Connplex Cinemas Limited IPO GMP, Date, Price Band & Review

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 -

1. A major part of the revenue is earned through its sales of tickets for screenings
2. Another source of revenue are the food and beverage services provided at the cinema concession that offers the customers a region-specific menu.
3. Cineplex also provides cinema construction services which include modular cinema setup and franchise model rollouts.
4. 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. 1. Mr. Anish Tulshibhai Patel (Managing Director)
2. 2. Mr. Rahul Kamleshbhai Dhyani (Joint Managing Director)
3. 3. Ms. Amisha Fenil Shah (Non-Executive Independent Director)
4. 4. Mr. Parshwa Bhavikbhai Shah (Non-Executive Independent Director)
5. 5. Mr. Ronak Ashokbhai Mehta (Non-Executive Independent Director)