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Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries

Economic Times · 4d

The Securities and Exchange Board of India (SEBI) has approved IPOs for Sunshine Pictures, M&B Engineering, and Lumino Industries. Sunshine Pictures plans to issue 83.75 lakh shares, with proceeds aimed at working capital and corporate needs. M&B Engineering will raise Rs 653 crore, targeting machinery, debt repayment, and working capital. Lumino Industries seeks Rs 1,000 crore, with a focus on debt reduction, capital expenditure, and general purposes. These IPOs reflect a diverse range of industries entering the market.