SEBI (Securities and Exchange Board of India) has given the green signal to three new initial public offerings (IPOs), creating excitement among investors. Sunshine Pictures, supported by renowned filmmaker Vipul Amrutlal Shah, Lumino Industries, and M&B Engineering are set to hit the Indian stock market soon. These IPO approvals, received between June 9 and June 13, 2025, will offer fresh investment opportunities across media, engineering, and EPC sectors.
Let’s explore the key highlights, IPO sizes, and utilization plans for these three upcoming IPOs.
Sunshine Pictures IPO: Bollywood Joins Dalal Street
One of the most anticipated IPOs is from Sunshine Pictures Pvt Ltd, a Mumbai-based production house established by Vipul Amrutlal Shah, known for blockbuster films like Aankhen and Commando series. The entry of Bollywood into the stock market has already captured the attention of both retail and institutional investors.
Sunshine Pictures IPO Details:
- Total Issue Size: 83.75 lakh equity shares
- Fresh Issue: 50 lakh shares
- Offer-for-Sale (OFS): 33.75 lakh shares by promoters
- Promoters Selling Stake:
- Vipul Amrutlal Shah: 23.69 lakh shares
- Shefali Vipul Shah: 10.05 lakh shares
Fund Utilization Plan:
- Working Capital Requirements: ₹94 crore allocated to strengthen operations and fuel future growth.
- General Corporate Purposes: Remaining amount to cover business expansion and other operational needs.
Sunshine Pictures is gearing up to use this IPO to expand its production slate and possibly diversify into digital content and OTT platforms, riding on the growth of India’s media and entertainment sector.
Lumino Industries IPO: Powering Growth with ₹1,000 Crore Issue
Next on the list is Lumino Industries Ltd., an EPC (Engineering, Procurement, and Construction) company specializing in conductors, power cables, and EPC projects in the power sector. Headquartered in Kolkata, Lumino is eyeing substantial funds to strengthen its financial position.
Lumino Industries IPO Details:
- Total Issue Size: ₹1,000 crore
- Fresh Issue: ₹600 crore
- Offer-for-Sale (OFS): ₹400 crore from promoters
Fund Utilization Plan:
- Debt Repayment: ₹420 crore earmarked for reducing existing debts.
- Capital Expenditure (Capex): ₹15 crore for new infrastructure and machinery.
- General Corporate Uses: Remaining balance for strengthening operations and expansion plans.
As India pushes for infrastructure and electrification growth, Lumino’s IPO arrives at the right time, tapping into the nation’s accelerating power sector.
M&B Engineering IPO: Gujarat’s Industrial Giant Eyes ₹653 Crore
M&B Engineering Ltd., based in Gujarat, is another prominent player entering the IPO arena. The company is well-known in the Pre-Engineered Buildings (PEB) sector and specializes in Self-Supported Roofing Systems. Its offerings cater to industries like warehouses, factories, and logistic parks.
M&B Engineering IPO Details:
- Total Issue Size: ₹653 crore
- Fresh Issue: ₹325 crore
- Offer-for-Sale (OFS): ₹328 crore by promoters
Fund Utilization Plan:
- Equipment and Machinery Purchase: ₹63.9 crore for upgrading manufacturing capabilities.
- Debt Reduction: ₹60 crore to improve financial stability.
- Working Capital Needs: ₹110 crore allocated.
- General Corporate Purposes: Balance to enhance company operations.
Given the ongoing boom in India’s logistics and industrial infrastructure sectors, M&B Engineering’s IPO could generate significant traction among investors.
Why These IPOs Matter: Investor Outlook
These IPO approvals by SEBI come at a time when India’s primary markets are witnessing renewed enthusiasm, particularly after successful listings of firms in sectors like infrastructure, FMCG, and defense.
- Diverse Sector Representation: From Bollywood to power infrastructure and industrial engineering, these IPOs provide sectoral diversification for investors.
- Growth Plans: All three companies plan to use the funds primarily for debt reduction, capacity expansion, and working capital, which strengthens their fundamentals.
- Bollywood’s Stock Market Debut: Sunshine Pictures marks a rare entry of a Bollywood production house into the Indian stock markets, adding a flavor of entertainment to traditional investing.
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