Sunshine Pictures IPO 2026: Price Band, GMP, Subscription, Allotment, Financials & Key Details

The Sunshine Pictures IPO is scheduled to open for subscription on August 18, 2026, and will close on August 20, 2026. The company aims to raise ₹282.14 crore through a combination of a fresh issue of ₹172.80 crore and an offer for sale (OFS) of ₹109.34 crore.

The IPO price band has been fixed at ₹342 to ₹360 per share, and the minimum lot size is 41 shares. Retail investors will need a minimum investment of ₹14,760 at the upper price band.

Sunshine Pictures Limited is engaged in the film production, distribution and exhibition business and has produced films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. The company is also involved in producing television content and web series.

The shares of Sunshine Pictures are proposed to be listed on both the NSE and BSE, with the tentative listing date scheduled for August 25, 2026.

In this article, we'll cover the Sunshine Pictures IPO details, GMP, subscription status, financial performance, business model, strengths, risks, and whether investors should consider applying.

Sunshine Pictures IPO Details

Sunshine Pictures IPO Timeline

Sunshine Pictures Financial Performance

Sunshine Pictures has reported a decline in revenue and profitability between FY2024 and FY2025, while its net worth improved and borrowings declined.
 

The company's total income declined from ₹139.46 crore in FY2024 to ₹105.80 crore in FY2025, while PAT declined from ₹53.35 crore to ₹34.46 crore.

However, the company's net worth increased from ₹70.60 crore to ₹105.07 crore, while total borrowings declined from ₹16.67 crore to ₹11.16 crore.

Key Financial Ratios

The financials indicate strong return ratios and relatively low leverage. However, the decline in revenue, PAT, ROE and ROCE in FY2025 suggests that investors should monitor the company's earnings consistency and project pipeline.

Sunshine Pictures IPO GMP

As of August 11, 2026, the Sunshine Pictures IPO GMP is reported at ₹0.

Based on the current GMP of ₹0 and the upper IPO price band of ₹360, the estimated listing price is around ₹360, indicating a potential listing gain of 0%.

The GMP is an unofficial market indicator and may change significantly before the IPO listing. Investors should not use GMP as the sole basis for making an investment decision.

Sunshine Pictures IPO Subscription Status

The Sunshine Pictures IPO will open for subscription from August 18 to August 20, 2026.

The live subscription figures will be updated once bidding begins.

Investors can bid within the price band of ₹342–₹360 per share. The total issue size is ₹282.14 crore, comprising ₹172.80 crore fresh issue and ₹109.34 crore OFS.
 

Sunshine Pictures IPO Day-wise Subscription Trend

What is current subscription data for Sunshine Pictures?

The current subscription data for Sunshine Pictures will be updated based on the total number of shares offered compared with the total shares bid in each investor category.
Live bidding data will become available once the IPO opens on August 18, 2026.

Investors should monitor subscription data from the NSE and BSE during the IPO period to track demand from QIB, NII and retail investors.

What is Sunshine Pictures Ltd.?

Founded in 2007, Sunshine Pictures Limited is a film production and content creation company engaged in originating, developing, producing, marketing and distributing films, television serials and web series.

The company's business covers multiple stages of the entertainment value chain, including content development, film production, co-production, intellectual property creation, rights monetisation and distribution.

Sunshine Pictures has produced and co-produced several commercially recognised films, including Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story.

The company has produced 10 commercial films, including six co-produced films, along with two web series, two television serials and one short film.

Sunshine Pictures follows both standalone production and co-production models. Its co-production strategy allows the company to work with established production partners while sharing certain production and financial risks.

The company is also involved in projects with established entertainment partners and continues to expand its presence across television and digital content.

As of December 15, 2024, the company had 28 full-time employees.

Objects of the Sunshine Pictures IPO

The company plans to utilise the net proceeds from the fresh issue primarily for working capital requirements and general corporate purposes.

The working capital funds are expected to support the company's ongoing business requirements and content-related activities.

Competitive Strengths

Established presence in the Indian film industry.

Sunshine Pictures has an established track record of producing and co-producing commercial films and has worked across multiple formats.

Strong portfolio of recognised films.

The company has been associated with films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story.

Diversified content portfolio.

The company operates across films, television serials and web series, providing multiple avenues for content creation and monetisation.

Co-production capabilities.

The company uses both standalone and co-production models, allowing it to participate in projects of different scales.

Healthy return ratios.

Sunshine Pictures reported ROE of 31.99%, ROCE of 36.20% and RoNW of 27.58% in FY2025.

Low borrowings.

Total borrowings declined from ₹16.67 crore in FY2024 to ₹11.16 crore in FY2025, indicating relatively low financial leverage.

Risks Investors Should Consider

Project-driven business.

