{"id":52813,"date":"2026-08-11T18:05:07","date_gmt":"2026-08-11T12:35:07","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=52813"},"modified":"2026-08-11T18:05:07","modified_gmt":"2026-08-11T12:35:07","slug":"sunshine-pictures-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/","title":{"rendered":"Sunshine Pictures IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"52813\" class=\"elementor elementor-52813\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37bcbfc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37bcbfc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b91cf22\" data-id=\"b91cf22\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9fc3211 elementor-widget elementor-widget-text-editor\" data-id=\"9fc3211\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n  <meta charset=\"UTF-8\" \/>\n  <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\" \/>\n  <title>Sunshine Pictures IPO \u2013 Flattrade Kosh<\/title>\n  <style>\n    \/* --- PREMIUM UNIFIED EDITORIAL SYSTEM (CMR DESIGN STYLE) --- *\/\n    *, *::before, *::after { box-sizing: border-box; margin: 0; padding: 0; }\n\n    .cmr-article-wrapper {\n      font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, sans-serif;\n      color: #2c3e50;\n      max-width: 740px;\n      margin: 0 auto;\n      line-height: 1.8;\n      padding: 32px px 60px;\n    }\n\n    \/* --- META BAR --- *\/\n    .meta-bar {\n      display: flex;\n      align-items: center;\n      gap: 12px;\n      font-size: 13px;\n      color: #64748b;\n      margin-bottom: 16px;\n    }\n    \n    .tag {\n      background: #f4faf2;\n      color: #339701;\n      border: 1px solid rgba(51, 151, 1, 0.2);\n      border-radius: 4px;\n      padding: 2px 9px;\n      font-weight: 600;\n      font-size: 12px;\n      text-transform: uppercase;\n      letter-spacing: .5px;\n    }\n\n    h1.post-title {\n      font-size: 24px;\n      font-weight: 800;\n      color: #1a252f;\n      margin-bottom: 24px;\n      line-height: 1.25;\n    }\n\n    h2.section-heading, .cmr-article-wrapper h2 {\n      font-size: 18px;\n      font-weight: 700;\n      color: #1a252f;\n      margin: 32px 0 16px 0;\n      line-height: 1.3;\n    }\n\n    .cmr-article-wrapper p {\n      font-size: 16px;\n      margin-bottom: 20px;\n      color: #34495e;\n      text-align: justify;\n    }\n\n    .cmr-article-wrapper strong {\n      color: #111111;\n      font-weight: 600;\n    }\n\n    \/* --- SECTION TITLE SEPARATOR --- *\/\n    .cmr-glance-title {\n      font-size: 15px;\n      font-weight: 700;\n      color: #1a252f;\n      margin: 20px 0 16px 0;\n      text-transform: uppercase;\n      letter-spacing: 0.5px;\n      display: flex;\n      align-items: center;\n      gap: 10px;\n    }\n\n    .cmr-glance-title::after {\n      content: '';\n      flex: 1;\n      height: 1px;\n      background: #e2e8f0;\n    }\n\n    \/* --- IPO GLANCE GRID --- *\/\n    .cmr-glance-grid {\n      display: grid;\n      grid-template-columns: repeat(auto-fit, minmax(160px, 1fr));\n      gap: 12px;\n      margin-bottom: 16px;\n    }\n\n    .cmr-glance-item {\n      background: #ffffff;\n      border: 1px solid #e2e8f0;\n      border-radius: 8px;\n      padding: 16px;\n      box-shadow: 0 1px 3px rgba(0, 0, 0, 0.02);\n      transition: all 0.2s ease;\n    }\n\n    .cmr-glance-item:hover {\n      border-color: #cbd5e1;\n      box-shadow: 0 4px 12px rgba(0, 0, 0, 0.04);\n    }\n\n    .cmr-glance-item.cmr-highlight {\n      background: #f4faf2;\n      border-color: rgba(51, 151, 1, 0.2);\n    }\n\n    .cmr-glance-item.cmr-highlight .cmr-g-value {\n      color: #339701;\n    }\n\n    .cmr-g-label {\n      font-size: 11px;\n      color: #64748b;\n      text-transform: uppercase;\n      letter-spacing: 0.5px;\n      margin-bottom: 6px;\n      font-weight: 600;\n    }\n\n    .cmr-g-value {\n      font-size: 16px;\n      font-weight: 700;\n      