Upcoming IPO, June 18 -- Film and television producer-director Vipul Shah-supported Sunshine Pictures, Lumino Industries, and M&B Engineering have received approval from Sebi to raise capital through initial public offerings (IPOs), according to an update released by the markets regulator on Tuesday. The three companies submitted their preliminary IPO documents to SEBI between January and February and received their observations from June 9 to June 13. In the context of SEBI, receiving observations signifies its approval to launch the public issue.
Regarding the Sunshine Pictures IPO, it includes a total offering of 83.75 lakh equity shares, which consists of a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh share...
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