About Complete Sports & Management India IPO
Complete Sports And Management India IPO Details
Complete Sports and Management IPO is a book-built issue of ₹74.93 crore. It is a fresh issue of 55.50 lakh equity shares. Each equity share has a face value of ₹10. The IPO is to be listed on the BSE SME platform.
The price band is set at ₹128 to ₹135 per share. Lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (2,000 shares). The IPO window will be open on Friday, August 28, 2026 and it will close on Tuesday, September 1, 2026.
Smart Horizon Capital Advisors Pvt. Ltd. is acting as the book-running lead manager, while Bigshare Services Pvt. Ltd. serves as the registrar to the issue.
Complete Sports And Management India IPO Date & Timeline
Complete Sports and Management India Limited had filed its red herring prospectus on 21 August 2026. The IPO window will be open on Friday 28 August, 2026 and it will close on Tuesday, 1 September, 2026. The allotment for shares is expected to be confirmed on 2 September 2026 and then refunds plus credit of those allotted shares to investors' demat accounts will be scheduled on 3 September 2026. The listing date on BSE SME has been set for 4 September, 2026
Complete Sports & Management India IPO Timeline
| IPO Open Date | Fri, Aug 28, 2026 |
| IPO Close Date | Tue, Sep 1, 2026 |
| Basis of Allotment | Wed, Sep 2, 2026 |
| Initiation of Refunds | Thu, Sep 3, 2026 |
| Credit of Shares to Demat | Thu, Sep 3, 2026 |
| Listing Date | Fri, Sep 4, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Complete Sports & Management India IPO Details
| Detail | Description |
|---|---|
| IPO Date | 28 Aug to 1 Sep, 2026 |
| Listing Date | 4 Sep, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 128 to ₹ 135 |
| Lot Size | 1,000 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 55,50,000 shares (agg. up to ₹ 75 Cr) |
| Reserved for Market Maker | 2,80,000 shares (agg. up to ₹ 4 Cr) Shreni Shares Ltd. |
| Fresh Issue(Ex Market Maker) | 52,70,000 shares (agg. up to ₹ 71 Cr) |
| Net Offered to Public | 52,70,000 shares (agg. up to ₹ 71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,10,000 shares |
| Share Holding Post Issue | 2,05,60,000 shares |
Complete Sports And Management India IPO GMP
A “grey market premium,” or GMP, basically means the extra premium at which an IPO’s shares are traded informally before they’re officially listed on the stock exchange.
The Complete Sports And Management India IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹135, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹135 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 1000 shares.
Complete Sports & Management India IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 26 Aug 2026 | ₹135 | ₹0 | 26 Aug, 202610:33 AM |
| 25 Aug 2026 | ₹135 | ₹0 | 26 Aug, 202610:33 AM |
| 24 Aug, 2026 | ₹135 | ₹0 | 24 Aug, 202601:26 PM |
Company Background
Complete Sports and Management India Limited was incorporated as a private limited company on December 26, 2002. It was later converted to a public limited company on January 21, 2026. The company sources and trades amusement and leisure equipment and offers installation, commissioning, maintenance and consulting services.
In simple terms, the company helps customers design, equip and operate entertainment destinations. The company's clientele ranges from family entertainment centers to hotels, resorts, clubs, residential developments, institutional venues and corporate customers.
The company operates through an integrated model. It does not sell equipment alone but also offers planning, project execution, installation and maintenance services, enabling it to engage in several stages of an entertainment project.
The company combines leisure infrastructure, hospitality and organized entertainment. Increasing discretionary spending and the growth of malls and family entertainment centers in India are helping the company grow. There is also a growing demand for premium hospitality and recreational services in India.
Operations & Product Range
The company’s product portfolio covers a wide range of indoor and outdoor amusement solutions:
- • Bowling Solutions – Helps customers build bowling centers in theme parks, family entertainment centers, malls, resorts and hotels and other hospitality venues as a one stop solution.
- • Arcade Games – Offers a variety of arcade and redemption gaming machines that can help customers attract different age groups and fit various entertainment venues.
- • Soft Play Systems & Trampoline Parks – Designs and builds various play systems like soft play systems and trampoline parks for customers like corporate clients, FECs, hotels, residential and resort customers.
- • Laser Tag – Laser tag entertainment systems for customers in the theme parks, indoor entertainment centers and stand-alone laser tag arenas.
