GMP IPO Watch
Sunshine Pictures IPO
Sunshine Pictures IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Sunshine Pictures IPO Details
Key facts at a glance| IPO Open Date | 17 August 2026 | IPO Close Date | 19 August 2026 |
|---|---|---|---|
| Basis of Allotment | 20 August 2026 | Listing Date | 24 August 2026 |
| Price Band | ₹342 - ₹360 per share | Face Value | ₹10 per share |
| Market Lot Size | 41 Shares | Min Investment (Retail) | ₹14,760 |
| Total Issue Size | ₹282.14 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Sunshine Pictures IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 17 August 2026 | Confirmed |
| IPO Close Date | 19 August 2026 | Confirmed |
| Basis of Allotment | 20 August 2026 | Tentative |
| Initiation of Refunds | 24 August 2026 | Tentative |
| Credit of Shares to Demat | 24 August 2026 | Tentative |
| IPO Listing Date | 24 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 20 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Sunshine Pictures IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 41 Shares | ₹14,760 |
| Retail (Max) | 13 Lots | 533 Shares | ₹1,91,880 |
| S-HNI (Min) | 14 Lots | 574 Shares | ₹2,06,640 |
| S-HNI (Max) | 67 Lots | 2,747 Shares | ₹9,88,920 |
| B-HNI (Min) | 68 Lots | 2,788 Shares | ₹10,03,680 |
Sunshine Pictures IPO Live GMP & Movement History
Daily unofficial grey market trends₹50 +13.9%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 25 Aug 2026 | ₹50 | ₹410.00 | +13.89% |
| 20 Aug 2026 | ₹80 | ₹440.00 | +22.22% |
| 19 Aug 2026 | ₹77 | ₹437.00 | +21.39% |
| 18 Aug 2026 | ₹75 | ₹435.00 | +20.83% |
Sunshine Pictures IPO Subscription Status
Demand breakdown by investor categoryAbout Sunshine Pictures
Sunshine Pictures Limited is a production house engaged in originating, developing, producing, marketing, and distributing feature films, television programmes, and web series. The company has produced 13 commercial films, including notable successes like “Force,” “Holiday,” and “The Kerala Story,” along with two web series and three television serials. Sunshine Pictures operates on a dual-model strategy, utilizing co-productions with studios to mitigate financial risk while also undertaking sole productions to retain full intellectual property rights and maximize revenue from multiple streams. Revenue is generated from the production and distribution of films and OTT/TV serials, with additional income from its music label “Sunshine Music,” digital content vertical “Sunshine Digital (Originals),” talent management, and social media platforms. The company’s diversified content portfolio and business model position it to capitalize on evolving audience preferences in the Indian media and entertainment industry.
Key Strengths
- Exceptional and experienced leadership team.
- Innovative and resilient business model with a dual production strategy.
- Comprehensive industry network with strong relationships.
- Expertise in intellectual property monetization.
- Diversified portfolio across films, TV, and digital content.
Key Risks
- Success is highly dependent on the unpredictable acceptance of content by the audience.
- The business is subject to the inherent volatility of the entertainment industry.
- Limited global market penetration.
- Intense competition from other production houses.
- Risks related to intellectual property infringement claims.
Sunshine Pictures IPO Reservation & Share Quotas
The Sunshine Pictures IPO has a category-wise reservation for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the provided reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. 15% is reserved for Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Sunshine Pictures IPO Anchor Investors
The Sunshine Pictures IPO anchor investor bidding is scheduled for August 17, 2026, one day before the IPO opens for public subscription. The final anchor allocation will provide details regarding institutional participation in the issue.
As per the provided lock-in schedule, 50% of the shares allotted to anchor investors will have a 30-day lock-in period ending on September 16, 2026. The remaining 50% of anchor shares will have a 90-day lock-in period ending on November 15, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 17, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | September 16, 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | November 15, 2026 |
Sunshine Pictures IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 18 Aug 2026 |
| IPO Close Date | 20 Aug 2026 |
| Basis of Allotment | 21 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 25 Aug 2026 |
Note: The timeline for ସୂର୍ଯ୍ୟକିରଣ ଚିତ୍ର IPO is tentative and subject to change.
Sunshine Pictures Promoters and Shareholding Pattern
The promoters of Sunshine Pictures are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah. Before the IPO, the promoter and promoter group collectively hold the entire pre-issue share capital of the company.
The promoter and promoter group hold 2,63,48,750 equity shares, representing 100% of the company's pre-IPO shareholding. Following completion of the IPO, promoter and promoter group ownership is expected to reduce to approximately 74.84%, while other shareholders are expected to hold approximately 25.16%.
Promoters of Sunshine Pictures
- Vipul Amrutlal Shah
- Shefali Vipul Shah
- Aryaman Vipul Shah
- Maurya Vipul Shah
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 2,63,48,750 | 100% | – | 74.84% |
| Others* | – | -% | – | 25.16% |
| Total | 2,63,48,750 | 100% | 3,11,48,784 | 100% |
Sunshine Pictures Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Sunshine Pictures About the IPO
Sunshine Pictures Limited, founded in 2007, is one of the leading companies involved in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Sunshine Pictures is a technology-driven content creator involved in making commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution. Force, Commando, Holiday, Force 2, Commando 2, and The Kerala Story are some of the highly popular movies that were made by the company.
Sunshine Pictures has made 10 commercial films (6 of them co-produced), 2 web series, 2 TV serials, and 1 short film. Also, currently, it is co-producing 2 films with Jio Studios and working on 1 web series for Doordarshan. Moreover, the company is also active on YouTube, Instagram, and Facebook channels 162,960 YouTube subscribers, 9.18 crore views, and 104,500 followers across Instagram and Facebook, generating additional revenue. The company includes a total of 28 permanent employees as of December 15, 2024.
Sunshine Pictures Company Financial Report
To Be Updated Soon
Sunshine Pictures Company Valuation & Key Performance Indicators
To Be Updated Soon
Sunshine Pictures Peer Group Comparison
To Be Updated Soon
Sunshine Pictures Lead Managers & Merchant Bankers
- GYR Capital Advisors Pvt. Ltd.
Sunshine Pictures IPO FAQs
Sunshine Pictures IPO opens for subscription on 17 August 2026 and closes on 19 August 2026.
The price band for Sunshine Pictures IPO is set at ₹342.00 to ₹360.00 per share.
The minimum market lot size is 41 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 41 Shares (₹14,760).
The latest Grey Market Premium (GMP) for Sunshine Pictures IPO is ₹50. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Sunshine Pictures IPO is tentatively scheduled for 20 August 2026, and shares are expected to list on the stock exchanges on 24 August 2026.
The registrar details will be confirmed in the official prospectus.