By Ventura Research Team 4 min Read
Sunshine Pictures IPO subscription status and category-wise bids
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Summary:

Sunshine Pictures IPO subscription surged to 42.43x by midday on Day 3, led by NII demand at 97.30x. Retail subscription stood at 39.28x, while QIB bidding reached 12.03x. The ₹282.14 crore IPO is set to close on August 20, with listing expected on August 25. Strong demand has made it one of the most heavily subscribed mainboard IPOs of the current cycle.

Sunshine Pictures IPO entered its third and final day of bidding on August 20, 2026. Incorporated in 2007, the company is a technology-driven content production business engaged in originating, creating, developing, producing, marketing, and distributing films, television serials, and web series, managing the entire value chain from script development and production to intellectual property creation, rights monetisation, and content distribution.

This is a ₹282.14 crore IPO, made up of a fresh issue of ₹172.80 crore and an offer for sale of ₹109.34 crore. The company plans to use up to ₹112.50 crore of the fresh issue proceeds for working capital requirements, while the OFS portion goes to existing shareholders selling part of their stake.

Price band is ₹342 to ₹360 per share. Lot size is 41 shares, so retail investors need ₹14,760 to apply at the upper end. The issue closes today, and listing is expected August 25 on both BSE and NSE.

Upcoming IPOs to watch out for :

Category-wise Breakdown on Day 3

CategorySubscription (Day 3, as of 12:30 PM)
Qualified Institutional Buyers (QIB)12.03x
Non-Institutional Investors (NII)97.30x
— Big NII (>₹10L)92.49x
— Small NII (₹2–10L)106.94x
Retail Individual Investors (RII)39.28x
Overall42.43x

Figures as of 12:30 PM, August 20, 2026 (Day 3, closing day), per NSE data. The issue received bids for 23.27 crore shares against 54.86 lakh shares on offer. Numbers will keep climbing through the rest of the day as bidding wraps up this evening.

What Day 3 Numbers Indicate

NII has gone into overdrive, now at an extraordinary 97.30x, with small HNIs (106.94x) running ahead of big HNIs (92.49x). This kind of surge is classic closing-day behaviour, big-ticket HNI money, often funded through NBFC loans, tends to pile in during the last few hours once investor confidence in a strong listing builds up, and that's exactly what's playing out here.

QIB has also crossed full subscription decisively, now at 12.03x, confirming institutional investors have started placing meaningful bids as the closing hours approach. Retail, while comparatively more measured than NII, is still extremely strong at 39.28x.

With overall subscription already at 42.43x by midday, and several hours of bidding still remaining before tonight's cut-off, this issue is firmly among the most heavily sought-after mainboard IPOs of the current cycle, and the final figure is likely to climb meaningfully further.

Sunshine Pictures IPO Subscription Status – Day 3 & Final

Today marks the close of bidding. With NII already past 97x and retail past 39x by midday, expect the sharpest remaining movement to come from QIB, as institutional investors typically finalise the bulk of their bids only in the last few hours before the cut-off this evening.

Sunshine Pictures IPO - Allotment and Listing Date

EventDate
Basis of AllotmentAugust 21, 2026
Refund InitiationAugust 24, 2026
Shares Credited to DematAugust 24, 2026
Listing DateAugust 25, 2026

Should You Apply for Sunshine Pictures IPO?

A few things worth weighing on the last day:

  • It's a mix of fresh issue and offer for sale, with up to ₹112.50 crore of the fresh issue proceeds going toward working capital requirements, while the OFS portion goes to existing shareholders exiting part of their stake.
  • FY26 revenue came in at ₹74.44 crore, down 28% year-on-year, though profit after tax rose 16% over the same period, alongside a healthy debt-equity ratio of 0.06.
  • The company operates in a project-based content production business, key risks include customer concentration, the unpredictable performance of individual films, and uneven earnings since the financial outcome of a few major releases can materially affect a given year.
  • With NII (97.30x), retail (39.28x), and QIB (12.03x) all deep into oversubscribed territory by midday on the final day, allotment across every category is very likely to be decided by lottery, with the odds of getting shares shrinking further as the day progresses.
  • Given the scale of demand already visible, this has become one of the most heavily oversubscribed mainboard IPOs of the current cycle.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for Sunshine Pictures IPO

You can apply through any of these routes:

  1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Sunshine Pictures, enter quantity and bid price, then authorise.
  2. UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
  3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Since this is the closing day, get your application in well before the cut-off this evening. Bid in multiples of the 41-share lot, and apply at the cut-off price to keep your allotment chances intact.

Sunshine Pictures IPO Important Dates

EventDate
IPO Open DateAugust 18, 2026
IPO Close DateAugust 20, 2026
Basis of AllotmentAugust 21, 2026
Refunds InitiatedAugust 24, 2026
Demat CreditAugust 24, 2026
Listing DateAugust 25, 2026

How to Check Sunshine Pictures IPO Subscription Status

How to check Sunshine Pictures IPO Subscription Status on NSE website

  1. Go to the NSE India website and open the "Live IPO Bidding" section.
  2. Select Sunshine Pictures Limited from the dropdown.
  3. You'll see category-wise bid numbers, updated through the trading day.

How to check Sunshine Pictures IPO Subscription Status on BSE website

  1. Visit the BSE India IPO page.
  2. Search for Sunshine Pictures under active issues.
  3. Click on it to view live bid quantity against shares reserved, split by category.

How to check Sunshine Pictures IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Sunshine Pictures from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed 0.52 times overall, a slow start typical for the opening day. Day 2 surged to 15.59x overall by the afternoon, with NII at 28.60x and retail at 18.87x.

Final Subscription Figures

Final numbers will only be available once bidding closes this evening, August 20, 2026. Check back after the window shuts for the complete category-wise final tally.

Conclusion

Sunshine Pictures' IPO has surged further into its final day, standing at 42.43x overall by midday, up from 15.59x the previous afternoon. NII has driven the bulk of this demand at an extraordinary 97.30x, with retail close behind at 39.28x and QIB crossing 12x. With several hours of bidding still remaining before tonight's close, and demand already at this scale, this issue is shaping up as one of the standout mainboard listings of the current cycle.

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