Sunshine Pictures IPO: dates, price band, lot size and GMP
Sunshine Pictures IPO listed on 25 Aug at ₹396 (NSE, BSE). Issue dates 18 – 20 Aug 2026, price band ₹360, lot 41 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Sunshine Pictures listed on 25 Aug 2026 on NSE, BSE at ₹395.90, +₹35.90 (+10.0%) against the ₹360 upper band. Sunshine Pictures IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Sunshine Pictures IPO has a price band of ₹360, a lot of 41 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 18 – 20 Aug 2026 |
| Price band | ₹360 |
| Lot size | 41 shares |
| Issue size | ₹282.14 Cr |
| Fresh issue | ₹172.8 Cr |
| Offer for sale | ₹109.34 Cr |
| Subscription | 105.81x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | GYR Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 18 Aug
- Issue closes: 20 Aug
- Allotment: 21 Aug
- Refunds: 24 Aug
- Demat credit: 24 Aug
- Listing: 25 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 123.52x |
| NII | 197.04x |
| sNII | 194.27x |
| bNII | 198.42x |
| Retail | 56.6x |
| Total | 105.81x |
Last updated 20 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹1,121.36 Cr |
| P/E (pre-issue) | 23.7x |
| P/E (post-issue) | 28.02x |
| Fresh issue (shares) | 48,00,034 |
| Offer for sale (shares) | 30,37,157 |
| Total shares offered | 78,37,191 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 74.84% |
| Promoters | Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, Maurya Vipul Shah |
| Lead managers | GYR Capital Advisors Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | sunshinepictures.in |
| Anchor bid date | 17 Aug 2026 |
| Anchor lock-in ends (50%) | 20 Sep 2026 |
| Anchor lock-in ends (remaining) | 19 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 41 | ₹14,760 |
| Retail (maximum) | 14 | 574 | ₹2,06,640 |
| sNII (minimum) | 14 | 574 | ₹2,06,640 |
| bNII (minimum) | 68 | 2,788 | ₹10,03,680 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 23,51,140 | |
| QIB | 20% | 15,67,436 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 11,75,592 | Not less than 15% of the Net Offer |
| sNII | 5% | 3,91,864 | |
| bNII | 10% | 7,83,728 | |
| Retail | 35% | 27,43,023 | Not less than 35% of the Net Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 18 Aug | 0.03x | 6.23x | 9.34x | 4.67x | 5.99x | 4.34x |
| Day 2 · 19 Aug | 0.14x | 35.59x | 48.63x | 29.07x | 21.61x | 18.47x |
| Day 3 · 20 Aug | 123.52x | 197.04x | 194.27x | 198.42x | 56.60x | 105.81x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹15.19 |
|---|---|
| EPS (post-issue) | ₹12.85 |
| P/E (pre-issue) | 23.7x |
| P/E (post-issue) | 28.02x |
| RoNW | 32.8% |
| RoCE | 41.23% |
| RoE | 39.24% |
| PAT margin | 33.35% |
| EBITDA margin | 49.12% |
| Price / book | 9.03x |
| NAV per share | ₹39.88 |
| Debt / equity | 0.11 |
| Market cap (upper band) | ₹1,121.36 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 179.64 | 131.28 | 97.38 | +36.8% |
| Total Income | 76.27 | 105.8 | 139.46 | −27.9% |
| Profit After Tax | 40.02 | 34.46 | 53.35 | +16.1% |
| EBITDA | 58.55 | 50.76 | 73.97 | +15.3% |
| NET Worth | 145.13 | 105.07 | 70.6 | +38.1% |
| Reserves and Surplus | 118.79 | 78.72 | 70.47 | +50.9% |
| Total Borrowing | 9.09 | 11.16 | 16.67 | −18.5% |
About Sunshine Pictures
Sunshine Pictures Limited is an entertainment content production company involved in the development, production, marketing, and distribution of films, television shows, and web-based content across multiple platforms. The company focuses on creating commercially viable and technology-driven content, managing the entire value chain from concept development and script creation to production, intellectual property ownership, content monetization, and distribution. Over the years, Sunshine Pictures has built a portfolio of successful projects, including films such as Force , Commando , Holiday , Force 2 , Commando 2 , and The Kerala Story .
