The initial public offer (IPO) of Connplex Cinemas received bids for 12,12,85,600 shares as against 36,48,000 shares on offer. The issue was subscribed 33.24 times.
Qualified Institutional Buyers (QIBs) bid for 4,28,32,000 shares, Non-Institutional Investors (NIIs) for 3,64,34,400 shares, while individual investors (IND category bidding for 2 lots) placed bids for 12,12,85,600 shares.
The issue opened for bidding on 7 August 2025 and it closed on 11 August 2025. The price band of the IPO was set at Rs 168 to 177 per share. The equity shares will list on NSE's SME platform.
The IPO comprised fresh issue of 51,00,000 shares. The promoter and promoter group shareholding diluted to 69.90% from 95.36% pre-IPO.
The company intends to utilize the net proceeds for capital expenditure towards the purchase of a corporate office, procurement of LED screens and projectors, funding working capital requirements, general corporate purposes, and covering public issue expenses.
Ahead of the IPO, Connplex Cinemas on 2 August 2025, raised Rs 25.70 crore from anchor investors. The board allotted 14.52 lakh shares at Rs 177 per share to 10 anchor investor.
Connplex Cinemas is a leading entertainment company that operates a nationwide network of “Smart Cinemas,” offering a premium movie-watching experience through advanced technology, comfortable seating, and a strong focus on Indian audience preferences. The company develops theatres and enters into franchise agreements for film exhibition and distribution, generating revenue from box office collections, food and beverage sales, and on-screen as well as off-screen advertising. All cinemas operate under the “CONNPLEX” brand and other registered trademarks.
Connplex offers brands a unique opportunity to engage directly with audiences through integrated advertising solutions at its venues. The company’s business model includes three formats—Express, Signature, and Luxuriance—each tailored to meet diverse consumer preferences by combining cutting-edge technology with immersive cinematic experiences. As of 30 June 2025, Connplex Cinemas had 96 employees on its payroll, including Key Managerial Personnel (KMP).
The company recorded revenue from operations of Rs 95.60 crore and net profit of Rs 19 crore for the period ended 31 March 2025.