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The couple purchased the estate for $14.65 million in 2020, shortly after stepping back from royal duties and moving to the United States. View More
Augmont Enterprises secured Rs 246.3 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on August 21. Augmont Enterprises plans to use fresh issue proceeds for working capital and inventory. The IPO comprises a fresh issue and an offer for sale component. Shares are scheduled to list on the NSE and BSE on August 31. View More
Jewellery and bullion platform Augmont Enterprises raised Rs 246.3 crore from anchor investors on Thursday ahead of its initial public offering (IPO), which opens for public subscription on August 21. Augmont Enterprises allotted 31.25 lakh shares to 15 institutional investors at Rs 788 apiece through its anchor book on Thursday, August 20. The investors included Nomura and Societe Generale, among others. Domestic mutual funds accounted for 13.83 lakh shares of the anchor allocation across five schemes. The participating fund houses were HDFC Asset Management Company , Nippon Life India Asset Management , Tata Asset Management Company and Trust Mutual Fund. Edelweiss Life Insurance Company was allotted 1.26 lakh shares, worth Rs 10 crore. Other investors in the anchor book included Bengal Finance and Investment, backed by investor Ashish Kacholia; Girik Multicap Growth Equity Fund, managed by Girik Capital; Turnaround Opportunities Fund, managed by 360 ONE WAM; Authum Investment and Infrastructure, Jupiter Fund Management and Lion Global Investors. Augmont Enterprises IPO details Live Events The Augmont Enterprises IPO comprises a fresh issue of 0.79 crore shares aggregating to Rs 620 crore and an offer for sale of 0.26 crore shares aggregating to Rs 205 crore. The IPO will open on August 21, 2026, and close on August 25. The company has fixed the price band at Rs 750-788 per share, with a lot size of 19 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,972 for one lot. The allotment is expected to be finalised on August 27, while the shares are scheduled to list on the NSE and BSE on August 31. MUFG Intime India is the registrar to the issue. Nuvama Wealth Management , Intensive Fiscal Services, JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers. The company will not receive any proceeds from the offer for sale. According to its red herring prospectus, the proceeds from the OFS will accrue to the promoter selling shareholders after deducting their respective share of offer expenses and applicable taxes. The company plans to use the proceeds from the fresh issue to fund future working capital requirements towards procurement, maintenance and scaling up of inventory, as well as advance margin requirements for procurement of inventory. The remaining proceeds will be used for general corporate purposes. Augmont Enterprises business Augmont Enterprises is an integrated gold and silver platform serving businesses and consumers across India and international markets. The company operates two primary online platforms—Augmont SPOT, a B2B platform for jewellers and bullion dealers to purchase gold and silver bars, and Augmont Gold For All, its retail-focused platform. Through Augmont Gold For All, consumers can digitally buy, sell and store gold and silver, enrol in systematic investment plans and liquidate old gold. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Shankesh Jewellers IPO GMP today: According to market observers, shares of the company are available at a premium of ?5 in the grey market today View More
Sunshine Pictures IPO was subscribed 35 times by 11:40 AM on Thursday, reflecting robust investor interest. Grey market indicators offer a promising 21% listing gain. View More
Larsen & Toubro and Mitsubishi Heavy Industries will build the world's largest Automated People Mover system. This project spans fifty kilometers and connects nine stations at Dubai's Al Maktoum International Airport. The consortium secured this significant order valued between Rs 2,500 crore and Rs 5,000 crore. This driverless train network is a key part of the airport's expansion program. View More
