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SUNSHINE PICTURES IPO

ALREADY DEPARTEDNSE, BSE · MAINBOARD · FILM PRODUCTION, DISTRIBUTION & EXHIBITION
INDICATIVE FARE / PRICE BAND
₹360
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 01 SEPT 2026, 11:31 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹360
LOT SIZE
41 SHARES
ISSUE SIZE
₹282.14 CR
MIN INVESTMENT
₹14,760 · 41 SHARES
P/E RATIO
23.7
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
18 AUG 26
✓ STOP CLEARED
CLOSES
20 AUG 26
✓ STOP CLEARED
ALLOTMENT
21 AUG 26
✓ STOP CLEARED
LISTING
25 AUG 26
✓ STOP CLEARED
ANCHOR BIDDING17 AUG 26REFUNDS INITIATED24 AUG 26SHARES IN DEMAT24 AUG 26ANCHOR LOCK-IN ENDS · 30 DAY20 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY19 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹396
DAY-1 LISTING GAIN
+9.97%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION105.81×
QIB123.52×
NII197.04×
SMALL HNI194.27×
BIG HNI198.42×
RETAIL56.6×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED141₹14,760
RETAIL · MAXIMUM · COMPUTED13533₹1,91,880
SMALL HNI · MINIMUM · AS PUBLISHED14574₹2,06,640
SMALL HNI · MAXIMUM · COMPUTED672,747₹9,88,920
BIG HNI · MINIMUM · AS PUBLISHED682,788₹10,03,680
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹360 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹172.8 CR
48,00,034 SHARES
OFFER FOR SALE
₹109.34 CR
30,37,157 SHARES
TOTAL SHARES OFFERED
78,37,191

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
15.19
EPS · POST-ISSUE
12.85
P/E RATIO
23.7
P/E · POST-ISSUE
28.02
RONW
32.8%
ROCE
41.23%
ROE
39.24%
PAT MARGIN
33.35%
EBITDA MARGIN
49.12%
PRICE / BOOK
9.03
NAV PER SHARE
₹39.88
DEBT / EQUITY
0.11
MARKET CAP
₹1,121.36 CR
FIGURES STATED AS OF 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS97.38131.28179.64
TOTAL INCOME139.46105.876.27
PROFIT AFTER TAX53.3534.4640.02
EBITDA73.9750.7658.55
NET WORTH70.6105.07145.13
RESERVES AND SURPLUS70.4778.72118.79
TOTAL BORROWING16.6711.169.09
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Sunshine Pictures · THIS ISSUER15.1915.1955.0827.58Consolidated
Panorama Studios International0.60.68.47817.16Consolidated
Baweja Studios3.293.2959.738.685.520.47Consolidated
Balaji Telefilms-4.09-4.0951.22-7.961.65Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

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. In case the net worth is negative for a particular year, the same has not been considered.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding the working capital requirements of the Company112.5
General Corporate Purposes
INR CR 112.5 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
23,51,140
SHARES
QIB
15,67,436
Not more than 50% of the Net Offer
NII (HNI)
11,75,592
Not less than 15% of the Net Offer
SNII
3,91,864
SHARES
BNII
7,83,728
SHARES
RETAIL
27,43,023
Not less than 35% of the Net Offer
78,37,191 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, Maurya Vipul Shah
HOLDING PRE-ISSUE
100%
HOLDING POST-ISSUE
74.84%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
GYR Capital Advisors Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Bigshare Services Pvt.Ltd.
PHONE
8657578989/8069219065/8069219060
THE COMPANY
PHONE
+91 70390 02911
REGISTERED OFFICE
A -102, 1st Floor, Bharat Ark, Azad Nagar, Veera Desai Road, Andheri (W), Mumbai, Maharashtra, 400053
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Sunshine Pictures IPO price band?+

The indicative price band is ₹360 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Sunshine Pictures IPO?+

One lot is 41 shares. At the upper band of ₹360, one lot works out to ₹14,760.

How many lots can a retail investor apply for in the Sunshine Pictures IPO?+

A retail application runs from 1 lot (41 shares, ₹14,760) up to 13 lots (533 shares, ₹1,91,880) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Sunshine Pictures IPO?+

A small-HNI (sHNI) application starts at 14 lots — 574 shares, ₹2,06,640. A big-HNI (bHNI) application starts at 68 lots — 2,788 shares, ₹10,03,680, above the ₹10 lakh boundary.

When does the Sunshine Pictures IPO open and close?+

The issue opened on 18 Aug 2026 and closed on 20 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Sunshine Pictures IPO allotment?+

Allotment is scheduled for 21 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Sunshine Pictures list?+

Listing took place on 25 Aug 2026 on NSE, BSE.

Where will Sunshine Pictures be listed?+

Sunshine Pictures is listed on NSE, BSE. It is a mainboard issue.

How large is the Sunshine Pictures IPO?+

The issue size is ₹282.14 Cr — a fresh issue of ₹172.8 cr and an offer for sale of ₹109.34 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Sunshine Pictures IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

How was the Sunshine Pictures IPO subscribed?+

The issue was subscribed 105.81× overall. By category: qib 123.52×, nii 197.04×, small hni 194.27×, big hni 198.42×, retail 56.6×. Subscription figures are as reported by the exchanges.

At what price did Sunshine Pictures list?+

Sunshine Pictures listed at ₹396, +9.97% against the issue price.

Who is the registrar for the Sunshine Pictures IPO?+

The registrar to the issue is Bigshare Services Pvt.Ltd. (8657578989/8069219065/8069219060), ipo@bigshareonline.com.

Where can I check the Sunshine Pictures IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipo.bigshareonline.com/IPO_Status.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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