TV serial, and web series production company has announced its IPO. The company aims to raise ₹282.14 Cr. through this IPO. The Sunshine Pictures IPO will open for subscription on August 18, 2026, and close on August 20, 2026.
Sunshine Pictures IPO is a book build issue of 78,37,191 shares (₹282.14 Cr.). The issue is a combination of a fresh issue of 48,00,034 shares (₹172.80 Cr.) and an offer for sale of 30,37,157 shares (₹109.34 Cr.).
The price band for Sunshine Pictures IPO is ₹342 to ₹360 per share. The minimum application size is 1 lot (41 shares), requiring a retail investor to invest at least ₹14,760 (based on the upper price band).
Sunshine Pictures IPO GMP
| Date | Price | GMP |
|---|---|---|
| 12/08/2026 | ₹360 | ₹0 |
Sunshine Pictures IPO Subscription
| Category | Day 1 |
|---|---|
| QIB | 0.00x |
| NII | 0.00x |
| RII | 0.00x |
| Total | 0.00x |
Sunshine Pictures IPO Details
| Open Date | August 18, 2026 |
| Close Date | August 20, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹342.00 – ₹360 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹282.14 Cr. (78,37,191 Shares) |
| Fresh Issue | ₹172.80 Cr. (48,00,034 Shares) |
| Offer For Sale | ₹109.34 Cr. (30,37,157 Shares) |
| Prospectus | RHP | Anchor Investors |
Sunshine Pictures IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 50.00% | 39,18,595 |
| NII | 15.00% | 11,75,579 |
| RII | 34.00% | 27,43,017 |
| Total | 100.00% | 78,37,191 |
Sunshine Pictures IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 41 | ₹14,760 |
| Retail Maximum | 13 | 533 | ₹1,91,880 |
| S-HNI Minimum | 14 | 574 | ₹2,06,640 |
| S-HNI Maximum | 67 | 2,747 | ₹9,88,920 |
| B- HNI Minimum | 68 | 2,788 | ₹10,03,680 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹1,121.36 Cr. |
| P/E Ratio | 27.52x |
| EPS | ₹13.08 |
| ROE | 31.99% |
| ROCE | 36.20% |
| RoNW | 27.58% |
| Dept/Equity | 0.06 |
| EBITDA Margin | 78.65% |
| PAT Margin | 53.77% |
| Net Assets Value | ₹55.08 |
| Price To Book Value | 6.54x |
Sunshine Pictures IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Panorama Studios International | 81.00x | ₹0.60 | 7.10% | ₹8.47 |
| Baweja Studios | 8.68x | ₹3.29 | 5.52% | ₹59.73 |
| Balaji Telefilms | — | ₹-4.09 | -7.96 | ₹51.22 |
Sunshine Pictures IPO Dates
| Open Date | August 18, 2026 |
| Close Date | August 20, 2026 |
| Allotment Date | August 21, 2026 |
| Refund Date | August 24, 2026 |
| Share Credit Date | August 24, 2026 |
| Listing Date | August 25, 2026 |
Sunshine Pictures Limited Company Financial Report
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 Standalone | ₹179.64 Cr. | ₹76.27 Cr. | ₹21.90 Cr. | ₹145.13 Cr. | ₹40.02 Cr. | ₹58.55 Cr. | ₹118.79 Cr. | ₹9.10 Cr. |
| March 2025 Consolidated | ₹131.28 Cr. | ₹105.80 Cr. | ₹59.59 Cr. | ₹105.07 Cr. | ₹34.46 Cr. | ₹50.76 Cr. | ₹78.72 Cr. | ₹11.16 Cr. |
| March 2024 Consolidated | ₹97.38 Cr. | ₹139.46 Cr. | ₹68.40 Cr. | ₹70.68 Cr. | ₹53.35 Cr. | ₹73.97 Cr. | ₹70.47 Cr. | ₹16.67 Cr. |
Company Promoters
- Vipul Amrutlal Shah
- Shefali Vipul Shah
- Aryaman Vipul Shah
- Maurya Vipul Shah
| Holding Pre Issue | 2,63,48,750 Shares | 100.00% |
| Holding Post Issue | 3,11,48,784 Shares | 74.84% |
Sunshine Pictures IPO Lead Managers
- GYR Capital Advisors Private Limited
Sunshine Pictures IPO Registrar
Bigshare Services Private Limited
Telephone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
About Sunshine Pictures Limited
Founded in Year 2007. The company is a technology-driven content creator, specializing in multi-format commercial films, with an emphasis on innovation in storytelling and production techniques.
His company utilizes a fully digitized workflow from script development to post-production, ensuring seamless integration of creative and technical processes. They utilize industry-standard digital tools for script breakdown, budgeting, scheduling, and production planning, improving project efficiency and cost control.
In the post-production phase, they utilize advanced technologies such as digital intermediate (DI) color grading, high-resolution editing suites, Dolby Atmos sound mixing, and an advanced visual effects (VFX) pipeline. These tools help them achieve cinematic quality standards comparable to the world’s leading studios, while also ensuring consistency and scalability across projects.
Additionally, their project evaluation process is supported by a data-driven approach. They incorporate insights from audience analytics, genre-specific performance trends, regional and linguistic viewership preferences, and OTT consumption data to inform greenlighting decisions. This analytical framework helps them assess commercial viability and audience alignment prior to content development, improving predictability of success and optimizing resource allocation.
