Sunshine Pictures iPo
Regarding the Sunshine Pictures IPO, It Includes a Total Offering of 83.75 Lakh Equity Shares, which consists of a fresh ish isue of 50 lakh shares and an offer-with (ofs) of 33.75 lakh shares by 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 iPo
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 Remainer for General Corporate Purposes.
M & B Engineering IPO
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 amouncing 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 facilites, while 60 Crore will be directed towards debt repayment, 110 Crore for Working Capital Needs, and the Remining Amount will be allocated for general corporate purposes.
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