Larsen & Toubro Limited (L&T), in consortium with Japan’s Mitsubishi Heavy Industries (MHI), is set to build world's largest Automated People Mover (APM) System for Al Maktoum International Airport in Dubai. The project spans a length of approximately 50 km connecting nine stations. In a regulatory filing released on Thursday, L&T revealed that the order to design and build the airport APM system is valued between Rs 2,500 crore to Rs 5,000 crore. Also read: L&T bags offshore development project order exceeding Rs 15,000 crore from Middle East client An APM system is a driverless underground and above-ground train networks that transport passengers between airport terminals and concourses. The APM system will connect the Dubai airport 's terminals and major facilities, meeting the travel needs of the growing number of passengers. The introduction of this system is aimed to improve passenger convenience and shorten travel times, while contributing to efficient airport operations to meet future increases in aviation demand. Live Events L&T share price: Shares of Larsen & Toubro Limited (L&T) were trading at Rs 4055.20 per script, up by Rs 25.10 (+0.62%) as at 10:35 on BSE. The project, developed by Dubai Aviation City Corporation and being implemented through Dubai Aviation Engineering Projects, is a key component of the airport's long-term expansion programme designed as a multi-phase development. Once fully developed, Al Maktoum International Airport will be the world's largest airport, with a capacity of handling 260 million passengers and 12 million tonnes of freight annually. The MHI-L&T consortium has secured the order for turnkey delivery of a fully integrated APM System, including design, construction, supply, testing, commissioning and operational readiness of all associated infrastructure and systems. Completion of the project is scheduled for December 2031. Also read: From dairy machines to AI factory: L&T is future-proofing its empire Under the Design-and-Build contract, the Indian engineering giant will undertake the design, procurement, delivery and integration of critical APM infrastructure and systems, including guideways, DC traction substations, power distribution, signalling and telecommunications, onboard communication systems for vehicles, platform screen doors and depot equipment. "With challenging execution milestones, advanced technologies and multiple system interfaces including guideway, power supply, state-of-the-art telecom, platform screen doors and depot equipment, this project exemplifies the scale and complexity of integrated APM Rail Systems that L&T is uniquely positioned to deliver," said Ramkumar S, Executive Vice President & Head – Transportation Infrastructure, L&T. "With MHI’s proven APM Systems and L&T’s extensive integrated systems experience supported by world-class Engineering Designs Centre, enables us to execute such projects with a strong focus on safety and quality," the executive added. Mitsubishi's Dubai wing MHI Mobility Engineering Services L.L.C will handle the design, procurement, and testing for the 165 APM vehicles and signaling system. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
During a recent briefing, President Trump showcased key updates on White House renovations. He emphasized the stunning white granite driveway's completion and tackled technical aspects of the helipad's slope. Proudly, he mentioned enhancements to the exterior and landscaping. Additionally, he touched upon the ongoing ballroom construction and its significance for national security, aiming to reassure the public about progress in the iconic residence. View More
Shankesh Jewellers IPO GMP: Shankesh Jewellers IPO saw strong subscription, with investors bidding for 7.74 crore shares. The company's financial performance showed significant profit growth in FY26. Proceeds will be used for debt repayment and working capital needs. The IPO is valued at 12.8x P/E, considered fairly priced by analysts. Investors are advised to focus on long-term growth prospects. View More
Shankesh Jewellers IPO was subscribed 2.8 times on the final day of bidding, with investors placing bids for 7.74 crore shares against the 2.76 crore shares on offer, according to NSE data. In the grey market, the IPO is currently commanding a 3% premium, indicating expectations of a modestly positive or flat listing. On Day 2, the issue was subscribed 94% overall. The retail investor portion witnessed stronger demand, with subscription reaching 1.13 times the shares reserved for that category. The three-day bidding period opened on August 18 and will close today, August 20, 2026. The Rs 367.18-crore IPO comprises a fresh issue and an offer for sale (OFS). The fresh issue consists of 2.95 crore shares worth Rs 274.18 crore, while the OFS includes 1 crore shares valued at Rs 93 crore. The IPO has a price band of Rs 88–Rs 93 per share, with a lot size of 160 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,880 for one lot. Live Events The allotment is expected to be finalized on August 21, 2026. Shankesh Jewellers is scheduled to list on both the NSE and BSE , with a tentative listing date of August 25, 2026. Aryaman Financial Services Ltd . is the book-running lead manager for the issue, while Kfin Technologies Ltd. is serving as the registrar. Also Read: Tempsens Instruments IPO opens for bidding; GMP at 73%. Should you subscribe or skip? Shankesh Jewellers IPO Subscription Status The