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Connplex Cinemas Limited IPO
Connplex Cinemas Limited IPO is a book-built issue with an offer of around ₹90.27 crores by way of a fresh issue of 51.00 lakh equity shares. The IPO is to be subscribed publicly between 7th August, 2025 to 11th August, 2025. The retail investors will be required to apply for a minimum lot of 1,600 shares, which will be the equivalent of ₹2,68,800 at the higher price band. HNIs can apply for 2,400 shares worth ₹4,24,800. Allotment will be completed on 12th August, 2025 with the shares likely to be listed on the NSE SME platform on 14th August, 2025.
Company Background
Established in 2015, Connplex Cinemas provides a premium movie experience through its innovative theatre formats and advanced technology. Their cinemas offer a superior audio-visual experience through Dolby Atmos Sound System, recliner seats, 2K projectors and an immersive environment. The company has a primary objective to establish its presence in Tier 2, Tier 3 and Tier 4 cities of India to gain a foothold in underserved entertainment markets.
Operations & Product Range
Facility and Services
Connplex Cinemas has over 300 screens located in about 18 states and also has more than 30 franchises. It has various cinema models like Signature, Express and Luxuriance that are designed for the audience’s comfort. They offer a 2K screen with Dolby Atmos Sound system for an immersive audio-visual experience; recliner, pod and dual lounge seating to enhance comfort, Food and Beverage options, private screening facility and automated ticket booking through an app.
Brand and Market Presence
The company has a focus on establishing its brand name in Tier 2, Tier 3 and Tier 4 states and has expanded to 66 franchise-operated screens. It operates in cities like Ahmedabad, Ahmednagar, Balotra, Bettiah, Bhagalpur and Bilaspur etc. The company has partnered with various well-known brands like Paytm, Panorama, Red Bull, JBL, Coca-Cola and many more.
Revenue Channels
Connplex Cinemas generates revenue through multiple channels, like -
- A major part of the revenue is earned through its sales of tickets for screenings
- Another source of revenue are the food and beverage services provided at the cinema concession that offers the customers a region-specific menu.
- Cineplex also provides cinema construction services which include modular cinema setup and franchise model rollouts.
- The company gains revenue through advertising partnerships with various brands.
Management & Shareholding
Promoters and Shareholders
Connplex Cinemas Limited IPO is promoted by Anish Tulshibhai Patel and Rahul Kamleshbhai Dhyani. They currently have about 95.36% stake in the company, which is expected to be diluted to 69.90% after the listing of its IPO on 7th August.
Board Members
Board members of the company include people with managerial and industry experience of more than 7 years, such as -
- 1. Mr. Anish Tulshibhai Patel (Managing Director)
- 2. Mr. Rahul Kamleshbhai Dhyani (Joint Managing Director)
- 3. Ms. Amisha Fenil Shah (Non-Executive Independent Director)
- 4. Mr. Parshwa Bhavikbhai Shah (Non-Executive Independent Director)
- 5. Mr. Ronak Ashokbhai Mehta (Non-Executive Independent Director)
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Connplex Cinemas Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Connplex Cinemas Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 7, 2025 to August 11, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹168 to ₹177 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,00,000 shares (aggregating up to ₹90.27 Cr) |
| Reserved for Market Maker | 2,56,000 shares (aggregating up to ₹4.53 Cr) Spread X Securities Private Limited |
| Net Offered to Public | 48,44,000 shares (aggregating up to ₹85.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,40,00,000 shares |
| Share Holding Post Issue | 1,91,00,000 shares |
Connplex Cinemas Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Aug 7, 2025 |
| IPO Close Date | Mon, Aug 11, 2025 |
| Tentative Allotment | Tue, Aug 12, 2025 |
| Initiation of Refunds | Wed, Aug 13, 2025 |
| Credit of Shares to Demat | Wed, Aug 13, 2025 |
| Tentative Listing Date | Thu, Aug 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2025 |
Connplex Cinemas Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,83,200 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,83,200 |
| S-HNI (Min) | 3 | 2,400 | ₹4,24,800 |
| S-HNI (Max) | 7 | 5,600 | ₹9,91,200 |
| B-HNI (Min) | 8 | 6,400 | ₹11,32,800 |
Connplex Cinemas Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 95.36% |
| Share Holding Post Issue | 69.90% |
Competitive Strength:
- 1. Connplex Cinemas are strategically located in underserved areas to position itself before the existence of established cinema brands.
- 2. The company is guided by a strong managerial team with over 7 years of experience and has integrated new technology to support growth.
- 3. It has a well-established franchise system and provides swift franchise set-up services.
- 4. The company offers various cinema formats like Signature, Express and Luxuriance.
Connplex Cinemas Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 61.12 | 96.78 | 19.01 | 24.44 | 0.72 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 36 | 61 | 4 | 5 | 0.27 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 27.96 | 25.61 | 1.65 | 1.34 | 0.32 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 127.28% |
| ROCE | 98.25% |
| Debt/Equity | 0.03 |
| RoNW | 77.78% |
| PAT Margin | 19.88% |
| EBITDA Margin | 27.48% |
| Price to Book Value | 45.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.58 | 10 |
| P/E (x) | 13.04 | 18 |
Objectives of Connplex Cinemas Limited IPO
The IPO proceeds will be utilised to -
- Provide funds for buying a corporate office for the company.
- Support the purchase of LED screens and projectors.
- Provide funds for supporting general corporate functioning and fulfilling the working capital requirements of the company.
Conclusion
Connplex Cinemas Limited IPO is an opportunity for investors to take part in a rapidly growing company in the Indian theatre and cinema sector. The company has a wide and firmly established presence across 18 Tier 2, Tier 3 and Tier 4 states and has partnered with various known names such as Paytm, Coca-Cola, Panorama and many more. The upcoming IPO will further help in the company’s expansion plan and further enhance its market presence across the industry.
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Frequently asked Questions (FAQs )
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1. When will the Connplex Cinemas Limited IPO go public?
The IPO is to be subscribed publicly between 7th August, 2025 to 11th August, 2025.
-
2. What is the minimum investment amount for a retail investor?
The retail investors will be required to apply for a minimum lot of 1,600 shares, which will be the equivalent of ₹2,68,800.
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3. What is the total issue size of the Connplex Cinemas Limited IPO?
Connplex Cinemas Limited IPO is a book-built issue with an offer of around ₹90.27 crores by way of a fresh issue of 51.00 lakh equity shares.
-
4. How will the proceeds raised from the Connplex Cinemas Limited IPO be utilized?
The IPO proceeds will be utilised for buying a corporate office, purchasing LED screens and projectors, for supporting general corporate functioning and working capital requirements.
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