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Sunshine Pictures IPO Review

Sunshine Pictures IPO has been reviewed by 5 analysts, and the overall consensus is Avoid — carrying a score of 38. Out of the 5 analysts who have covered this IPO, 1 recommend subscribing while 4 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹342-360 per share, with a minimum application size of 41 shares (minimum investment of approximately ₹14,760 at the upper band). Subscription ran from 18 Aug 2026 to 20 Aug 2026. The issue size is ₹282 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Sunshine Pictures IPO is quoting at ₹50 (13.89%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
38/ 100
Avoid 1 of 5 recommend subscribing
How analysts voted
Apply 1
May apply 1
Avoid 3

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Sunshine Pictures has produced films, television, web shows, music and digital originals since 2007, working through a mix of co-produced and standalone projects and monetising rights across theatrical, OTT, television and music. Analyst opinion was negative overall: two of the four covering it said avoid outright, one advised caution and one said subscribe.

Listing gains

The notes value the issue at about 27.8 times FY26 earnings on post-issue capital. With two outright avoid ratings against a single subscribe, the analysts gave little support for listing gains. The bearish notes tie this directly to falling revenue, which makes the pricing look demanding rather than attractive on their numbers.

Short-term strategy

The core concern in the notes is the direction of the business. Revenue from operations fell from ₹134 crore in FY24 to ₹103 crore in FY25 and ₹74 crore in FY26. One note also flags negative operating cash flow in FY26, caused by higher inventory and trade receivables. The near-term view is cautious.

Long-term strategy

The one positive note credits established industry relationships, a disciplined cost structure and the ability to monetise intellectual property across several downstream rights, with plans to expand into digital and music content. But content businesses depend on individual project success, and with revenue shrinking, most analysts were not willing to look through that.

How this is written: an AI-assisted summary of the 5 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Sunshine Pictures IPO?

The analyst consensus for Sunshine Pictures IPO tracked on this page is Avoid, with a score of 38/100. Out of 5 analysts who have reviewed this IPO, 1 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 38 mean for Sunshine Pictures IPO?

The score of 38 is an aggregate of all analyst ratings tracked for Sunshine Pictures IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Read the individual analyst verdicts above for more context.

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% (₹35.9 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Sunshine Pictures IPO?

Sunshine Pictures IPO was priced at ₹342-360 per share. The minimum lot size is 41 shares, making the minimum investment approximately ₹14,760 at the upper end of the price band. Subscription ran from 18 Aug 2026 to 20 Aug 2026.

Explore Sunshine Pictures IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Sunshine Pictures IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Avoid
Score
38 / 100
Listed at
₹395.9
Full IPO details