Non-Institutional Investors (NII) category recorded the strongest demand, with the portion subscribed 5.68 times. The segment had 59.22 lakh shares available for subscription. The Retail Individual Investors (RII) category was subscribed 2.42 times, with bids received for the portion reserved against 1.38 crore shares. Meanwhile, the Qualified Institutional Buyers (QIB) segment was subscribed 1.32 times, with investors bidding for the 78.96 lakh shares on offer. Shankesh Jewellers IPO GMP Today The Shankesh Jewellers IPO is currently commanding a grey market premium (GMP) of Rs 3 per share, or around 3% above the upper price-band of Rs 93. At the current GMP, the estimated listing price is around Rs 96 per share, implying a potential listing gain of approximately Rs 3 per share. However, GMP is an unofficial market indicator and can fluctuate significantly before listing. Investors should therefore not base their investment decision solely on grey market trends. Instead, they should consider the company's fundamentals, valuation, financial performance and growth prospects before subscribing to the IPO. Also Read: Sunshine Pictures IPO GMP points to 21 per cent listing gain, Issue subscribed 18.47x Objects of the Issue The Company proposes to utilise the net proceeds from the issue to strengthen its financial position and meet its ongoing business requirements. A significant portion of the net proceeds, amounting to Rs 158.00 crore, will be utilised for the repayment and/or pre-payment, in full or in part, of certain borrowings. This is expected to reduce the company’s outstanding debt obligations and further strengthen its balance sheet. In addition, Rs 38.00 crore of the net proceeds is proposed to be deployed towards funding the company’s working capital requirements, thereby supporting its day-to-day operations and ensuring adequate liquidity. The balance of the Net Proceeds will be utilised towards general corporate purposes. Financial Performance Shankesh Jewellers Ltd. delivered a strong financial performance in FY26, with total income rising 16% year-on-year from Rs 1,403.94 crore in FY25 to Rs 1,630.93 crore. The growth reflects a healthy expansion in the company’s business operations and highlights the continued momentum in its revenue performance. Profitability witnessed a significantly sharper improvement, with profit after tax (PAT) surging 165% from Rs 40.31 crore in FY25 to Rs 106.68 crore in FY26. The substantial increase in PAT, far outpacing the growth in revenue, indicates a marked improvement in the Company’s earnings performance and overall profitability during the year. About Shankesh Jewellers Ltd. Incorporated in 2005, Shankesh Jewellers Limited is engaged in the business of manufacturing and supplying customised handcrafted gold jewellery. The company specialises in 22-karat and 18-karat gold jewellery and offers a wide product portfolio comprising bangles, bridal jewellery, chokers, jhumkas, necklace sets, mangalsutras, rings and combined sets across categories such as antique, semi-antique, Calcutta, temple, gheru polish, and yellow gold, rhodium and rose gold jewellery. The company distributes its products across India to both corporate and non-corporate clients. Its clientele includes established jewellers such as Joyalukkas India Limited, P. N. Gadgil & Sons Limited, Kalyan Jewellers India Limited, Novel Jewels Limited (Aditya Birla Group), Manoj Vaibhav Gems ‘N’ Jewellers Limited, and other established jewellery houses. Shankesh Jewellers follows an asset-light business model by engaging skilled local karigars and job workers for production, while managing design, material sourcing and delivery in-house. In addition to product sales, the company also provides job-work services under which clients provide bullion and specific design requirements for manufacturing. The company states that its jewellery is BIS-hallmarked in accordance with applicable regulatory guidelines. Should You Subscribe to the Shankesh Jewellers IPO? The IPO appears to offer a combination of strong recent earnings growth, an established B2B customer base and an asset-light operating model. The proposed use of IPO proceeds to reduce debt could also strengthen the company’s balance sheet. Valuation, however, remains an important consideration. According to an AnandRathi research report, Shankesh Jewellers is valued at around 12.8x P/E based on FY26 earnings. AnandRathi considers the valuation fairly priced, citing the company’s strong financial growth, improving profitability, asset-light business model and established position in the B2B handcrafted gold jewellery segment. The brokerage has assigned a “Subscribe: Long Term” rating to the IPO. For investors, the key takeaway is that the issue appears to be more suited to those looking at the company’s longer-term growth prospects rather than chasing a quick listing gain. The current GMP points to only a modest potential listing premium, while the company’s sharp improvement in profitability provides a more compelling part of the investment story. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
