Sunshine Pictures was incorporated on July 14, 2007. The company is a production house involved in originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Since its inception, it has produced several notable works in modern Indian cinema
| Bidding Dates |
|---|
| 18 Aug 2026 - 20 Aug 2026 |
| Subscription |
|---|
| 105.81x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,022 | 1 | 13 | 41 | 7.8 M | ₹342 - ₹360 | 74.84 % | ₹2680.3 M - ₹2821.4 M | RHP DOC |
Sunshine Pictures IPO SUBSCRIPTION STATUS
20 Aug '26Sunshine Pictures IPO overall subscription rate was 105.81 times the total available shares
Sunshine Pictures IPO retail subscription rate was 56.6 times in the retail segment
Sunshine Pictures IPO non-institutional investor subscription rate was 197.04 times in the non-institutional investor category
Sunshine Pictures IPO Qualified Institutional Bidder subscription rate was 123.52 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
20 Aug 2026 (Day 3) | 56.6x | 197.04x | 123.52x |
19 Aug 2026 (Day 2) | 21.6x | 35.59x | 0.14x |
18 Aug 2026 (Day 1) | 5.98x | 6.23x | 0.03x |
Sunshine Pictures FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 74.4 | 40.0 | -33.2 | -33.6 | 78.65 |
| FY25 | 103.3 | 34.5 | 28.5 | 23.3 | 49.1% |
| FY24 | 133.8 | 53.3 | 31.6 | 20.2 | 55.3% |
Sunshine Pictures IPO SUBSCRIPTION STATUS DETAILS
Sunshine Pictures had 7.8 M shares on offer
Sunshine Pictures IPO offer price was in the range ₹342 - ₹360
Sunshine Pictures IPO minimum Investment was ₹14022
Sunshine Pictures IPO issue size was ₹ 2680.3 M - ₹ 2821.4 M
Sunshine Pictures had a minimum lot size of 41 Shares per application
Sunshine Pictures NUMBER OF SHARES ON OFFER
Sunshine Pictures IPO IMPORTANT DATES
| Issue Open Date | 18 Aug 2026 |
| Issue close Date | 20 Aug 2026 |
| Allotment Date | 21 Aug 2026 |
| Refund Date | 24 Aug 2026 |
| Demat Account Credit Date | 24 Aug 2026 |
| Listing Date | 25 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Sunshine Pictures Allotment Status | Exchange/ Registrar |
Sunshine Pictures IPO subscription opened on 18 Aug 2026, and closed on 20 Aug 2026
IPO allotment for Sunshine Pictures was finalized on Friday, 21 Aug 2026
IPO listing for Sunshine Pictures was on NSE and BSE on Tuesday, 25 Aug 2026
Sunshine Pictures IPO LISTING GAINS
| Issue Price (adjusted) | 360.0 |
| Listing Open Price | 395.9 |
| Listing Close Price | 369.2 |
| Listing Gain% | 10.0% |
| Current Gain% | 2.6% |
Sunshine Pictures Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sunshine Pictures Ltd. | 369.2 | 1150 | 28.7 | 2 | 15.1 | 27.6 | 22.3 | 76.3 | -27.9 | 40 | 14.1 | 12.8 | 14.1 |
| Prime Focus Ltd. | 302.8 | 23577.4 | 156.2 | 0.9 | 4.8 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1231 | 12088.4 | 27.2 | 0.1 | 1.8 | 4.5 | 2.1 | 6829.7 | 14.7 | 334.1 | 219.5 | 45.3 | 387 |
| Saregama India Ltd. | 504.7 | 9731.1 | 44.1 | 5.4 | 9.3 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 646.1 | 8259.2 | 38.5 | 1.4 | 21 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| JOJO Ltd. | 174 | 1199.9 | 170.9 | 0 | 44.9 | 10.4 | 7 | 24.5 | 313.9 | 5.6 | 438.4 | 1 | 7039.3 |
Sunshine Pictures IPO Reports
Sunshine Pictures INFORMATION ON IPO ISSUE
About Sunshine Pictures
Sunshine Pictures was incorporated on July 14, 2007. The company is a production house involved in originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Since its inception, it has produced several notable works in modern Indian cinema
Object of the Issue
- To meet the working capital requirements
- General corporate purposes
Sunshine Pictures - PROMOTERS
| Name |
|---|
| Vipul Amrutlal Shah |
| Shefali Vipul Shah |
| Aryaman Vipul Shah |
| Maurya Vipul Shah |
Sunshine Pictures - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vipul Amrutlal Shah | Chairman & Managing Director |
| Shefali Vipul Shah | Whole-time director |
| Aryaman Vipul Shah | Whole-time director |
| Maurya Vipul Shah | Whole-time director |
| Manmohan Ramanna Shetty | Independent director |
| Kapil Bagla | Independent director |
| Pawan S Bachani | Independent director |
| Paresh Ganatra | Independent director |
Sunshine Pictures Book Running Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Sunshine Pictures Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Sunshine Pictures Strengths
Robust business model
The company specializes in originating, creating, developing, producing, and marketing motion pictures and audio-visual content. It focuses on maximizing the monetization potential of each film while managing production costs to reduce commercial risk and optimize profit
High quality standards
The company's commitment to quality and advanced post-production technology has resulted in high-quality filmography, earning recognition from industry peers and talents. This has established the company as the preferred production house for leading studios in the country
Long-standing relationships
With 17 years of experience, the company has built strong goodwill in the film industry. Its reputation for quality production has led to repeat business from top studios and distributors, while its extensive network provides access to top talent, ensuring the consistent delivery of high-quality content
Sunshine Pictures Risks
Risk of customer acceptance
The company's success relies heavily on audience acceptance of its films, web series, and TV serials, which is unpredictable and inherently risky
Production risks
Delays, cost overruns, or the cancellation/abandonment of films, web series, or TV serials could negatively impact the company's business
Competition
Increased competition from other film producers and an oversupply of content, especially during peak release times like holidays and festivals, could make it more challenging for the company's films to succeed
IPO FAQs
This IPO consists of an offer for sale of up to Rs 109.3 crore, of 3,037,157 shares. It also consists of a fresh issue of Rs 172.8 crore.
The promoters of the company are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 342.0 - 360.0.
The IPO application opens on Aug 18, 2026 and closes on Aug 20, 2026.
The minimum lot size for the IPO is 41. The maximum lot size for the IPO is 533.
For all category investors, the minimum application amount for this IPO is Rs. 14,022.0, the maximum value for this IPO is Rs 191,880.0.
This IPO will be allotted on Aug 21, 2026.
The refund will be credited to your account on Aug 24, 2026.
The allotted shares will be credited to your demat on Aug 24, 2026.
Sunshine Pictures Ltd.’s shares listed on the stock exchanges on Aug 25, 2026.