Producer and director Vipul Amritlal Shah’s firm is bringing IPO, there can be 50 lakh new fairness shares; Draft submitted to SEBI – INA NEWS
Sunshine Photos IPO: Sunshine Photos, the movie manufacturing home owned by producer and director Vipul Amritlal Shah, needs to launch its IPO. For this, the corporate has filed the draft of IPO with the capital market regulator SEBI. The corporate first produced the movie Drive. Since then, this firm has produced many movies like Commando: A One-Man Military, Vacation: A Soldier is By no means Off Responsibility, Drive 2, Commando 2: The Black Cash Path, Bastar: The Naxal Story and The Kerala Story. And distributed.
Sunshine Photos has thus far produced 10 business movies, 2 internet sequence, 2 TV serials and one quick business movie. Aside from this, this manufacturing home is co-producing two business movies with Jio Studios. Additionally, Prasar Bharati is producing just one internet sequence for Doordarshan. Aside from this, 8 movies and a couple of internet sequence together with Good Morning Riya, The Kerala Story 2, Bulldozer and Samuk are within the pipeline for manufacturing.
Sunshine Photos IPO with new shares in addition to OFS
50 lakh new fairness shares can be issued in Sunshine Photos IPO. Additionally, there can be a proposal on the market of 33.75 lakh shares from promoter Vipul Amritlal Shah and his spouse Shefali Shah. Sunshine Photos’ listed rivals embody names like Panorama Studios Worldwide, Baweja Studios and Balaji Telefilms.
NSE stays primary in Asia when it comes to IPO in 2024, leaving your entire world behind when it comes to funds raised.
How will the IPO cash be used?
The corporate goes to make use of the cash raised by issuing new shares in its IPO for working capital wants and basic company functions. GYR Capital Advisors would be the sole e book working lead supervisor for Sunshine Photos’ IPO. The manufacturing home was began within the yr 2010.
Producer and director Vipul Amritlal Shah’s firm is bringing IPO, there can be 50 lakh new fairness shares; Draft submitted to SEBI
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