Connplex Cinemas listed at 10.17% premium

Mumbai, 14 August 2025: Connplex Cinemas Limited listed on the NSE SME platform at ₹195, a 10.17% premium over its IPO price of ₹177.

By 13:33:45 IST, the stock hit an intraday high of ₹198 before slipping to ₹185.25, its 5% lower circuit limit, still 4.66% above the issue price.

Around 23.85 lakh shares worth ₹45.72 crore had changed hands, with 99.90% delivery, indicating profit booking by early investors.

Connplex Cinemas IPO Saw 35.67x Bids

Connplex Cinemas’ IPO, held between 7–11 August 2025, was subscribed 35.67 times. The issue, priced in a band of ₹168–177, comprised a fresh issue of 51 lakh shares. Ahead of the IPO, the company raised ₹25.70 crore from anchor investors on 2 August 2025, allotting 14.52 lakh shares at ₹177 to 10 anchor investors. Post-IPO, promoter holding fell to 69.90% from 95.36%.

IPO Proceeds will be used for expansion and technology upgrade

The company plans to use the IPO proceeds for purchasing a corporate office, LED screens and projectors, funding working capital, and general corporate purposes, including IPO expenses.

Headquartered in India, Connplex Cinemas operates a nationwide chain of “Smart Cinemas” under the CONNPLEX brand, with formats Express, Signature, and Luxuriance catering to varied customer segments. Its revenue streams include box office collections, F&B sales, and advertising. As of 30 June 2025, the company reported a revenue of ₹95.60 crore and a net profit of ₹19 crore for FY25.

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