Sunshine Pictures has received Securities and Exchange Board of India’s (SEBI's) go ahead to raise funds through an initial public offering (IPO). The IPO comprises a total offer size of 83.75 lakh equity shares including a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh shares by promoters.
The company plans to utilize the proceeds from the fresh issue to meet its long-term working capital requirements, allocating up to Rs 94 crore to support future growth and operations, along with other general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's visibility, strengthen its brand image, and create a public market for its shares in India. GRY Capital Advisors is the sole book running lead manager to the issue.
Sunshine Pictures is one of the renowned production-houses engaged in the business of originating, creating, developing, producing, marketing and distribution of films and web series.
| Company Name | CMP |
|---|---|
| PVR | 939.10 |
| Saregama India | 341.65 |
| Shemaroo Entertain. | 104.65 |
| Balaji Telefilms | 93.52 |
| UFO Moviez | 73.70 |
| View more.. | |
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