The Rs 550 crore Gaja Alternative Asset Management IPO entered Day 2 with an 86% subscription rate and a 14% grey market premium. Brokerage Anand Rathi Research assigned a Subscribe - Long Term rating, citing the firm's strong profitability and long-standing track record. View More
Gaja Alternative Asset Management, a home-grown alternative asset management company, entered the second day of its IPO bidding with strong investor interest. In the grey market, the company’s shares are reportedly trading at a 14 per cent premium, down from the earlier 19 per cent, still indicating the possibility of decent listing gains. On Day 1, the IPO was subscribed 86 per cent overall, with 2.53 crore shares on offer. The retail portion was fully subscribed, receiving bids for 1.20 times the 1.26 crore shares reserved for retail investors. The three-day IPO will remain open for subscription until August 21, 2026. The company has fixed the price band at Rs 152 to Rs 160 per share. The Rs 550 crore public issue consists of a fresh issue of 2.81 crore shares worth Rs 450 crore and an offer for sale (OFS) of 63 lakh shares amounting to Rs 100 crore. At the upper end of the price band, retail investors can bid for a minimum of 93 shares, requiring an investment of Rs 14,880. Live Events The company is expected to finalise the share allotment on August 24, with its shares likely to be listed on both the NSE and BSE on August 26, 2026. JM Financial Ltd. is acting as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar. Gaja Alternative Asset Management IPO Subscription Status On Day 1, the Gaja Alternative Asset Management IPO was subscribed 86 per cent overall, against a total of 2.53 crore shares on offer. Retail Individual Investors (RIIs): The retail portion was subscribed 1.20 times, with bids received for 1.26 crore shares reserved for retail investors. Non-Institutional Investors (NIIs): The NII category was subscribed 1.06 times, against 54.27 lakh shares on offer. Qualified Institutional Buyers (QIBs): The QIB portion received bids for 9 per cent of the 72.36 lakh shares reserved for the category. Gaja Alternative Asset Management IPO GMP Today The Gaja Alternative Asset Management IPO GMP currently stands at Rs 23, representing a 14 per cent premium over the upper price band of Rs 160 per share. Based on the current GMP, the estimated listing price is around Rs 183 per share. Note: GMP (Grey Market Premium) is an unofficial and indicative price based on activity in the grey market. It is not regulated or guaranteed and can fluctuate before the IPO listing. Objects of the Issue The company plans to deploy the net proceeds from the fresh issue primarily towards strengthening its investment commitments across its fund portfolio. Of the proceeds, Rs 372 crore has been earmarked for meeting sponsor commitments to certain existing and proposed funds and for repaying the bridge loan. The allocation will include funding the balance sponsor commitments to Gaja Capital India Fund 2020 LLP and Gaja Capital India Fund 2020, repayment of the bridge loan, and sponsor commitments towards the proposed Fund V and the Secondaries Fund. Gaja Alternative Asset Management Financial Performance Gaja Alternative Asset Management delivered strong financial growth in FY26, extending the positive momentum seen in the previous fiscal year. The company’s total income rose from Rs 123.31 crore in FY25 to Rs 157.80 crore in FY26, registering a 28 per cent year-on-year increase. The growth reflects a healthy expansion in the company’s overall income base during the year. The company also reported a notable improvement in profitability. Profit After Tax (PAT) increased from Rs 61.95 crore in FY25 to Rs 81.96 crore in FY26, marking a 32 per cent year-on-year rise. With profit growth outpacing income growth, the company demonstrated stronger earnings momentum and a robust financial performance in FY26. About Gaja Alternative Asset Management Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with more than two decades of experience in managing and advising India-focused funds. Its portfolio includes Category I and Category II Alternative Investment Funds (AIFs), along with offshore funds investing in India. The company focuses on alternative investments across sectors including education, energy and environment, financial services, consumer businesses and digital technology. Its investment strategy is primarily focused on the mid-market segment. Gaja Alternative Asset Management has developed its track record