Connplex Cinemas has opened its much-anticipated ₹90.27 crore IPO, drawing attention with a reported 18% grey market premium ahead of listing. The public issue comprises 51 lakh equity shares and is priced in the range of ₹168–₹177 per share. The IPO closes on August 11, with the shares scheduled to list on the NSE SME platform on August 14.
Anchor Backing and Strong Financials
The company has already secured ₹25.7 crore from anchor investors, indicating robust institutional confidence. Financially, Connplex Cinemas has delivered an impressive performance:
- Revenue jumped 59% year-on-year to ₹96.78 crore
- Net profit soared 365% to ₹19.01 crore
About the Company
Founded in 2015, Connplex Cinemas operates a chain of Smart Cinemas across India with offerings in Express, Signature, and Luxury formats. Its diversified revenue model includes:
- Box office collections
- Food and beverage sales
- On-screen and in-premise advertising
This hybrid format strategy allows the brand to cater to both mass-market and premium consumers, enhancing occupancy and profitability.
Utilization of IPO Proceeds
The funds raised from the IPO will be used for:
- Purchasing a corporate office
- Investment in LED screens and projection systems
- Working capital requirements
- General corporate purposes
Key IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Size | ₹90.27 crore |
| Price Band | ₹168 – ₹177 per share |
| Issue Type | Fresh issue of 51 lakh equity shares |
| IPO Open | August 7, 2025 |
| IPO Close | August 11, 2025 |
| Listing Exchange | NSE SME |
| Listing Date | August 14, 2025 |
| Grey Market Premium (GMP) | ~18% |
Bottom Line
Backed by a solid earnings track record and visible investor confidence, Connplex Cinemas’ IPO has emerged as a notable opportunity in the SME segment. The company’s expansion into premium cinema formats, alongside diversified revenue streams and a scalable model, makes it an attractive bet for investors eyeing the entertainment and retail space. However, as with any SME listing, risk appetite and investment horizon should be factored in before subscribing.
