Archive · 12 Aug 2026
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.
Lalithaa Jewellery Mart will launch a Rs 1700 crore IPO from August 17-19 in the Rs 190-201 price band.
Mumbai-based Shankesh Jewellers announced a Rs 367 crore IPO at Rs 88-93 per share, open August 18-20, 2026.
Vipul Shah-owned Sunshine Pictures announced a Rs 282 crore IPO at Rs 342-360 per share, open August 18-20, 2026.
Together, the three initial public offerings aim to raise Rs 2349 crore next week.
Funds will open 20 new Lalithaa stores in Tamil Nadu, repay Rs 158 crore of Shankesh debt, and cover working capital needs for all three.
- Who
- Three Indian companies - Lalithaa Jewellery Mart, Shankesh Jewellers and Sunshine Pictures - along with promoters including Kiran Kumar Jain and Vipul Shah.
- What
- The companies are launching initial public offerings (IPOs) to raise a combined Rs 2349 crore.
- When
- The offerings open between August 17 and August 20, 2026.
- Where
- The companies are based in Mumbai and Chennai; Lalithaa Jewellery operates 61 stores across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry.
- Why
- To fund retail expansion, repay debt, meet working capital requirements and for general corporate purposes.
- Total IPO proceeds
- Rs 2349 crore across three offers
- Lalithaa Jewellery IPO
- Rs 1700 crore; Aug 17-19; price band Rs 190-201 per Rs 5 share
- Shankesh Jewellers IPO
- Rs 367 crore; Aug 18-20; price band Rs 88-93 per Rs 5 share
- Sunshine Pictures IPO
- Rs 282 crore; Aug 18-20; price band Rs 342-360 per Rs 10 share
- Lalithaa issue structure
- Rs 1200 crore fresh issue plus Rs 500 crore offer for sale by Kiran Kumar Jain
- Lalithaa retail footprint
- 61 stores in 51 cities
- Shankesh use of proceeds
- Rs 158 crore debt repayment; Rs 38 crore working capital
- Sunshine use of proceeds
- Up to Rs 112.5 crore for working capital; balance for general corporate purpose