Connplex Cinemas Limited Got Nod for IPO...
16 Jun, 2025
Connplex Cinemas Limited, a rising force in India’s entertainment sector, has secured in-principle approval from NSE Emerge for its Draft Red Herring Prospectus, making the way for its much-anticipated Initial Public Offering (IPO). This regulatory green light marks a pivotal moment for the company as it seeks to fuel its ambitious growth strategy, targeting both underserved and metropolitan markets across the country.
Connplex Cinemas plans to issue up to 5.1 million (51 lakh) fresh equity shares, each with a face value of ₹10 through its upcoming IPO. The funds raised will be used for acquiring a new corporate office, purchasing advanced LED screens and projectors to enhance cinema experiences, meeting working capital requirements and other general corporate purposes. Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the issue, while MUFG Intime India Private Limited will serve as the Registrar.
Connplex Cinemas, operating under the brand “CONNPLEX,” is a growing disruptor in India’s cinema industry. The company specializes in cinema development, franchise agreements and film exhibition, generating revenue from ticket sales, food and beverages, advertisements and private events. Its unique strategy focuses on expanding into Tier 2, 3 and 4 cities alongside metro areas, aiming to provide affordable yet premium entertainment. Known for luxury features like recliner seating and advanced audiovisual systems typically found in urban multiplexes, Connplex is making high-quality cinema experiences accessible to a wider audience across India.
Connplex Cinemas has shown strong financial growth in recent years. For the fiscal year ending March 31, 2024, the company reported a revenue of ₹60.30 crore, EBITDA of ₹6.19 crore and a profit after tax of ₹4.09 crore. In the half-year ending September 30, 2024, Connplex posted a revenue of ₹40.69 crore, EBITDA of ₹12.83 crore and a profit after tax of ₹9.61 crore. These results highlight the company’s solid operational performance and its potential for further expansion as it enters new markets and upgrades its technology.
The Indian cinema industry has rebounded post-pandemic, with audiences returning to theaters for immersive experiences that streaming platforms can’t match. Connplex Cinemas is well-positioned to benefit from this revival, focusing on luxury and innovation while expanding into smaller towns and metros. By investing in advanced LED screens and projectors, Connplex aims to set new standards in cinema quality. Its franchise model supports rapid, cost-effective expansion, allowing the company to reach markets that previously lacked access to high-quality cinema infrastructure.
Connplex’s leadership has articulated a clear vision: to revolutionize the cinema experience across India by combining luxury, innovation and accessibility. The upcoming IPO is expected to provide the necessary capital to realize this vision, supporting both organic growth and potential strategic acquisitions.
With the NSE Emerge approval secured, Connplex Cinemas Limited is poised to launch its IPO in the coming months. Industry analysts will be watching closely to see how the company leverages the fresh capital to accelerate its expansion and enhance its technological capabilities.
As Connplex continues to bridge the gap between luxury and accessibility in the Indian cinema sector, its IPO represents not just a financial milestone but a significant step toward reshaping the entertainment landscape for millions of moviegoers across the nation.
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