color: #1e293b;\n      line-height: 1.2;\n    }\n\n    .cmr-g-sub {\n      font-size: 12px;\n      color: #64748b;\n      margin-top: 4px;\n      line-height: 1.3;\n    }\n\n    .glance-badge {\n      display: block;\n      background: #f8fafc;\n      border: 1px solid #e2e8f0;\n      border-radius: 6px;\n      padding: 10px 14px;\n      font-size: 13px;\n      color: #475569;\n      margin-bottom: 30px;\n      font-weight: 500;\n    }\n\n    \/* --- MINIMAL HIGHLIGHT CONTENT --- *\/\n    .cmr-feature-list {\n      margin: 24px 0;\n    }\n\n    .cmr-feature-item {\n      margin-bottom: 16px;\n      font-size: 15.5px;\n      color: #34495e;\n      text-align: justify;\n    }\n\n    \/* --- MOBILE-OPTIMIZED TABLES --- *\/\n    .table-container {\n      width: 100%;\n      overflow-x: auto;\n      -webkit-overflow-scrolling: touch;\n      margin: 20px 0;\n    }\n\n    .fin-table, .res-table {\n      width: 100%;\n      border-collapse: collapse;\n      font-size: 15px;\n      background: #ffffff;\n      border: 1px solid #e2e8f0;\n      border-radius: 8px;\n      overflow: hidden;\n    }\n\n    .fin-table th, .fin-table td,\n    .res-table th, .res-table td {\n      padding: 12px 16px;\n      border-bottom: 1px solid #e2e8f0;\n    }\n\n    .fin-table thead tr, .res-table thead tr {\n      background: #f8fafc;\n    }\n\n    .fin-table th {\n      font-weight: 700;\n      color: #1e293b;\n      text-align: right;\n    }\n\n    .fin-table th:first-child,\n    .res-table th {\n      text-align: left;\n    }\n\n    .fin-table td {\n      color: #334155;\n      text-align: right;\n    }\n\n    .res-table td {\n      color: #334155;\n      text-align: left;\n    }\n\n    .fin-table td:first-child,\n    .res-table td:first-child {\n      text-align: left;\n      font-weight: 600;\n      color: #1e293b;\n    }\n\n    .fin-table tbody tr:last-child td,\n    .res-table tbody tr:last-child td {\n      border-bottom: none;\n    }\n\n    .fin-note {\n      font-size: 13px;\n      color: #64748b;\n      margin-top: -10px;\n      margin-bottom: 24px;\n    }\n\n    \/* --- KPI GRID --- *\/\n    .kpi-grid {\n      display: grid;\n      grid-template-columns: repeat(auto-fit, minmax(130px, 1fr));\n      gap: 12px;\n      margin: 24px 0;\n    }\n\n    .kpi-card {\n      background: #ffffff;\n      border: 1px solid #e2e8f0;\n      border-radius: 8px;\n      padding: 16px 12px;\n      text-align: center;\n      transition: all 0.2s ease;\n    }\n\n    .kpi-card:hover {\n      border-color: #cbd5e1;\n    }\n\n    .kpi-card .kpi-value {\n      font-size: 18px;\n      font-weight: 700;\n      color: #339701;\n      line-height: 1.2;\n    }\n\n    .kpi-card .kpi-label {\n      font-size: 11px;\n      color: #64748b;\n      text-transform: uppercase;\n      letter-spacing: 0.5px;\n      margin-top: 6px;\n      font-weight: 600;\n    }\n\n    \/* --- OBJECTS MATRIX CONTAINER --- *\/\n    .objects-list {\n      margin: 20px 0;\n    }\n\n    .objects-item {\n      display: flex;\n      justify-content: space-between;\n      align-items: center;\n      padding: 14px 18px;\n      border-radius: 8px;\n      margin-bottom: 10px;\n      background: #f8fafc;\n      border: 1px solid #e2e8f0;\n      font-size: 15px;\n      text-align: justify;\n    }\n\n    .objects-item .obj-label {\n      color: #334155;\n    }\n\n    .objects-item .obj-amt {\n      font-weight: 700;\n      color: #1e293b;\n      white-space: nowrap;\n      margin-left: 12px;\n    }\n\n    \/* --- TAKEAWAY VERDICT CARD --- *\/\n    .cmr-verdict-card {\n      background: #f4faf2;\n      border-left: 4px solid #339701;\n      padding: 24px;\n      border-radius: 0 8px 8px 0;\n      margin: 40px 0;\n    }\n\n    .cmr-verdict-title {\n      font-size: 18px;\n      font-weight: 700;\n      color: #1a252f;\n      margin-bottom: 8px;\n    }\n\n    \/* --- CALL TO ACTION BUTTON --- *\/\n    .cta-wrap {\n      