Sunshine Pictures IPO: Even in the year 2025, there is a movement in the IPO market. Entertainment industry companies are also coming up with IPOs this year. One of these IPOs could be that of Sunshine Pictures Limited. Film production house Sunshine Pictures Ltd, owned by producer and director Vipul Amritlal Shah, has filed documents with market regulator Sebi to raise funds through an IPO.
According to documents filed with the Securities and Exchange Board of India (Sebi), the proposed IPO of 83.75 lakh shares is a combination of 50 lakh new shares and an offer for sale (OFS) of 33.75 lakh shares. Promoter Vipul Amritlal Shah plans to sell 23.69 lakh shares, while Shefali Vipul Shah plans to sell 10.05 lakh shares.
Sunshine Pictures Limited plans to use the proceeds of the IPO to meet its long-term working capital requirements. Additional Rs. 94 crore will be used to support future growth and operations along with other general corporate purposes. GYR Capital Advisors will be the sole book running lead manager appointed to handle the IPO.
Sunshine Pictures is one of the well-known production companies engaged in the business of production, development, marketing and distribution of films and web series. Talking about the popular projects of this company, films like The Kerala Story, Commando, Force, Action Replay are included. Let us tell you that there was a lot of controversy regarding the Kerala story. This film is produced by Vipul Shah. Sunshine Pictures will compete with listed companies like Panorama Studios International, Baveja Studios and Balaji Telefilms.
Sunshine Pictures Limited has been profitable for the last three financial years and the first six months of FY25. Its profit was Rs 45.64 crore in H1FY25, Rs 52.45 crore in FY24, Rs 2.31 crore in FY23 and Rs 11.2 crore in FY22. Its revenue from operations in FY24 was Rs. 133.8 crore, in FY23 Rs. 26.51 crore and in FY22 Rs. 87.13 crore, while in H1FY25 it had Rs. Earned 39.02 crores.
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