
Connplex Cinemas IPO is a book-built issue of โน90.27 crores, comprising a complete fresh issue of 51.00 lakh equity shares.
The IPO opens for subscription on August 7, 2025, and will close on August 11, 2025. The basis of allotment for the Connplex Cinemas IPO is expected to be finalized on Tuesday, August 12, 2025, with the shares likely to be listed on the NSE SME platform on Thursday, August 14, 2025.
The Connplex Cinemas IPO price band is set at โน168 to โน177 per share. The lot size is 800 shares. For retail investors, the minimum investment required is โน2,68,800 (for 1,600 shares). High Net Worth Individuals (HNIs) need to apply for a minimum of 3 lots (2,400 shares), requiring an investment of โน4,24,800.
Connplex Cinemas IPO Details
General | Detail |
---|---|
IPO Date | August 7, 2025 to August 11, 2025 |
Listing Date | [.] |
Face Value | โน10 per share |
Issue Price Band | โน168 to โน177 per share |
Lot Size | 800 Shares |
Sale Type | Fresh Capital |
Total Issue Size | 51,00,000 shares (aggregating up to โน90.27 Cr) |
Reserved for Market Maker | 2,56,000 shares (aggregating up to โน4.53 Cr) |
Net Offered to Public | 48,44,000 shares (aggregating up to โน85.74 Cr) |
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 |
Connplex Cinemas IPO Date
IPO Timeline | Dates |
---|---|
IPO Open Date | Thu, Aug 7, 2025 |
IPO Close Date | Mon, Aug 11, 2025 |
Tentative Allotment | Tue, Aug 12, 2025 |
Initiation of Refunds | Wed, Aug 13, 2025 |
Credit of Shares to Demat | Wed, Aug 13, 2025 |
Tentative Listing Date | Thu, Aug 14, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2025 |
Connplex Cinemas IPO Anchor Investors Details
Connplex Cinemas IPO raises โน25.70 crore from anchor investors. Connplex Cinemas IPO Anchor bid date is August 6, 2025.
Bid Date | August 6, 2025 |
Shares Offered | 14,52,000 |
Anchor Portion Size (In Cr.) | 25.70 |
Anchor lock-in period end date for 50% shares (30 Days) | September 11, 2025 |
Anchor lock-in period end date for remaining shares (90 Days) | November 10, 2025 |
Connplex Cinemas IPO Lot Size
Investors applying to the Connplex Cinemas IPO can place bids for a minimum of 1,600 shares and in multiples of 800 shares thereafter. The table below outlines the minimum and maximum investment limits for retail individual investors and HNIs, including the number of shares and corresponding application amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Individual investors (Retail) (Min) | 2 | 1,600 | โน2,83,200 |
Individual investors (Retail) (Max) | 2 | 1,600 | โน2,83,200 |
S-HNI (Min) | 3 | 2,400 | โน4,24,800 |
S-HNI (Max) | 7 | 5,600 | โน9,91,200 |
B-HNI (Min) | 8 | 6,400 | โน11,32,800 |
Connplex Cinemas IPO Promoter Holding
The promoters of the company are Mr. Anish Tulshibhai Patel and Mr. Rahul Kamleshbhai Dhyani.
Share Holding Pre Issue | 95.36% |
Share Holding Post Issue | 69.90% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Connplex Cinemas IPO Reservation
The Connplex Cinemas IPO comprises a total of 51,00,000 equity shares. Out of the total issue size:
- 24,20,800 shares (47.47%) are allocated to Qualified Institutional Buyers (QIBs),
- 9,68,800 shares (19.00%) are reserved for QIBs excluding Anchor Investors,
- 7,27,200 shares (14.26%) are allocated to Non-Institutional Investors (NIIs),
- 16,96,000 shares (33.25%) are set aside for Retail Individual Investors (RIIs), and
- 14,52,000 shares (28.47%) are allocated to Anchor Investors.
Investor Category | Shares Offered |
---|---|
Market Maker Shares Offered | 2,56,000 (5.02%) |
QIB Shares Offered | 24,20,800 (47.47%) |
โ Anchor Investor Shares Offered | 14,52,000 (28.47%) |
โ QIB (Ex. Anchor) Shares Offered | 9,68,800 (19.00%) |
NII (HNI) Shares Offered | 7,27,200 (14.26%) |
Retail Shares Offered | 16,96,000 (33.25%) |
Total Shares Offered | 51,00,000 (100.00%) |
About Connplex Cinemas IPO
Connplex Cinemas Ltd., founded in 2011, began its journey in Gujarat with a mission to revolutionize the entertainment experience in Tier-II and Tier-III cities. The company entered the multiplex segment by targeting underserved regions, combining modern infrastructure with affordability. Over the years, Connplex has emerged as one of Indiaโs fastest-growing cinema chains, setting the stage for the much-anticipated Connplex Cinemas IPO.
