Lalithaa, Shankesh, Sunshine IPOs Aim to Raise Rs 2349 Crore

An IPO is when a company sells tiny pieces of itself, called shares, so that people can invest in it.

Three Indian companies are doing this in the same week.

Lalithaa Jewellery Mart sells jewellery from 61 shops across southern India.

It wants to raise Rs 1700 crore to open 20 new stores in Tamil Nadu.

Shankesh Jewellers makes handcrafted jewellery for other big brands.

It wants to raise Rs 367 crore to pay back money it owes.

Sunshine Pictures makes movies, TV serials and web series, and it is owned by filmmaker Vipul Shah.

It wants to raise Rs 282 crore to run its daily business.

In total, the three companies hope to collect Rs 2349 crore from people who buy their shares.

Buyers pay the price the company sets within a fixed range and the shares then belong to them.