The ₹282.14 crore IPO has a price band of ₹342-₹360 per share and a lot size of 41 shares. At the upper end of the price band, retail investors will need to invest a minimum of ₹14,760 for one lot.
IPO DETAILS
Shares of Sunshine Pictures are commanding a premium of around 20% in the grey market, indicating positive unofficial sentiment ahead of the listing. However, grey-market premiums are unofficial and can change before the stock makes its market debut.
Ahead of the issue opening, Sunshine Pictures raised ₹84.64 crore from nine anchor investors on August 17. The company allotted 23.51 lakh shares to anchor investors at ₹360 apiece, the upper end of the price band.
Uni Growth Fund emerged as the largest investor in the anchor book, picking up 5.55 lakh shares for nearly ₹20 crore. Khandelwal Finance, Zeal Global Opportunities Fund, The Asia Fund VCC and Shine Star Build Cap each acquired 2.77 lakh shares worth around ₹10 crore.
Other investors in the anchor book included Innovative Vision Fund, Arnesta Global Opportunities Fund, Visionary Value Fund and LRSD Securities.
The IPO comprises a fresh issue of 48 lakh shares worth ₹172.80 crore and an offer for sale (OFS) of 30 lakh shares aggregating to ₹109.34 crore.
The company plans to use ₹112.50 crore of the net proceeds from the fresh issue to meet its working capital requirements. The funds are expected to strengthen its financial position and support its ongoing operations and future business requirements.
A portion of the proceeds will also be used for general corporate purposes.
COMPANY PROFILE
Sunshine Pictures, incorporated in 2007, is a production house engaged in films, television, web shows, music and digital originals. The company made its debut with Force and has since produced films including Commando, Holiday: A Soldier Is Never Off Duty, The Kerala Story and Bastar.
The company has produced 13 films so far, including seven co-productions and six self-productions, along with two web series, three television serials and a short commercial film.
It has six films and two web series under development, including Hisaab, co-produced with Jio Studios, and Samuk and Nanavati vs Nanavati for Amazon, with the projects slated for FY27.
On the financial front, Sunshine Pictures reported standalone revenue of ₹74.43 crore and profit of ₹40.02 crore for the financial year ended March 2026.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.
The share allotment is expected to be finalised on August 21, while the company’s shares are scheduled to list on the NSE and BSE on August 25.
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