Sunshine Pictures IPO
Sunshine Pictures Limited (SUNSHINE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 25 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +19.2% (likely range +11% to +28%), day's high +26.1%, chance of a gain 97%. Actual: +10.0% at the open, +10.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 15,67,436 | 19,36,02,041 | 124x | |
| NII (HNI) total | 11,75,592 | 23,16,34,994 | 197x | |
| Big NII (above ₹10 lakh) | 7,83,728 | 15,55,09,269 | 198x | |
| Small NII (₹2-10 lakh) | 3,91,864 | 7,61,25,725 | 194x | |
| Retail | 27,43,023 | 15,52,53,347 | 56.6x | |
| Total | 54,86,051 | 58,04,90,382 | 106x |
Bids on NSE and BSE together, as published by NSE, as of 20 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 23% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sunshine Pictures's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Behari Lal EngineeringAug 2026 | 165x | 165x | 53.3x | 108x | ₹298 Cr | +63.2% | +88.4% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| VMS TMTSep 2025 | 121x | 227x | 47.9x | 102x | ₹148 Cr | +6.0% | +6.1% |
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| GYR Capital Advisors | 2 | +6.6% | 100% |
Offer documents (NSE)
Frequently asked
What is the Sunshine Pictures IPO price band and lot size? ₹342–360 per share, with a lot of 41 shares, so the smallest retail bid is ₹14,760.
How many times has it been subscribed? 106x overall: QIB 124x, NII 197x, retail 56.6x.
How did it list? It opened at ₹396, +10.0% against the issue price of ₹360, and closed its first day +2.6%.
