Sunshine Pictures Ltd - IPO

Sunshine Pictures Ltd IPO Details

Initial public offering of up to 78,37,191 equity shares of face value of Rs. 10 each (Equity Shares) of Sunshine Pictures Limited (the Company or the Issuer) for cash at a price of Rs. 360 per equity share (Including a Securities Premium of Rs. 350 per Equity Share) (Offer Price) aggregating up to Rs. 282.14 Crores comprising a fresh issue of up to 48,00,034 equity shares of face value of Rs. 10 each aggregating up to Rs. 172.8 Crores by the company (Fresh Issue) and an offer for sale of up to 30,37,157 equity shares of face value of Rs. 10 each aggregating up to Rs. 109.34 Crores (Offered Shares) by the selling shareholders, comprising up to 20,31,388 equity shares of face value of Rs. 10 each aggregating up to Rs. 73.13 Crores by Vipul Amrutlal Shah and up to 10,05,769 equity shares of face value of Rs. 10 each aggregating up to Rs. 36.21 Crores by Shefali Vipul Shah (Collectively the Selling Shareholders or Promoter Selling Shareholders), (Offer for Sale, together with the fresh issue, the Offer). The offer will constitute 25.16% of the post-offer paid-up equity share capital. Price Band: Rs. 342 to Rs. 360 per equity share bearing face value of Rs.10 each.The floor price is 34.2 times of the face value of the equity shares and the cap price is 36.0 times of the face value of the equity shares. Bids can be made for a minimum of 41 equity shares of face value of Rs. 10 each and in multiples of 41 equity shares of face value of Rs. 10 each thereafter.

Objective of issue

Funding the working capital requirement of the company. General corporate purposes.

Sunshine Pictures Ltd Contact Details

Sunshine Pictures Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@sunshinepictures.in

Website - www.sunshinepictures.in