Sunshine Pictures fixes Rs 360 cap for Rs 282 crore IPO on August 18

Mumbai-based film production company Sunshine Pictures will open its initial public offering on August 18, with a price band of Rs 342 to Rs 360 per share. The subscription window closes on August 20. Anchor investor bidding is scheduled for August 17, according to The Hindu Business Line.

The IPO comprises a fresh issue of up to 48,00,034 equity shares worth Rs 172.80 crore and an offer for sale of up to 30,37,157 shares worth Rs 109.33 crore. Promoters Vipul Amrutlal Shah and Shefali Vipul Shah will sell shares worth Rs 73.13 crore and Rs 36.21 crore respectively in the OFS. Fresh issue proceeds of up to Rs 112.5 crore will fund working capital requirements.

Sunshine Pictures, known for films including The Kerala Story and the Commando franchise, reported standalone net profit of Rs 40.02 crore in FY2026. The issue is managed by GYR Capital Advisors. Free Press Journal reports that five other IPOs are launching the same week, pushing total offerings to nearly Rs 5,600 crore.