Chethimattathil Philip (CP) - brought up by two unmarried sisters - runs a well-known educational institution. The family's arch-enemy Kariachan has been blackmailing the sisters for years by threatening to reveal an old secret. He has also grabbed a lot of their properties and his final target is CP's college. Will CP lose his propert...

The film is set in modern Kuttanad, Kerala, and revolves around the lives of a Vallamkali (boatrace) fanatic named Kochu Kunju and his family.

The film tells the story of friendship. The story is centered around an eventful New Year celebration of five friends and the sequence of events following it in the next few days.