Latest news with #VipulAmrutlalShah
Mint
6 days ago
- Business
- Mint
Upcoming IPO: Sunshine Pictures, Lumino Industries, M&B Engineering get SEBI's nod to launch IPOs
Upcoming IPO: 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 shares by its promoters, as detailed in the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is set to sell 23.69 lakh shares, while Shefali Vipul Shah plans to sell 10.05 lakh shares. The company intends to use the funds raised from the fresh issue to meet its long-term working capital needs, with an allocation of up to ₹ 94 crore to bolster future growth and operations, along with other general corporate uses. Lumino Industries, an EPC company focused on conductors, power cables, and power EPC projects, aims to raise ₹ 1,000 crore through its inaugural public issue. The IPO consists of a fresh issue of shares worth ₹ 600 crore alongside an OFS of ₹ 400 crore from its promoters. The Kolkata-based firm plans to allocate ₹ 420 crore of the fresh issue proceeds to decrease its debts, ₹ 15 crore for capital expenditures, and the remainder for general corporate purposes. M&B Engineering, which specializes in Pre-Engineered Buildings (PEB) and Self-Supported Roofing, seeks to raise ₹ 653 crore through its initial share sale. The proposed IPO from the Gujarat-based company will include a fresh issue of equity shares amounting to ₹ 325 crore and an OFS worth ₹ 328 crore from its promoters, as indicated in the draft documents. The funds generated from the fresh issue, totaling ₹ 63.9 crore, will be utilized for purchasing equipment and machinery for the company's manufacturing facilities, while ₹ 60 crore will be directed towards debt repayment, ₹ 110 crore for working capital needs, and the remaining amount will be allocated for general corporate purposes. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
6 days ago
- Business
- Time of India
Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Capital markets regulator Sebi has given the green light to three companies -- Vipul Shah-backed Sunshine Pictures , Gujarat-based M&B Engineering, and power infrastructure firm Lumino Industries -- to raise funds via initial public offerings (IPOs).Sunshine Pictures, co-founded by filmmaker Vipul Amrutlal Shah, has received approval to raise funds through an IPO comprising 83.75 lakh equity issue includes a fresh issue of 50 lakh shares and an offer-for-sale (OFS) of 33.75 lakh shares by promoters. Shah will offload 23.69 lakh shares while Shefali Vipul Shah will sell 10.05 lakh company plans to deploy up to Rs 94 crore from the fresh issue to meet long-term working capital needs and for general corporate Gujarat-based M&B Engineering, a leading manufacturer of Pre-Engineered Buildings (PEB) and Self-Supported Roofing systems, will raise Rs 653 crore through its offer comprises a fresh issue of Rs 325 crore and an OFS of Rs 328 crore by promoters. With one of the highest installed capacities in its segment—103,800 MTPA for PEB and 1.8 million sq. metres for Self-Supported Roofing—the company will allocate Rs 63.9 crore for machinery purchases, Rs 60 crore for debt repayment, and Rs 110 crore towards working capital parallel, Kolkata-based Lumino Industries, a fast-growing player in conductors, power cables, and EPC services, will tap the markets with a Rs 1,000 crore includes a fresh issue worth Rs 600 crore and an OFS of Rs 400 crore by promoters Devendra Goel and Jay Goel. The proceeds will be used for debt reduction (Rs 420 crore), capital expenditure (Rs 15.08 crore), and general corporate purposes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Sunshine Pictures, Lumino, M&B Engineering secure Sebi nod for IPOs
Film and television producer-director Vipul Shah-backed Sunshine Pictures, Lumino Industries and M&B Engineering have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Tuesday. The three firms, which filed their preliminary IPO papers with Sebi during January-February, obtained their observations between June 9 and June 13. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As for the Sunshine Pictures issue, its IPO comprises a total offer size of 8.3 million equity shares, including a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 3.3 million shares by promoters, according to the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is proposing to sell 2.3 million shares, while Shefali Vipul Shah plans to offload 1 million shares. The company plans to utilise 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. Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, is looking to mobilise Rs 1,000 crore through its maiden public issue. The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an OFS of Rs 400 crore by promoters. The Kolkata-based company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing, and Rs 15 crore will go for capex, while the rest will be used for general corporate purposes. M&B Engineering, provider of Pre-Engineered Buildings (PEB) and Self-Supported Roofing, plans to raise Rs 653 crore through its initial share sale. The Gujarat-based company's proposed IPO is a combination of a fresh issue of equity shares valued at Rs 325 crore and an OFS of Rs 328 crore by promoters, the draft papers showed. Proceeds from the fresh issue to the extent of Rs 63.9 crore will be used for purchasing equipment and machinery for the company's manufacturing facilities, Rs 60 crore for payment of debt, Rs 110 crore to meet the company's working capital requirements and the remaining funds will be allocated towards general corporate purposes.
India.com
04-06-2025
- Entertainment
- India.com
This 2 hour 17 minutes film is Rs 300 crore blockbuster, the story will give you goosebumps, budget was Rs 30 crore, lead actors are...
