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IPO Listed — 25 Aug 2026

Listing Price: ₹395.9 (+9.97% vs ₹360)

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Sunshine Pictures

Sunshine Pictures IPO Review

Sunshine Pictures IPO has been reviewed by 4 analysts, and the overall consensus is Neutral — carrying a score of 45. Out of the 4 analysts who have covered this IPO, 1 recommend subscribing while 3 advise caution or avoidance — reflecting a mixed 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. 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.

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.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Neutral
45 / 100

Recommend Subscribe

Based on 4 analyst reviews

1 / 4

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Adroit Financial Services
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BP Equities
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SBI Securities
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Avoid
Marwadi Shares & Finance
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Frequently Asked Questions

Should I apply for Sunshine Pictures IPO?

Based on analyst coverage tracked on this page, the overall verdict for Sunshine Pictures IPO is Neutral. Out of 4 analysts who have reviewed this IPO, 1 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 45 mean for Sunshine Pictures IPO?

The score of 45 is an aggregate of all analyst ratings tracked for Sunshine Pictures IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Scroll down to read individual analyst verdicts 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.

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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.