Sunshine Pictures IPO- Complete Overview
Sunshine Pictures IPO is a Mainboard IPO with an issue size of Rs. 282.14 Cr by Sunshine Pictures Limited, which is a production firm that creates, develops, produces, markets, and distributes movies, TV shows, and online series.
The company is a technology-driven content developer with a focus on cutting-edge commercial films, including script development, production, creation of intellectual property, monetization of rights, and distribution.
With economic success and social relevance, the business has produced well-known films like "Force," "Commando," "Holiday," "Force 2," "Commando 2," and "The Kerala Story." Ten commercial films (six of which were co-produced), two web series, two TV serials, and one short film have all been created by the firm. At the moment, it is creating one web series for Doordarshan and co-producing two movies with Jio Studios.
The company works with respectable studios as a co-producer or as a standalone producer.
This new IPO is to be launched on 18 Aug 2026, and its ‘initial public offering’ will end on 20 Aug 2026.
Sunshine Pictures IPO Details
This Mainline IPO comprises a combination of a fresh issue of 0.48 crore shares (Rs. 172.80 Cr) and an offer for sale of 0.30 crore shares (Rs. 109.34 Cr). The Sunshine Pictures IPO listing date is 25 August 2026. The Sunshine Pictures IPO price is between Rs. 342 to Rs. 360 for each Share.
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
Indian media and entertainment (M&E) sector demonstrated substantial growth in CY 2025, increasing by INR 230 billion from INR 2.55 trillion in CY 2024 to INR 2.78 trillion in CY 2025, representing approximately 9.1% YoY growth. Between CY 2022 and CY 2026, the sector has expanded at a compound annual growth rate (CAGR) of approximately 6.3%, rising from INR 2.24 trillion to a projected INR 2.86 trillion.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
131.28 |
97.38 |
|
Total Income |
105.80 |
139.46 |
|
Profit After Tax |
34.46 |
53.35 |
|
EBITDA |
50.76 |
73.97 |
|
NET Worth |
105.07 |
70.60 |
|
Reserves and Surplus |
78.72 |
70.47 |
|
Total Borrowing |
11.16 |
16.67 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in lac)
|
Net Cash Flow In Multiple Activities |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
2,847.30 |
3,159.64 |
|
Net Cash Flow Investing Activities |
(1,080.90) |
(2,996.77) |
|
Net Cash Flow Financing Activities |
(735.47) |
(65.84) |
Revenue Bifurcation & Occupancy Rate
(Source RHP)
The Objective of the Issue
-
Funding the working capital requirements of the Company. ~ Rs. 940 Cr.
-
General Corporate Purposes.
Peers of Sunshine Pictures
|
Name of the Company |
Face Value (₹) |
EPS Basic (₹) |
P/E Ratio |
|
Panorama Studios International Ltd |
2 |
0.60 |
81.00 |
|
Baweja Studios Limited |
10 |
3.29 |
8.68 |
|
Balaji Telefilms Limited |
2 |
(4.09) |
NA |
Sunshine Pictures Limited Share Price
The Sunshine Pictures Limited share price will be available once it is listed on the stock exchange like BSE, NSE.
Evaluation of P/E Ratio
Considering the period ended FY26 with an EPS of Rs. 15.19 from the last year, the resulting P/E ratio is 23.69x.
The Lalithaa Jewellery Mart IPO application will be available from 17 August 2026.
Sunshine Pictures IPO Valuation
|
Particulars |
Value |
|
ROE |
31.99% |
|
ROCE |
36.20% |
|
Debt/Equity |
0.06 |
|
RoNW |
27.58% |
|
PAT Margin |
53.77% |
|
EBITDA Margin |
78.65% |
IPO's Strengths
-
Senior Management team support from seasoned promoters, a proven track record, and enduring connections in the sector
-
Unique and Sturdy Business Model.
-
High standards of quality.
IPO’s Weaknesses
-
The company is highly dependent on box office success, particularly for standalone productions. Audience preferences are unpredictable, and not all projects achieve the desired commercial outcomes.
-
Sunshine Pictures primarily focuses on the Indian market, with only a nascent presence internationally.
-
Its global distribution networks remain underdeveloped, and brand recognition outside India is relatively low.
-
While Sunshine Pictures is embracing digital transformation, it is still in the early stages of adopting advanced technologies such as AR/VR.
Sunshine Pictures IPO GMP Today
Horizon IPO GMP is Rs. 0 as of August 13, 2026, when this information was written. With the upper price band of Rs. 360, Shiprocket IPO's estimated listing price is Rs. 380. The expected listing gain/loss per share is 5.56%.
Sunshine Pictures Limited IPO Timetable (Tentative)
The Sunshine Pictures IPO date is from 18 Aug to 20 Aug. With IPO allocation on Aug 21, refund initiation on Aug 24, and listing on Aug 25, 2026.
|
Events |
Date |
|
IPO Opening Date |
18 Aug 2025 |
|
IPO Closing Date |
20 Aug 2025 |
|
IPO Allotment Date |
21 Aug 2025 |
|
Refund Initiation |
24 Aug 2025 |
|
IPO Listing Date |
25 Aug 2025 |
IPO Other Details
|
IPO Opening & Closing Date |
18 Aug 2026 to 20 Aug 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 342 to Rs. 360 |
|
Lot Size |
41 Shares |
|
Issue Size |
78,37,191 shares (Rs. 282 Cr) |
|
Offer for Sale |
30,37,157 shares (Rs. 109 Cr) |
|
Fresh Issue |
48,00,034 shares (Rs. 173 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Sunshine Pictures IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (41 Shares) amounting to Rs. 14760 and 13 Lots (533 Shares) for Rs. 1,91,880, respectively, while for HNI investors, the minimum Lot is 14 (574 Shares) amounting to Rs. 2,06,640.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
67 Lots |
|
B-HNI (Minimum) |
68 Lots |
IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Sunshine Pictures Ltd.
-
Vipul Amrutlal Shah
-
Shefali Vipul Shah
-
Aryaman Vipul Shah
-
Maurya Vipul Shah.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
74.84% |
IPO Lead Managers
- GYR Capital Advisors Pvt. Ltd.
Dividend Policy
The company has paid a dividend of Rs. 5 per Share in FY24.
Conclusion
Through a reputable film and digital content production firm, the Sunshine Pictures IPO gives investors a chance to get involved in India's expanding media and entertainment industry. The company's growth forecast is supported by strong profitability ratios, an experienced management team, and a diverse content library; but box office dependence and limited worldwide reach continue to be major threats.
Other Open Mainboard IPOs 2026
Shiprocket IPO
Shiprocket IPO GMP is Rs. 34, showing a gain of 35.05% as of 13 Aug 2026.
Dhoot Transmission IPO
Dhoot Transmission IPO was open from 10-12 August 2026.
Molbio Diagnostics IPO
Molbio Diagnostics IPO was open from 10-12 August 2026.
Ardee Industries Share Price
Ardee Industries Share Price was Rs. 67.1 as of 12 August 2026.
Milky Mist IPO
Milky Mist Dairy IPO is open from 11-13 August 2026.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to provide all the required details about the company you should know before applying for the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To read the Prospectus of the company, click here to download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
