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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India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.

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Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey

Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore

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