Last updated on December 2nd, 2025 at 12:52 am
| Check Sunshine Picture filing with SEBI. | Check Sunshine Picture IPO allotment |
Sunshine Pictures Ltd is a creative film and media production company and is dedicated to produce high-quality visual content for entertainment and commercial use. It has strong focus on storytelling, innovation, and visual excellence, the company delivers films, advertisements, and digital media that mesmerizes audiences.
Through the IPO, Sunshine Picture will raise money by offering 83.75 lakh equity shares; of which 50 lakh equity shares being Fresh Issue & 33.75 lakh equity shares as Offer for Sale.
Subscription date to apply for the IPO is yet to be announced. Price band and lot size for the IPO is also TBA.
Revenue, PAT, EBITDA of Sunshine Picture Ltd
| Year | Fiscal 2024 |
| Networth | ~ ₹ 69.70 Cr |
| Revenue: | ~ ₹ 133.79 Cr |
| EBITDA | ~ ₹ 73.07 Cr |
| PAT | ~ ₹ 52.45 Cr |
| EBITDA Margin: | ~54.62% |
| PAT Margin | ~39.20% |
Sunshine Picture Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2022 | ₹ 87.1 | ₹ 11.2 | ₹ 26.6 | ₹ 25.0 |
| 2023 | ₹ 26.5 | ₹ 2.3 | ₹ 38.6 | ₹ 27.3 |
| 2024 | ₹ 133.8 | ₹ 52.5 | ₹ 96.5 | ₹ 69.7 |
Sunshine Picture Ltd IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 29-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 28-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 27-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 26-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 25-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
Sunshine Picture Ltd IPO Pros & Cons
Strengths:
- Strong promoter experience with number of hits and superhits, enhancing business credibility and creativity.
- High FY24 profitability and strong Return on net worth indicate efficient operations and financial strength.
- Expanding content pipeline across films, OTT series, and TV increases revenue diversification.
- Rising Industry demand for digital entertainment, reflecting long-term growth potential.
- Low debt and credible promoters indicate reduced financial risk for new investors.
Risks:
- Film and content performance is unpredictable, causing high revenue volatility.
- Heavy dependence on a limited number of successful projects increases business risk.
- Delays, cancellations, or cost overruns can significantly impact margins.
- Competitive industry with established studios along with OTT players squeezes profitability.
- No fixed recurring revenue model: earnings vary year-to-year basis project success.
Sunshine Picture Ltd: IPO date & invest detail
| IPO Open Date: | Jan 2025 |
| IPO Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| IPO Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
| IPO Category | Mainboard |
| Symbol | |
| Face Value: | Rs. 10 per Equity Share |
| Issue Size: | 83.75 lakh equity shares |
| Lot Size: | TBA |
Sunshine Picture Ltd IPO Composition & Proceeds
| Fresh Issue: | 50 lakh equity shares |
| Offer for Sale: | 33.75 lakh equity shares |
| Employee reservation | – |
| Price Range | TBA |
| Use of Proceeds: | |
| Borrowing payment | – |
| Working Capital Requirement | ~ ₹ 94 Cr |
| General Corporate Purpose | – |
| Technology & Infrastructure | – |
| IPO Listing on: | BSE – NSE |
| Retail Quota: | ≤ 10% |
| QIB Quota: | ≥75% |
| NII Quota: | ≤ 15% |
Sunshine Picture Ltd Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings of Sunshine Picture Ltd
Sunshine Pictures has its major portfolio in:
Commercial films like The Kerala Story, Commando series, Bastar – 10 films produced.
Web series, TV serials, Short films & digital content.
Music label (Sunshine Music), VFX, 3D filming, post-production services, Talent management & social media monetization.
Sunshine Picture Ltd ‘s customer office/market share
Registered office & operations in Mumbai (Andheri West, Goregaon West – leased offices/storage).
Owned investment property in Seoni, MP.
Sunshine Picture Ltd Promoters- Pre offer equity (Approx)
| Vipul Amrutlal Shah | ~29.05% |
| Shefali Vipul Shah | ~25% |
| Aryaman Vipul Shah | ~22.97% |
| Maurya Vipul Shah | ~22.97% |
Lead Managers / Registrars of Sunshine Picture Ltd
| Lead / Book Running Lead Managers | GYR Capital Advisors Pvt Ltd |
| Registrar (RTA) | Bigshare Services Pvt Ltd |
Founding Year of Sunshine Picture Ltd & Managing Director
Sunshine Picture Ltd was incorporated in the year 2007.
Mr. Vipul Amrutlal Shah is the MD of this company.
Sunshine Picture Ltd FAQ
Q1. What is the business of Sunshine Picture Ltd?
Sunshine Pictures Ltd is a film, TV, and digital content production company and is engaged in creating, developing, producing, marketing, and distributing movies, web series, and serials, with a strong focus on commercially driven and technology-backed storytelling.
Q2. Why is the company raising funds via IPO?
The company is raising capital primarily to meet long-term working capital needs, support upcoming content projects, strengthen financial flexibility, and enhance overall business growth, while providing partial exit liquidity to promoters through the Offer for Sale.
Q3. What is the size of the issue and where will it list?
The IPO comprises up to 83.75 lakh equity shares, including a fresh issue and Offer for Sale. The shares will be listed on NSE and BSE, post approval.
Q4. What are the risks to an investor?
Major risks include dependence on project success, unpredictable film revenues, high industry competition, potential production delays, cost overruns, and limited revenue stability, which could affect profitability and long-term financial performance.
Q5. What are the potential upsides?
Strong FY24 financial performance, experienced promoters, expanding multi-format content pipeline, rising OTT demand, and industry growth create potential for long-term value creation, improved margins, and diversified revenue opportunities.
Q6. How to apply for the IPO?
Investors can apply through their broker’s IPO section using UPI, ASBA, or net-banking. They must select the IPO, choose lot quantity, complete UPI authentication, and wait for allotment confirmation.
Q 7. When is the tentative listing date?
The company has not yet announced official IPO timelines.
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For further information you can visit official website of Sunshine Picture