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Connplex Cinemas IPO

₹1,34,400/800 shares

Minimum Investment

IPO Details

Open Date

07 Aug 25

Close Date

11 Aug 25

Minimum Investment

1,34,400

Lot Size

800

Price Range

168 to ₹177

Listing Exchange

NSE

Issue Size

90.27 Cr

Listing Date

14 Aug 25

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Connplex Cinemas IPO Timeline

Bidding Start

07 Aug 25

Bidding Ends

11 Aug 25

Allotment Finalisation

12 Aug 25

Refund Initiation

13 Aug 25

Demat Transfer

13 Aug 25

Listing

14 Aug 25

Connplex Cinemas Limited

Incorporated in 2015, Connplex Cinemas Limited is an entertainment company that operates “Smart Cinemas” across India, offering premium movie experiences with advanced technology and comfort tailored to Indian tastes. The company builds theatres and partners through franchise agreements for film exhibition, distribution, and revenue sharing from ticket sales, food, beverages, and advertisements. Operating under the “CONNPLEX” brand and others, it also enables direct brand engagement through on-screen and off-screen ads. Its business model includes Express, Signature, and Luxuriance formats. As of June 30, 2025, it employed 96 people.

Connplex Cinemas Limited IPO Overview

Connplex Cinemas IPO is a book-building public issue worth ₹90.27 crores, comprising a fresh issue of 51 lakh equity shares. The IPO opens for subscription on August 7, 2025, and closes on August 11, 2025. The allotment is expected to be finalised on August 12, with the shares likely to be listed on the NSE SME platform on August 14, 2025. The price band is fixed between ₹168 to ₹177 per share, and the lot size is 800 shares. Retail investors must invest a minimum of ₹2,68,800 for 1,600 shares, while HNIs need to invest at least ₹4,24,800 for 2,400 shares. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, MUFG Intime India Private Limited (Link Intime) is the registrar, and Spread X Securities Private Limited is the designated market maker.

Connplex Cinemas Limited IPO Details

Particulars Details
IPO Date 7 August 2025 to 11 August 2025
Listing Date 14 August 2025
Face Value ₹10 per share
Issue Price Band ₹168 to ₹177 per share
Lot Size 800 Shares
Total Issue Size 51,00,000 shares (aggregating up to ₹90.27 Cr)
Fresh Issue 51,00,000 shares (aggregating up to ₹90.27 Cr)
Offer for Sale NA
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
Market Maker Portion 2,56,000 shares

Connplex Cinemas IPO Reservation

Investor Category Shares Offered
Market Maker 2,56,000 (5.02%)
QIB 24,20,800 (47.47%)
Anchor Investors 14,52,000 (28.47%)
NII (HNI) 7,27,200 (14.26%)
Retail 16,96,000 (33.25%)
Total 51,00,000 (100.00%)

Connplex Cinemas IPO Anchor Investors Details

Bid Date Shares Offered Anchor Portion Size
6 August 2025 14,52,000 ₹25.70 Crores
  • 50% lock-in ends: 11 September 2025
  • Remaining lock-in ends: 10 November 2025

Connplex Cinemas IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 1,600 ₹2,83,200
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 IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 95.36%
Post-Issue 69.90%

Connplex Cinemas IPO Valuation Overview

KPI Value
EPS (Pre IPO) ₹13.58
EPS (Post IPO) ₹9.95
P/E (Pre IPO) 13.04
P/E (Post IPO) 17.78
RoNW 77.78%
ROE 127.28%
ROCE 98.25%
Debt/Equity 0.03
PAT Margin 19.88%
EBITDA Margin 27.48%
Price to Book Value 45.62

Objectives of the Proceeds

  • Purchase corporate office infrastructure – ₹14.79 Cr
  • Purchase LED Screens and Projectors – ₹24.44 Cr
  • Working capital requirement – ₹37.63 Cr
  • General corporate purposes – Unspecified

Key Financials (in ₹ Crore)

Particulars 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 61.12 36.40 27.96
Total Income 96.78 60.83 25.61
Profit After Tax 19.01 4.09 1.65
Reserves and Surplus 10.44 4.93 0.84
Total Borrowing 0.72 0.27 0.32

SWOT Analysis of Connplex Cinemas IPO

Strength and Opportunities

  • Wide franchisee network ensures market reach and scalability.
  • Diversified formats cater to a wide customer base.
  • Growing presence in tier 2 and 3 markets.
  • Strong growth in revenue and profitability.

Risks and Threats

  • Limited operational history compared to major listed peers.
  • High capital cost in technology upgrades.
  • Highly competitive entertainment industry.
  • Dependency on external franchise models.

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About Connplex Cinemas Limited

Connplex Cinemas IPO Strengths

  • Robust franchisee model supports rapid, low-investment expansion across cities
  • Technological innovation enhances user experience and operational efficiency
  • Multiple cinema formats target diverse customer segments
  • Strong growth in emerging regional markets

Peer Group Comparison

Company Name EPS (₹) NAV (₹) RoNW (%) P/BV Ratio Financials
Connplex Cinemas Ltd. 13.58 17.46 77.78 Standalone
Peer Group
PVR Inox Ltd. -28.48 718.27 -3.96 1.38 Consolidated

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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