across multiple fund cycles through the Gaja Capital Funds, including Fund II, Fund III and Fund IV. The company has also built long-standing relationships with investors across more than 20 countries. As of March 31, 2026, Gaja Alternative Asset Management had a total workforce of 37 personnel, comprising 23 permanent employees and 14 contractual employees. Should you subscribe IPO? The IPO presents an interesting combination of strong profitability, an established investment track record and exposure to India’s expanding alternative asset management industry. Anand Rathi Research has highlighted the company’s more than 20 years of experience and its differentiated investment-manager business model. The brokerage believes the company offers pure-play exposure to India’s high-growth alternative asset management opportunity. However, there are risks to consider. The company has a relatively concentrated earnings profile, while its performance remains linked to the performance and successful exits of Indian mid-market private equity investments. These factors could limit the scope for aggressive valuations in the near to medium term. At the upper price band of Rs 160, the company is valued at approximately 27.5x FY26 P/E and 2.1x FY26 P/B, implying a post-issue market capitalisation of around Rs 22,562 million. Despite the valuation concerns, Anand Rathi Research has assigned a “Subscribe: Long Term” rating to the IPO, citing the company’s business profile and long-term growth prospects. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Sunshine Pictures IPO Day 3: Sunshine Pictures IPO received strong investor interest, achieving 105.81 times subscription on its final day. The issue is currently trading at a 21 percent premium in the grey market. The company plans to use IPO proceeds to strengthen working capital and for general corporate purposes. Sunshine Pictures is a content production firm with a diverse portfolio of films and series. View More
Sunshine Pictures IPO continued to attract strong investor interest, with the issue receiving 105.81 times subscription on the final day of bidding, according to NSE data. Investors placed bids for shares far exceeding the 54.86 lakh shares available for subscription. The issue is reportedly trading at a 21 per cent premium in the grey market, indicating positive sentiment and raising expectations of a potentially strong listing gain. Investor response remained robust on Day 2, with the IPO subscribed 18.47 times overall. The retail segment witnessed particularly strong demand, with the portion reserved for retail investors subscribed 21.60 times against the 27.43 lakh shares on offer. The Rs 282.14 crore IPO consists of a fresh issue of 48 lakh shares worth Rs 172.80 crore and an offer for sale (OFS) of 30 lakh shares amounting to Rs 109.34 crore. With participation from both institutional and retail investors remaining strong, market watchers will be closely monitoring subscription figures as the bidding window concludes. The Sunshine Pictures IPO opened for subscription on August 18 and will close on August 20, 2026. The share allotment is expected to be finalised on August 21, with the company tentatively scheduled to list on both the NSE and BSE on August 25, subject to the IPO timeline. The company has set the IPO price band at Rs 342 to Rs 360 per share, with a lot size of 41 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,760 for one lot. Live Events With strong subscription numbers and a positive grey-market premium, the IPO has emerged as an issue to watch. However, investors should assess the company's fundamentals, valuation and associated risks rather than relying solely on GMP or subscription data before making an investment decision. GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is serving as the registrar. Sunshine Pictures IPO Subscription Status The Non-Institutional Investors (NII) category recorded the strongest demand, with the portion subscribed 197.04 times against the 11.75 lakh shares on offer. The Qualified Institutional Buyers (QIB) segment also saw robust interest, with the portion subscribed 123.52 times against the 15.67 lakh shares reserved for the category. Meanwhile, the Retail Individual Investors (RII) category was subscribed 56.60 times, with the 27.43 lakh shares reserved for retail investors attracting substantial demand. Sunshine Pictures IPO GMP Today The Sunshine Pictures IPO continues to trade at a premium in the grey market. The latest GMP is reported at Rs 77, implying a premium of around 21 per cent over the IPO's upper price band of Rs 360 per share. Based on the current GMP, the estimated listing price stands at approximately Rs 437 per share. If the grey-market premium remains unchanged until the listing, investors could potentially see gains of