August 14, 2025
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Last Subscription Tally
| Size Rs. 85.74 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 44.21 | 49.75 | 24.75 | 35.67 | 33640 |
| Subscription Review: Subscription tally improved on the last day |
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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
|
Sector: Seafood Exports |
|
| 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 |
|
| 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
