Sunshine Pictures IPO

Listed Mainboard
Min Investment
₹1,91,880
41 Shares
Min Investment
₹1,91,880 · 41 Shares
Open Aug 18
Close Aug 20
Allotment Aug 21
Refund Aug 24
Listing Aug 25
Price Band ₹342–360
Lot Size 41 shares
Issue Size ₹282 Cr
Listed At ₹395.90 +10%
Subscribed 105.81×
Listed On BSE & NSE
Listing Price
₹395.90 (+9.97%)
vs issue price
Current Price (BSE)
₹452.60 (+25.72%)
at close, 01 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹50
+13.9%
Est. Listing: ₹410
Updated: Aug 24, 2026 9:27 pm
Subscription Status
QIB
123.52x
NII
197.04x
bNII (>10L)
198.42x
sNII (2-10L)
194.27x
Retail
56.60x
Total
105.81x
Updated: Aug 20, 2026 5:10 pm IST
Analysis Score 72 / 100
Data: 80%
GMP Score 50
Subscription Score 100
Financial Health 70
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹342–360 per equity share
Face Value₹10 Per Equity Share
Lot Size 41 shares (Min ₹1,91,880)
Total Issue Size ₹282.14 crore
Fresh Issue₹172.80 crore
Offer For Sale₹109.34 crore
Issue TypeBook Built Issue
Lead Manager GYR Capital Advisors Pvt.Ltd.
Registrar Bigshare Services Pvt. Ltd.
Listing atBSE & NSE
BSE Code544881
NSE SymbolSUNSHINE
ISININE1B3O01011
Listing Price₹395.90
Listing Gain+9.97%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 41 ₹1,91,880
Retail Maximum 13 533 ₹1,91,880
S-HNI Minimum 14 574 ₹2,06,640
S-HNI Maximum 67 2,747 ₹9,88,920
B-HNI Minimum 68 2,788 ₹10,03,680
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB15,67,43650.00%
NII (HNI)11,75,59215.00%
bNII > ₹10L7,83,72810.00%
sNII < ₹10L3,91,8645.00%
Retail27,43,02335.00%
Anchor23,51,14030.00%
Total78,37,191

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.03x 0.14x 123.52x
NII 6.23x 35.59x 197.04x
bNII > ₹10L 4.67x 29.07x 198.42x
sNII 2-10L 9.34x 48.63x 194.27x
Retail 5.98x 21.60x 56.60x
Total 4.33x 18.47x 105.81x

Financial Analysis

Financial Data
EPS (Pre)
₹15.19
ROE
31.99%
ROCE
36.20%
RoNW
27.58%
EBITDA Margin
78.65%
Debt/Equity
0.06
NAV/Share
₹55.08
Revenue Growth
-27.91%
Profit Margin
52.47%
Financial Performance
Metric 2024 (Consolidated) 2025 (Consolidated) 2026 (Standalone)
Revenue 139.46 105.80 76.27
Expense 69.29 59.59 21.90
Profit (PAT) 52.45 34.46 40.02
Total Assets 97.39 131.28 179.64
Values in Crores (₹)
Peer Comparison
Company EPS P/E RoNW % NAV Income
Panorama Studios International Ltd 0.60 81.00 7.10 8.47 317.35 Cr
Baweja Studios Limited 3.29 8.68 5.52 59.73 69.51 Cr
Balaji Telefilms Limited -4.09 - -7.96 51.22 221.17 Cr
Promoters & Holding Pattern

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%

Strengths & Risks

Strengths
  • Heavily oversubscribed — 105.8x overall (so far).
  • Strong institutional (QIB) demand — 123.5x.
  • Solid profit margin — 52.5%.
  • Strong return on equity — 32%.
  • Low leverage — debt/equity of 0.06.
Risks & Concerns
  • Revenue fell 28% in the latest reported year.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Sunshine Pictures

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.

Company Contact Information

Sunshine Pictures Ltd., A -102, 1st Floor, Bharat Ark, Azad Nagar,, Veera Desai Road,, Andheri (W),, Mumbai, Maharashtra, 400053

Objects of the Issue
Purpose Amount (Cr)
To meet the Working Capital Requirements -
General Corporate Purposes -

Resources & Documents

Anchor Investors
Anchor Bidding Date
August 17, 2026
Shares Offered to Anchors
23,51,140
Lock-in End (30 Days, 50%)
September 16, 2026
Lock-in End (90 Days, 50%)
November 15, 2026
Sunshine Pictures IPO — Quick Take

Sunshine Pictures has set a price band of Rs 342–Rs 360 per share for an issue size of Rs 282 crore. The stock listed with a 9.97% gain versus its issue price on August 25, 2026.

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 -27.9%, a profit margin of 52.5%, return on equity of 32.0% in its most recent reported period. Listed peers in this segment include Panorama Studios International Ltd (P/E 81.00x) and Baweja Studios Limited (P/E 8.68x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Sunshine Pictures IPO is Rs 342 to Rs 360 per share. Face value is Rs 10 per share.

The total issue size of Sunshine Pictures IPO is Rs 282 crore, comprising fresh issue of Rs 173 crore and offer for sale (OFS) of Rs 109 crore.

Retail investors must apply for a minimum of 1 lot of 41 shares, requiring an investment of Rs 14,760. Maximum retail application is 13 lots (533 shares, approx Rs 1,91,880).

Sunshine Pictures IPO opens for subscription on August 18, 2026 and closes on August 20, 2026. Anchor investor bidding is scheduled for August 17, 2026.

The expected allotment date for Sunshine Pictures IPO is August 21, 2026. Refunds for unsuccessful applicants are expected on August 24, 2026.

Sunshine Pictures IPO is scheduled to list on August 25, 2026 on both BSE and NSE. BSE script code: 544881, NSE symbol: SUNSHINE, ISIN: INE1B3O01011.

The current GMP (Grey Market Premium) of Sunshine Pictures IPO is +Rs 50 (+13.9% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Sunshine Pictures IPO is currently subscribed 105.81 times overall — retail at 56.60x, QIB at 123.52x, NII at 197.04x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 56.60x for Sunshine Pictures IPO, the estimated retail allotment probability is approximately 2.0%. This is a low probability — approximately 2 out of every 100 retail applications may receive allotment.

The registrar for Sunshine Pictures IPO is Bigshare Services Pvt. Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Sunshine Pictures IPO are GYR Capital Advisors Pvt.Ltd..

The promoter(s) of Sunshine Pictures are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, and Maurya Vipul Shah.

Sunshine Pictures IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

See the full Sunshine Pictures GMP history and trend, or learn how grey market premium works and how reliable it is.

0 Comments

No comments yet. Be the first to share your opinion!

GMP Update