Sunshine Pictures IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2022 | 2023 | 2024 | September 2024 |
|---|---|---|---|---|
| Revenue | 87.23 | 26.90 | 139.46 | 43.38 |
| Expense | 72.47 | 23.79 | 69.29 | 37.35 |
| Profit (PAT) | 11.20 | 2.31 | 52.45 | 4.56 |
| Total Assets | 26.64 | 38.57 | 96.48 | 89.40 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Panorama Studios International Ltd | 7.09 | 30.41 | 28 |
| Baweja Studios Limited | 12.42 | 5.44 | 9 |
| Balaji Telefilms Limited | 40.57 | 1.96 | 5 |
Promoters: Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, and Maurya Vipul Shah
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,63,48,750 | 100.00% |
Company Information
Sunshine Pictures Limited, founded in 2007, is one of the leading companies involved in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Sunshine Pictures is a technology-driven content creator involved in making commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution. Force, Commando, Holiday, Force 2, Commando 2, and The Kerala Story are some of the highly popular movies that were made by the company.
| Purpose | Amount (Cr) |
|---|---|
| To meet the Working Capital Requirements | - |
| General Corporate Purposes | - |
Resources & Documents
Sunshine Pictures Ltd., A -102, 1st Floor, Bharat Ark, Azad Nagar,, Veera Desai Road,, Andheri (W),, Mumbai, Maharashtra, 400053
Sunshine Pictures is preparing a sme offering. The SME issue is in the upcoming pipeline with dates yet to be finalised.
Sunshine Pictures Limited, founded in 2007, is one of the leading companies involved in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Sunshine Pictures is a technology-driven content creator involved in making commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution.
The issue is promoted by Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, and Maurya Vipul Shah with GYR Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards To meet the Working Capital Requirements and General Corporate Purposes.
On fundamentals, the company is posting revenue growth of 418.4%, a profit margin of 37.6%, return on equity of 75.3% in its most recent reported period. Listed peers in this segment include Panorama Studios International Ltd (P/E 7.09x, market cap Rs 28 crore) and Baweja Studios Limited (P/E 12.42x, market cap Rs 9 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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