text-align: center;\n      margin: 36px 0 20px;\n    }\n\n    .cta-btn {\n      display: inline-flex;\n      align-items: center;\n      justify-content: center;\n      background-color: #339701;\n      color: #ffffff !important;\n      font-size: 16px;\n      font-weight: 600;\n      text-decoration: none !important;\n      padding: 14px 36px;\n      border-radius: 8px;\n      box-shadow: 0 4px 14px rgba(51, 151, 1, 0.2);\n      transition: all 0.2s ease-in-out;\n      border: none;\n      cursor: pointer;\n      letter-spacing: 0.5px;\n    }\n\n    .cta-btn:hover {\n      background-color: #277501;\n      transform: translateY(-2px);\n      box-shadow: 0 6px 20px rgba(51, 151, 1, 0.3);\n    }\n\n    .source-note {\n      font-size: 12px;\n      color: #94a3b8;\n      margin-top: 32px;\n      border-top: 1px solid #f1f5f9;\n      padding-top: 12px;\n      text-align: center;\n    }\n\n    \/* --- CLEAN SEPARATORS --- *\/\n    hr.divider {\n      border: none;\n      border-top: 1px solid #e2e8f0;\n      margin: 32px 0;\n    }\n\n    \/* RESPONSIVE LAYOUT BREAKPOINTS *\/\n    @media (max-width: 600px) {\n      .cmr-glance-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n      .kpi-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n\n      \/* AUTOMATED INTERACTIVE BLOCK COMPRESSION FOR SMALL MOBILE PHONES *\/\n      .fin-table, .fin-table thead, .fin-table tbody, .fin-table th, .fin-table td, .fin-table tr,\n      .res-table, .res-table thead, .res-table tbody, .res-table th, .res-table td, .res-table tr {\n        display: block;\n      }\n      \n      .fin-table thead, .res-table thead {\n        display: none;\n      }\n      \n      .fin-table tr, .res-table tr {\n        margin-bottom: 12px;\n        border: 1px solid #e2e8f0;\n        border-radius: 8px;\n        padding: 8px 0;\n      }\n      \n      .fin-table td, .res-table td {\n        text-align: right !important;\n        padding: 6px 16px;\n        border-bottom: 1px solid #f1f5f9;\n        display: flex;\n        justify-content: space-between;\n      }\n\n      .fin-table td:last-child, .res-table td:last-child {\n        border-bottom: none;\n      }\n\n      .fin-table td::before, .res-table td::before {\n        content: attr(data-label);\n        font-weight: 700;\n        color: #64748b;\n        text-align: left;\n      }\n    }\n  <\/style>\n<\/head>\n<body>\n\n<div class=\"cmr-article-wrapper\">\n\n\n\n  <!-- \u2500\u2500 IPO AT A GLANCE \u2500\u2500 -->\n  <div class=\"cmr-glance-title\">IPO at a Glance<\/div>\n  \n  <div class=\"cmr-glance-grid\">\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Price Band<\/div>\n      <div class=\"cmr-g-value\">\u20b9342 to \u20b9360<\/div>\n      <div class=\"cmr-g-sub\">Face Value \u20b910 \/ share<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Issue Opens<\/div>\n      <div class=\"cmr-g-value\">Aug 18<\/div>\n      <div class=\"cmr-g-sub\">Closes Aug 20, 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lot Size<\/div>\n      <div class=\"cmr-g-value\">41 Shares<\/div>\n      <div class=\"cmr-g-sub\">Min Investment: \u20b914,760<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Total Size<\/div>\n      <div class=\"cmr-g-value\">\u20b9282.14 Cr<\/div>\n      <div class=\"cmr-g-sub\">Fresh + OFS<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Listing At<\/div>\n      <div class=\"cmr-g-value\">BSE &amp; NSE<\/div>\n      <div class=\"cmr-g-sub\">Tentative: Aug 25, 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lead Manager<\/div>\n      <div class=\"cmr-g-value\" style=\"font-size: 14px; font-weight: 600; color: #006666;\">GYR Capital Advisors<\/div>\n      <div class=\"cmr-g-sub\">Registrar: Bigshare Services<\/div>\n    <\/div>\n  <\/div>\n\n\n  <!