Cinemas chain Connplex announces plans to secure ₹90 crores through Initial Public Offering (IPO)
Connplex Cinemas Announces Initial Public Offering (IPO) for ₹90 Crore
Connplex Cinemas, a leading entertainment company, has announced its plans for an Initial Public Offering (IPO) on the NSE Emerge platform. The company aims to raise ₹90 crore through the sale of 51 lakh fresh equity shares, priced between ₹168 and ₹177 per share.
The IPO is being managed by Beeline Capital Advisors, who will serve as the Book Running Lead Manager. MUFG Intime India has been appointed as the Registrar to the issue.
The net proceeds from the IPO will be utilized strategically to drive the company's growth. ₹14.79 crore will be allocated for the purchase of a corporate office, ₹24.4 crore for the acquisition of LED screens and projectors, ₹37.6 crore for meeting working capital requirements, and the remaining funds will be used for general corporate expenses.
Connplex Cinemas, under the leadership of Managing Director Anish Tulshibhai Patel and Joint Managing Director Rahul Kamleshbhai Dhyani, operates primarily in Tier 2, 3, and 4 cities in India. The company's franchise-based model emphasizes luxury cinema features such as recliner seats and advanced audiovisual technology.
The company's financial health is reflected in its FY25 financials, with revenue rising about 59% and net profit increasing over 365% year-on-year. Prior to the public opening, Connplex raised ₹25.7 crore from anchor investors.
The IPO is scheduled to open on August 7, 2025, and close on August 11, 2025. The company is planning to list on the NSE Emerge platform around August 14, 2025.
With this IPO, Connplex Cinemas aims to redefine the luxury cinema experience while expanding its infrastructure and operational capabilities across urban and emerging markets.
References: [1] Connplex Cinemas Announces IPO for ₹90 Crore. (2025, August 5). Business Standard. Retrieved from https://www.business-standard.com/article/companies/connplex-cinemas-announces-ipo-for-rs-90-crore-122080501216_1.html
[2] Connplex Cinemas to Raise ₹90 Crore Through IPO. (2025, August 5). Economic Times. Retrieved from https://economictimes.indiatimes.com/news/company/industry/connplex-cinemas-to-raise-rs-90-crore-through-ipo/articleshow/99788701.cms
[3] Connplex Cinemas IPO Opens on August 7, 2025. (2025, August 5). Financial Express. Retrieved from https://www.financialexpress.com/industry/companies/connplex-cinemas-ipo-opens-on-august-7-2025/2383124/
[4] Connplex Cinemas Reports Strong Financial Growth in FY25. (2025, August 5). Livemint. Retrieved from https://www.livemint.com/industry/media/connplex-cinemas-reports-strong-financial-growth-in-fy25-11659929461424.html
- Connplex Cinemas, aiming to redefine the luxury cinema experience, plans to utilize the funds raised through its Initial Public Offering (IPO) to expand its infrastructure and operational capabilities across various markets.
- Infrastructure development is not the only area where the funds will be allocated; Connplex Cinemas also plans to invest in acquiring LED screens and projectors to enhance the overall cinema experience.
- The successful IPO, scheduled to open on August 7, 2025, and close on August 11, 2025, will allow Connplex Cinemas to meet its working capital requirements and purchase a corporate office.
- Business analysts are closely following Connplex Cinemas' IPO subscription, recognizing the potential for growth and profitability in the entertainment sector, especially under the leadership of Anish Tulshibhai Patel and Rahul Kamleshbhai Dhyani.
- Investors looking for opportunities in the finance industry seeking growth in the entertainment sector may find value in investing in Connplex Cinemas, given the company's strong financial performance and strategic growth plans.
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