Movie producer Vipul Shah’s Sunshine Footage information draft papers for IPO to boost funds

Vipul Shah, producer of The Kerala Story. File.
| Picture Credit score: EMMANUAL YOGINI

Movie and tv producer-director Vipul Shah-backed Sunshine Footage Ltd has filed draft papers with the market regulator Sebi to boost funds by means of an preliminary public providing (IPO).

The IPO contains a complete provide dimension of 83.75 lakh fairness shares together with a contemporary difficulty of fifty lakh shares and an Provide-for-Sale (OFS) of 33.75 lakh shares by promoters, in keeping with the draft crimson herring prospectus (DRHP).

Promoter Vipul Amrutlal Shah is proposing to promote 23.69 lakh shares, whereas Shefali Vipul Shah plans to dump 10.05 lakh shares.

The corporate plans to make the most of the proceeds from the contemporary difficulty to fulfill its long-term working capital necessities, allocating as much as Rs 94 crore to help future development and operations, together with different basic company functions.

Moreover, the itemizing of its fairness shares on the inventory exchanges is anticipated to reinforce the corporate’s visibility, strengthen its model picture, and create a public marketplace for its shares in India.

Sunshine Footage is without doubt one of the famend production-houses engaged within the enterprise of originating, creating, creating, producing, advertising and distribution of movies and internet collection.

The corporate has produced 10 industrial movies, together with 6 co-produced with main studios, 2 internet collection, 2 TV serials, and 1 brief industrial movie.

At the moment, it’s co-producing 2 industrial movies with Jio Studios, that are below manufacturing, and solely producing 1 internet collection for Prasar Bharati, streaming on Doordarshan and its OTT platform. The corporate additionally has 8 movies and a pair of internet collection within the manufacturing pipeline.

The corporate’s upcoming movie tasks embrace Good Morning Rhea, Governor, The Kerala Story 2, Bulldozer, Samuk, Kaanha, and Bheem. Its internet collection tasks are Maaya, Nanavati vs Nanavati, and Whistle Blower.

The corporate has been worthwhile for the final three fiscal years and the primary half of FY25. Its internet revenue was ₹45.64 crore in H1 FY25, ₹52.45 crore in FY24, ₹2.31 crore in FY23, and ₹11.2 crore in FY22.

Its income from operations stood at ₹133.8 crore in FY24, ₹26.51 crore in FY23, and ₹87.13 crore in FY22, whereas it earned ₹39.02 crore in H1 FY25.

GRY Capital Advisors is the only real guide operating lead supervisor to the difficulty.