About Sunshine Pictures IPO
Sunshine Pictures IPO Details
Sunshine Pictures IPO is a 100% book-built issue of 83.75 lakh equity shares, comprising a fresh issue of 50 lakh equity shares and an offer for sale (OFS) of 33.75 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 31, 2024.
The price band and official data of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of this issue is GYR Capital Advisors Private Ltd., while the registrar to the issue is Bigshare Services Private Ltd.
Sunshine Pictures IPO Date & Timeline
Sunshine Pictures Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on December 31, 2024. However, the specific Sunshine Pictures IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Sunshine Pictures IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Sunshine Pictures IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | 100 % Book Built Offer |
| Total Issue Size | Up to 83,75,000 Equity Shares |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to 50,00,000 Equity Shares |
| Offer for Sale | Up to 33,75,000 Equity Shares |
| Net Offered to Public | - |
| Issue Type | Initial Public Offering (IPO |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | - |
| Share Holding Post Issue | - |
Sunshine Pictures IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Sunshine Pictures IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Sunshine Pictures Ltd. was founded in 2007 as Energetic Films Private Limited by filmmaker Vipul Amrutlal Shah. It is a Mumbai-based company that has evolved from a traditional film production house into a multi-format, technology-driven content creator.
It now produces theatrical films, television serials and digital web series, spanning script development, production, intellectual property creation and distribution rights monetisation in global and domestic markets.
Operations & Product Range
Sunshine Pictures Ltd. is involved in all aspects of content production, from making feature films and award-winning web series to television series. In becoming a producer of content through sole and co-production deals with big film studios such as Jio Studios, the company avoids any financial risks while still producing content regularly. The company aims at reaching theaters, satellite viewers and OTT viewership.
Facilities & Capacity
Sunshine Pictures Ltd. is operating from its Andheri West, Mumbai office, a strategic location in the Indian film industry. The company does not possess the “installed capacity” which is typical for a manufacturing firm; however, its operational capacity can be considered as its capability to handle several major shoots at one time. It benefits from the great talent pool that it possesses internally in order to produce multi-location films using sophisticated production technologies.
Brands & Market Presence
Sunshine Pictures Ltd. has created a market identity through the success of its projects. Their successful movies include the action films Force and Commando and the standalone movies Holiday: A Soldier Is Never Off Duty and The Kerala Story. Even on the Internet, they have created a name for themselves with their thriller web series called Human. They have won many awards, including those from Filmfare and IIFA and have created a large domestic base as well as an international following through OTT and theatres.
Revenue Streams & Business Model
The business model of Sunshine Pictures Ltd. is designed to capture value across multiple platforms, preventing over-reliance on a single medium. The primary revenue sources include domestic and overseas theatrical distribution, satellite broadcasting rights, music rights and digital streaming (OTT) rights. A significant portion of its revenue is derived from the direct production and distribution of films and is also generated through its web series and television content.
Management & Shareholding
The leadership of Sunshine Pictures Ltd. includes promoters Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah. Before the IPO, the promoters held nearly 100% of the company. After the IPO, promoters shareholding will be diluted, allowing public shareholders into the ownership structure while the promoters continue to shape the company's strategic direction.
Board & Key Management
The leadership of Sunshine Pictures Ltd. is led by a team of experts with many years of experience. Vipul Amrutlal Shah serves as the Chairman & Managing Director and gives strategic direction to the firm and manages daily operations. To ensure good governance, the board includes Independent Directors Manmohan Ramanna Shetty, Kapil Bagla, Santanu Ray and Paresh Ganatra for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Sunshine Pictures IPO Financial Information
Latest Revenue
43.38
₹ Crore
Profit After Tax
4.56
₹ Crore
Net Worth
74.26
₹ Crore
Total Borrowing
8.52
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 89.40 | 43.38 | 4.56 | 74.26 | 74.14 | 8.52 | |||
| 31 Mar 2024 | 96.48 | 139.46 | 52.45 | 69.70 | 69.58 | 16.67 | |||
| 31 Mar 2023 | 38.57 | 26.90 | 2.31 | 27.30 | 27.16 | 6.48 | |||
| Amount in ₹ Crore | |||||||||
Sunshine Pictures Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | 0.24x |
| RoNW | 75.26% |
| PAT Margin | 39.20% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.73 (basic/diluted) | - |
| P/E (x) | - | - |
Sunshine Pictures IPO Objectives
The company intends to utilise the Sunshine Pictures IPO proceeds for strategic objectives:
- • Funding the working capital requirements
- • General corporate purposes
Sunshine Pictures IPO Review
Sunshine Pictures Ltd. is a production house engaged in the business of originating, creating, developing producing, marketing and distributing films, TV serials and web series (“Projects”). This company is well-positioned within the booming Indian media and entertainment sector. The company's financial profile showcases remarkable growth, with its revenue from operations surging to ₹133.80 crore and a PAT of ₹52.45 crore in FY 2024. This growth highlights the firm's ability to monetize its intellectual properties effectively across theatrical and digital channels.
On the other hand, potential investors should not ignore the risks associated with the entertainment industry. The firm is highly dependent on the unpredictable behaviour of consumers’ tastes and preferences, which means that the flop of any big-screen movie may cause serious financial losses in the short term.
The Sunshine Pictures IPO is, therefore, a good choice for those wishing to invest in a prosperous and digitally innovative production studio. Their ability to execute well and generate franchises serves as a strong pillar despite the cyclic and hit-based nature of the movie box office market.
Conclusion
Sunshine Pictures IPO is an opportunity for investors to invest in a growing company that has consistently delivered engaging content to Indian audiences. The main objective of this listing is to grow its production capacity and gain more market share in the emerging OTT and film industry. With the support of experienced players in the industry and some known intellectual properties (IPs), Sunshine Pictures is doing well.
Frequently Asked Questions
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Competitive Strengths
An extremely experienced promotion crew that works with a very experienced senior management team.
A proven history of creating profitable movies and digital content.
An excellent business model that combines independent films and studio collaborations.
Long-term industry contacts that facilitate strong distribution channels.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 13/06/2025 | - |
| 2 | Filed with SEBI/Exchange | 31/12/2024 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |