Sunshine Pictures Limited IPO

Its success is primarily dependent on audience acceptance of the company film, web series and TV serials, which is extremely difficult to predict and therefore inherently risky.

Its ability to exploit and monetize the company project is limited to the rights that its retain or own.

The company is dependent on the Indian box office success of its films from which a significant portion of the company revenues are derived.

Delays, cost overruns, cancellation or abandonment of the completion or release of films, web series or television serial may have an adverse effect on its business.

The company derives the majority of its revenue from its top 5 customers i.e. the Studios and independent distributors. Any loss of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flow.

The company has in past entered into related party transactions and its may continue to do so in the future.

Its ability to successfully complete the company own productions, to enter into co-productions and to acquire content depends on its ability to maintain cordial relationships with creative talent and other industry participants.

The company has sustained negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future.

Its may not be able to adequately protect the company intellectual property, which could harm the value of its brand and services.

Some viewers or civil society organisations may find its film content objectionable.