Sunshine Pictures Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹342 - ₹360
- Lot size
- 41 shares
- Issue amount
- ₹282.14 cr
- Total subscription
- 105.81×
- Opens
- 18 Aug 2026
- Closes
- 20 Aug 2026
- Allotment
- 21 Aug 2026
- Listing
- 25 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 78,37,191 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,022
- Fresh issue
- ₹172.8 cr
- Offer for sale
- ₹109.34 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,760
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,63,48,750
- Shares after issue
- 3,13,48,750
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 41 | ₹14,760 |
| sHNI | 14 | 574 | ₹2,06,640 |
| bHNI | 68 | 2,788 | ₹10,03,680 |
Share reservation
Subscription & GMP
Subscription by category
Reported 20 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 66,903 | 32,43,351 |
| HNIs(10L +) | 1,365 | 54,915 |
| HNIs (2-10L) | 683 | 1,27,744 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 56.43 | 6,969.67 |
| FIIs | 0 | 1,019.34 |
| FIs | 0 | 3,418.52 |
| Mutual Funds | 0 | 10.34 |
| Others | 0 | 2,521.47 |
| RETAIL | 98.75 | 5,589.12 |
| HNIs 2+ | 14.11 | 2,740.53 |
| HNIs 10+ | 28.21 | 5,598.33 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 15.19 | 13.08 | 20.24 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 27.58 | 32.8 | 75.57 |
| PRE IPO(PE) | 23.69 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Sunshine Pictures Limited | 23.69 | 360.00 | 10 | 55.08 | 27.58 | 15.19 |
| Panorama Studios International Limited | 81 | 48.6 | 2 | 8.47 | 7.10 | 0.60 |
| Baweja Studios Limited | 8.68 | 28.55 | 10 | 59.73 | 5.52 | 3.29 |
| Balaji Telefilms Limited | 0 | 84.04 | 2 | 51.22 | -7.96 | -4.09 |
Company information
Company profile
Incorporated in 2007, Sunshine Pictures Limited is a film-making company engaged in originating, developing, producing, creating, marketing, and distributing films, TV serials, and web series. The company leverages technology to generate content and has expertise in commercial films, handling everything from script development to production, intellectual property creation, rights monetization, and distribution. Sunshine Pictures has produced notable films such as 'Force', 'Commando', 'Holiday', 'Force 2', 'Commando 2', and 'The Kerala Story', achieving commercial success while addressing social themes. Its portfolio includes ten commercially successful films (six co-produced), two web series, two TV serials, and one short film, with ongoing projects including two movies with Jio Studios and a web series for Doordarshan. The company co-produces projects with established studios, balancing co-produced and standalone projects to manage risk and revenue. It maintains a presence on social media, with 162,960 YouTube subscribers, 9.18 crore views, and 104,500 Instagram and Facebook followers, generating additional revenue from content streaming. As of December 15, 2024, Sunshine Pictures employed 28 full-time staff.
Strengths
- Experienced Promoters & Management: The company is led by experienced promoters and senior management with strong knowledge of the film and entertainment industry.
- Established Industry Track Record: Sunshine Pictures has experience in producing commercially successful films and has built strong relationships across the entertainment industry.
- Differentiated Business Model: The company combines standalone productions with co-productions, helping manage project risks while exploring opportunities across films, television, and digital content.
Risk factors
- Unpredictable Audience Acceptance: The success of films, web series, and television shows depends on audience preferences. Poor response could negatively impact revenue and profitability.
- Limited Rights Ownership: The company's ability to earn from its content depends on the rights it owns or retains. Limited rights may reduce future monetization opportunities.
- Dependence on Box-Office Performance: A significant portion of revenue comes from film box-office collections. Weak performance of movies could adversely affect revenue and financial results.
Promoters
Vipul Amrutlal Shah
Shefali Vipul Shah
Aryaman Vipul Shah
Maurya Vipul Shah
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sunshine Pictures Ltd. A -102, 1st Floor, Bharat Ark, Azad Nagar, Veera Desai Road, Andheri (W), Mumbai, Maharashtra, 400053
+91 70390 02911
[email protected]Company website ↗Understanding SUNSHINE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.