Retail traders’ quota was booked 2.52 occasions. Non-institutional traders (NII) and Certified Institutional Consumers (QIB) portion was booked at 1.95 occasions and 0.01 occasions.
Sunshine Footage operates within the media and leisure business, engaged in originating, growing, producing, advertising and marketing and distribution of characteristic movies, tv programmes, net sequence and different audio-visual content material.
The corporate has labored on motion pictures like The Kerala Story, Power, Commando: A One-Man Military, Vacation: A Soldier is By no means Off Responsibility, Power 2, Commando 2: The Black Cash Path and Bastar.
As of the date of the RHP, Sunshine Footage has produced 13 industrial movies, comprising seven co-produced and 6 self-produced movies, together with two net sequence, three tv serials and one quick industrial movie.
Listed below are key issues to learn about Sunshine Footage forward of its IPO opening on August 18:
In regards to the firm
Included in 2007, Sunshine Footage has over 18 years of expertise within the Indian movie and leisure business. The corporate operates throughout characteristic movies, tv programmes, net sequence, music and digital originals. It follows co-production and sole-production fashions, whereby the previous permits it to share undertaking prices and dangers with established studios, whereas the latter allows the corporate to retain mental property and related rights.
The corporate monetises its content material by way of theatrical, OTT, satellite tv for pc tv, music and different ancillary rights. The corporate has additionally launched Sunshine Music and Sunshine Digital (Originals), with 36 unique music movies and a couple of digital originals.
Sunshine Footage’ undertaking cycle usually runs for 15 to 30 months, protecting script improvement, pre-production, manufacturing, post-production and distribution. It follows a technology-driven workflow utilizing digital instruments for budgeting, scheduling and manufacturing planning, together with digital intermediate color grading, high-resolution modifying, Dolby Atmos sound mixing and VFX capabilities.
Manufacturing and distribution of movies and related rights remained the best contributor to income in FY26 at 89.6% or ₹66.76 crore, adopted by different actions at 8.9% or ₹6.69 crore, comprising music rights exploitation, expertise administration, social media platforms and the music label. Manufacturing and distribution of net sequence/TV serials and related rights contributed 1.3% or ₹0.99 crore. The highest 5 prospects accounted for 74.8% of income from operations in FY26, whereas the highest ten contributed 87.7%.
The corporate additionally derives income from abroad distribution rights, with export income of ₹10.01 crore in FY26, accounting for 13.4% of income from operations. The corporate has six movies and two net sequence in its pipeline, together with Hisaab, co-produced with Jio Studios, Samuk and Nanavati vs Nanavati, all scheduled for FY27.
Sunshine Footage plans to extend manufacturing capability by increasing its author pool and growing younger inventive expertise, whereas diversifying its content material throughout genres and codecs and strengthening theatrical distribution by way of movie acquisitions.
Now, Sunshine Footage is launching its preliminary public providing (IPO), consisting of a recent subject of ₹173 crore and a proposal on the market of ₹109 crore. The overall subject dimension of the IPO is ₹282 crore. Its shares will likely be listed on the NSE and BSE.
Sunshine Footage Financials
| (₹ crore) | FY24 (Consolidated) | FY25 (Consolidated) | FY26 (Standalone) |
|---|---|---|---|
| Income | 133.79 | 103.33 | 74.43 |
| Complete property | 97.37 | 131.28 | 179.63 |
| Web revenue | 53.34 | 34.46 | 40.02 |
| EBITDA | 73.97 | 50.75 | 58.54 |
Sunshine Footage IPO goal
The cash raised from the IPO will likely be used in direction of the next goals:
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Working capital: The corporate will use as much as ₹112.50 crore for funding its working capital necessities.
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Basic company functions: A part of the IPO proceeds will likely be used for basic company functions and subject bills.
Sunshine Footage IPO particulars
Sunshine Footage IPO goals to boost ₹282 crore by way of its public subject. The problem is a mixture of a recent subject and a proposal on the market of over 78 lakh shares.
The corporate has fastened the value band of the problem at ₹342 to ₹360 per share. The lot dimension, or the minimal bid amount to use for the problem, is 41 shares. This equates to a minimal funding quantity of ₹14,760 per lot on the higher finish of the value band for retail traders.
Sunshine Footage IPO: Necessary dates
Sunshine Footage IPO will stay open for bidding from 18 to twenty August 2026. After the bidding is closed, the allotment of shares is predicted to be finalised on August 21.
Profitable bidders can anticipate the shares to be credited to their demat accounts by Monday, August 24, with others receiving refunds on the identical day. Sunshine Footage shares are scheduled to listing on the BSE and NSE on August 25.
Strengths and alternatives
- Balanced manufacturing mannequin: The corporate makes use of each co-production and sole-production fashions. Co-productions permit the corporate to share the monetary danger with its companions, whereas producing a undertaking by itself offers it higher management over the mental property. It will probably then earn from a number of rights, together with theatrical, OTT, music and different rights.
- Established business community: The corporate has greater than 17 years of expertise within the leisure business. Throughout this era, it has constructed relationships with studios, expertise businesses and inventive professionals. Its expertise and observe file of commercially profitable tasks have additionally helped it safe repeat collaborations with main business gamers.
- A number of content material and income streams: The corporate has labored throughout movies, tv, net sequence, music and digital originals. This provides it a number of methods to generate income from its content material, together with theatrical releases, OTT rights, satellite tv for pc rights and music. Profitable tasks may also be prolonged by way of sequels and diversifications, offering further alternatives to monetise its mental property.
Dangers and threats
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Excessive buyer focus: Sunshine Footage stays depending on a comparatively small group of shoppers. Its prime 5 prospects contributed 74.8% of FY26 income. This focus signifies that any lack of a key buyer or discount in enterprise from them may have a fabric impression on the corporate’s income.
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Excessive working capital depth: The corporate’s web working capital stood at ₹126.46 crore in FY26, equal to 169.89% of FY26 income. The excessive working capital requirement means a big amount of cash stays tied up within the enterprise, which may put stress on liquidity.
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Adverse working money move: The corporate reported damaging working money move of ₹33.21 crore in FY26, primarily resulting from larger stock and commerce receivables. Continued stress on working money flows may make it tougher for the corporate to fund its day-to-day necessities internally.
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Movie and undertaking execution danger: Movie manufacturing entails appreciable time and prices, and delays or value overruns can have an effect on the returns from a undertaking. Any disruption in manufacturing or failure to finish a undertaking as deliberate may due to this fact put stress on profitability and money flows.
