Sunshine Pictures IPO Day 2 Subscription at 15.59x: Key Details

Sunshine Pictures' IPO is now in its second day of bidding, August 19, 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, August 20, and listing is expected August 25 on both BSE and NSE.

Sunshine Pictures IPO - Day 2 Subscription Status

Day 1 closed with the issue subscribed 0.52 times overall, a slow start typical for the opening day of a mainboard IPO. Demand has surged sharply on Day 2, driven overwhelmingly by NII bidding.

Category-wise Breakdown on Day 2

Figures as of 3:18 PM, August 19, 2026 (Day 2, consolidated bid details), per NSE data. The issue received bids for 8.55 crore shares against 54.86 lakh shares on offer.

What Day 2 Numbers Indicate

NII has driven this surge in dramatic fashion, climbing to 28.60x, with small HNIs (39.58x) running well ahead of big HNIs (23.11x). This kind of jump from Day 1 to Day 2 usually reflects big-ticket HNI money, often funded through NBFC loans, moving in earlier than the typical last-day rush, a sign of strong conviction in the listing.

Retail has also picked up meaningfully, from 0.52x on Day 1 to 18.87x by Day 2's afternoon, comfortably oversubscribed and now firmly in lottery-allotment territory.

QIB, at just 0.09x, remains the one category still far short of full subscription. This is standard behaviour, institutional investors typically place the bulk of their bids in the final hours of the closing day, so this figure has meaningful room to move before the issue shuts today.

Overall subscription at 15.59x by Day 2's afternoon confirms the issue has moved firmly into oversubscribed territory, driven almost entirely by NII and retail demand. Given the company's steady FY26 financial performance, revenue of ₹74.44 crore and profit of ₹40.02 crore, along with a healthy debt-equity ratio of 0.06, this broad-based investor enthusiasm tracks with a reasonably solid underlying business case, though the real test for QIB will come in the final hours today.

Sunshine Pictures IPO - Allotment and Listing Date

Should You Apply for Sunshine Pictures IPO?

A few things worth weighing before you decide:

• 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.
• By Day 2's afternoon, NII (28.60x) and retail (18.87x) were both deeply oversubscribed, while QIB, at 0.09x, still had significant ground to cover heading into the final day.
• With demand already running well ahead of the shares on offer in NII and retail, allotment in both categories is very likely to be decided by lottery.

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

Day 1 & Day 2 Subscription Updates

Day 1 closed at 0.52x overall. Day 2 has surged sharply to 15.59x overall, with NII at 28.60x and retail at 18.87x, while QIB, at 0.09x, still has significant room to move ahead of today's final-day close.

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 a mainboard IPO's opening day.

Final Subscription Figures

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

Conclusion

Sunshine Pictures' IPO has surged sharply into Day 2, moving from 0.52x at Day 1's close to 15.59x, with NII (28.60x) and retail (18.87x) both deeply oversubscribed. QIB, at just 0.09x, remains the category with the most room to move as the issue heads into its final hours of bidding today. As a technology-driven content production company with a healthy balance sheet, this strong NII and retail response is a good signal heading into the August 20 close.