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Sun, 16 Aug 2026
06:56:41 am
Sun, 16 Aug 2026
06:56:41 am
Synopsis
Sunshine Pictures IPO opens on August 18, 2026, with a ₹282.14 crore issue at ₹342 to ₹360 per share. Check IPO details, GMP, financials, lot size, valuation, and listing date.
Sunshine Pictures IPO is set to open for subscription on August 18, 2026, and close on August 20. The ₹282.14 crore bookbuilding IPO comprises a fresh issue of 48 lakh shares worth ₹172.80 crore and an offer for sale of 30.37 lakh shares worth ₹109.34 crore. The price band is ₹342 to ₹360 per share, while the IPO is proposed to list on BSE and NSE on August 25.
The company operates in film production, television and web content, with projects spanning production, marketing, distribution and intellectual property monetisation. The minimum retail application is 41 shares, requiring ₹14,760 at the upper price band. The latest GMP is ₹50, indicating an estimated listing price of ₹410 and an indicative gain of 13.89%.
| IPO metric | Details |
|---|---|
| IPO size | ₹282.14 crore |
| Fresh issue | ₹172.80 crore |
| Offer for sale | ₹109.34 crore |
| Price band | ₹342 to ₹360 |
| Face value | ₹10 |
| Lot size | 41 shares |
| Retail minimum investment | ₹14,760 |
| Market cap at upper price | ₹1,121.36 crore |
| Issue type | Bookbuilding IPO |
| Listing | BSE, NSE |
| IPO opens | August 18, 2026 |
| IPO closes | August 20, 2026 |
| Allotment | August 21, 2026 |
| Listing | August 25, 2026 |
The latest Sunshine Pictures IPO GMP is ₹50, updated on August 15, 2026. At the upper price band of ₹360, the GMP implies an estimated listing price of ₹410 and an indicative gain of 13.89%.
| GMP DateIPO PriceGMPSubscriptionEstimated Listing PriceEstimated Profit per Lot | |||||
|---|---|---|---|---|---|
| 15 Aug 2026 | ₹360 | ₹50 ➖ | - | ₹410 (13.89%) | ₹2,050 |
| 14 Aug 2026 | ₹360 | ₹50 △ | - | ₹410 (13.89%) | ₹2,050 |
| 13 Aug 2026 | ₹360 | ₹30 △ | - | ₹390 (8.33%) | ₹1,230 |
| 12 Aug 2026 | ₹360 | ₹17 △ | - | ₹377 (4.72%) | ₹697 |
| 11 Aug 2026 | ₹360 | ₹0 ➖ | - | ₹360 (0.00%) | ₹0 |
GMP is indicative and does not guarantee the actual listing price.
Sunshine Pictures was incorporated in 2007 and is engaged in originating, developing, producing, marketing and distributing films, TV serials and web series.
The company has produced films including Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. It has also produced web series, television serials and short films.
The company has produced 10 commercial films, including six co-produced films, along with two web series, two TV serials and one short film. It is currently involved in film and web-series projects.
The latest consolidated financial figures provided show total income of ₹105.80 crore in FY25, compared with ₹139.46 crore in FY24. Profit after tax stood at ₹34.46 crore in FY25, compared with ₹53.35 crore in FY24.
| Financial metric | FY24 | FY25 |
|---|---|---|
| Total assets | ₹97.38 crore | ₹131.28 crore |
| Total income | ₹139.46 crore | ₹105.80 crore |
| Profit after tax | ₹53.35 crore | ₹34.46 crore |
| EBITDA | ₹73.97 crore | ₹50.76 crore |
| Net worth | ₹70.60 crore | ₹105.07 crore |
| Total borrowing | ₹16.67 crore | ₹11.16 crore |
The company plans to use ₹112.50 crore from the IPO proceeds for working capital requirements. The remaining proceeds are intended for general corporate purposes.
| IPO object | Amount |
|---|---|
| Working capital requirements | ₹112.50 crore |
| General corporate purposes | Balance |
| Total stated amount | ₹112.50 crore |
At the upper price band, the IPO has a post-issue P/E of 32.55 times. The company reported ROE of 31.99%, ROCE of 36.20% and debt-to-equity of 0.06.
| Valuation metric | Figure |
|---|---|
| EPS pre-IPO | ₹13.08 |
| EPS post-IPO | ₹11.06 |
| P/E pre-IPO | 27.52x |
| P/E post-IPO | 32.55x |
| Market cap at offer price | ₹1,121.36 crore |
| ROE | 31.99% |
| ROCE | 36.20% |
| Debt/Equity | 0.06 |
| NAV | ₹55.08 |
| Price to book | 6.54x |
Promoter and promoter group holding is expected to fall from 100% before the IPO to 74.84% after the issue, while public shareholding is expected to stand at 25.16%.
| Shareholder category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter and promoter group | 100% | 74.84% |
| Public | 0% | 25.16% |
| Total | 100% | 100% |
Sunshine Pictures is entering the market with a ₹282.14 crore IPO, combining fresh capital with an offer for sale. The company has a presence across films, television and web content, while its financials show lower total income and profit in FY25 compared with FY24.
The latest GMP of ₹50 points to an estimated listing price of ₹410, but investors should also consider the IPO valuation, earnings trend, content business risks and the use of fresh issue proceeds before making an investment decision.
Sunshine Pictures IPO is a mainboard bookbuilding IPO of ₹282.14 crore. The issue includes a fresh issue of ₹172.80 crore and an offer for sale of ₹109.34 crore.
The IPO will open for subscription on August 18, 2026.
The IPO will close on August 20, 2026.
The price band has been fixed at ₹342 to ₹360 per share.
The lot size is 41 shares. Investors must apply for at least one lot.
At the upper price band of ₹360, the minimum retail investment is ₹14,760 for 41 shares.
The tentative listing date is August 25, 2026, on both NSE and BSE.
The total IPO size is ₹282.14 crore, comprising a fresh issue of ₹172.80 crore and an offer for sale of ₹109.34 crore.
The company plans to use ₹112.50 crore from the issue proceeds to fund its working capital requirements. The remaining amount is intended for general corporate purposes.
Yes. Sunshine Pictures reported a profit after tax of ₹34.46 crore in FY25, compared with ₹53.35 crore in FY24. The company also reported an EBITDA of ₹50.76 crore in FY25.
For FY25, the company reported ROE of 31.99%, ROCE of 36.20%, RoNW of 27.58%, PAT margin of 53.77% and EBITDA margin of 78.65%.
The company's total borrowings stood at ₹11.16 crore in FY25, down from ₹16.67 crore in FY24. Its debt to equity ratio was 0.06 in FY25.
At the upper price band of ₹360, the post IPO market capitalisation is estimated at ₹1,121.36 crore. The post IPO P/E is 32.55 times based on the supplied IPO details.
The latest supplied GMP is ₹50 against the upper price band of ₹360. This indicates an estimated listing price of ₹410 and an indicative gain of 13.89%. GMP is only an indication and does not guarantee the actual listing price.
Sunshine Pictures is a film and content production company involved in film production, TV serials, web series, marketing, distribution and monetisation of content rights. It has produced films including Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story.
The promoters are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah.
The supplied IPO review describes the issue as aggressively priced, while also noting the company's project strategy and profitability. The IPO has strong reported margins and low debt, but investors should also consider the company's declining revenue trend and the valuation before applying.
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