Sunshine Pictures Limited, a prominent film and content production house, is set to open its Initial Public Offering (IPO) for subscription on Tuesday, August 18, closing on Thursday, August 20. The anchor investor bidding is scheduled for Monday, August 17.
IPO Overview and Key Dates
The public issue aims to raise Rs 282 crore, comprising a fresh issue of up to 48,00,034 equity shares and an offer for sale of up to 30,37,157 equity shares. The company has fixed the IPO price band at Rs 342 to Rs 360 per equity share, with a face value of Rs 10 per share. Following the IPO, Sunshine Pictures' implied market capitalization is estimated to range between Rs 1,065 crore and Rs 1,121 crore.
Investors can bid for a minimum of 41 shares, with subsequent bids accepted in multiples of 41 shares. For retail investors, the minimum investment will be Rs 14,022 at the lower end of the price band and Rs 14,760 at the upper end.
Investor Categories and Allotment
- Qualified Institutional Buyers (QIBs): 50% of the total offer is reserved.
- Non-Institutional Investors (NIIs): 15% of the total offer is reserved.
- Retail Investors: The remaining 35% is reserved.
The basis of allotment is anticipated to be finalized on August 21, with shares expected to be listed on the BSE and NSE on August 25.
About Sunshine Pictures Limited
Incorporated in 2007, Sunshine Pictures Limited specializes in the conceptualization, creation, development, production, marketing, and distribution of films, television serials, and web series. The company positions itself as a technology-led content creator, focusing on commercially viable and innovative projects across script development, content production, intellectual property creation, rights monetization, and distribution.
Its diverse portfolio includes successful films such as Force, Commando, Holiday, Force 2, Commando 2, and The Kerala Story. To date, Sunshine Pictures has produced 10 commercial films, including six co-productions, alongside two web series, two television serials, and one short film. The company is currently co-producing two films with Jio Studios and is also producing a web series for Doordarshan.
Lead Managers and Registrar
GYR Capital Advisors has been appointed as the book-running lead manager for the issue, while Bigshare Services will serve as the registrar to the IPO.