Mumbai: Sunshine Pictures, a movie production company run by filmmaker Vipul Amrutlal Shah, is getting ready to raise money by selling shares to the public in an Initial Public Offering (IPO). Shah says they will soon submit documents to kick off this process.
Founded in 2007, Sunshine Pictures hopes to collect around ₹500 crore through new shares and some shares sold by current owners. Shah mentioned that the way people view films has changed a lot. More big companies are now investing in Indian movies, and some international businesses are also joining in. He believes it’s the right time for Sunshine Pictures to grow bigger and that’s why they want to enter the IPO market.
Recently, the Hindi film industry has faced many challenges. Many movies haven’t done well in theaters, and streaming services are being more careful with how they spend money, making it tough for production companies. Shah explained that they have a special way of working on film projects that benefits everyone involved. They focus on reducing risks for their films and want to build long-term partnerships. Depending on how much money they have, sometimes they work with big studios or invest in their own movies completely. Shah and his team are committed to making their projects successful!
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