- • Other Amusement Equipment—Spare parts and accessories for bumper cars, go-karts and other amusement equipment.
Complete Sports and Management India also provides full-service management contracts to operate entertainment venues. Therefore, it goes beyond an equipment supplier and develops and plans entertainment venues in collaboration with its clients from concept to operational services.
Facilities & Capacity
Complete Sports And Management India is registered, with its corporate offices in Mumbai and an administrative office in Andheri East. Complete Sports & Management India’s main warehousing and assembly work is done in two warehouses at Bhumi World Industrial Park, Bhiwandi, Maharashtra. Specifically, Gala Nos. 19 and 20 are used for assembling games and related equipment.
Outside of India, the company has established a presence in Singapore to support its sourcing activities and to develop business activities in other markets. In addition, they run their own entertainment centers in Mumbai with their company’s brand, which extends their business from a B2B supply company to a company that engages with consumers directly.
As of July 31, 2026, the company had employed 136 people. In the previous fiscal year, attrition of permanent employees was 19.54%.
Brands & Market Presence
Brunswick Bowling Products of Complete Sports And Management India is one of the more recognised bowling equipment brands in the market. This deal is the key differentiator of the company’s position in the leisure economy of India. The company has also moved into forward integration by starting its own entertainment facilities through the two brands it owns:
- • "Duckpin—The Bowling Bistro"—a bowling and dining concept.
- • "All Set Go"—an amusement and entertainment center.
Complete Sports And Management India also runs Torq 03 Sports & Adventures and has a presence abroad through its fully owned CSML Group PTE Limited (CSML Singapore) and an associate entity, Synccit Solutions Private Limited. With this combination of a distribution deal, a service arm and its new, owned entertainment facilities, CSML now has multiple diverse avenues for customer outreach.
Revenue Streams & Business Model
Complete Sports And Management India has multiple sources of revenue streamed from the interlinked business model pillars:
- • Equipment procurement and sale: Complete Sports procures entertainment equipment from both Indian and international manufacturers for sale to customers in India and internationally.
- • Project installation and activation: They offer additional value by supporting the installation and testing of equipment at project installation sites.
- • Consultancy services: Complete Sports And Management provides advice to customers on site selection, planning, layout and equipment selection, customer demography and project planning.
- • Maintenance and after-sales services: Bowling systems, arcade machines, cashless redemption systems and other entertainment equipment require maintenance and after-sales support.
- • Management: This service line offers management services for entertainment facilities to clients, including staffing, customer management, pricing and operational management.
- • Company-owned entertainment centers: The company has direct participation in customer spending via its Duckpin and All Sett Go businesses, allowing it to capture revenue from entertainment facilities and food and beverage outlets.
This integrated business model is scalable and flexible due to its multipronged approach.
Financial Performance
Complete Sports And Management India surged to a revenue of ₹113.56 crore.
The balance sheet is in better shape, as evidenced by total assets increasing from ₹69.78 crore to ₹83.26 crore and reserves & surplus increasing from ₹24.57 crore to ₹27.71 crore in FY26. For FY26, the EBITDA margin was 13.39%, RoNW was at 42.27% and the debt-to-equity ratio was recorded at 0.21. These numbers indicate that the company is growing while still maintaining control over company debt.
For FY26, in Complete Sports And Management, the Brunswick bowling equipment contributed 50.21% of total revenue from operations, compared to 34.42% in FY25. Meanwhile, family entertainment centres as an end-user segment accounted for 87.47% of total revenue from operations in FY26, compared to 73.77% in FY25.
Management & Shareholding
The promoters of Complete Sports And Management India Limited are Rohit Rajesh Mathur, Abha Rohit Mathur and Rohan Rohit Mathur. Prior to the IPO, the promoters held approximately 96.8% of the company, while the public holding was approximately 3.2%. Hence, the promoters' shareholding will be slightly diluted as the offering includes a fresh issue of 55.50 lakh shares.
Board & Key Management
Under Rohit Rajesh Mathur’s leadership as chairman and managing director. Complete Sports And Management India Ltd.’s other executive directors include Abha Rohit Mathur and Rohan Rohit Mathur. Manali Jain is their company secretary and compliance officer.
The independent directors include Vijay Mukesh Thakkar, Pooja Mehta and Shashank Babel.