around 21 per cent over the issue price. However, GMP is an unofficial market indicator and can fluctuate significantly before the stock's market debut. Investors should therefore consider the company's fundamentals, valuation and risks rather than relying solely on grey-market trends. IPO Objects of the Issue The primary objective of the Sunshine Pictures IPO is to strengthen the company’s working capital position. Of the Rs 112.50 crore in net proceeds, the company plans to deploy the entire amount towards meeting its working capital requirements. The infusion is expected to provide greater financial flexibility and support the company’s ongoing operations as well as future business needs. A portion of the funds will also be available for general corporate purposes, giving Sunshine Pictures additional flexibility to manage routine expenses and pursue growth opportunities. Overall, the IPO is largely focused on strengthening the company’s financial base and ensuring adequate funds for its operational requirements. Financial Performance Sunshine Pictures delivered a mixed performance in FY26, with profitability moving in the opposite direction to revenue. The company’s total income fell 28 per cent to Rs 76.27 crore in FY26, compared with Rs 105.80 crore in FY25. Despite the decline in revenue, the company managed to increase its profit after tax (PAT) by 16 per cent to Rs 40.02 crore, from Rs 34.46 crore in the previous financial year. About Sunshine Pictures Ltd. Incorporated in 2007, Sunshine Pictures Limited is a content production company involved in the creation, development, production, marketing and distribution of films, television serials and web series. The company follows a technology-driven approach to content creation and operates across multiple stages of the entertainment value chain, from script development and production to intellectual property creation, rights monetisation and distribution. Sunshine Pictures has been associated with several commercially successful and socially relevant films, including ‘Force’, ‘Commando’, ‘Holiday’, ‘Force 2’, ‘Commando 2’ and ‘The Kerala Story’. The company has so far produced 10 commercial films, including six co-productions, two web series, two TV serials and one short film. Its current project pipeline includes two films being co-produced with Jio Studios and one web series being produced for Doordarshan. Depending on the project, Sunshine Pictures works either as a sole producer or alongside established studios. This mix of standalone and co-produced projects allows the company to balance production risks with potential revenue opportunities, particularly when it comes to larger-budget films. The company is also building a digital presence across platforms such as YouTube, Instagram and Facebook, creating an additional avenue for content monetisation. As of June 30, 2026, Sunshine Pictures had 162,960 YouTube subscribers and 9.18 crore views, while its combined Instagram and Facebook following stood at 104,500. The company also earns additional revenue through content streaming. As of June 30, 2026, Sunshine Pictures had a workforce of 28 full-time employees, reflecting its relatively lean operating structure as it continues to develop and produce content across films, television and digital platforms. Should You Subscribe? According to Master Capital Services, the Indian Media & Entertainment (M&E) industry is expected to grow at a CAGR of 6 per cent, reaching approximately Rs 3.30 trillion by 2028 from Rs 2.78 trillion in 2025. The growth is expected to be driven by digital transformation, rising content consumption and technological innovation. Digital media has emerged as the industry's largest revenue contributor and is projected to grow at a 14 per cent CAGR, supported by the expansion of OTT platforms, online gaming and digital advertising. Meanwhile, the film entertainment segment is expected to grow at a 7 per cent CAGR, reaching Rs 253 billion by 2028 from Rs 205 billion in 2025. Rising screen additions, premium cinema experiences and increasing monetisation of digital rights through OTT platforms are expected to support the segment's growth. Against this favourable industry backdrop, Sunshine Pictures Limited is positioned to benefit from the growing demand for diverse and digital-first content. The company's experience across film, television and web-series production, along with its technology-driven and data-led approach, could support its growth prospects. The company also benefits from established relationships with studios and creative professionals, an existing content portfolio, and its Sunshine Music and Sunshine Digital (Originals) verticals. Its current pipeline of six films and two web series further provides an opportunity to participate in the evolving Indian M&E industry. Considering the industry's growth prospects and the company's positioning, Master Capital Services Ltd. views the Sunshine Pictures IPO as a potential long-term investment opportunity. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall. Investors bid aggressively for a significant portion of the 6.27 crore shares on offer. View More
