Connplex Cinemas IPO Details

Bookbuilding IPO | ₹90 Cr | Listed at NSE SME | Thu, Aug 7, 2025 - Mon, Aug 11, 2025

Connplex Cinemas IPO Logo

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. The shares got listed on NSE SME on Aug 14, 2025.

Connplex Cinemas IPO price band is set at ₹177 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200 (1,600 shares) (based on upper price). The minimum lot size for investment in 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..

Refer to Connplex Cinemas IPO RHP for detailed Information.

IPO Open

Thu, Aug 7, 2025

IPO Close

Mon, Aug 11, 2025

Issue Price

₹177 per share

Market Cap (Pre-IPO)

₹338.07 Cr

IPO Details

IPO Date7 to 11 Aug, 2025
Listed onThu, Aug 14, 2025
Face Value10 per share
Price Band₹168 to ₹177
Issue Price₹177 per share
Lot Size800 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME

Total Issue Size51,00,000 shares
(agg. up to ₹90 Cr)
Reserved for Market Maker
2,56,000 shares
(agg. up to ₹5 Cr)
Spread X Securities Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
48,44,000 shares
(agg. up to ₹86 Cr)
Net Offered to Public48,44,000 shares
(agg. up to ₹86 Cr)
Share Holding Pre Issue1,40,00,000 shares
Share Holding Post Issue1,91,00,000 shares
NSE Symbol CONNPLEX
ISININE0EAS01014

IPO Timetable

Issue Reservation

Connplex Cinemas IPO comprises a total issue size of 51,00,000 shares. The net offer to the public is 48,44,000 shares, after excluding 2,56,000 shares allotted on a firm basis. Of the Net offer 24,20,800 (49.98%) are allocated to QIB, 7,27,200 (15.01%) allocated to NII 16,96,000 (35.01%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 24,20,80049.98%47.47%
  − Anchor Investor Shares Offered 14,52,00028.47%
  − QIB (Ex. Anchor) Shares Offered 9,68,80019.00%
NII (HNI) Shares Offered 7,27,20015.01%14.26%
  − bNII > ₹10L 4,84,8009.51%
  − sNII < ₹10L 2,42,4004.75%
Retail Shares Offered 16,96,00035.01%33.25%
Firm Reservations
Market Maker Shares Offered 2,56,0005.02%
Total Shares Offered 51,00,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 1,600 ₹2,83,200
Individual investors (Retail) (Max) 2 1,600 ₹2,83,200
S-HNI (Min) 3 2,400 ₹4,24,800
S-HNI (Max) 7 5,600 ₹9,91,200
B-HNI (Min) 8 6,400 ₹11,32,800
IPO Subscription Details

IPO Anchor Investors

Connplex Cinemas IPO raises ₹25.70 crore from anchor investors. Connplex Cinemas IPO Anchor bid date is August 6, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateWed, Aug 6, 2025
Shares Offered14,52,000
Anchor Portion (₹ Cr.)25.70
Anchor lock-in period end date for 50% shares (30 Days)Thu, Sep 11, 2025
Anchor lock-in period end date for remaining shares (90 Days)Mon, Nov 10, 2025

About Connplex Cinemas Ltd.

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 brand name “CONNPLEX” and other registered brands.

Their venue offers on-screen and off-screen advertising, allowing brands to engage directly with audiences.

Business Model:

Express, Signature, and Luxuriance—each designed to cater to diverse audience preferences by blending cutting-edge technology with immersive experiences.

As on June 30, 2025, the Company had 96 employees on payroll including KMP.

Competitive Strength

  • Experience and new Technology
  • Strong Franchisee Support System & Quick Franchise Setup Process
  • Strong Diversified Revenue Stream
  • Strategic Location in Emerging Markets
  • Variety of Cinema Formats

Company Financials (Restated Standalone)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets61.1236.4027.96
Total Income96.7860.8325.61
Profit After Tax19.014.091.65
EBITDA26.286.192.63
NET Worth24.445.431.34
Reserves and Surplus10.444.930.84
Total Borrowing0.720.270.32
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
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 6.41

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)13.589.95
P/E (x)13.0417.78
Promoter Holding95.36%69.9%
Market Cap338.07 Cr.
The promoters of the company are Mr. Anish Tulshibhai Patel and Mr. Rahul Kamleshbhai Dhyani.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
CCL is engaged in development of theaters and related services under the brand name “Connplex”. The company has 66 cinemas in operation as of the filing of this offer document. It focuses on Tier-I, Tier-II and Tier-III cities for its operations. The company marked growth in its top and bottom lines, but the boosted net profits for FY25 raise eyebrows and concern over its sustainability. Based on its recent financial data, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for long term.
Read detail review...

Connplex Cinemas IPO Recommendations

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Connplex Cinemas IPO Subscription Status (Bidding Detail)

The Connplex Cinemas IPO is subscribed 35.67 times on August 11, 2025 6:19:02 PM (Day 3). The public issue subscribed 24.75 times in the individual investors category, 44.21 times in the QIB category, and 49.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
QIB44.219,68,8004,28,32,00038
NII*49.757,27,2003,61,76,0007,367
    bNII (bids above ₹10L)58.984,84,8002,85,94,400
    sNII (bids below ₹10L)31.282,42,40075,81,600
Individual Investors24.7516,96,0004,19,76,00026,235
Total35.6733,92,00012,09,84,00033,640

Total Application : 33,640

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Manager Fees including underwriting commission 5.99
2 Brokerage, selling, commission and upload fees 0.01
3 Registrar to the issue 0.05
4 Legal Advisors 0.11
5 Advertising and Marketing expenses 0.30
6 Regulators including stock exchanges 0.05
7 Printing and distribution of issue stationery 0.02
8 Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) 0.47

Listing Day Trading Information

Price DetailsNSE SME
Final Issue Price177.00
Open195.00
Low185.25
High198.00
Last Trade186.90

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Connplex Cinemas Ltd. Address
Block C-1001, Krish Cubical
Opp. Avalon Hotel, Nr. Govardhan Party Plot,
Thaltej, Ahmedabad, Daskroi
Ahmedabad, Gujarat, 380059
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IPO FAQs

Connplex Cinemas IPO is a SME IPO of 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹90 Crores. The issue is priced at ₹177 per share. The minimum order quantity is 800.

The IPO opens on Thu, Aug 7, 2025, and closes on Mon, Aug 11, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Connplex Cinemas IPO using UPI as a payment gateway. Zerodha customers can apply in Connplex Cinemas IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Connplex Cinemas IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Connplex Cinemas IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Connplex Cinemas IPO opens on Thu, Aug 7, 2025 and closes on Mon, Aug 11, 2025.

Connplex Cinemas IPO lot size is 800, and the minimum amount required for application is ₹2,83,200, with 2 lots being the minimum application size.

You can apply in Connplex Cinemas IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Connplex Cinemas IPO will be done on Tuesday, August 12, 2025, and the allotted shares will be credited to your demat account by Wed, Aug 13, 2025. Check the Connplex Cinemas IPO allotment status.

The Connplex Cinemas IPO listing date is on Thu, Aug 14, 2025.

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