This 2 hour 17 minutes film is Rs 300 crore blockbuster, the story will give you goosebumps, budget was Rs 30 crore, lead actors are... When we talk about crime dramas, very few enthralled audiences, like the Kerala Story. Inspired by true events, this gripping narrative sparked widespread debate since its theatrical release in 2023. Helmed by Studito Sen and bankrolled by Vipul Amrutlal Shah, this film explores themes of faith, manipulation and resilience. The star cast led by Adah Sharm, also featured Yogita Bilani, Sonia Balani, and Siddhi Idnani in pivotal roles. The story revolves around three young women Shalini, Nimah, and Geetanjali. Their fate took a harrowing turn when their roommate, Asifa, manipulates them into converting a different faith. The films sparks meaningful introspection on complexities of religious identity and dangers of extremist ideologies. Despite being banned in certain regions and facing objections for its content, The Kerala Story was among the biggest successes of 2013. Made in reported budget of Rs 30 crore, the film was a commercial success, earning Rs 300 crore globally. The Kerala Story was a game-changer in Adah Sharma's career, as she garnered massive popularity following its success. She was hailed for her deeply real yet emotionally raw performance. Reflecting on The Kerala Story's success, Adah said in an interview, 'After Kerala Story, there are a lot of things which I am doing, which are quite different. I am happy that filmmakers are seeing that I can do different roles.' The film fearlessly tackles sensitive issues and deserves a spot on your watchlist. If you haven't watch The Kerala Story yet, You can catch it on Zee 5.
&w=3840&q=100)
First Post
10-05-2025
- Entertainment
- First Post
'The Kerala Story' producer Vipul Shah: 'It became the highest-grossing female-centric film of all time, didn't approach any A-list actress because...'
'The Kerala Story' talks about a group of women from Kerala who are forced into converting to Islam and joining the Islamic State read more Vipul Amrutlal Shah produced two films with Adah Sharma in 2023 and 2024- 'The Kerala Story' and 'Bastar', both based on real-life events that shook the nation. 'The Kerala Story' talks about a group of women from Kerala who are forced into converting to Islam and joining the Islamic State. Based on a true story, the film is premised on the Hindutva conspiracy theory of 'love jihad' and claims that thousands of Hindu women from Kerala have been converted to Islam and recruited into the Islamic State. STORY CONTINUES BELOW THIS AD It made over Rs 250 crore at the box-office in India and was the highest-grossing female-oriented film in Hindi cinema. As the film turned one, Vipul Shah spoke exclusively to Firstpost. Edited excerpts from the interview What were your expectations when the film was released? The answer to that is nobody in its wildest of dreams can expect a film to be a blockbuster of this proportion. It became the highest ever grossing film in the history of cinema in the female-centric films genre. Now, this cannot be predicted by anybody. However, the most important thing for us was to expose the truth. And there was a lot of opposition against this, and a lot of people were trying to discredit us. But people saw through it, and people went in huge numbers to see the film. And even today, after two years, people talk about The Kerala Story. It was a massive success for Zee5, one of the highest viewed films on the platform. And wherever it goes, people connect with it, and people watch it in huge numbers. I mean, that's the biggest success for the film, that people have found it to be an absolutely true depiction of the situation in those parts of Kerala. And I think that that is what matters the most. What resonated with the audiences according to you? What resonated with the audience, according to me, is the exposé and the truthfulness of it. People cannot be misguided by a smear campaign. People can see through the smear campaign. For example, a person like Dhruv Rathee made a video and in that he said that our numbers were all wrong. There were no 32,000 numbers. Even in the Kerala Assembly, the document that was presented was showing a number of 2,000 and not 7,000 plus. And when we made a video in the month of June, which is a 17-minute video available on YouTube, which gives you the full account of the number of 32,000, in which we have put the paper, which was an assembly record, where the number is 7,700. STORY CONTINUES BELOW THIS AD We wanted Dhruv Rathee to react to it, but obviously he had shot and scooted. So he was not interested in engaging with us after what he had to do he had done. And people are smart enough to see through it. Nobody who are trying to call this film a lie. So people love the film for it having a complete true depiction of the picture of the serious problem that was happening in Kerala, that is still happening. And I think somewhere the pain of those girls connected with the audience, they could see their own daughters and sisters in that film. And that, I think, was the biggest reason why people connected with it. Did you ever approach any A-list actress for this role? I did not reach out to any Bollywood A-list actress, so it would be presumptuous of me to make any call whether they would or they would not. We wanted the film to look like all the actors playing characters should look like the characters and not the stars. And so we went ahead with the cast that we had. STORY CONTINUES BELOW THIS AD What's your take on the way Adah essayed this role? Adah Sharma has shown extreme courage to play this role. We had told her at the time that there could be huge trolling on social media, losing some work, and all kinds of fears that were surrounding this film. But she connected with the character and so she decided to take it on knowing very well all the consequences. So a big shout out to her. It requires a lot of courage to put everything at stake and do something that you believe in.