-- \u2500\u2500 ABOUT THE COMPANY \u2500\u2500 -->\n  <h2>About the Company: Creative Content Studio &amp; Film Production House<\/h2>\n  <p>\n    Incorporated in <strong>2007<\/strong>, Sunshine Pictures Limited is a technology-driven production company engaged in originating, creating, developing, producing, marketing, and distributing commercial feature films, television serials, and web series.\n  <\/p>\n  <p>\n    The company covers the entire content lifecycle including script development, film production, intellectual property (IP) creation, rights monetization, and multi-platform distribution. Sunshine Pictures has produced high-profile commercial titles such as <em>\u2018Force\u2019<\/em>, <em>\u2018Commando\u2019<\/em>, <em>\u2018Holiday\u2019<\/em>, <em>\u2018Force 2\u2019<\/em>, <em>\u2018Commando 2\u2019<\/em>, and <em>\u2018The Kerala Story\u2019<\/em>. To date, it has created ten commercial films (six co-produced), two web series, two TV serials, and one short film. It is currently co-producing projects with Jio Studios and producing content for Doordarshan.\n  <\/p>\n\n  <div class=\"cmr-feature-list\">\n    <p class=\"cmr-feature-item\">\n      Established studio track record in commercial feature films, OTT web series, and television broadcasts.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      Flexible business model balancing sole productions with strategic co-production arrangements (e.g., Jio Studios) to manage capital risk.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      Digital presence across streaming platforms, including active social media channels generating ancillary streaming revenues.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      Compact and specialized core team of 28 full-time employees as of June 30, 2026.\n    <\/p>\n  <\/div>\n\n  <p>\n    The company\u2019s promoters are <strong>Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah, and Maurya Vipul Shah<\/strong>.\n  <\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 FINANCIALS \u2500\u2500 -->\n  <h2>Financial Trends &amp; Performance<\/h2>\n  <p>\n    Sunshine Pictures Ltd.&#8217;s restated consolidated financial performance for recent fiscal years shows strong profit margins and cash flow generation capabilities:\n  <\/p>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Period Ended<\/th>\n          <th>31 Mar 2025 (Consolidated)<\/th>\n          <th>31 Mar 2024 (Consolidated)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Total Assets<\/td><td data-label=\"31 Mar 2025\">\u20b9131.28 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b997.38 Cr<\/td><\/tr>\n        <tr><td>Total Income<\/td><td data-label=\"31 Mar 2025\">\u20b9105.80 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b9139.46 Cr<\/td><\/tr>\n        <tr><td>Profit After Tax (PAT)<\/td><td data-label=\"31 Mar 2025\">\u20b934.46 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b953.35 Cr<\/td><\/tr>\n        <tr><td>EBITDA<\/td><td data-label=\"31 Mar 2025\">\u20b950.76 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b973.97 Cr<\/td><\/tr>\n        <tr><td>Net Worth<\/td><td data-label=\"31 Mar 2025\">\u20b9105.07 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b970.60 Cr<\/td><\/tr>\n        <tr><td>Reserves and Surplus<\/td><td data-label=\"31 Mar 2025\">\u20b978.72 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b970.47 Cr<\/td><\/tr>\n        <tr><td>Total Borrowings<\/td><td data-label=\"31 Mar 2025\">\u20b911.16 Cr<\/td><td data-label=\"31 Mar 2024\">\u20b916.67 Cr<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">All figures in \u20b9 Crore &nbsp;|&nbsp; Source: Chittorgarh \/ DRHP (Restated Consolidated)<\/p>\n\n  <!