Sunshine Pictures
Demand
Red-hot
subscribed 105.81x overall
Grey market
+13.9%
implied listing pop
History says
+6.9%
median at this premium · middle half +2% to +12% · n=68
Listed
+9.4%
day-1 close +2.5% vs issue
Latest GMP
₹50
grey-market premium
Implied pop
+13.9%
GMP over issue price
History says
+6.9%
median actual listing at this GMP (n=68)
Range of outcomes
middle half of 68 listings at this GMP
GMP trend
14 street quotes since 08/23
Final Subscription
Subscribed 105.81xoverall · last updated 2026-08-27 00:45 UTC
| Category | Shares reserved | 24-08 | 26-08 | 27-08 | |||
|---|---|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 15,67,436 | 19,36,02,041 | 123.52× | 19,36,02,041 | 123.52× | 19,36,02,041 | 123.52× |
| NII | 11,75,592 | 23,16,34,994 | 197.04× | 23,16,34,994 | 197.04× | 23,16,34,994 | 197.04× |
| ∟bNII (> ₹10L) | 7,83,728 | 15,55,09,269 | 198.42× | 15,55,09,269 | 198.42× | 15,55,09,269 | 198.42× |
| ∟sNII (< ₹10L) | 3,91,864 | 7,61,25,725 | 194.27× | 7,61,25,725 | 194.27× | 7,61,25,725 | 194.27× |
| Retail | 27,43,023 | 15,52,53,347 | 56.60× | 15,52,53,347 | 56.60× | 15,52,53,347 | 56.60× |
| Total | 54,86,051 | 58,04,90,382 | 105.81× | 58,04,90,382 | 105.81× | 58,04,90,382 | 105.81× |
Allotment odds (1 lot lottery once oversubscribed) — Retail: ≈ 1 in 57 applicants · Small NII: ≈ 1 in 195 applicants · Big NII: ≈ 1 in 199 applicants
Allotment Probability
Retail · subscribed 56.60x
2%
Small HNI (sNII) · subscribed 194.27x
1%
Big HNI (bNII) · subscribed 198.42x
1%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Listing At | BSE, NSE |
| Face Value | ₹ 10 per share |
| Price Band | ₹342 to ₹360 |
| Lot Size | 41 shares |
| 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) |
| Scrip / Symbol | 544881 / SUNSHINE |
| ISIN | INE1B3O01011 |
🗓️IPO Schedule
Open
Tue, Aug 18, 2026
Close
Thu, Aug 20, 2026
Allotment
Fri, Aug 21, 2026
Refunds
Mon, Aug 24, 2026
Demat credit
Mon, Aug 24, 2026
Listing
Tue, Aug 25, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 74.84% |
| Public | 25.16% | |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | 15.19 → 12.85 |
| P/E (x) (pre → post) | 23.7 → 28.02 |
| Market Cap at Offer Price | ₹1,150.01 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 |
|---|---|
| Assets | 179.639 |
| Total Income | 76.2749 |
| Profit After Tax | 40.0224 |
| EBITDA | 58.5481 |
| NET Worth | 145.1346 |
| Reserves and Surplus | 118.7858 |
| Total Borrowing | 9.0942 |
🎯Key Performance Indicators
| ROE | 31.99% |
| ROCE | 36.20% |
| Debt/Equity | 0.06 |
| RoNW | 27.58% |
| PAT Margin | 53.77% |
| EBITDA Margin | 78.65% |
| NAV | 55.08 |
| Price to Book Value | 6.54 |
Lot Size — what an application costs
| 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 |
| B-HNI (Min) | 68 | 2,788 | ₹10,03,680 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 39,18,576 | 50.00% | NA |
| − Anchor Investor | 23,51,140 | 30.00% | NA |
| − QIB (Ex. Anchor) | 15,67,436 | 20.00% | NA |
| NII (HNI) | 11,75,592 | 15.00% | NA |
| − bNII > ₹10L | 7,83,728 | 10.00% | 1,365 |
| − sNII < ₹10L | 3,91,864 | 5.00% | 682 |
| Retail | 27,43,023 | 35.00% | 66,903 |
| Total | 78,37,191 | 100.00% | – |
🔔Listing Day
Issue price
₹360
Listing open
₹394
Open vs issue
+9.4%
Day-1 close
+2.5%
vs issue price
GMP trend
| Date | GMP ₹ | Implied |
|---|---|---|
| 2026-08-25 | 50 | +13.9% |
| 2026-08-25 | 50 | +13.9% |
| 2026-08-25 | 50 | +13.9% |
| 2026-08-25 | 50 | +13.9% |
| 2026-08-25 | 55 | +15.3% |
| 2026-08-24 | 55 | +15.3% |
| 2026-08-24 | 55 | +15.3% |
| 2026-08-24 | 65 | +17.1% |
| 2026-08-24 | 65 | +17.1% |
| 2026-08-24 | 65 | +17.1% |
| 2026-08-24 | 65 | +17.1% |
| 2026-08-24 | 65 | +17.1% |
| 2026-08-23 | 65 | +17.1% |
| 2026-08-23 | 65 | +17.1% |
🏢About Sunshine Pictures
Sunshine Pictures IPO is a book build issue of ₹282.14 crores. The issue is a combination of fresh issue of 48.00 lakh shares aggregating to ₹172.80 crores and offer for sale of 30.37 lakh shares aggregating to ₹109.34 crores.
Sunshine Pictures IPO bidding started from Aug 18, 2026 and ended on Aug 20, 2026. The allotment for Sunshine Pictures IPO was finalized on Aug 21, 2026. The shares got listed on NSE and BSE on Aug 25, 2026.
Sunshine Pictures IPO is set final issue price at ₹360 per share. The lot size for an application is 41 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,760 (41 shares) (based on upper price).
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Funding the working capital requirements of the Company | 112.50 |
| General Corporate Purposes | 43.02 |
| Issue Expenses | 28.21 |
👥Selling Shareholders
| Name | Category | Shares offered |
|---|---|---|
| Vipul Amrutlal Shah | Promoter | 20,31,388 |
| Shefali Vipul Shah | Promoter | 10,05,769 |
| Total | 30,37,157 |
💼Lead Managers
- • GYR Capital Advisors Pvt.Ltd.
🗳️Registrar
- • Bigshare Services Pvt.Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 A -102, 1st Floor, Bharat Ark, Azad Nagar,, Veera Desai Road,, Andheri (W),, Mumbai, Maharashtra, 400053
📞 +91 70390 02911
✉️ compliance@sunshinepictures.in
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.