Sunshine Pictures IPO Day 1 Subscription Status: 4.34x Subscribed; GMP at ₹75
Sunshine Pictures’ IPO was subscribed 4.34 times on Day 1, as of early evening (5:00 p.m. to 6:30 p.m. IST) on 18 August 2026. Non-Institutional Investors (NIIs) led category demand at 6.23x, followed by retail at 5.99x, while Qualified Institutional Buyers (QIBs) were at 0.03x. The Grey Market Premium (GMP) stood at ₹75. Bidding remains open until 20 August 2026.
| Metric | Latest update |
| Bidding day | Day 1 |
| Data status | Early evening (5:00 p.m. to 6:29 p.m. IST) on 18 August 2026 |
| Overall subscription | 4.34x |
| QIB subscription | 0.03x |
| NII subscription | 6.23x |
| Retail subscription | 5.99x |
| Employee/shareholder category | Not separately reported |
| Current GMP | ₹75 |
| GMP percentage | 20.8% |
| Indicative price | ₹435 |
| Closing date | 20 August 2026 |
Sunshine Pictures IPO Day 1 Subscription Status
The public portion of the Sunshine Pictures IPO received bids for about 2.38 crore shares against 54.86 lakh shares available, taking overall demand to 4.34x.
| Investor category | Shares offered | Shares bid for | Subscription |
| QIB, excluding anchor | 15,67,436 | 45,346 | 0.03x |
| NII | 11,75,592 | 73,23,297 | 6.23x |
| Retail Individual Investors (RIIs) | 27,43,023 | 1,64,34,604 | 5.99x |
| Overall | 54,86,051 | 2,38,03,247 | 4.34x |
Within the NII segment, smaller NII applications were subscribed 9.34x, while the larger NII portion was subscribed 4.67x. This means the opening-day response was concentrated mainly in retail and NII bidding rather than being evenly spread across categories.
Subscription multiples measure the quantity of shares bid for relative to the shares reserved in each category. They should not be treated as the number of unique applicants.
What the Day 1 Subscription Numbers Indicate So Far
A 4.34x overall subscription on the opening day shows that the issue crossed full subscription early in its three-day bidding window. Retail and NII demand were the main contributors, with both categories receiving bids several times their reserved portions.
QIB participation, at 0.03x, was limited at this stage. Institutional bidding often develops later in the offer period, so the Day 1 QIB figure should not be used to predict the final institutional response.
The key question for Day 2 is whether demand broadens further across investor categories rather than remaining concentrated among retail and non-institutional bidders.
Sunshine Pictures IPO GMP Today and Estimated Listing Price
Sunshine Pictures IPO GMP was around ₹75 per share in the early evening on 18 August 2026. The previous available reading was about ₹73, indicating a ₹2 increase.
| GMP observation | Premium | Movement |
| Current, 18 August 2026 | ₹75 | Up ₹2 |
| Previous available reading | ₹73 | Reference |
At the upper price band of ₹360:
Indicative price = ₹360 + ₹75 = ₹435
GMP percentage = ₹75 ÷ ₹360 × 100 = 20.8%
This puts the grey market indication about 20.8% above the upper issue price. However, GMP is an unofficial and unregulated market indicator. It can change quickly before listing and does not guarantee that Sunshine Pictures shares will list at ₹435 or deliver a listing gain.
What Stands Out in Today’s Bidding
Two numbers stand out on Day 1. First, both retail and NII demand were well above their respective reserved share quantities, which pushed the overall subscription above four times. Second, the ₹75 GMP was higher than the previous available reading, so unofficial grey-market sentiment and opening-day public demand were moving in the same direction.
There are also important limitations. QIB participation remained low, meaning demand was not yet broad-based across all major categories. Further, high subscription and a positive GMP do not establish whether the IPO is fairly valued, whether the underlying business is strong enough for long-term returns, or what the eventual listing price will be.
IPO Details Retail Investors Need
| Detail | Sunshine Pictures IPO |
| Price band | ₹342 to ₹360 per share |
| Lot size | 41 shares |
| Minimum retail investment | ₹14,760 at upper price band |
| Total issue size | About ₹282.14 crore |
| Fresh issue | About ₹172.80 crore |
| Offer for Sale (OFS) | About ₹109.34 crore |
| Issue type | Mainboard, book-built issue |
| Closing date | 20 August 2026 |
| Expected listing date | 25 August 2026 |
| Exchange | National Stock Exchange of India (NSE) and BSE Limited (BSE) |
The offer comprises a fresh issue of up to 48,00,034 shares and an OFS of up to 30,37,157 shares.
Brief Company and Financial Context
Sunshine Pictures produces, develops, markets, and distributes films, television serials, and web series. Film production and distribution was its largest revenue source in fiscal 2026, contributing nearly 90% of revenue from operations. Revenue from operations declined to ₹74.44 crore in fiscal 2026 from ₹103.33 crore in fiscal 2025, while profit after tax rose to ₹40.02 crore from ₹34.46 crore.
The company plans to use ₹112.50 crore of fresh-issue proceeds for working-capital requirements, with the balance for general corporate purposes. A key risk is dependence on the commercial performance and monetisation of individual content projects.
What Happens Next
Day 2 bidding will take place on 19 August 2026, followed by the closing day on 20 August. Investors can watch whether QIB participation increases, whether NII and retail demand continues to build, and whether the GMP holds, rises, or falls as the subscription period progresses. None of these indicators alone determines the eventual listing performance.
Frequently Asked Questions (FAQs)
Q: How many times was the Sunshine Pictures IPO subscribed on Day 1?
A: Sunshine Pictures IPO was subscribed 4.34x overall as of early evening (5:00 p.m. to 6:30 p.m. IST) on 18 August 2026. NII demand was 6.23x, retail was 5.99x, and the QIB category was subscribed 0.03x.
Q: What is the Sunshine Pictures IPO GMP today?
A: The latest cross-checked Sunshine Pictures IPO GMP was around ₹75 per share in the early evening on 18 August 2026. GMP is unofficial, can change rapidly, and is not published or regulated by stock exchanges or market regulators.
Q: What listing price does the current Sunshine Pictures IPO GMP indicate?
A: With an upper price band of ₹360 and a GMP of ₹75, the indicative price works out to ₹435 per share. This is only a grey-market calculation and should not be treated as a guaranteed or official listing-price forecast.
Q: Does the 4.34x Day 1 subscription guarantee a premium listing?
A: No. Subscription data measures bidding demand relative to shares available, while GMP reflects unofficial grey-market sentiment. Neither guarantees a premium listing, fair valuation, business quality, or future investment returns.
Q: Is the Sunshine Pictures IPO Day 1 subscription figure final for the entire issue?
A: No. The IPO remains open through 20 August 2026. The Day 1 figures show demand at the stated phase on 18 August and can change materially as investors, including institutional bidders, participate during the remaining bidding days.
Disclaimer
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