New Delhi: Film and television producer-director Vipul Shah-backed Sunshine Pictures Ltd has filed draft papers with the market regulator Securities and Exchange Board of India (SEBI) 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, according to the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is proposing to sell 23.69 lakh shares, while Shefali Vipul Shah plans to offload 10.05 lakh shares.
ALSO READ: आफकन्स इन्फ्रास्ट्रक्चरनि बाहागोआ 6 जौखोन्दो बांदों, रेकर्ड गोजौआव सौहैदों; बेयाव मानो दं
Sunshine Pictures files for IPO with SEBI to raise funds.
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. Sunshine Pictures is one of the renowned production houses engaged in creating, developing, producing, marketing and distributing films and web series. The company has produced 10 commercial films, including six (6) co-produced with leading studios, two (2) web series, two (2) TV serials, and one (1) short commercial movie.
Production House Expands Film & Web Series Portfolio, Reports Consistent Profit Growth
Currently, it is co-producing two (2) commercial films with Jio Studios, which are under production, and solely producing one (1) web series for Prasar Bharati, streaming on Doordarshan and its OTT platform. The company also has eight (8) films and two (2) web series in the production pipeline. The company's upcoming film projects include Good Morning Rhea, Governor, The Kerala Story 2, Bulldozer, Samuk, Kaanha, and Bheem. Its web series projects are Maaya, Nanavati vs Nanavati, and Whistle Blower.
ALSO READ: वेस्टार्न केरियारआ वेदान्तानिफ्राय अर्डार देरहादों, सेयारफोरा मुलाम्फा जादों
The company has been profitable for the last three fiscal years and the first half of FY25. Its net profit was Rs 45.64 crore in H1 FY25, Rs 52.45 crore in FY24, Rs 2.31 crore in FY23, and Rs 11.2 crore in FY22. Its revenue from operations stood at Rs 133.8 crore in FY24, Rs 26.51 crore in FY23, and Rs 87.13 crore in FY22, while it earned Rs 39.02 crore in H1 FY25. GRY Capital Advisors is the sole book-running lead manager for the issue.
FIRST Business Portal addressing the potential of business capability of North East Region.
