Film producer Vipul Shah's Sunshine Pictures files draft papers for IPO to raise funds

Sunshine Pictures Ltd is raising funds through an IPO of 83.75 lakh equity shares, including a fresh issue of 50 lakh shares and an Offer-for-Sale of 33.75 lakh shares by promoters. The proceeds will be used for long-term working capital and general corporate purposes. The listing aims to enhance the company's visibility and brand image.