Sunshine Pictures IPO
Sunshine Pictures IPO is a mainboard IPO raising ₹282 Cr at ₹342 – ₹360 a share. It listed on 25 Aug 2026 at ₹396, +10.0% against its issue price of ₹360, and trades at ₹393 today (+9.1% since issue). It was subscribed 106× in total.
105.8 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs360. Checked: exchange issue size Rs282 Cr vs derived Rs282.1 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 47% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Panorama Studios International Ltd | 81× | 7.1% | ₹0.6 |
| Baweja Studios Limited | 8.68× | 5.52% | ₹3.29 |
| Balaji Telefilms Limited | — | -7.96% | ₹-4.09 |
| This issue | 23.7× | 27.58% | ₹15.19 |
derived: cut-off price Rs360 / stated EPS Rs15.19 (FY2026 (year ended March 31, 2026) basic and diluted EPS, restated standalone/consolidated, post-bonus adjustment (213:1 on Dec 25, 2024), face value ₹10). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.