August 7, 2025
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What is the latest news of Connplex Cinemas IPO?
The company will enter the market on 7 August 2025.
About Connplex Cinemas
Connplex Cinemas Limited, incorporated in 2015, is an entertainment company known for operating “Smart Cinemas” across India, delivering a premium movie-going experience through advanced technology, comfortable seating, and a strong focus on Indian audience preferences.
The company develops theaters and partners through franchise agreements for film exhibition and distribution, earning revenue from ticket sales, food & beverages, and on-screen/off-screen advertisements, all under the flagship brand “CONNPLEX” and other registered names.
Its business model is structured around three formats:
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Express – designed for quick, value-driven experiences
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Signature – offering a balanced premium experience
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Luxuriance – delivering high-end luxury cinema experiences
As of June 30, 2025, Connplex Cinemas employed 96 staff members, including key managerial personnel, ensuring smooth operations and service excellence.
Connplex Cinemas IPO Details
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Sector: Seafood Exports |
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| IPO opens on | 7 August 2025 |
| IPO closes on | 11 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 51,00,000 Shares / Rs 90.27 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 256000 Shares |
| Net offer to Public | 4844000 Shares Rs. 85.74 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 168-177 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker | 2,56,000 (5.02%) |
| QIB Shares Offered | 24,20,800 (47.47%) |
| NII (HNI) | 7,27,200 (14.26%) |
| Retail | 16,96,000 (33.25%) |
| Total | 51,00,000 (100.00%) |
How shares can be applied?
| 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 |
Who are the Promoters of Connplex Cinemas IPO?
The promoters hold 95.36% of the pre-IPO capital
What are the Objects of Connplex Cinemas IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Funding capital expenditure requirement for purchase of corporate office Rs. 14.79 Crore
+Funding capital expenditure requirement of purchase of LED Screens and Projectors Rs. 24.44 Crore
+Funding Working Capital Requirement Rs. 37.63 Crore
+Funding General Corporate Purposes
Connplex Cinemas IPO Timetable
Tentative timetable |
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| IPO opens on | 7 August 2025 |
| IPO Closes on | 11 August 2025 |
| IPO Allotment on | 12 August 2025 |
| Refund Initiation | 13 August 2025 |
| Credit of Shares | 13 August 2025 |
| Listing on | 14 August 2025 |
| Registered Office of the Company Connplex Cinemas Ltd. Block C-1001, Krish Cubical Opp. Avalon Hotel, Nr. Govardhan Party Plot, Thaltej, Ahmedabad, Daskroi Ahmedabad, Gujarat, 380059 |
| Lead Managers of this IPO Beeline Capital Advisors Pvt ltd |
| Who is the Registrar to the IPO? Mufg Intime India Pvt ltd |
Connplex Cinemas Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 61.12 | 36.4 | 27.96 |
| Total Income | 96.78 | 60.83 | 25.61 |
| Profit After Tax | 19.01 | 4.09 | 1.65 |
| EBITDA | 26.28 | 6.19 | 2.63 |
| Net Worth | 24.44 | 5.43 | 1.34 |
| Reserves and Surplus | 10.44 | 4.93 | 0.84 |
| Total Borrowing | 0.72 | 0.27 | 0.32 |
| Amount in Rs Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 127.28% |
| ROCE | 98.25% |
| Debt/Equity | 0.03 |
| RoNW | 77.78% |
| PAT Margin | 19.88% |
| EBITDA Margin | 27.48% |
| Price to Book Value | 45.62 |
| EPS-Post | 9.95 |
| PE-Post | 17.78 |
How Connplex Cinemas IPO compares with the Peers?
| Company Name | RoNW (%) | P/BV Ratio |
| Connplex Cinemas Limited | 77.78 | |
| PVR Inox Limited | -3.96 | 1.38 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Chanakya’s IPO Review – Connplex Cinemas by Paresh Gordhandas, CA & Research Analyst
🔍 Connplex Cinemas IPO — Investment Review & Financial Health
Connplex Cinemas Limited operates premium “Smart Cinemas” primarily in Tier‑2, Tier‑3 and Tier‑4 cities under a franchise-based model. It offers recliner seating, advanced AV systems, diversified income streams (ticketing, F&B, advertising), and targets underserved regions with a luxury yet affordable experience
📈 Financial Highlights
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Revenue (FY24): Rs.60.30 crore (↑58.6% YoY)
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PAT (FY24): Rs.4.09 crore (vs ₹1.65 crore in FY23, nearly 2.5x)
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H1 FY25: Revenue Rs.40.69 crore, PAT Rs.9.61 crore; EBITDA Rs.12.83 crore
This turnaround reflects fast growth, improving margins, and operational leverage, particularly in the first half that propelled profits to ₹9.61 crore.
✅ Why Investors Should Consider Applying
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Strong Profit Momentum: Sharp rise in PAT demonstrates the business is rapidly scaling with improving profitability. Half-year earnings alone exceed FY24’s full-year profit, indicating strong momentum
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Diversified Franchise Model: Revenue streams from box office, F&B, advertising, and private events diversify income and reduce risk, while franchise setup enables scalability with minimal capital deployment.
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Underserved Cinematic Markets: Targeting Tier‑2/3/4 cities presents a growth opportunity—premium cinema experience is relatively untapped in these geographies.
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IPO Utilization for Expansion: Capital from the Rs.90.27 crore issue will fund corporate office purchase (Rs.24.4 cr), working capital Rs.37.6 cr), and general corporate needs —supporting infrastructure and further growth.
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NSE Emerge Approval in Place: Regulatory clearance from NSE Emerge is secured, enabling public listing for SME issuers, signifying regulatory readiness and compliance
⚠️ Considerations & Risks
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Relatively Low Absolute Profits: Though growth is strong, the absolute PAT (~₹9–10 cr annualized) remains modest compared to larger players.
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Operational & Franchise Risks: Fragmented franchise operations may lead to inconsistencies in service, affecting brand reputation and margins
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Capital Intensity & Tech Risk: Maintaining luxury standards with high-end projection and seating involves recurring CAPEX. Equipment costs and breakdowns can impact margins.
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Sectoral Risks: Changing movie schedules, pandemic resurgence, or competition from OTT platforms may impact footfall and revenues.
🏁 Final Take – Chanakya Insight
The Connplex Cinemas IPO is positioned at Rs.90.27 crore issue size under the NSE SME platform. It offers a well-timed growth bet—combining quality cinematic experience with a scalable franchise model and improving profitability. The company is moving from modest scale to growing profitability, with strong H1 FY25 earnings outpacing the prior full year.
For investors looking to bet on emerging cinema market in smaller cities, seeking early-stage gain from expansion phase, and willing to back a young, profitable business with rising margins, Connplex provides an intriguing, high-risk–high-reward opportunity.
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