) | 15,67,436 | 20.00% | NA |
| NII (HNI) | 11,75,592 | 15.00% | NA |
| − bNII > ₹10L | 7,83,728 | 10.00% | 1,365 |
| − sNII < ₹10L | 3,91,864 | 5.00% | 682 |
| Retail | 27,43,023 | 35.00% | 66,903 |
| Total | 78,37,191 | 100.00% | — |
Sunshine Pictures IPO comprises a total issue size of 78,37,191 shares. Out of which, 39,18,576 (50.00%) are allocated to QIB , 11,75,592 (15.00%) allocated to NII 27,43,023 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,760 |
| Retail (Max) | 13 | 533 | ₹1,91,880 |
| S-HNI (Min) | 14 | 574 | ₹2,06,640 |
| S-HNI (Max) | 67 | 2747 | ₹9,88,920 |
| B-HNI (Min) | 68 | 2788 | ₹10,03,680 |
Investors can bid for a minimum of 41 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Mon, Aug 17, 2026 |
|---|---|
| Shares Offered | 23,51,140 |
| Anchor Portion (₹ Cr.) | 84.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 19, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 18, 2026 |
Sunshine Pictures IPO raises ₹ 84.64 crore from anchor investors . Sunshine Pictures IPO Anchor bid date is August 17, 2026 .
IPO Anchor Investors List
About Sunshine Pictures Ltd.
Incorporated in 2007, Sunshine Pictures Limited is a production company engaged in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series.
The company is a technology-driven content creator specializing in innovative commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution.
The company has produced notable films like 'Force', 'Commando', 'Holiday', 'Force 2', 'Commando 2', and 'The Kerala Story', achieving commercial success and addressing social relevance.
The company has produced ten commercial films (six co-produced), two web series, two TV serials, and one short film. It is currently co-producing two films with Jio Studios and producing one web series for Doordarshan.
The company produces projects either as a sole producer or co-producer with reputable studios. It maintains a mix of co-produced and standalone projects, balancing risk and revenue potential, particularly for high-budget productions.
The company is active on social media platforms like YouTube, Instagram, and Facebook. It has 162,960 YouTube subscribers, 9.18 crore views, and 104,500 followers across Instagram and Facebook, generating additional revenue from content streaming.
As of June 30, 2026, the company has a total strength of 28 full-time employees.
Competitive Strengths:
Experienced Promoters supported by Senior Management team
Established Track Record and long-standing relationships in the industry
Differentiated and Robust Business Model
High quality standards
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 179.64 | 131.28 | 97.38 |
| Total Income | 76.27 | 105.80 | 139.46 |
| Profit After Tax | 40.02 | 34.46 | 53.35 |
| EBITDA | 58.55 | 50.76 | 73.97 |
| NET Worth | 145.13 | 105.07 | 70.60 |
| Reserves and Surplus | 118.79 | 78.72 | 70.47 |
| Total Borrowing | 9.09 | 11.16 | 16.67 |
| Amount in ₹ Crore |
Sunshine Pictures Ltd.'s revenue decreased by 28% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2026 and March 31, 2025.
Note:- FY 2026 financial figures are reported on a standalone basis.
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 112.50 |
| 2 | General Corporate Purposes | 43.02 |
| 3 | Issue Expenses | 28.21 |
| Total | 183.73 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 31.99% | 39.24% |
| ROCE | 36.20% | 41.23% |
| Debt/Equity | 0.06 | 0.11 |
| RoNW | 27.58% | 32.80% |
| PAT Margin | 53.77% | 33.35% |
| EBITDA Margin | 78.65% | 49.12% |
| NAV | 55.08 | 39.88 |
| Price to Book Value | 6.54 | 9.03 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 15.19 | 12.85 |
| P/E (x) | 23.7 | 28.02 |
| Market Cap at Offer Price | ₹949Cr. | ₹1,150.01 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 74.84% |
| Public | — | 25.16% |
| Total | 100% | 100% |
Company Promoters: Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Vipul Amrutlal Shah | Promoter | 20,31,388 | 73.13 |
| Shefali Vipul Shah | Promoter | 10,05,769 | 36.21 |
| Total | — | 30,37,157 | 109.34 |
Sunshine Pictures IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 4 | 0 | 1 | 1 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 123.52 | 15,67,436 | 19,36,02,041 |
| NII | 197.04 | 11,75,592 | 23,16,34,994 |
| bNII (> ₹10L) | 198.42 | 7,83,728 | 15,55,09,269 |
| sNII (< ₹10L) | 194.27 | 3,91,864 | 7,61,25,725 |
| Retail | 56.60 | 27,43,023 | 15,52,53,347 |
| Total | 105.81 | 54,86,051 | 58,04,90,382 |
The Sunshine Pictures IPO is subscribed 105.81 times on August 20, 2026 6:54:46 PM (Day 3). The public issue subscribed 56.60 times in the retail category, 123.52 times in the QIB category, and 197.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 34,18,087
Company Financials (Restated Standalone)
| Period Ended | 31 Mar 2026 |
|---|---|
| Assets | 179.639 |
| Total Income | 76.2749 |
| Profit After Tax | 40.0224 |
| EBITDA | 58.5481 |
| NET Worth | 145.1346 |
| Reserves and Surplus | 118.7858 |
| Total Borrowing | 9.0942 |
| Amount in ₹ Crore |
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission | 9.21 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs, Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | 3.77 |
| 3 | Advertising and marketing expenses | 2.88 |
| 4 | Fee payable to auditors, consultants and market research firms | 9.14 |
| 5 | Fees to regulators, including Stock Exchanges | 2.06 |
| 6 | Printing and distribution of stationery, Fees payable to the Registrar to the Offer, Fees payable to Legal Counsel, Miscellaneous | 1.16 |
| Total | 28.21 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 360.00 | ₹ 360.00 |
| Open | ₹ 394.00 | ₹ 395.90 |
| Low | ₹ 365.00 | ₹ 365.60 |
| High | ₹ 395.00 | ₹ 395.90 |
| Last Trade | ₹ 368.90 | ₹ 369.20 |
Check IPO Performance…
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
GYR Capital Advisors Pvt.Ltd.
Contact Details
Sunshine Pictures Ltd. Address
A -102, 1st Floor, Bharat Ark, Azad Nagar,
Veera Desai Road,
Andheri (W),
Mumbai, Maharashtra , 400053
+91 70390 02911
compliance@sunshinepictures.in
Sunshine Pictures IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Sunshine Pictures Ltd Peer Comparison – Compare with Others
Value Research · 31 Aug 2026
Vidhigya Associates acts on Sunshine Pictures ₹282 crore IPO
Bar and Bench · 26 Aug 2026
Sunshine Pictures IPO Listing: Shares List at 9.97% Premium on NSE, Fall Short of Grey-Market Hopes
India Infoline · 25 Aug 2026
Sunshine Pictures shares make decent market debut at 10% premium; should you buy, sell or hold?
Moneycontrol.com · 25 Aug 2026
Sunshine Pictures shares list at 10% premium over IPO price
economictimes.com · 25 Aug 2026
Sunshine Pictures Share Price: Stock Expected To List At Rs 410, GMP Signals 13.89% Gain
NDTV Profit · 25 Aug 2026
Sunshine Pictures IPO listing date today. GMP, experts hint up to 14% listing pop
Livemint · 25 Aug 2026
Sunshine Pictures IPO Listing: Vipul Amrutlal Shah-Backed Firm Lists With 10% Premium At 396 On NSE
NDTV Profit · 25 Aug 2026