The company has identified the management challenges inherent in its transition from equipment distribution to venue management. These include execution, talent management and vendor relationships, along with the expansion of the company’s offerings and the integration of its operations in Singapore.
Complete Sports & Management India IPO Financial Information
Latest Revenue
117.09
₹ Crore
Profit After Tax
18.18
₹ Crore
Total Borrowing
8.99
₹ Crore
| Period Ended | Assets | Revenue | Profit (PAT) | Reserves | Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2026 (Consolidated) | 83.26 | 117.09 | 18.18 | 27.71 | 8.99 |
| 31 Mar 2025(Consolidated) | 69.78 | 110.35 | 11.41 | 24.57 | 2.19 |
| Amount in ₹ Crore | |||||
Complete Sports & Management India Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 53.55 % |
| ROCE | 47.97 % |
| Debt/Equity | 0.21 |
| RoNW | 42.27 % |
| PAT Margin | 15.81 % |
| EBITDA Margin | 13.39 % |
| Price to Book Value | 4.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.11 | 8.84 |
| P/E (x) | 11.15 | 15.27 |
Complete Sports And Management India IPO Objectives
The net proceeds will be used by the company to fund the following:
- • ₹39.88 crore for buying gaming equipment, computers, software, CCTV and safety equipment for the Bhiwandi warehouse.
- • ₹8.09 crore for creating the "Duckpin—The Bowling Bistro” entertainment center in Mumbai.
- • ₹11.50 crore for the repayment/prepayment of borrowings from banks and financial institutions.
Also, the company will use the remaining funds to take care of general corporate expenses. This will take the total estimated deployment to ₹59.47 crore.
Complete Sports And Management India IPO Review
Complete Sports And Management India offers a unique business opportunity within the specialized segment of the construction of leisure-related facilities. With an exclusive Brunswick Bowling franchising agreement, a broad array of equipment in bowling, soft play spaces, arcades, trampolines, laser tag and go-karting, combined with an extensive range of services for asset management, installation and consulting contracts, the company has the potential to bolster its growth. Complete Sports & Management India has developed an innovative strategy combining a low-asset model with an aggressive push into company-owned facilities.
Complete Sports & Management India has had impressive financial results, with a 59% growth in PAT compared to growth in total income of just 7%. There was also improvement in return on equity of 53.55% and return on capital employed of 47.97%. However, total debt increased by roughly 30 times from ₹2.19 crore in FY25 to ₹8.99 crore in FY26.
The company also shows signs of concentration risk, as family entertainment centers made up 87.47% of revenues compared to 73.77% in FY25. The Top 10 customers made up 80.53% of revenues (up from 65.55% in FY25) and the Top 10 suppliers accounted for 81.93% of the cost of services (up from 73.20% in FY25).
Overall, the company is taking an additional risk as it scales its core distribution business by pursuing growth through owned company facilities.
Investors should have a healthy risk appetite since most small and medium enterprises (SMEs) listed companies combine real opportunities with real risks.
Conclusion
The IPO of Complete Sports And Management India provides investors the opportunity to invest in the organized amusement and leisure infrastructure of India. An amusement and leisure infrastructure deal is the only deal focused on organized leisure services and Brunswick’s partnership has helped to increase profitability while providing support for the move into owned venues. Customer and supplier concentration, typically associated with SMEs and ticket-size considerations, remains a concern. Healthy return ratios and revenue growth have further supported a favorable outlook.
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Competitive Strengths
Brunswick Distributorship is the only distributor for Brunswick bowling products in India, giving it an exclusive market position.
End-to-End Solutions Platform Has the ability to supply equipment, provide consultancy and manage operations in addition to just product distribution.
Diverse Segment Experience Has an established record in the leisure, hospitality, FECs, malls, hotels and resort segments.
Forward Integration Has entertainment centres under the "Duckpin—The Bowling Bistro" brand and the “All Sett Go” brand, adding consumer-based revenue in an integrated manner.
Strong Global Supplier Relationships Has strong relationships with international suppliers of equipment, which provides ample access to product and quality assurance.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | 2,70,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | 2,70,000 |
| S-HNI (Min) | 3 | 3,000 | 4,05,000 |
| S-HNI (Max) | 7 | 7,000 | 9,45,000 |
| B-HNI (Min) | 8 | 8,000 | 10,80,000 |