Sunshine Pictures Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Sunshine Pictures Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹360
Per ShareLot Size
41 Shares
Minimum Investment
₹14,760
Issue Size
₹282.14 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sunshine Pictures Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
74.83%
Issue Type
Book Building
ISIN
INE1B3O01011
About the Company
Incorporated in year 2007, we are a production-house engaged in the business of originating, creating, developing, producing, marketing and distribution of films, TV serials and web series ("Projects"). Since our incorporation, we have produced various prominent works in modern Indian cinema. Our debut production `Force', under our banner was a box office hit. Since then, we have produced and distributed prominent, commercial and socially relevant films such as `Commando: A One-Man Army', `Holiday: A soldier is never off duty', `Force 2', `Commando 2: The black money trail', `The Kerala Story', etc. Our productions such as `Force', `Holiday: A soldier is never off duty', `Human (web series)' and `The Kerala Story' and their respective cast have bagged various awards such as the Filmfare Award, the International Indian Film Academy award, the Stardust Awards, the Global Film Award, the Apsara Film Producers Guild Awards, the BIG Star Entertainment Awards, India, the Indian Telly Streaming Awards, the Bollywood Life Awards, the Dadasaheb Phalke Film Foundation Awards, the Iconic Gold Awards, the Zee Cine Awards, etc. Our production, `The Kerala Story' emerged as the highest return-on-investment blockbuster in 2023, reflecting the company's ability to balance commercial appeal with critical acclaim (Source: D&B Report).
Industry Overview
Indian media and entertainment (M&E) sector demonstrated substantial growth, with an annual increase of INR 180 billion. This growth brought the industry size to INR 2.32 trillion (USD 27.9 billion), reflecting an 8.4% rise. Between CY 2019 and CY 2024, the sector has expanded at a compound annual growth rate (CAGR) of approximately 6%, rising from INR 1.91 trillion to a projected INR 2.55 trillion, surpassing pre-pandemic levels. However, traditional segments like television, print, and radio have yet to fully recover to their 2019 figures.
Company History
Our Company was originally incorporated as `Energetic Films Private Limited', a private limited company under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated July 14, 2007, issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, our Company changed its name from `Energetic Films Private Limited' to `Sunshine Pictures Private Limited' pursuant to a fresh certificate of incorporation dated March 15, 2010. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an extraordinary general meeting held on August 14, 2024 and a fresh certificate of incorporation dated September 27, 2024 was issued by the Registrar of Companies, Centeral Processing Center, recording the change in the name of our Company to `Sunshine Pictures Limited'.
Growth Strategy
- Increase our production capacity.
- Diversify the portfolio.
- Launch new businesses.
- Embrace new age media.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 78,37,191 equity shares of face value of Rs. 10 each ("Equity Shares") of Sunshine Pictures Limited ("the Company" or the "Issuer") for cash at a price of Rs. 360 per equity share (Including a Securities Premium of Rs. 350 per Equity Share) ("Offer Price") aggregating Rs. 282.14 Crores comprising a fresh issue of 48,00,034 equity shares of face value of Rs. 10 each aggregating Rs. 172.8 Crores by the company ("Fresh Issue") and an offer for sale of 30,37,157 equity shares of face value of Rs. 10 each aggregating Rs. 109.34 Crores ("Offered Shares") by the selling shareholders, comprising 20,31,388 equity shares of face value of Rs. 10 each aggregating Rs. 73.13 Crores by Vipul Amrutlal Shah and 10,05,769 equity shares of face value of Rs. 10 each aggregating Rs. 36.21 Crores by Shefali Vipul Shah (Collectively the "Selling Shareholders" or "Promoter Selling Shareholders"), ("Offer for Sale", together with the fresh issue, the "Offer"). The offer will constitute 25.16% of the company post-offer paid-up equity share capital. Price Band: Rs. 360 per equity share bearing face value of Rs.10 each. The floor price is 36.0 times of the face value of the equity shares. Bids can be made for a minimum of 41 equity shares of face value of Rs. 10 each and in multiples of 41 equity shares of face value of Rs. 10 each thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters supported by senior management team.
- Establishes Track Record and long-standing relationships in the industry.
- Differentiated and Robust Business Model.
- The company's success is primarily dependent on audience acceptance of its film, web series and TV serials, which is extremely difficult to predict and therefore inherently risky.
- The company is dependent on the Indian box office success of its films from which a significant portion of the company's revenue is derived and its ability to exploit and monetize the company's project is limited to the rights that its retain or own.
- The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Offer, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- The company derives the majority of its revenue from the company's top 5 customers i.e., the Studios and independent distributors. Any loss of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flow.
- Some viewers or civil society organisations may find the company's film content objectionable.