The company's revenue and profitability depend on the success and timing of individual films and content projects.

Dependence on successful content.

The commercial performance of films can be unpredictable, and the underperformance of major projects could negatively impact financial results.

Declining revenue and profitability.

Total income declined from ₹139.46 crore in FY2024 to ₹105.80 crore in FY2025, while PAT declined from ₹53.35 crore to ₹34.46 crore.

Changing consumer preferences.

The entertainment industry is rapidly changing because of OTT platforms, digital content and changing audience preferences.

Intense competition.

Sunshine Pictures competes with established production houses, studios, OTT platforms and other content creators.

Working capital requirements.

A significant portion of the fresh IPO proceeds is intended for working capital, making efficient deployment of funds important for future growth.

Should You Invest in Sunshine Pictures IPO?

Sunshine Pictures operates in India's film and entertainment industry and has built a track record across film production, co-production, television and web-series content.

The company has several positive factors, including an established film portfolio, experienced management, diversified content activities, strong return ratios and relatively low borrowings.

However, investors should also consider the company's declining revenue and PAT in FY2025, the project-driven nature of the film industry and the valuation implied by the IPO price.

The current GMP of ₹0 indicates neutral listing expectations in the grey market. However, GMP is unofficial and can change significantly before listing.

Investors should evaluate the company's financial performance, valuation, upcoming project pipeline, subscription response and industry risks before deciding whether to apply for the IPO.

Looking to Invest in Sunshine Pictures Before Its IPO?

If you want to buy Sunshine Pictures unlisted shares before the IPO, you can check the latest unlisted share price, valuation, availability and investment process on UnlistedKraft's dedicated page once the shares become available.

Summary

Sunshine Pictures IPO is a ₹282.14 crore Mainboard Book Build Issue comprising a fresh issue of ₹172.80 crore and an offer for sale of ₹109.34 crore.

The company has fixed the IPO price band at ₹342–₹360 per share, with a lot size of 41 shares. Retail investors need a minimum investment of ₹14,760 at the upper price band.

Sunshine Pictures operates in the film production, co-production, distribution, television and web-series segments. The company has produced several commercially recognised films and has an established presence in India's entertainment industry.

The company's financial performance shows strong return ratios and low borrowings, although revenue and PAT declined in FY2025.
The current GMP of ₹0 indicates no premium over the upper IPO price band as of August 11, 2026. Investors should monitor the GMP, subscription status, valuation and financial performance before making an investment decision.

Frequently Asked Questions (FAQs)

What is the Sunshine Pictures IPO?

Sunshine Pictures IPO is a Mainboard Book Build Issue worth ₹282.14 crore, comprising a fresh issue of ₹172.80 crore and an offer for sale of ₹109.34 crore.

What are the Sunshine Pictures IPO dates?

The IPO will open for subscription on August 18, 2026, and close on August 20, 2026.

What is the Sunshine Pictures IPO price band?

The company has fixed the price band at ₹342 to ₹360 per share.

What is the lot size of Sunshine Pictures IPO?

The minimum application size is 41 shares, requiring an investment of ₹14,760 at the upper price band.

What is the Sunshine Pictures IPO GMP today?

As of August 11, 2026, the Sunshine Pictures IPO GMP is ₹0. GMP is unofficial and may change before listing.

When will Sunshine Pictures IPO allotment take place?

The tentative allotment date is August 21, 2026.

When is Sunshine Pictures IPO listing?

The shares are expected to list on August 25, 2026, on both BSE and NSE.

Who is the registrar of Sunshine Pictures IPO?

Bigshare Services Pvt. Ltd. is the registrar of the Sunshine Pictures IPO.

Who is the lead manager of Sunshine Pictures IPO?

GYR Capital Advisors Pvt. Ltd. is the book-running lead manager of the Sunshine Pictures IPO.

What does Sunshine Pictures Limited do?

Sunshine Pictures Limited is engaged in film production, co-production, distribution, television content and web-series production.

Is Sunshine Pictures IPO worth applying for?

Investors should evaluate the company's financial performance, valuation, project pipeline, industry risks and subscription demand before applying. The current GMP of ₹0 indicates no grey-market premium, but GMP should not be considered a guaranteed indicator of listing performance.

Sources

• Sunshine Pictures DRHP/RHP
• NSE & BSE IPO Filings
• Bigshare Services Pvt. Ltd.
• GYR Capital Advisors Pvt. Ltd.
• InvestKraft

Disclaimer

This article is intended for informational and educational purposes only and should not be considered financial or investment advice. IPO details, Grey Market Premium (GMP), subscription figures and listing timelines are subject to change. Investors should carefully read the Red Herring Prospectus (RHP), verify the latest updates from official sources and consult a qualified financial advisor before making any investment decisions. Investments in the stock market are subject to market risks.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.