Their technology-first approach not only improves production quality but also positions them to respond quickly to the changing demands of the industry.
As part of their business process, they undertake script research and development, end-to-end content production, intellectual property creation, rights monetization, and distribution. Their proven track record of creating high-quality and commercially successful content has earned them credibility and repeated collaborations with major industry players. They believe that their company has built strong relationships with top studios, talent agencies, and creative professionals. They strive to consistently deliver high-quality, multi-faceted content to the industry and their large audience, while also promoting newcomers—actors, composers, directors, and others—who have the potential to contribute to the Indian film industry.
Company Strengths (In Details)
- Experienced Promoters supported by Senior Management team:
- It is led by its promoter and managing director, Vipul Amrutlal Shah, who has over 25 years of experience in the film industry and is a renowned film producer and director of films, TV serials, and web shows. His directorial debut in the Hindi film industry was with “Aankhen,” one of the blockbuster hits of 2002. This was followed by numerous box office hits such as “Waqt: The Race Against Time,” “Namaste London,” “London Dreams,” and his production, “Singh Is Kinng.” Under Vipul Amrutlal Shah’s leadership, the company believes it has established itself as a renowned production house that delivers content that enriches the lives of its audiences and sets new benchmarks in storytelling.
- Established Track Record and long-standing relationships in the industry:
- It is a production house engaged in the production and distribution of films and web series. Since its inception, it has created significant works in modern Indian cinema. Its first production under its banner, “Force,” was a box office hit. Since then, it has produced and distributed distinctive, commercially and socially relevant films such as “Commando: A One-Man Army,” “Holiday: A Soldier Is Never Off Duty,” “Force,” “Force 2,” “Commando 2: The Black Money Trail,” “Human (web series),” “The Kerala Story,” “The Kerala Story 2 Goes Beyond,” and more.
- Differentiated and Robust Business Model:
- His company is in the business of creating, developing, producing, and marketing motion pictures and audio-visual content. They do this in a way that maximizes revenue from a single film, while controlling costs throughout the film production value chain, thereby minimizing commercial risk and optimizing profits.
- High-quality standards:
- The company is a technology-driven content creator, specializing in multi-format commercial films with an emphasis on innovation in storytelling and production techniques (Source: D&B Report). Our commitment to quality and the use of technology, particularly in post-production, has resulted in a high-quality filmography that has been recognized by industry peers and talent, making us the preferred production house for some of the country’s top studios.
Objects Of The Issue (In Details)
- To meet Working Capital Requirement: (Estimated Amount ₹940.00 Cr.)
- They require working capital to manage day-to-day operations and support their dynamic production cycles. The film production industry involves substantial upfront costs, including payments to cast and crew, location rentals, production equipment, and other pre-release expenses, often incurred well before revenue is realized. Furthermore, the company offers credit periods to distributors and OTT platforms, resulting in higher trade receivables. The growing scale of operations, coupled with numerous ongoing projects, requires additional working capital to ensure smooth production schedules and timely releases. Additionally, strategic investments in inventory, such as completed but unreleased films and projects in progress, further increase the working capital requirement. Additionally, as of today, he is co-producing his film “Hisab” with Jio Studios (Reliance Industries Limited), which is in post-production and scheduled for release in fiscal 2027. He is also solo producing (1) commercial film, scheduled for release in fiscal 2027, tentatively titled “Samuk,” and a web series for Amazon Seller Services Private Limited, tentatively titled “Nanavati vs Nanavati.” He recently launched two verticals, Sunshine Music and Sunshine Digital (Originals). Currently, he is live on his YouTube channel with (36) original music videos and his first digital web series, “Bawra Mann.” Additionally, he has (6) films and (2) web series in the pipeline for production.
- General Corporate Purposes:
- Strategic initiatives, partnerships, joint ventures and acquisitions;
- Funding Growth opportunities;
- Brand building and strengthening of promotional & marketing activities;
- Repayment of the borrowings, other than repayment to Promoter/Promoter Group, as may be required; and
- On-going general corporate exigencies or any other purposes as approved by the Board subject to compliance with the necessary regulatory provisions.
Company Address
Sunshine Pictures Limited
Address: A -102, 1st Floor, Bharat Ark, Azad Nagar,
Veera Desai Road, Andheri (W), Mumbai, Maharashtra, 400053
Telephone: +91 70390 02911
Email: compliance@sunshinepictures.in
Website: https://www.sunshinepictures.in/
Sunshine Pictures IPO FAQs
What are the open and close dates of the Sunshine Pictures IPO?
The IPO will open on August 18, 2026 and will close on August 20, 2026.
What is the price band for Sunshine Pictures IPO?
The price band for the IPO is fixed at ₹342 to ₹360 per share.
What is the issue size of the Sunshine Pictures IPO?
The total issue size of the IPO is ₹282.14 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Sunshine Pictures IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 41 Shares with ₹14,760 amount while the maximum bid is 13 Lot, 533 shares with ₹1,91,880 for the IPO.
What is Sunshine Pictures IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the Sunshine Pictures IPO be finalized?
The the IPO allotment is expected to be finalized on August 21, 2026.
When will the shares of Sunshine Pictures IPO get listed?
The IPO shares are expected to be listed on the BSE and NSE on August 25, 2026.
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| IPO GMP Check Here |
| IPO Subscription Check Here |
| IPO Allotment Check Here |
| IPO Listing Check Here |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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