-- KPIs -->\n  <h2>Key Performance Indicators &amp; Valuation (FY2026)<\/h2>\n  <div class=\"kpi-grid\">\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">31.99%<\/div>\n      <div class=\"kpi-label\">ROE (FY26)<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">36.20%<\/div>\n      <div class=\"kpi-label\">ROCE (FY26)<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">53.77%<\/div>\n      <div class=\"kpi-label\">PAT Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">78.65%<\/div>\n      <div class=\"kpi-label\">EBITDA Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">\u20b955.08<\/div>\n      <div class=\"kpi-label\">NAV per share<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">32.55x<\/div>\n      <div class=\"kpi-label\">Post-IPO P\/E<\/div>\n    <\/div>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 COMPETITIVE STRENGTHS \u2500\u2500 -->\n  <h2>Competitive Strengths<\/h2>\n  <div class=\"cmr-feature-list\">\n    <p class=\"cmr-feature-item\">\n      <strong>Proven Creative Track Record:<\/strong> History of producing box-office successes and culturally impactful films.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      <strong>High Return Ratios:<\/strong> Robust operational efficiency reflected in an ROCE of 36.20% and ROE of 31.99% in FY26.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      <strong>Disciplined Debt &amp; Capital Structure:<\/strong> Low leverage position with a Debt-to-Equity ratio of 0.06.\n    <\/p>\n    <p class=\"cmr-feature-item\">\n      <strong>Multi-Platform Monetization:<\/strong> Diversified distribution streams encompassing theatrical release, OTT licensing, television rights, and digital content streaming.\n    <\/p>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 ISSUE RESERVATION \u2500\u2500 -->\n  <h2>Issue Reservation<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Shares Offered<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Offer<\/td><\/tr>\n        <tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Offer<\/td><\/tr>\n        <tr><td>NII Shares Offered<\/td><td>Not less than 15% of the Net Offer<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OBJECTS OF ISSUE \u2500\u2500 -->\n  <h2>IPO Structure &amp; Use of Proceeds<\/h2>\n  <p>\n    The \u20b9282.14 Cr issue comprises a Fresh Issue of \u20b9172.80 Cr (48,00,034 shares) and an Offer for Sale of \u20b9109.34 Cr (30,37,157 shares) by promoter selling shareholders Vipul Amrutlal Shah and Shefali Vipul Shah. The fresh proceeds are proposed to be utilized as follows:\n  <\/p>\n\n  <div class=\"objects-list\">\n    <div class=\"objects-item\">\n      <span class=\"obj-label\">Funding working capital requirements of the Company<\/span>\n      <span class=\"obj-amt\">\u20b994.00 Cr<\/span>\n    <\/div>\n    <div class=\"objects-item\">\n      <span class=\"obj-label\">General Corporate Purposes<\/span>\n      <span class=\"obj-amt\">Balance<\/span>\n    <\/div>\n  <\/div>\n\n  <p>\n    Bidding opens on <strong>August 18, 2026<\/strong> and closes on <strong>August 20, 2026<\/strong>. Minimum retail application lot size is fixed at 41 shares (\u20b914,760 based on the upper price band).\n  <\/p>\n\n  <!-- \u2500\u2500 VERDICT \u2500\u2500 -->\n  <div class=\"cmr-verdict-card\">\n    <div class=\"cmr-verdict-title\">The Final Verdict<\/div>\n    <p>\n      Sunshine Pictures Limited brings a high-margin media production house model to the public market, backed by strong studio co-productions and IP ownership.\n    <\/p>\n    <p style=\"margin-top: 12px;\">\n      The company exhibits high profit margins (EBITDA margin of 78.65% in FY26) alongside low leverage (Debt\/Equity of 0.06). Raising \u20b9172.80 Cr in fresh capital primarily to finance working capital for upcoming film and OTT production pipelines supports future growth. Investors looking for media and entertainment content studio plays can evaluate this issue considering its valuation and upcoming production schedule.\n    <\/p>\n  <\/div>\n\n  <!