Sunshine Pictures IPO Lists Today: 13.89% Pop Expected

Sunshine Pictures is poised for a significant market debut today, August 25, with an estimated listing price of ₹410 per share, projecting a 13.89% premium over its IPO price.

The company’s shares will commence trading at 10:00 IST on both the BSE and NSE, following the finalization of IPO allotment on Friday, August 21.

Key Listing Details

• Estimated listing price: ₹410 per share
• Anticipated premium: 13.89% over IPO price
• Grey Market Premium (GMP): +50
• GMP trend: Fluctuated between ₹0.00 and ₹80 over 14 sessions

Mahesh M. Ojha, Vice President of Research & Business Development at Kantilal Chhaganlal Securities Pvt Ltd, noted Sunshine Pictures’ strong position for growth. This is attributed to its content pipeline through CY29, established studio relationships, and an asset-light, project-based operational model.

Ojha values Sunshine Pictures at 27.5 times its FY26 earnings at the upper price band of ₹360, with a post-dilution EPS of ₹12.85. He anticipates a listing premium between 15–18%, advising investors to consider partial profit booking while long-term investors may hold the stock.

IPO Overview

• Oversubscription: 105.81 times on final bidding day
• IPO price band: ₹342 to ₹360 per share
• Fresh issue: 48 lakh equity shares
• Offer-for-sale (OFS): 30.37 lakh equity shares
• Total shares offered: 78.37 lakh
• Working capital allocation: Up to ₹112.50 crore from net proceeds

Promoted by film and television producer-director Vipul Shah, the IPO’s proceeds are primarily earmarked for long-term working capital needs, with the remainder allocated for general corporate purposes.