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Sunshine Pictures Limited. IPO

  August 20,2026

Sunshine Pictures Limited was originally incorporated in 2007 as Energetic Films Private Limited, renamed Sunshine Pictures Private Limited in 2010, and converted to a public limited company under its present name in 2024. It is a Mumbai-based production house with a portfolio of 13 commercial films, two web series and three TV serials, plus the Sunshine Music and Sunshine Digital verticals. Per the D&B Report, its production "The Kerala Story" was the highest return-on-investment blockbuster of 2023. Promoter and CMD Vipul Amrutlal Shah has been on the Board since incorporation in 2007

The company operates in India's film and media entertainment value chain, where demand is driven by rising theatrical releases, box-office recovery and growing OTT/digital consumption. Per the D&B Report, the film entertainment segment grew from INR 172 billion in 2022 to INR 205 billion in 2025 (6% CAGR) and is projected to reach INR 253 billion by 2028 (7% CAGR), with digital media the fastest-growing segment at a 14% CAGR. 

Its operating model combines self-financed standalone productions, where it retains full IP rights and revenues, with co-productions alongside studios such as Jio Studios, backed by an in-house post-production pipeline covering DI colour grading, VFX and Dolby Atmos. Of 13 films produced since inception, seven were co-produced and six self-produced.

 

 

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