-- \u2500\u2500 CTA \u2500\u2500 -->\n  <div class=\"cta-wrap\">\n    <a class=\"cta-btn\" href=\"https:\/\/novo.flattrade.in\/\" target=\"_blank\" rel=\"noopener\">\n      Apply for Sunshine Pictures IPO on Flattrade\n    <\/a>\n  <\/div>\n\n  <div class=\"source-note\">Source: Chittorgarh IPO Filings<\/div>\n\n<\/div>\n\n<\/body>\n<\/html>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-faab3d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"faab3d2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2d5541c\" data-id=\"2d5541c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b2816c3 elementor-widget elementor-widget-text-editor\" data-id=\"b2816c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/google.com\/preferences\/source?q=https:\/\/flattrade.in\/\" class=\"ft-google-mini-btn\">\n\n\n    <div class=\"mini-btn-content\">\n\n        <span class=\"mini-top\">\n            Stay updated with\n        <\/span>\n\n        <span class=\"mini-main\">\n\n            <span class=\"flattrade-logo\">\n                FLAT<span>TRADE<\/span>\n                <small>KOSH<\/small>\n            <\/span>\n            \n\n            on\n\n            <span class=\"google-text\">\n                <span class=\"g-blue\">G<\/span><span class=\"g-red\">o<\/span><span class=\"g-yellow\">o<\/span><span class=\"g-blue\">g<\/span><span class=\"g-green\">l<\/span><span class=\"g-red\">e<\/span>\n            <\/span>\n\n            <span class=\"arrow\">\u2197<\/span>\n\n        <\/span>\n\n        <span class=\"mini-desc\">\n            Get market insights, IPO updates, and finance explainers more easily.\n        <\/span>\n\n    <\/div>\n\n<\/a>\n\n<style>\n\n\/* =========================\n   FONT\n========================= *\/\n\n\n\/* =========================\n   GLOBAL\n========================= *\/\n\n*{\n    box-sizing:border-box;\n}\n\n\/* =========================\n   BUTTON\n========================= *\/\n\n.ft-google-mini-btn{\n\n    position:relative;\n\n    display:inline-flex;\n\n    align-items:center;\n\n    gap:14px;\n\n    width:100%;\n    max-width:420px;\n\n    padding:14px 16px;\n\n    border-radius:18px;\n\n    text-decoration:none;\n\n    overflow:hidden;\n\n    font-family:'Plus Jakarta Sans',sans-serif;\n\n    border:1px solid #e5ebf5;\n\n    background:\n    linear-gradient(\n        135deg,\n        #ffffff 0%,\n        #f8fbff 50%,\n        #f4f8fd 100%\n    );\n\n    box-shadow:\n    0 3px 8px rgba(15,23,42,0.03),\n    0 10px 20px rgba(15,23,42,0.05);\n\n    transition:\n    transform 0.25s ease,\n    box-shadow 0.25s ease;\n}\n\n\/* =========================\n   HOVER\n========================= *\/\n\n.ft-google-mini-btn:hover{\n\n    transform:translateY(-2px);\n\n    box-shadow:\n    0 8px 18px rgba(15,23,42,0.06),\n    0 18px 30px rgba(37,99,235,0.07);\n}\n\n\/* =========================\n   GOOGLE ICON\n========================= *\/\n\n.google-icon{\n\n    width:42px;\n\n    height:42px;\n\n    min-width:42px;\n}\n\n\/* =========================\n   CONTENT\n========================= *\/\n\n.mini-btn-content{\n    display:flex;\n    flex-direction:column;\n}\n\n\/* =========================\n   TOP TEXT\n========================= *\/\n\n.mini-top{\n\n    font-size:11px;\n\n    line-height:1.3;\n\n    font-weight:700;\n\n    color:#64748b;\n\n    margin-bottom:2px;\n}\n\n\/* =========================\n   MAIN TEXT\n========================= *\/\n\n.mini-main{\n\n    font-size:15px;\n\n    line-height:1.35;\n\n    font-weight:800;\n\n    color:#0f172a;\n}\n\n\/* =========================\n   FLATTRADE LOGO\n========================= *\/\n\n.flattrade-logo{\n\n    position:relative;\n\n    display:inline-block;\n\n    font-size:15px;\n\n    font-weight:800;\n\n    letter-spacing:-0.3px;\n\n    color:#111827;\n}\n\n.flattrade-logo span{\n    color:#2563eb;\n}\n\n.flattrade-logo small{\n\n    position:absolute;\n\n    right:-1px;\n\n    bottom:-5px;\n\n    font-size:4px;\n\n    font-weight:800;\n\n    color:#2563eb;\n\n    letter-spacing:0.4px;\n}\n\n\/* =========================\n   