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

June 17, 2025

Three firms — Sunshine Pictures, M&B Engineering, and Lumino Industries — have secured Sebi approval to raise over Rs 1,650 crore via IPOs. Proceeds will be used for debt repayment, working capital, capex, and corporate needs, with mixed fresh issues and OFS components across all three companies.

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