Connplex Cinemas IPO
Connplex Cinemas IPO
Overview
Connplex Cinemas IPO is a book build issue of ₹90.27 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹90.27 crore. Connplex Cinemas IPO bidding started from Aug 7, 2025 and ended on Aug 11, 2025. The allotment for Connplex Cinemas IPO was finalized on Aug 12, 2025. Connplex Cinemas IPO will list on NSE SME with a tentative listing date fixed as Aug 14, 2025. Connplex Cinemas IPO price band is set at ₹177.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,68,800.00 (1,600 shares). The minimum lot size investment for HNI is 3 lots (2,400 shares), amounting to ₹4,24,800. Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Total Shares
51,00,000
Issue Size
₹90.27 Cr
Price Band
₹177 – ₹177
Lot Size
800 shares
Min. Investment
₹2,83,200
Max. Investment
₹2,83,200
Open Date
07 Aug, 2025
Close Date
11 Aug, 2025
Allotment
12 Aug, 2025
Listing
14 Aug, 2025
Max. Investment
₹2,83,200
Announced
07 Aug, 2025
Opening Date
07 Aug, 2025
Closing Date
11 Aug, 2025
Basis of Allotment
12 Aug, 2025
Initiation of Refunds
13 Aug, 2025
Credit of Shares
13 Aug, 2025
Listing Date
14 Aug, 2025
Live GMP
Est. Listing: ₹189
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About Connplex Cinemas IPO
Incorporated in 2015, Connplex Cinemas Limited is an entertainment company operating \Smart Cinemas\ throughout the nation, providing a premium movie experience with advanced technology, comfortable seating, and a focus on Indian preferences.
The company develops theaters and enters franchise agreements for film exhibition and distribution, sharing revenue from screenings, food and beverages sales, and advertisements at various franchised cinemas, all under the br
Connplex Cinemas IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.4% increase in shares
Connplex Cinemas IPO Promoters Holding
Connplex Cinemas IPO Financial Health
Connplex Cinemas Ltd.'s revenue increased by 59% and profit after tax (PAT) rose by 365% between the financial year ending with March 31, 2025 and March 31, 2024.
Connplex Cinemas IPO Lot Size
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | ₹2,83,200 |
| Individual investors (Retail) (Max) | 2 | 1600 | ₹2,83,200 |
| S-HNI (Min) | 3 | 2400 | ₹4,24,800 |
| S-HNI (Max) | 7 | 5600 | ₹9,91,200 |
| B-HNI (Min) | 8 | 6400 | ₹11,32,800 |
(All values in CR)
Connplex Cinemas IPO Valuations
The market capitalization of Connplex Cinemas IPO is ₹338.07 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Connplex Cinemas IPO Strength & Risk
Connplex Cinemas IPO Strength:
Fresh issue of ₹90 crore with no promoter sell-off; shows strong promoter commitment
Funds allocated for expansion: office setup, LED screen upgrades, working capital
“Smart-cinema” model with recliner seating and affordable pricing in Tier 2/3 cities
FY24 revenue grew 137% YoY to ₹60.3 crore; H1 FY25 revenue already ₹40.7 crore
H1 FY25 PAT of ₹9.61 crore vs FY24 PAT of ₹4.1 crore; strong earnings momentum
EBITDA margin improved to 10.3% in FY24; continues rising in FY25
Strong returns: FY24 ROE 75%, ROCE ~88%; very low debt-equity ratio (0.05)
230+ screens across 7 states with structured franchise formats (Express, Signature, Luxuriance)
Full control over ticketing, F&B, ads, events — boosting unit economics
Winner of Times Business Awards 2025 (Entertainment category)
Connplex Cinemas IPO Risk:
SME IPO with low liquidity and high minimum lot size (800 shares = ₹1.4 lakh)
Regulatory risk: ticket price caps (like Karnataka’s ₹200 limit) could hurt margins
Competition from PVR-INOX and other chains expanding into Tier 2/3 markets
Revenue seasonal: only 4–5 months of strong film releases annually
High fixed costs (rent, utilities, maintenance) during low occupancy periods
Dependence on regional content; Hindi cinema’s falling box office share poses mismatch risks
Execution risk in scaling 200+ screens across 15 states — potential operational strain
Connplex Cinemas IPO Subscriptions Status
Connplex Cinemas IPO subscribed 35.67 times. The public issue subscribed 24.75 times in the individual investors category, 44.21 times in QIB, and 49.75 times in the NII category by August 11, 2025 6:19:02 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,52,000 | 14,52,000 | 25.7 |
| Market Maker | 1.00 | 2,56,000 | 2,56,000 | 4.531 |
| Qualified Institutions | 44.21 | 9,68,800 | 4,28,32,000 | 758.126 |
| Non-Institutional Buyers | 49.75 | 7,27,200 | 3,61,76,000 | 640.315 |
| bNII (bids above ₹10L) | 58.98 | 4,84,800 | 2,85,94,400 | 506.121 |
| sNII (bids below ₹10L) | 31.28 | 2,42,400 | 75,81,600 | 134.194 |
| Individual Investors (IND category bidding for 2 Lots) | 24.75 | 16,96,000 | 4,19,76,000 | 742.975 |
| Total | 35.67 | 33,92,000 | 12,09,84,000 | 2 |
Connplex Cinemas IPO GMP
Connplex Cinemas was listed on the stock exchange on 2019-10-14 00:00:00. The IPO was subscribed 35.67x. The last GMP for Connplex Cinemas IPO was ₹12, updated on Aug 14th 2025 09:34 AM. As per the last GMP, the expected profit/loss for the IPO was 6.78%. The issue price of Connplex Cinemas IPO (CONNPLEX) was ₹177.00, listed at a price of ₹195.00, which is 10.17% higher than the allotment price. The expected IPO listing price as per grey market was ₹189, listed above GMP price and marked as positive listing for GMP.
Last updated 14 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Aug, 2025 | 177 | ₹12 | 7300 | ₹189 (6.78%) | 9600 | 14 Aug, 2025 |
| 13 Aug, 2025 | 177 | ₹12▲ | 7300 | ₹189 (6.78%) | 9600 | 13 Aug, 2025 |
| 12 Aug, 2025 | 177 | ₹10▼ | 6100 | ₹187 (5.65%) | 8000 | 12 Aug, 2025 |
| 11 Aug, 2025 | 177 | ₹13▼ | 7900 | ₹190 (7.34%) | 10400 | 11 Aug, 2025 |
| 10 Aug, 2025 | 177 | ₹31 | 18800 | ₹208 (17.51%) | 24800 | 10 Aug, 2025 |
| 09 Aug, 2025 | 177 | ₹31 | 18800 | ₹208 (17.51%) | 24800 | 09 Aug, 2025 |
| 08 Aug, 2025 | 177 | ₹31 | 18800 | ₹208 (17.51%) | 24800 | 08 Aug, 2025 |
| 07 Aug, 2025 | 177 | ₹31 | 18800 | ₹208 (17.51%) | 24800 | 07 Aug, 2025 |
| 06 Aug, 2025 | 177 | ₹31▲ | 18800 | ₹208 (17.51%) | 24800 | 06 Aug, 2025 |
| 05 Aug, 2025 | 177 | ₹30▲ | 18200 | ₹207 (16.95%) | 24000 | 05 Aug, 2025 |
| 04 Aug, 2025 | 177 | ₹0 | - | ₹177 (0.00%) | - | 04 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Connplex Cinemas IPO
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Find Connplex Cinemas IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.