GOOGLE COLORS\n========================= *\/\n\n.google-text{\n    font-weight:800;\n}\n\n.g-blue{\n    color:#4285F4;\n}\n\n.g-red{\n    color:#EA4335;\n}\n\n.g-yellow{\n    color:#FBBC05;\n}\n\n.g-green{\n    color:#34A853;\n}\n\n\/* =========================\n   ARROW\n========================= *\/\n\n.arrow{\n    color:#2563eb;\n}\n\n\/* =========================\n   DESCRIPTION\n========================= *\/\n\n.mini-desc{\n\n    margin-top:4px;\n\n    font-size:10px;\n\n    line-height:1.5;\n\n    font-weight:500;\n\n    color:#64748b;\n}\n\n\/* =========================\n   MOBILE\n========================= *\/\n\n@media(max-width:480px){\n\n    .ft-google-mini-btn{\n\n        max-width:100%;\n\n        padding:12px 14px;\n\n        border-radius:16px;\n    }\n\n    .google-icon{\n\n        width:36px;\n\n        height:36px;\n\n        min-width:36px;\n    }\n\n    .mini-main,\n    .flattrade-logo{\n        font-size:13px;\n    }\n\n    .mini-desc{\n        font-size:9px;\n    }\n\n}\n\n.ft-google-mini-btn {\n    position: relative;\n    display: inline-flex;\n    align-items: center;\n    gap: 14px;\n    width: 100%;\n    max-width: 420px;\n    padding: 14px 16px;\n    border-radius: 18px;\n    text-decoration: none;\n    overflow: hidden;\n    font-family: 'Plus Jakarta Sans', sans-serif;\n\n    \/* --- ENHANCED BORDER --- *\/\n    border: 2px solid #2563eb; \/* Using the brand blue for a strong identity *\/\n    \/* Alternative: border: 1.5px solid #cbd5e1; for a subtle slate grey *\/\n    \n    background: linear-gradient(135deg, #ffffff 0%, #f8fbff 50%, #f4f8fd 100%);\n    box-shadow: 0 3px 8px rgba(15,23,42,0.03), 0 10px 20px rgba(15,23,42,0.05);\n    transition: all 0.25s ease;\n}\n\n\/* =========================\n   HOVER STATE BORDER\n========================= *\/\n.ft-google-mini-btn:hover {\n    transform: translateY(-2px);\n    border-color: #c5d4ff; \/* Darkens the border slightly on hover *\/\n    box-shadow: 0 8px 12px rgba(37,99,235,0.15);\n}\n\n\n\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"&nbsp; IPO at a Glance Price Band \u20b9342 to \u20b9360 Face Value \u20b910 \/ share Issue Opens Aug&hellip;","protected":false},"author":10,"featured_media":52832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-52813","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipos","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sunshine Pictures IPO - Flattrade Kosh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunshine Pictures IPO - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"&nbsp; IPO at a Glance Price Band \u20b9342 to \u20b9360 Face Value \u20b910 \/ share Issue Opens Aug&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Flattrade Kosh\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-11T12:35:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prashant Gorhe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GorhePrashant\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prashant Gorhe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\"},\"author\":{\"name\":\"Prashant Gorhe\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2\"},\"headline\":\"Sunshine Pictures IPO\",\"datePublished\":\"2026-08-11T12:35:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\"},\"wordCount\":605,\"image\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg\",\"articleSection\":[\"IPOs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\",\"url\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\",\"name\":\"Sunshine Pictures IPO - Flattrade Kosh\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg\",\"datePublished\":\"2026-08-11T12:35:07+00:00\",\"author\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2\"},\"breadcrumb\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage\",\"url\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg\",\"contentUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/flattrade.in\/kosh\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sunshine