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IPO Open

Tue, Aug 18, 2026

IPO Close

Thu, Aug 20, 2026

Price Band

₹342 to ₹360

Market Cap (Pre-IPO)

₹1,121.36 Cr * on Upper Price IPO Details

IPO Details

  • IPO Date
    18 to 20 Aug, 2026
  • Listing Date
    Tue, Aug 25, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹342 to ₹360
  • Lot Size
    41 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    78,37,191 shares (agg. up to ₹282 Cr)
  • Fresh Issue
    48,00,034 shares (agg. up to ₹173 Cr)
  • Offer for Sale
    30,37,157 shares of ₹10 (agg. up to ₹109 Cr)
  • Share Holding Pre Issue
    2,63,48,750 shares
  • Share Holding Post Issue
    3,11,48,784 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Aug 18, 2026
  • Allotment
    Fri, Aug 21, 2026
  • Credit of Shares
    Mon, Aug 24, 2026
  • IPO Close
    Thu, Aug 20, 2026
  • Refund
    Mon, Aug 24, 2026
  • Listing
    Tue, Aug 25, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 41 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 41 ₹14,760
Retail (Max) 13 533 ₹1,91,880
S-HNI (Min) 14 574 ₹2,06,640
S-HNI (Max) 67 2,747 ₹9,88,920

About Sunshine Pictures Ltd.

Incorporated in 2007, Sunshine Pictures Limited is a production company engaged in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series.

The company is a technology-driven content creator specializing in innovative commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution.

The company has produced notable films like ‘Force’, ‘Commando’, ‘Holiday’, ‘Force 2’, ‘Commando 2’, and ‘The Kerala Story’, achieving commercial success and addressing social relevance.

The company has produced ten commercial films (six co-produced), two web series, two TV serials, and one short film. It is currently co-producing two films with Jio Studios and producing one web series for Doordarshan.

The company produces projects either as a sole producer or co-producer with reputable studios. It maintains a mix of co-produced and standalone projects, balancing risk and revenue potential, particularly for high-budget productions.

The company is active on social media platforms like YouTube, Instagram, and Facebook. It has 162,960 YouTube subscribers, 9.18 crore views, and 104,500 followers across Instagram and Facebook, generating additional revenue from content streaming.

As of June 30, 2026, the company has a total strength of 28 full-time employees.

Competitive Strengths:

  • Experienced Promoters supported by Senior Management team
  • Established Track Record and long-standing relationships in the industry
  • Differentiated and Robust Business Model
  • High quality standards

Company Financials (Restated Consolidated)

(Amount in ₹ Crore)

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 89.40 96.48 38.57 26.64
Total Income 43.38 139.46 26.90 87.23
Profit After Tax 4.56 52.45 2.31 11.20
NET Worth 74.26 69.70 27.30 24.99
Reserves and Surplus 74.14 69.58 27.16 24.85
Total Borrowing 8.52 16.67 6.48

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding the working capital requirements of the Company 940.00
2 General Corporate Purposes
Total 940.00

Key Performance Indicator (KPI)

KPI Mar 31, 2024
Debt/Equity 0.24
RoNW 75.26%
PAT Margin 39.20%
NAV 26.45

IPO Valuation

Valuation Metric Pre IPO Post IPO
Market Cap at Offer Price ₹1,121.36 Cr

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100% 74.84%
Public 25.16%
Total 100% 100%

Company Promoters: Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered Amount (₹ cr.)
Vipul Amrutlal Shah Promoter 20,31,388 73.13
Shefali Vipul Shah Promoter 10,05,769 36.21
Total 30,37,157 109.34

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. GYR Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sunshine Pictures Ltd. Address
A -102, 1st Floor, Bharat Ark, Azad Nagar,
Veera Desai Road,
Andheri (W),
Mumbai, Maharashtra, 400053

IPO FAQs

Sunshine Pictures IPO is a main-board IPO of 78,37,191 equity shares of the face value of ₹10 aggregating up to ₹282 Crores. The issue is priced at ₹342 to ₹360. The minimum order quantity is 41.

The IPO opens on Tue, Aug 18, 2026, and closes on Thu, Aug 20, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Sunshine Pictures IPO using UPI as a payment gateway. Angel One customers can apply in Sunshine Pictures IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Sunshine Pictures IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sunshine Pictures IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Sunshine Pictures IPO opens on Tue, Aug 18, 2026 and closes on Thu, Aug 20, 2026.

Sunshine Pictures IPO lot size is 41, and the minimum amount required for application is ₹14,760.

You can apply in Sunshine Pictures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sunshine Pictures IPO will be done on Friday, August 21, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 24, 2026. Check the Sunshine Pictures IPO allotment status.

The Sunshine Pictures IPO listing date is not yet announced. The tentative date of listing is Tue, Aug 25, 2026.

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