IPO Listed — 25 Aug 2026
Listing Price: ₹395.9
Sunshine Pictures IPO GMP History | Listing Price ₹395.9 & Kostak Rate
Sunshine Pictures IPO has been listed on August 25, 2026 at a listing price of ₹395.9, against the issue price of ₹360 — a gain of ₹35.9 (+9.97%). The GMP peaked at ₹80 on 20 August 2026 and reached a low of ₹17 on 12 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sunshine Pictures IPO raised ₹282.14 Cr. through its IPO at a price band of ₹342 to ₹360 per share, with a lot size of 41 shares. The IPO was open for subscription from 18 Aug 2026 to 20 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 25 Aug 2026 | ₹ 50 | 13.89% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 50 | 13.89% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 65 | 18.06% | ₹ 0 | ₹ 0 | |
| 22 Aug 2026 | ₹ 68 | 18.89% | ₹ 0 | ₹ 0 | |
| 21 Aug 2026 | ₹ 55 | 15.28% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 80 | 22.22% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 77 | 21.39% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 77 | 21.39% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 72 | 20.00% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 54 | 15.00% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 50 | 13.89% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 50 | 13.89% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 30 | 8.33% | ₹ 0 | ₹ 0 | |
| 12 Aug 2026 | ₹ 17 | 4.72% | ₹ 0 | ₹ 0 |
Sunshine Pictures IPO Dates
| Event | Date |
|---|---|
| Open Date | 18 Aug, 2026 |
| Close Date | 20 Aug, 2026 |
| Allotment Date | 21 Aug, 2026 |
| Refund Date | 24 Aug, 2026 |
| Credit to Demat | 24 Aug, 2026 |
| Listing Date | 25 Aug, 2026 |
Sunshine Pictures IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹360 |
| GMP-Based Estimate (Pre-Listing) | ₹410 (+13.9%) |
| Actual Listing Price | ₹395.9 (+9.97%) |
| Listing Gain / Loss | +₹35.9 per share |
| Listing Date | 25 Aug, 2026 |
Is Sunshine Pictures IPO GMP Reliable?
Grey market premium for Sunshine Pictures IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Sunshine Pictures IPO full review for a fundamentals-based assessment before making any grey market trades.
Sunshine Pictures IPO IPO Kostak Rate Explained
The Kostak rate for Sunshine Pictures IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sunshine Pictures IPO
The company has made films such as Force, Commando, Holiday, Force 2, Commando 2 and The Kerala Story. Till now it has produced ten commercial films, of which six were co-produced with other studios, along with two web series, two TV serials and one short film. At present it is co-producing two films with Jio Studios and making one web series for Doordarshan.
The company works both as a sole producer and as a co-producer. For big budget projects it takes a partner so that the risk and the return are shared. It also earns from its own social media and streaming presence, with about 1,62,960 YouTube subscribers and 1,04,500 followers on Instagram and Facebook. As on 30 June 2026 it had 28 full time employees.
Strengths & Risks
Strengths
- ✓ The company owns the rights to the content it makes, so one film can keep earning for years through satellite, digital and music rights.
- ✓ It has a hit record. The Kerala Story, Force, Commando and Holiday were commercially successful films.
- ✓ Margins are high because it is an IP business and not a fixed asset business. EBITDA was Rs 50.76 crore on total income of Rs 105.80 crore in FY2025.
- ✓ The company is almost debt free. Total borrowing was only Rs 11.16 crore as on 31 March 2025, and it came down from Rs 16.67 crore a year before.
- ✓ Net worth improved from Rs 70.60 crore to Rs 105.07 crore between FY2024 and FY2025.
- ✓ It works with established studios. Two films are being co-produced with Jio Studios and one web series is being made for Doordarshan.
- ✓ Co-production spreads the risk on high budget films instead of putting the full cost on the company.
Risks
- ⚠ The latest year shown in the offer document was weaker. Total income fell from Rs 139.46 crore in FY2024 to Rs 105.80 crore in FY2025, and profit after tax fell from Rs 53.35 crore to Rs 34.46 crore.
- ⚠ This is the costliest of the current mainboard issues on earnings. At the upper band of Rs 360 the post issue P/E is about 32.55 times on an EPS of Rs 11.06.
- ⚠ Film income is lumpy and cannot be predicted. One good film can lift a whole year and one failure can wipe out the profit of that year.
- ⚠ The company is very small in people terms, with only 28 full time employees, so the business depends heavily on a few key persons and on the promoters.
- ⚠ Only ten films have been made so far and six of them were co-produced, so the number of fully own productions is small.
- ⚠ Success depends on public taste, star availability, release date clashes and censor clearance, none of which are in the company control.
- ⚠ A part of the issue is an offer for sale, so that money goes to the selling shareholders and not to the company.
- ⚠ Competition is heavy from large studios and from OTT platforms that now produce their own content.
Frequently Asked Questions about Sunshine Pictures IPO
What is the GMP of Sunshine Pictures IPO?
The current Grey Market Premium (GMP) of Sunshine Pictures IPO is ₹ 50.
What is the Kostak Price of Sunshine Pictures IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sunshine Pictures IPO is currently not available.
What is the Subject to Sauda Price of Sunshine Pictures IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Sunshine Pictures IPO?
Sunshine Pictures IPO listed on August 25, 2026 at ₹395.9, against the issue price of ₹360 — a gain of +9.97%.
How did the GMP of Sunshine Pictures IPO trend before listing?
The GMP of Sunshine Pictures IPO was stable in its final days before listing. The GMP peaked at ₹80 on 20 August 2026. View the day-wise table above for the complete GMP history.
Explore Sunshine Pictures IPO Further
For a complete picture before making your investment decision, explore these resources:
