Sunshine Pictures files for an IPO to raise up to Rs 94 crore for film and web series projects.

Sunshine Pictures Ltd, led by Vipul Shah, is filing for an Initial Public Offering (IPO) to raise funds. The IPO includes 50 lakh fresh shares and 33.75 lakh shares from promoters, raising up to Rs 94 crore for long-term working capital and growth. The company, which has been profitable, plans to use the funds for future film and web series projects. GRY Capital Advisors is managing the issue.

3 months ago
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