Sunshine Pictures IPO
Day 3 of 3 of bidding · Aug 20, 2026
Sunshine Pictures IPO is on Day 3 of 3 of its subscription window. The latest grey market premium is Rs 78 (21.7% over issue price), up Rs 1 from previous. Total subscription stands at 33.51x (QIB 3.72x, NII 76.1x, Retail 32.28x). Bidding closes today (Aug 20).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Day-wise Subscription (times subscribed)
Financial Analysis
| 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 |
| 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: 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
- Strong grey-market premium — +22% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Heavily oversubscribed — 33.5x overall (so far).
- Strong institutional (QIB) demand — 3.7x.
- Solid profit margin — 52.5%.
- 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
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 has set a price band of Rs 342–Rs 360 per share for an issue size of Rs 282 crore. The Mainboard issue is currently open for subscription and closes today.
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.
Grey market is quoting a premium of +Rs 78 (+21.7% over issue price), up Rs 64 from the previous session. Live demand data shows overall subscription at 33.51x, retail at 32.28x, QIB at 3.72x, NII at 76.10x.
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.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. 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.
Sunshine Pictures IPO GMP — What It Means
The latest grey market premium for Sunshine Pictures IPO is ₹78 (+21.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Sunshine Pictures it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Sunshine Pictures GMP history and trend, or learn how grey market premium works and how reliable it is.
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