Sunshine Pictures IPO Review: Price Band, GMP, Financials, Lot Size & Key Dates

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Sunshine Pictures Limited IPO
SP
Sunshine Pictures Limited IPO
Film Production & Distribution · Web Series & TV Content · Rights Monetization · Media & Entertainment
📋 Mainline IPO Fresh + OFS NSE, BSE
₹360
Upper Price
₹282.14 Cr
Issue Size
Aug 25, 2026
Listing Date
₹949.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Tuesday, 18 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 20 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 21 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 24 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 25 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date18 August 2026 (Tue)
IPO Close Date20 August 2026 (Thu)
Listing Date25 August 2026 (Tue)
Face Value₹10 per share
Price Band₹342 to ₹360
Issue Price (Upper Band)₹360 per share
Issue TypeBook Build — Fresh + OFS
Lot Size41 shares
Total Issue Size78,37,191 shares (₹282.14 Cr)
Fresh Issue48,00,034 shares (₹172.80 Cr)
Offer for Sale (OFS)30,37,157 shares (₹109.34 Cr)
Pre-Issue Shares2,63,48,750
Post-Issue Shares3,11,48,784
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹949.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerGYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹360
Investor TypeLotsSharesAmount
Retail — Minimum141₹14,760
Retail — Maximum13533₹1,91,880
S-HNI (sNII) — Min14574₹2,06,640
S-HNI (sNII) — Max672,747₹9,88,920
B-HNI (bNII) — Min682,788₹10,03,680
⚠️ Note: Investors can bid for a minimum of 41 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets179.64131.2897.38
Total Income76.27105.80139.46
PAT40.0234.4653.35
EBITDA58.5550.7673.97
Net Worth145.13105.0770.60
Reserves & Surplus118.7978.7270.47
Total Borrowing9.0911.1616.67
Income Growth
FY 2023–24₹139.46 Cr
FY 2024–25₹105.80 Cr
FY 2025–26₹76.27 Cr
🎯 Key Performance Indicators
31.99%
ROE
FY 2025–26
0.06
Debt/Equity
FY 2025–26
36.20%
ROCE
FY 2025–26
53.77%
PAT Margin
FY 2025–26
78.65%
EBITDA Margin
FY 2025–26
27.58%
RoNW
FY 2025–26
6.54x
Price/Book
FY 2025–26
55.08
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹13.08
FY26 earnings + pre-issue shares
P/E: 27.52x
Post-IPO EPS
₹11.06
FY26 earnings + post-issue shares
P/E: 32.55x
Price to Book Value
6.54x
At upper price band ₹360
Market Cap (Pre-IPO)
₹949.00 Cr
At issue price ₹360
ℹ️ Pre-IPO EPS (₹13.08) based on pre-issue shares (2,63,48,750) and FY26 earnings. Post-IPO EPS (₹11.06) accounts for the dilution resulting from the issuance of 48,00,034 fresh equity shares extending the total post-issue equity to 3,11,48,784 shares. Post-IPO Market Cap expands to ₹1,121.36 Cr.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding the working capital requirements of the Company
₹940.00 Mn
2
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹172.80 Cr
🏢 About Sunshine Pictures Ltd.
Est. 2007 · Mumbai, Maharashtra · Media & Entertainment

Sunshine Pictures Limited, incorporated in 2007, is a premier Indian production and entertainment company engaged in originating, developing, producing, marketing, and distributing commercial feature films, television serials, and web series across theatrical and digital OTT platforms.

The company specializes in commercial cinema with notable blockbusters including ‘Force’, ‘Commando’, ‘Holiday’, ‘Force 2’, ‘Commando 2’, and ‘The Kerala Story’. Operating through both standalone and co-production frameworks with studios like Jio Studios and broadcasters like Doordarshan, Sunshine Pictures leverages a strong digital footprint of over 9.18 crore YouTube views to drive intellectual property creation and global distribution.

Brand Ecosystem
🎬
Feature Film Production
Hit commercial franchises like Force, Commando, Holiday, and The Kerala Story
📺
Web Series & TV
Original digital series and television projects collaborating with major streaming partners
🤝
Studio Co-Productions
Strategic production alignments with top studios like Jio Studios to balance risk
📱
Digital & Social Reach
Multi-channel presence with 162K+ YouTube subscribers and 9.18+ crore views
Competitive Strengths
🏆Experienced Promoters and senior management team with decades of cinematic expertise
🎮Established track record and long-standing relationships across the film and OTT industry
⚙️Differentiated and robust business model balancing standalone and co-produced releases
💰Strong financial health with minimal debt (0.06 Debt/Equity) and 53.77% PAT margin in FY26
Company Promoters
VS
Vipul Amrutlal Shah & Shefali Vipul Shah
Promoters, Sunshine Pictures Ltd.
AS
Aryaman Vipul Shah & Maurya Vipul Shah
Promoters, Sunshine Pictures Ltd.
📅 Key Dates
IPO Opens18 Aug 2026
IPO Closes20 Aug 2026
Allotment21 Aug 2026
Refund & Share Credit24 Aug 2026
Listing Day25 Aug 2026
💡 Quick Summary
Price Band₹342 – ₹360
Upper Price₹360 / share
Lot Size41 shares
Min. Investment (Retail)₹14,760
Issue Size₹282.14 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 022-62638200
[email protected]
Lead Manager
GYR Capital Advisors Pvt.Ltd.
📍 Registered Address
Sunshine Pictures Ltd.
A -102, 1st Floor, Bharat Ark, Azad Nagar,
Veera Desai Road, Andheri (W),
Mumbai, Maharashtra — 400053
📞 +91 70390 02911
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Sunshine Pictures IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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