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Sunshine Pictures IPO Oversubscribed 18 Times!
19 Aug
Summary
- Sunshine Pictures IPO was subscribed 18.46 times.
- IPO price band is between Rs 342 and Rs 360 per share.
- Company aims to raise Rs 1,428 crore via fresh issue.
The initial public offering of Sunshine Pictures, a prominent content production house, has experienced overwhelming demand. As of Wednesday, August 19, 2026, at 5:00 PM IST, the issue was subscribed 18.46 times, with bids received for 10.12 crore shares against the 54.86 lakh shares on offer.
The IPO period, which commenced on August 18, 2026, and concludes on August 20, 2026, has set a price band between Rs 342 and Rs 360 per equity share. Investors are permitted to bid for a minimum lot of 41 equity shares.
Sunshine Pictures is looking to raise capital through a combination of a fresh issue worth up to Rs 1,428 crore and an offer for sale totaling Rs 125 crore. The funds raised will be allocated towards working capital needs and general corporate objectives.
Earlier, on Monday, August 11, 2026, the company successfully secured Rs 84.64 crore from anchor investors by allotting 23.51 lakh shares at Rs 360 each. Sunshine Pictures, known for producing films like 'The Kerala Story', has several projects in development and production.
