Sunshine Pictures Limited IPO – Sunshine Pictures IPO Details, Price, Dates and Review
Sunshine Pictures Limited IPO is an upcoming Mainboard IPO that has attracted attention from investors interested in India’s film and entertainment industry. Sunshine Pictures Limited is a Mumbai-based production house involved in creating, producing, marketing, and distributing films, television serials, and web series. The company also works in script development, intellectual property creation, and monetisation of content rights.
The Sunshine Pictures IPO is scheduled to open on 18 August 2026 and close on 20 August 2026. The issue is proposed to be listed on both the BSE and NSE.
Sunshine Pictures Limited Company Overview
Sunshine Pictures Limited was incorporated in 2007 and has established a presence in the Indian entertainment industry. According to the IPO information, the company has produced 13 commercial films, 2 web series, 3 television serials, and 1 short commercial film as of 10 August 2026.
The company’s filmography includes titles such as Force, Commando: A One-Man Army, Holiday: A Soldier Is Never Off Duty, Force 2, Commando 2: The Black Money Trail, and The Kerala Story.
Sunshine Pictures follows both standalone and co-production models. While standalone projects allow the company to retain full rights, co-production arrangements can help distribute project risks and provide additional revenue visibility.
Sunshine Pictures IPO Details
The Sunshine Pictures Limited IPO is a book-built issue with a total issue size of approximately ₹282.14 crore.
The issue consists of:
Fresh Issue: 48,00,034 shares worth ₹172.80 crore
Offer for Sale: 30,37,157 shares worth ₹109.34 crore
Total Issue: 78,37,191 shares
Face Value: ₹10 per equity share
IPO Price Band: ₹342 to ₹360 per share
Market Lot: 41 shares
Minimum Investment: ₹14,760 at the upper price band
Listing: BSE and NSE
The investor reservation includes 50% for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 35% for retail investors.
Sunshine Pictures IPO Important Dates
Investors tracking the Sunshine Pictures IPO should pay attention to the following schedule:
IPO Opening Date: 18 August 2026
IPO Closing Date: 20 August 2026
Basis of Allotment: 21 August 2026
Refund Initiation: 24 August 2026
Shares Credited to Demat: 24 August 2026
Expected Listing Date: 25 August 2026
UPI Mandate Confirmation Cut-off: 5 PM on 20 August 2026
These dates are based on the IPO schedule published on the referenced IPO information page.
Sunshine Pictures IPO Business Model
Sunshine Pictures has multiple sources of revenue across the entertainment ecosystem. Its activities include film production, OTT and web-series content, television serials, music rights, and digital platforms.
The company operates Sunshine Music and Sunshine Digital, which support its broader content and digital strategy.
The company is currently involved in projects including Hisaab with Jio Studios, Samuk, and the web series Nanavati vs Nanavati for Amazon Seller Services. It also has six films and two web series in its production pipeline.
Financial Performance
The financial performance of a company is an important factor for investors evaluating an IPO.
According to the information published on the IPO page, Sunshine Pictures reported consolidated revenue of ₹139.46 crore and profit after tax of ₹53.35 crore for FY2024. In FY2025, consolidated revenue was ₹105.80 crore, while profit after tax stood at ₹34.46 crore.
For FY2026, the reported standalone figures show revenue of ₹76.27 crore and profit after tax of ₹40.02 crore. Total borrowing was reported at ₹9.09 crore on a standalone basis for FY2026.
Sunshine Pictures IPO Key Performance Indicators
The IPO information page reports several key performance indicators for March 31, 2026. These include:
ROE: 31.99%
ROCE: 36.20%
Debt/Equity: 0.06
RoNW: 27.58%
PAT Margin: 53.77%
EBITDA Margin: 78.65%
NAV: ₹55.08
Price to Book Value: 6.54
The reported pre-IPO P/E was 23.70x, while the post-IPO P/E was 28.02x based on the figures presented on the source page.
Objects of the Sunshine Pictures IPO
The fresh issue proceeds are intended primarily to support the company’s working capital requirements. According to the IPO information, approximately ₹112.50 crore is expected to be allocated toward working capital requirements, with the remaining proceeds intended for general corporate purposes.
Working capital can be important for a production company because film and digital-content projects can involve significant expenditure before revenue is generated.
Strengths of Sunshine Pictures IPO
The Sunshine Pictures Limited IPO has several factors that may be of interest to investors.
The company’s stated competitive strengths include experienced promoters and senior management, an established track record, long-standing industry relationships, a differentiated business model, and a focus on quality standards.
Its diversified approach across theatrical releases, OTT content, television, music, and digital platforms may also provide multiple avenues for monetising intellectual property.
Risks Associated With Sunshine Pictures IPO
Like any investment opportunity, the Sunshine Pictures IPO also carries risks.
The success of films and entertainment content can be difficult to predict because audience preferences can change quickly. Revenue may fluctuate depending on project schedules, box-office performance, content reception, and release timing.
The company also operates in a competitive environment involving established studios and OTT platforms. Dependence on key creative and technical talent, changing technology, piracy, and evolving consumer behaviour can also affect the entertainment business.
Sunshine Pictures IPO Promoter Holding
According to the published IPO information, promoter shareholding is expected to change from 100% before the issue to 74.84% after the IPO.
The listed promoters include Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, and Maurya Vipul Shah.
Conclusion
The Sunshine Pictures Limited IPO represents a public offering from an established Indian entertainment production company with experience across films, television, web series, music, and digital content.
With an issue size of ₹282.14 crore, a price band of ₹342–₹360 per share, and a planned listing on BSE and NSE, the IPO provides investors with an opportunity to study a company operating in India’s evolving media and entertainment sector. At the same time, investors should carefully evaluate the company’s financial performance, valuation, business pipeline, competitive environment, and industry-specific risks before making any investment decision.
The information presented in this article is for educational purposes only and should not be considered investment advice. Investors should read the official IPO documents and consult a qualified financial advisor before investing. For More Information Click Here.
Disclaimer: This article is based primarily on the information published by IPOHub and is intended for educational purposes only. It is not investment advice or a recommendation to subscribe to the IPO. Investors should read the company’s official offer documents and consult a qualified financial adviser before making investment decisions.
