Connplex Cinemas was incorporated on September 1, 2015. The company develops and franchises cinema theatres under the “CONNPLEX” brand, focusing on film exhibition, distribution, and F&B revenue sharing. It also offers event spaces and partners with studios to boost reach through strategic marketing and digital platforms
| Bidding Dates |
|---|
| 07 Aug 2025 - 11 Aug 2025 |
| Subscription |
|---|
| 33.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,68,800 | 2 | 2 | 800 | 5.1 M | ₹168 - ₹177 | 69.9 % | ₹856.8 M - ₹902.7 M | RHP DOC |
Connplex Cinemas IPO SUBSCRIPTION STATUS
11 Aug '25Connplex Cinemas IPO overall subscription rate was 33.25 times the total available shares
Connplex Cinemas IPO retail subscription rate was 32.91 times in the retail segment
Connplex Cinemas IPO non-institutional investor subscription rate was 66.58 times in the non-institutional investor category
Connplex Cinemas IPO Qualified Institutional Bidder subscription rate was 23.48 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
11 Aug 2025 (Day 3) | 32.91x | 66.58x | 23.48x |
08 Aug 2025 (Day 2) | 3.72x | 1.59x | 0.53x |
07 Aug 2025 (Day 1) | 1.59x | 0.56x | 0.16x |
Connplex Cinemas FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 95.6 | 19.0 | 2.8 | 0.9 | 27.5% |
| FY24 | 60.3 | 4.1 | 4.0 | 1.0 | 10.3% |
| FY23 | 25.4 | 1.6 | 8.8 | 3.3 | 10.4% |
Connplex Cinemas IPO SUBSCRIPTION STATUS DETAILS
Connplex Cinemas had 5.1 M shares on offer
Connplex Cinemas IPO offer price was in the range ₹168 - ₹177
Connplex Cinemas IPO minimum Investment was ₹268800
Connplex Cinemas IPO issue size was ₹ 856.8 M - ₹ 902.7 M
Connplex Cinemas had a minimum lot size of 800 Shares per application
Connplex Cinemas NUMBER OF SHARES ON OFFER
Connplex Cinemas IPO IMPORTANT DATES
| Issue Open Date | 07 Aug 2025 |
| Issue close Date | 11 Aug 2025 |
| Allotment Date | 12 Aug 2025 |
| Refund Date | 13 Aug 2025 |
| Demat Account Credit Date | 13 Aug 2025 |
| Listing Date | 14 Aug 2025 |
| Listing on Exchange(s) | NSE |
| Connplex Cinemas Allotment Status | Exchange/ Registrar |
Connplex Cinemas IPO subscription opened on 07 Aug 2025, and closed on 11 Aug 2025
IPO allotment for Connplex Cinemas was finalized on Tuesday, 12 Aug 2025
IPO listing for Connplex Cinemas was on NSE on Thursday, 14 Aug 2025
Connplex Cinemas IPO LISTING GAINS
| Issue Price (adjusted) | 177.0 |
| Listing Open Price | 195.0 |
| Listing Close Price | 186.9 |
| Listing Gain% | 10.2% |
| Current Gain% | 14.2% |
Connplex Cinemas Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Connplex Cinemas Ltd. | 202.1 | 386 | 14.8 | 0.4 | 2.6 | 19.4 | 15 | 150.1 | 55.1 | 26.1 | 37.4 | 13.7 | 37.4 |
| Prime Focus Ltd. | 281.6 | 21926.4 | 145.3 | 0.8 | 4.5 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1160.2 | 11393.2 | 25.6 | 0.1 | 1.7 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 529.1 | 10201.6 | 46.2 | 5.6 | 9.8 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 669.1 | 8553.2 | 39.9 | 1.5 | 21.7 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 47 | 1166.9 | 83.9 | -1.3 | 3.8 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Connplex Cinemas INFORMATION ON IPO ISSUE
About Connplex Cinemas
Connplex Cinemas was incorporated on September 1, 2015. The company develops and franchises cinema theatres under the “CONNPLEX” brand, focusing on film exhibition, distribution, and F&B revenue sharing. It also offers event spaces and partners with studios to boost reach through strategic marketing and digital platforms
Object of the Issue
- Funding capital expenditure requirement for purchase of corporate office
- Funding capital expenditure requirement of purchase of LED Screens and Projectors
- Funding working capital requirement
- Funding general corporate purposes
Connplex Cinemas - PROMOTERS
| Name |
|---|
| Anish Tulshibhai Patel |
| Rahul Kamleshbhai Dhyani |
Connplex Cinemas - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Anish Tulshibhai Patel | Managing Director |
| Rahul Kamleshbhai Dhyani | Joint Managing Director |
| Parshwa Bhavikbhai Shah | Non-Executive Independent Director |
| Ronak Ashokbhai Mehta | Non-Executive Independent Director |
| Amisha Fenil Shah | Non-Executive Independent Director |
Connplex Cinemas Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Connplex Cinemas Registrar to the issue
MUFG Intime India Private Limited
connplex.smeipo@linkintime.co.in
Connplex Cinemas Strengths
Diversified revenue stream
The company generates revenue from multiple streams including cinema development, F&B sales, and advertising, reducing reliance on box office income. Regionally tailored food offerings enhance customer experience and drive significant revenue growth
Variety cinema formats
The company offers three cinema formats Express, Signature, and Luxuriance—tailored to different market segments. Each format balances efficiency, luxury, and technology, ensuring quality and customer satisfaction across locations
Experience & new technology
The company stands out by offering premium cinema experiences with recliner seating, immersive sound, and HD screens. Continuous investment in advanced tech like Dolby Atmos and 2K projectors enhances viewing quality and customer satisfaction
Connplex Cinemas Risks
Damage risks
Cinema screens are key to the viewing experience but may face damage from patrons during events. Despite surveillance and staff monitoring, such incidents can't be entirely prevented
Food & beverage sales
Food and beverage sales significantly support revenue but are vulnerable to changing preferences and competition. Fluctuations in this high-margin stream may impact overall profitability and financial stability
Maintenance risks
The brand focuses on premium cinema experiences to attract high-value customers. Failure to maintain quality or invest in upgrades may reduce customer satisfaction, loyalty, and repeat business
IPO FAQs
The promoters of the company are Anish Tulshibhai Patel and Rahul Kamleshbhai Dhyani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 168.0 - 177.0.
The IPO application opens on Aug 07, 2025 and closes on Aug 11, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 268,800.0, the maximum value for this IPO is Rs 283,200.0.
This IPO will be allotted on Aug 12, 2025.
The refund will be credited to your account on Aug 13, 2025.
The allotted shares will be credited to your demat on Aug 13, 2025.
Connplex Cinemas Ltd.’s shares listed on the stock exchanges on Aug 14, 2025.