The wait is almost over for investors in the Lalithaa Jewellery Mart IPO, with the share allotment expected to be finalised today, Thursday, August 20. Once the allotment is announced, investors can check their application status online through the IPO registrar’s website, as well as the allotment sections of the BSE and NSE. The grey market premium (GMP), currently around 27%, points to strong investor expectations ahead of the listing. The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall. Investors bid aggressively for a significant portion of the 6.27 crore shares on offer. Breaking down the subscription figures, the retail portion was subscribed 11.81 times, while the Non-Institutional Investors (NII) category saw 73.90 times subscription. The Qualified Institutional Buyers (QIB) segment led the charge with a staggering 145.38 times subscription. Lalithaa Jewellery Mart had set the IPO price band at ₹190–201 per share. The ₹1,700-crore issue includes a fresh issue of ₹1,200 crore and an offer for sale (OFS) worth ₹500 crore by promoter and founder Kiran Kumar Jain. With investor interest running high and the GMP hovering around 27%, market watchers will be closely tracking the allotment and the stock’s debut. The company’s shares are expected to list on both the NSE and BSE on August 24, subject to applicable timelines. Live Events Anand Rathi Investment Banking and Equirus are the book-running lead managers for the issue, while MUFG is acting as the registrar. 1. Registrar’s Website Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)Select Lalithaa Jewellery Mart from the drop-down menu.Enter your PAN, application number, or DP/Client ID.Click Submit to view your allotment status. 2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids) Go to NSE IPO Allotment pageSelect EquityChoose Lalithaa Jewellery MartEnter your application number and PAN. 3.BSE Website ( https://www.bseindia.com/investors/appli_check) Select Equity under issue type.Select Lalithaa Jewellery Mart from the dropdown.Enter your application number OR PAN number.And fill the captcha and click search to view allotment. Valuation Valuation is one of the key positives of the issue. At the upper end of the price band, Lalithaa Jewellery Mart’s price-to-earnings (P/E) ratio, based on diluted FY26 EPS, stands at 9.95x. At the lower end, the P/E multiple is 9.41x. This is significantly lower than the FY26 average P/E of 29.69x for the company’s industry peer group, indicating that the IPO is priced at a relatively attractive valuation compared with the broader industry. The floor price represents 38x the face value, while the cap price represents 40.20x the face value. Lalithaa Jewellery IPO use of proceeds Lalithaa Jewellery plans to deploy the net proceeds from its IPO primarily towards an ambitious retail expansion, earmarking funds to set up 10 new stores. Of the total Rs 1,033.23 crore proposed to be utilised, Rs 34.55 crore will go towards capital expenditure, including store fit-outs, furniture and fixtures, equipment, and IT hardware and software. The bulk of the proceeds—Rs 998.68 crore—will be invested in inventory required to launch and stock these new outlets. The IPO proceeds therefore underline Lalithaa Jewellery’s strategy of strengthening its physical retail footprint and building inventory capacity to support future growth. While the lion’s share of the funds is directed towards inventory for the new stores, the remaining amount will be used for general corporate purposes, giving the company some flexibility to meet broader business requirements as it expands. Strong FY26 financial performance Lalithaa Jewellery Mart enters the IPO market after reporting a sharp improvement in its financial performance. The company's total income jumped 48% year-on-year, rising from Rs 16,907.88 crore in FY25 to Rs 25,039.80 crore in FY26. Profitability saw an even stronger acceleration. Profit after tax (PAT) surged 177%, from Rs 364.73 crore in FY25 to Rs 1,009.82 crore in FY26. About Lalithaa Jewellery Mart The retailer sells gold, silver and diamond jewellery under the Lalithaa brand, with products tailored to regional preferences across southern India. It operates 61 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry. Tier II and Tier III cities account for 45 of its stores and contributed 60.25% of the company's revenue in FY26. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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