Pictures IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\",\"url\":\"https:\/\/flattrade.in\/kosh\/\",\"name\":\"Flattrade Kosh\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/flattrade.in\/kosh\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2\",\"name\":\"Prashant Gorhe\",\"sameAs\":[\"http:\/\/prashantgorhe.com\",\"https:\/\/www.instagram.com\/prashant_gorhe\/\",\"https:\/\/www.linkedin.com\/in\/prashantgorhe\/\",\"https:\/\/x.com\/GorhePrashant\"],\"url\":\"https:\/\/flattrade.in\/kosh\/author\/prashant\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sunshine Pictures IPO - Flattrade Kosh","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Sunshine Pictures IPO - Flattrade Kosh","og_description":"&nbsp; IPO at a Glance Price Band \u20b9342 to \u20b9360 Face Value \u20b910 \/ share Issue Opens Aug&hellip;","og_url":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/","og_site_name":"Flattrade Kosh","article_published_time":"2026-08-11T12:35:07+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg","type":"image\/jpeg"}],"author":"Prashant Gorhe","twitter_card":"summary_large_image","twitter_creator":"@GorhePrashant","twitter_misc":{"Written by":"Prashant Gorhe","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#article","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/"},"author":{"name":"Prashant Gorhe","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2"},"headline":"Sunshine Pictures IPO","datePublished":"2026-08-11T12:35:07+00:00","mainEntityOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/"},"wordCount":605,"image":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg","articleSection":["IPOs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/","url":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/","name":"Sunshine Pictures IPO - Flattrade Kosh","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/#website"},"primaryImageOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage"},"image":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg","datePublished":"2026-08-11T12:35:07+00:00","author":{"@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2"},"breadcrumb":{"@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#primaryimage","url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg","contentUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-11-at-2.12.16-PM.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/flattrade.in\/kosh\/sunshine-pictures-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/flattrade.in\/kosh\/"},{"@type":"ListItem","position":2,"name":"Sunshine Pictures IPO"}]},{"@type":"WebSite","@id":"https:\/\/flattrade.in\/kosh\/#website","url":"https:\/\/flattrade.in\/kosh\/","name":"Flattrade Kosh","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/flattrade.in\/kosh\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/4abc93838bc7642e3e445b74cd627dc2","name":"Prashant Gorhe","sameAs":["http:\/\/prashantgorhe.com","https:\/\/www.instagram.com\/prashant_gorhe\/","https:\/\/www.linkedin.com\/in\/prashantgorhe\/","https:\/\/x.com\/GorhePrashant"],"url":"https:\/\/flattrade.in\/kosh\/author\/prashant\/"}]}},"_links":{"self":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/52813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/comments?post=52813"}],"version-history":[{"count":0,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/52813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media\/52832"}],"wp:attachment":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media?parent=52813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/categories?post=52813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/tags?post=52813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}