Sunshine Pictures IPO is witnessing strong demand in the grey market after the issue received an overwhelming response from investors. As of August 22, 2026, the Sunshine Pictures IPO GMP stood at ₹63 per share, up from ₹62 on August 21.
With the IPO price fixed at ₹360 per share, the latest GMP indicates an estimated listing price of ₹423. This translates into a potential listing premium of 17.50% over the issue price.
The IPO was subscribed 105.81 times overall, with particularly strong demand from non-institutional investors.
The latest Sunshine Pictures IPO GMP stands at ₹63 per share. Based on the upper IPO price of ₹360, the estimated listing price is ₹423 per share.
At the current GMP, investors could potentially earn ₹2,583 per lot, based on the reported lot size of 41 shares.
| Date | IPO Price | GMP | Estimated Listing Price | Estimated Gain |
|---|---|---|---|---|
| August 22, 2026 | ₹360 | ₹63 | ₹423 | ₹2,583 |
| August 21, 2026 | ₹360 | ₹62 | ₹422 | ₹2,542 |
| August 20, 2026 | ₹360 | ₹80 | ₹440 | ₹3,280 |
| August 19, 2026 | ₹360 | ₹77 | ₹437 | ₹3,157 |
| August 18, 2026 | ₹360 | ₹77 | ₹437 | ₹3,157 |
| August 17, 2026 | ₹360 | ₹73 | ₹433 | ₹2,993 |
| August 16, 2026 | ₹360 | ₹54 | ₹414 | ₹2,214 |
| August 15, 2026 | ₹360 | ₹50 | ₹410 | ₹2,050 |
| August 14, 2026 | ₹360 | ₹50 | ₹410 | ₹2,050 |
| August 13, 2026 | ₹360 | ₹30 | ₹390 | ₹1,230 |
The GMP has remained positive throughout the reported period. It rose from ₹30 on August 13 to ₹80 on August 20 before moderating to ₹63 on August 22.
The Sunshine Pictures IPO received an overwhelming response, with the issue subscribed 105.81 times overall.
The qualified institutional buyers’ (QIB) portion was subscribed 123.52 times, while the non-institutional investor (NII) portion was subscribed 197.04 times.
Within the NII category, the small NII segment was subscribed 194.27 times, while the big NII category saw subscription of 198.42 times.
The retail individual investor (RII) portion was subscribed 56.60 times.
| Investor Category | Subscription | Approx. Allotment Chance |
|---|---|---|
| QIB | 123.52x | — |
| NII | 197.04x | — |
| S-NII | 194.27x | ~1 out of 195 |
| B-NII | 198.42x | ~1 out of 199 |
| RII | 56.60x | ~1 out of 57 |
| Overall | 105.81x | — |
The exceptionally high subscription means that retail investors faced intense competition for allotment. Based on the reported subscription figures, the estimated retail allotment probability is around one in 57 applications.
The latest GMP of ₹63 implies that the grey market is currently expecting Sunshine Pictures shares to list at around ₹423.
This represents a potential 17.50% premium over the IPO’s upper price band of ₹360. However, the GMP has moderated from ₹80 on August 20 to ₹63 on August 22.
The grey market premium is an unofficial indicator and is not regulated by stock exchanges. It can change before listing, and the actual listing price may differ from the GMP-based estimate.
The Sunshine Pictures IPO allotment is marked for August 21, 2026. Following the allotment process, successful applicants will receive shares in their demat accounts, while funds for unsuccessful applications will be refunded or released according to the IPO process.
Given the 105.81x overall subscription, investors should expect a highly competitive allotment process.
Although the GMP remains positive, it has declined from ₹80 on August 20 to ₹63 on August 22. Investors should therefore track the latest GMP trend while keeping in mind that grey-market premiums are unofficial and do not guarantee the actual listing price.
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