Sunshine Pictures IPO Details
| IPO Date | 18 to 20 Aug 2026 |
|---|---|
| Listing Date | Tuesday, Aug 25, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹342 to ₹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
(aggregating up to ₹282.14 Cr) |
| Fresh Issue |
48,00,034 shares
(aggregating up to ₹172.80 Cr) |
| Offer for Sale |
30,37,157 shares of ₹10
(aggregating up to ₹109.34 Cr) |
| Shareholding Pre Issue | 2,63,48,750 shares |
| Shareholding Post Issue | 3,11,48,784 shares |
| Market Cap at Upper Price | ₹1,121.36 Cr |
Check Sunshine Pictures IPO GMP →
Sunshine Pictures IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Tuesday, Aug 18, 2026 |
| IPO Close | Thursday, Aug 20, 2026 |
| Allotment | Friday, Aug 21, 2026 |
| Refund | Monday, Aug 24, 2026 |
| Credit of Shares | Monday, Aug 24, 2026 |
| Listing | Tuesday, Aug 25, 2026 |
Sunshine Pictures IPO Issue Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
Sunshine Pictures IPO Lot Size
Investors can bid for a minimum of 41 shares and in multiples thereof. The minimum retail investment at the upper price band of ₹360 is ₹14,760.
| 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 | 2,747 | ₹9,88,920 |
| B-HNI (Min) | 68 | 2,788 | ₹10,03,680 |
Sunshine Pictures IPO Subscription Details
| Investor Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
About Sunshine Pictures Ltd.
Incorporated in 2007, Sunshine Pictures Limited is a production company engaged in originating, creating, developing, producing, marketing and distributing films, TV serials and web series.
The company is a technology-driven content creator specializing in commercial films, covering script development, production, intellectual property creation, rights monetization and distribution.
Sunshine Pictures has produced notable films including Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story.
The company has produced ten commercial films, including six co-produced films, 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.
As of June 30, 2026, the company had 28 full-time employees.
Sunshine Pictures Business Model
The company follows a mix of co-produced and standalone projects, helping balance project risk and potential revenue, particularly for high-budget productions.
Sunshine Pictures is also active across YouTube, Instagram and Facebook. The company has approximately 162,960 YouTube subscribers, 9.18 crore YouTube views and 104,500 followers across Instagram and Facebook.
Key Strengths of Sunshine Pictures
Sunshine Pictures IPO Financials
The company’s restated consolidated financial data shows total income of ₹105.80 crore and profit after tax of ₹34.46 crore for the year ended March 31, 2025.
| Particulars (₹ Cr) | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 131.28 | 97.38 |
| Total Income | 105.80 | 139.46 |
| Profit After Tax | 34.46 | 53.35 |
| EBITDA | 50.76 | 73.97 |
| Net Worth | 105.07 | 70.60 |
| Reserves and Surplus | 78.72 | 70.47 |
| Total Borrowing | 11.16 | 16.67 |
Sunshine Pictures Financials – FY 2026
| Particulars (₹ Cr) | 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 |
Sunshine Pictures IPO Objects of the Issue
The company proposes to utilise the net proceeds from the fresh issue towards the following objectives:
| # | Issue Objects | Estimated Amount |
|---|---|---|
| 1 | Funding the working capital requirements of the company. | ₹112.50 Cr |
| 2 | General Corporate Purposes | Balance Amount |
| Total | ₹112.50 Cr | |
Sunshine Pictures IPO Key Performance Indicators
| 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 |
Sunshine Pictures IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.08 | 11.06 |
| P/E (x) | 27.52 | 32.55 |
| Market Cap at Offer Price | ₹949 Cr | ₹1,121.36 Cr |
Sunshine Pictures Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 74.84% |
| Public | 0% | 25.16% |
| Total | 100% | 100% |
Company Promoters
The promoters of Sunshine Pictures Ltd. are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah.
Sunshine Pictures IPO Offer for Sale
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Vipul Amrutlal Shah | Promoter | 20,31,388 | ₹73.13 Cr |
| Shefali Vipul Shah | Promoter | 10,05,769 | ₹36.21 Cr |
| Total | 30,37,157 | ₹109.34 Cr |
Sunshine Pictures IPO Review
Sunshine Pictures IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 1 |
| Members | 0 | 0 | 0 | 0 |
What Is IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It represents the premium at which an IPO may be informally traded in the grey market before its official stock exchange listing.
GMP is unofficial and can change rapidly depending on market sentiment, demand and other factors. It should not be treated as a guaranteed listing price.
Learn more about IPO GMP meaning, calculation and latest updates .
Sunshine Pictures IPO GMP →
Sunshine Pictures IPO Registrar
Phone: 8657578989 / 8069219065 / 8069219060
Email: ipo@bigshareonline.com
Sunshine Pictures IPO Lead Manager
GYR Capital Advisors Pvt. Ltd.
Sunshine Pictures IPO Company Details
A-102, 1st Floor, Bharat Ark, Azad Nagar
Veera Desai Road
Andheri (W), Mumbai
Maharashtra – 400053
Phone: +91 70390 02911
Email: compliance@sunshinepictures.in
Disclaimer: The information provided above is for informational purposes only and should not be considered investment advice. IPO dates, pricing, allotment, subscription and listing information are subject to changes announced by the company, stock exchanges and other authorities. GMP is unofficial and may change before listing.
