IPO Details

About Company

Sunshine Pictures Ltd., incorporated in 2010, is a prominent player in the Indian film production and distribution industry. The company operates primarily in the entertainment sector, focusing on producing feature films, web series, and television content. It is not affiliated with any major corporate group, which allows it to maintain a unique identity in the market. Sunshine Pictures boasts a diverse portfolio of films across various genres, catering to a wide audience demographic. The company has established its manufacturing capabilities in Mumbai, which is considered the heart of the Indian film industry, and has also expanded its reach to regional markets. Geographically, Sunshine Pictures has a presence across India, with a distribution network that spans both traditional cinema and digital platforms, thereby enhancing its market penetration. As of the latest financial year, the company reported a total income of INR 150 crore, with a net profit of INR 20 crore, reflecting a healthy EBITDA margin of 15%. The return on capital employed (ROCE) stands at 12%, while the return on equity (ROE) is noted at 10%. The company's debt-equity ratio is relatively low at 0.5, indicating prudent financial management. The primary objectives of the IPO include funding expansion initiatives, enhancing production capabilities, and reducing existing debt. Post-issue, the market capitalisation is expected to reach INR 1,000 crore, with an earnings per share (EPS) of INR 5 and a price-to-earnings (P/E) ratio of 20, suggesting a balanced valuation. Investor sentiment around the IPO appears positive, driven by the growing demand for quality content and the company's established track record in the film industry.