Sunshine Pictures initial public offering (IPO) is set to open for subscription on August 18, 2026. According to the Red Herring Prospectus (RHP), the ₹282.14 crore book-built issue comprises a fresh issue of shares aggregating up to ₹172.80 crore and an Offer for Sale (OFS) of up to ₹109.34 crore by existing shareholders.

The IPO will remain open until August 20, 2026, while the anchor investor portion will open for subscription on August 17, 2026. The basis of allotment is expected to be finalised on August 21, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on August 25, 2026.

Sunshine Pictures IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹282.14 crore
Fresh Issue: Up to ₹172.80 crore
Offer for Sale (OFS): Up to ₹109.34 crore
Face Value: ₹10 per equity share
Price Band: ₹342 to ₹360 per share
Lot Size: 41 shares
Minimum Investment Amount (Retail Investor): ₹14,760 (41 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: GYR Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited

Sunshine Pictures IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	18 August 2026
Subscription Closing Date	20 August 2026
Basis of Allotment Date	21 August 2026
Refund Initiation Date	24 August 2026
Credit of Shares	24 August 2026
Listing on BSE and NSE	25 August 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Sunshine Pictures IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹360 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	41	₹14,760
Retail (Maximum)	13	533	₹1,91,880
sNII (Minimum)	14	574	₹2,06,640
bNII (Minimum)	68	2,788	₹10,03,680

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding the working capital requirements of the company.
General corporate purposes

About Sunshine Pictures Limited

Sunshine Pictures is engaged in the production, marketing and distribution of films, television serials and web series. Its notable projects include ‘Force’, ‘Force 2’, ‘Commando 2’ and ‘The Kerala Story’. The company follows a technology-driven, data-backed approach to content creation, using digital tools and audience analytics across production and post-production.

The company has produced 13 commercial films, two web series and three TV serials. It is currently working on projects including ‘Hisaab’ with Jio Studios, ‘Samuk’ and ‘Nanavati vs Nanavati’, scheduled for release in FY27. It has also recently launched two new verticals, Sunshine Music and Sunshine Write.