These productions have gained recognition for their commercial performance as well as their socially relevant themes. To date, the company has produced ten feature films, including six co-productions, along with two web series, two television serials, and a short film. It is currently involved in the co-production of two films in collaboration with Jio Studios and is producing a web series for Doordarshan. Sunshine Pictures adopts a flexible production strategy, undertaking projects independently as well as through partnerships with established studios and production houses.
This balanced approach enables the company to optimize risk exposure while enhancing revenue opportunities, particularly in large-budget productions. The company also maintains a strong digital presence through platforms such as YouTube, Instagram, and Facebook. Its online audience base contributes to brand visibility and provides additional revenue opportunities through content streaming and digital engagement. As of December 15, 2024, Sunshine Pictures employed 28 full-time professionals across its operations. Key Competitive Advantages Led by experienced promoters and supported by a skilled management team with deep industry expertise.
Strong track record of content creation backed by long-standing relationships within the entertainment ecosystem. Well-diversified and scalable business model covering content creation, production, ownership, and monetization. Commitment to maintaining high production standards and delivering quality entertainment content.
Objects of the issue
- Funding the working capital requirements of the Company — ₹112.5 Cr
- General Corporate Purposes
Net proceeds: ₹112.5 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sunshine Pictures (issuer) | 15.19 | 15.19 | 55.08 | — | 27.58% | — | Consolidated |
| Panorama Studios International | 0.6 | 0.6 | 8.47 | 81x | 7.1% | 6 | Consolidated |
| Baweja Studios | 3.29 | 3.29 | 59.73 | 8.68x | 5.52% | 0.47 | Consolidated |
| Balaji Telefilms | −4.09 | −4.09 | 51.22 | — | −7.96% | 1.65 | Consolidated |
Note: NAV is computed as the closing net worth divided by the closing outstanding number of equity shares as on March 31, 2026. P/E Ratio has been computed based on the closing market price of the Equity Shares as on July 24, 2026 on www.bseindia.com,and / www.nseindia.com (depending on the SE where the company is listed) divided by the diluted EPS as on March 31, 2026. RONW is computed as net profit after tax divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Sunshine Pictures IPO open and close?
The issue is scheduled for 18 – 20 Aug 2026.
What is the Sunshine Pictures IPO price band?
The price band is ₹360 per share with a lot size of 41 shares.
How big is the Sunshine Pictures IPO?
The total issue size is ₹282.14 Cr, of which ₹172.8 Cr is a fresh issue and ₹109.34 Cr an offer for sale.
When will Sunshine Pictures list?
The tentative listing date is 25 Aug on the main board.
How do I apply for the Sunshine Pictures IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Sunshine Pictures · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Sunshine Pictures · as filed · sebi.gov.in
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 21 Aug · ipo.bigshareonline.com
- NSE public issues page · listing 25 Aug · nseindia.com
- BSE public issues page · listing 25 Aug · bseindia.com
- Sunshine Pictures company website · sunshinepictures.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 25 Aug, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Sunshine Pictures IPO”, https://buyunlistedshares.com/ipo/sunshine-pictures-ipo, as of 17 Oct 2026.
Other IPOs on the calendar
- Zetwerk IPO · 15 – 19 Oct 2026
- Bonfiglioli Transmissions IPO · 15 – 19 Oct 2026
- Tonbo Imaging India IPO · 15 – 19 Oct 2026
- Shellz India IPO · 15 – 19 Oct 2026
- Sahajanand Medical Technologies IPO · 15 – 19 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Paras Healthcare IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Our notes on this IPO
- Read our note: Sunshine Pictures IPO 2026: Price Band, Dates, Lot Size & Key Details
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
