Sunshine Pictures IPO: 21.39% Listing Premium Expected

The Sunshine Pictures IPO concluded its subscription on August 20, 2026, oversubscribed 21.82 times on its final day. Grey Market Premium (GMP) now sits at Rs 77-78, indicating a potential listing premium.

This GMP suggests a 21.39% premium over the upper price band of Rs 360, with an estimated listing price of Rs 437 per share. Investors should remember GMP is speculative, not official data.

Key IPO Details

• Total issue size: Rs 282.14 crore
• Fresh issue: Rs 172.80 crore (48 lakh equity shares)
• Offer for Sale (OFS): Rs 109.34 crore (30.37 lakh equity shares)
• Price band: Rs 342-360 per share
• Minimum retail bid: 41 shares (Rs 14,760 at upper limit)

GYR Capital Advisors Pvt. Ltd. served as the book-running lead manager, while Bigshare Services Pvt. Ltd. is the issue’s registrar. Share allotment is anticipated on August 21, 2026.

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

Company Financials and Purpose

For FY26, Sunshine Pictures reported a total income of Rs 76.27 crore, a decrease from Rs 105.80 crore in FY25. Despite this, profit after tax (PAT) rose to Rs 40.02 crore in FY26, up from Rs 34.46 crore in the prior fiscal year.

EBITDA for FY26 stood at Rs 58.54 crore. The net proceeds from the fresh issue are primarily earmarked for funding working capital requirements, with Rs 112.50 crore allocated for this purpose, alongside general corporate needs.

About Sunshine Pictures

Established in 2007, Sunshine Pictures is a film and content production company. They manage the entire lifecycle of films, television serials, and web series, from origination to distribution.

Their notable productions include commercial successes such as Force, Commando, Holiday, and The Kerala Story.