Sunshine Pictures IPO day 2: Issue subscribed over 18 times, GMP signals 21% listing pop. Should you apply?

Sunshine Pictures IPO Day 3 LIVE: The initial public offering (IPO) of film producer Vipul Shah and his wife Shefali Shah-promoted company Sunshine Pictures Ltd hit the Indian Primary Market on 17 August 2026, and will remain open until 19 August 2026. So, investors have just one day to apply for the Sunshine Pictures IPO. The company's management has offered shares of Sunshine Pictures at a price band of ₹342 to ₹360 per equity share. The public issue is proposed for listing on the BSE and NSE exchanges. Meanwhile, the grey market is showing strong gains for investors. According to Sunshine Pictures IPO subscription status, the public issue has been booked 4.33 times after the end of bidding on day 2.

Sunshine Pictures IPO GMP today

According to market observers, shares of the film producer Vipul Shah-promoted company are available at a premium of ₹77 in the grey market today. This means Sunshine Pictures IPO GMP (Grey Market Premium) today is ₹77, up ₹4 when bidding for the book-building issue began on 17th August 2026. So, applicants may expect 21% listing gain, if they turns out a lucky allottee.

Sunshine Pictures IPO subscription status

By 5:00 PM on day 2, the public issue had been booked 18.45 times, the retail portion had been subscribed 21.60 times, and the NII segment had been filled 35.59 times. The QIB portion had been subscribed to 0.14 times.

Sunshine Pictures IPO review

KC Securities has assigned an ‘apply’ tag to the public issue, saying, “At the upper price band, the company is valued at 27.5x FY26 P/E, based on post-dilution EPS of ₹12.85. With a diversified slate across films, digital originals, and music, disciplined project selection and strong operating leverage, we see scope for sustained growth and profitability. Given the attractive growth opportunity, differentiated business model and prudent capital allocation, we recommend investors to subscribe to the public issue with a long-term horizon.”

Master Capital Services also assigned a ‘subscribe’ tag to the public issue, saying, “Sunshine Pictures Limited is positioned to benefit from the growing demand for diverse and digital-first content through its experience in film, television and web series production. Its technology-driven, data-led approach, strong relationships with studios and creative professionals, established content portfolio, Sunshine Music and Sunshine Digital (Originals) verticals, and pipeline of six films and two web series provide a platform to participate in the evolving Indian M&E industry. Investors may consider the IPO as a potential long-term investment opportunity.”

Sunshine Pictures IPO details

In the wake of the ‘T+3’ listing rule, the most likely Sunshine Pictures IPO allotment date is 20 August 2026, while the most likely Sunshine Pictures IPO listing date is 24 August 2026.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.