Backed by a vision to expand the cinematic footprint beyond metros, Connplex focused on high-footfall locations in smaller towns. It successfully created a hybrid model blending entertainment and hospitality. With each new multiplex launch, the company emphasized digital screens, recliner seating, and quality snack options, helping it gain a loyal customer base. Its growing popularity plays a significant role in the positive sentiment around the upcoming IPO.

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Over the last decade, Connplex Cinemas Ltd. has grown to operate 80+ screens across 25+ locations in India. The company entered into various strategic tie-ups with real estate developers and mall owners to expand its footprint. Notable partnerships include deals with municipal corporations and private realty groups to secure prime entertainment spaces. These deals strengthened the fundamentals behind the Connplex Cinemas IPO.
As of 2025, the company continues to explore expansion opportunities across Rajasthan, Madhya Pradesh, and Maharashtra. With an eye on sustainable revenue streams, it has also diversified into film distribution and content partnerships. These initiatives, along with its scalable business model, position Connplex as a promising player in the SME sector, drawing investor attention to the Connplex Cinemas IPO.
The proceeds from the Connplex Cinemas IPO will primarily be used for opening new multiplexes, upgrading existing cinemas, and enhancing digital infrastructure. The company also plans to invest in exclusive content deals and customer loyalty programs. With robust fundamentals and a clear expansion roadmap, Connplex aims to redefine the regional entertainment landscape post-IPO.
Products Offered
- Multiplex Theatres: Modern screens with Dolby Atmos, 2K/4K projection systems, and immersive sound
- Food & Beverages: On-site snack bars and gourmet counters with custom menus
- Private Screenings: Booking options for birthdays, corporate events, and special shows
- Online Booking Platform: Integrated ticketing and concessions app
- Film Distribution: Regional and Bollywood movie distribution in Tier-II cities
Company Strengths
- Strong presence in Tier-II/III cities, creating a first-mover advantage
- Consistent revenue growth backed by recurring footfalls and F&B margins
- Asset-light expansion model through leasing and partnerships
- High brand recall in regional entertainment sectors
- Clear IPO utilization plan, ensuring focused capital deployment
- Diverse revenue sources, including ticketing, F&B, and content distribution
Company Financials
Connplex Cinemas Ltd. Financial Information
Connplex Cinemas Ltd. recorded a 59% revenue growth and a 365% surge in PAT between FY 2023โ24 and FY 2024โ25, reinforcing strong fundamentals ahead of the Connplex Cinemas IPO.
Period Ended | 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 |
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 โน Crore |
Key Performance Indicator (KPI)
The market capitalization of Connplex Cinemas IPO is estimated at โน338.07 crore, reflecting strong investor interest and valuation in the upcoming IPO.
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 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 13.58 | 9.95 |
P/E (x) | 13.04 | 17.78 |
- Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as mentioned in the RHP and the latest financial year earnings as of March 31, 2025.
- The Post-Issue EPS is computed using the post-issue shareholding and the annualized FY 2024โ25 earnings, as disclosed in the RHP (Red Herring Prospectus).
Objects of the Issue
S.No. | Objects of the Issue | Expected Amount (โน in crores) |
---|---|---|
1 | Funding capital expenditure requirement for purchase of corporate office | 14.79 |
2 | Funding capital expenditure requirement of purchase of LED Screens and Projectors | 24.44 |
3 | Funding Working Capital Requirement | 37.63 |
4 | Funding General Corporate Purposes |
Connplex Cinemas IPO. Contact Details
Connplex Cinemas Ltd. Contact Details
- Connplex Cinemas Ltd.
Block C-1001, Krish Cubical
Opp. Avalon Hotel, Nr. Govardhan Party Plot,
Thaltej, Ahmedabad, Daskroi
Ahmedabad, Gujarat, 380059
Phone: +91 07935289865
Email: info@theconnplex.com
Website: https://ticketing.theconnplex.com/
Connplex Cinemas IPO Registrar
- MUFG Intime India Private Limited (Link Intime)
- Phone: +91-22-4918 6270
- Email: connplex.smeipo@linkintime.co.in
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
- Total issue size: โน90.27 crore
- Fresh issue only: 51,00,000 equity shares
- No Offer for Sale (OFS)
- Price band: โน168 to โน177 per share
- Lot size: 800 shares
- Minimum investment (Retail): โน2,68,800 for 2 lots (1,600 shares)
- Minimum investment (HNI): โน4,24,800 for 3 lots (2,400 shares)
- Allotment Date: August 12, 2025 (Tentative)
- Listing Date: August 14, 2025 (Tentative)
- Exchange: NSE SME platform
- Revenue growth (FY24 to FY25): 59%
- PAT growth (FY24 to FY25): 365%
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