Connplex Cinemas IPO Details
The key details of Connplex Cinemas’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹90.27 Cr |
| Price Range | ₹168 - ₹177 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1,600 |
| Investment (cut-off price) | ₹2,83,200 |
| Pre IPO Promotor Holding | 95.36% |
| Post IPO Promotor Holding | 69.90% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Connplex Cinemas IPO Timelines
The IPO process for Connplex Cinemas includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/08/2025
Start Date11/08/2025
End Date13/08/2025
Refund Initiation13/08/2025
Credit of Shares to Demat Ac14/08/2025
Listing DateConnplex Cinemas IPO Lot Size
The Connplex Cinemas IPO has a fixed lot size of 800 shares, priced at the upper band of ₹177 per share. For retail investors, both the minimum and maximum application is 1,600 shares (2 lots) amounting to ₹2,83,200. For S-HNI investors, the minimum application is 2,400 shares (3 lots) worth ₹4,24,800, while the maximum is 5,600 shares (7 lots) amounting to ₹9,91,200. B-HNI investors need to apply for at least 6,400 shares (8 lots), totaling ₹11,32,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1600 | ₹2,83,200 |
| Retail Maximum | 2 | 1600 | ₹2,83,200 |
| S-HNI Minimum | 3 | 2400 | ₹4,24,800 |
| S-HNI Maximum | 7 | 5600 | ₹9,91,200 |
| B-HNI Minimum | 8 | 6400 | ₹11,32,800 |
Connplex Cinemas IPO Subscription Status
The subscription status for Connplex Cinemas IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 44.21x | 49.75x | 24.75x | -- | 35.67x |
IPO Performance on Listing Day
On its listing day (August 14, 2025), Connplex Cinemas IPO delivered a strong debut on the exchanges. The stock opened at ₹195, reflecting a premium of 10.17% over the issue price of ₹177. It touched an intraday high of ₹198 before facing some selling pressure and slipping to a low of ₹185.25. The stock eventually closed at ₹186.25, ending the day with a gain of 5.22% over the issue price, indicating healthy investor interest in the company’s cinema and entertainment business.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹195.00 | ₹186.25 | ₹198.00 | ₹185.25 |
Connplex Cinemas IPO Company Financials
Connplex Cinemas reports robust performance in FY2025 with Total Income of ₹96.78 crores, managing expenses at ₹71.01 crores, and achieving a strong PAT (Profit After Tax) of ₹19.01 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹6.98 | ₹5.80 | ₹0.85 |
| FY 2023 | ₹25.61 | ₹23.42 | ₹1.65 |
| FY 2024 | ₹60.83 | ₹55.32 | ₹4.09 |
| FY 2025 | ₹96.78 | ₹71.01 | ₹19.01 |
About Company
Connplex Cinemas Limited, incorporated in 2015, is an Indian entertainment company known for operating “Smart Cinemas” that deliver a premium movie experience. With a focus on Indian audience preferences, the company blends advanced technology and comfort in its theaters. Connplex develops its own cinema properties and also enters into franchise agreements for film exhibition and distribution. Revenue is generated through movie screenings, food and beverage sales, and on-screen and off-screen advertising, all under its flagship brand “CONNPLEX” and other registered names.
The company operates through three cinema formats: Express, Signature, and Luxuriance, each designed to offer a unique experience tailored to different audience segments. These venues also serve as advertising platforms, allowing brands to engage directly with moviegoers. As of June 30, 2025, Connplex employed 96 people, including Key Managerial Personnel (KMP).
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Media & Entertainment | RAHUL DHYANI |
Know Before Investing
Connplex Cinemas IPO Strengths
- Connplex Cinemas’ revenue increased dramatically from ₹25.37 crore in FY23 to ₹60.30 crore in FY24, a growth of more than 137%, indicating strong and accelerating market demand.
- With a debt-to-equity ratio as low as 0.05, the company benefits from minimal financial risk and strong solvency, allowing room for strategic expansion.
- Connplex is a leader in the fast-growing smart miniplex space, offering three models (Express, Signature, Classic) catering to varied demographics and enhancing customer appeal.
- Operating more than 275 screens with over 30 franchise partnerships, Connplex employs scalable growth through asset-light franchising across multiple Indian cities.
- Investment in digital cinema technology, luxury seating, and integrated F&B offerings improves audience experience and drives repeat business.
- Despite sector-wide pandemic disruptions, the company’s swift revenue and profit rebound demonstrates adaptability and resilience to external shocks.
Connplex Cinemas IPO Risks
- Revenue and occupancy are highly dependent on the availability of popular movies. Limited releases in a period can significantly reduce footfalls and earnings.
- Events such as riots, pandemics, or environmental issues can adversely affect operations, leading to lower occupancy and revenue.
- Lower foot traffic on weekdays compared to weekends poses operational and financial challenges, especially when movie lineups lack major attractions.
- Cinema exhibition faces intense competition from both traditional and digital entertainment channels, which can affect market share and pricing power.
- Connplex Cinemas operates at a much smaller scale compared to industry giants, which may limit its bargaining power and economies of scale.
- The company’s success heavily depends on the leadership and management team’s ability to execute its growth strategy effectively.
Swot Analysis for Connplex Cinemas IPO
Strengths
Rapid National Expansion, Smart Luxury Cinema Concept, Customer-Centric Innovation
Weaknesses
Brand Recognition Still Emerging, Depends on Box Office Footfall, Susceptibility to Regional and Economic Variation
Opportunities
Premiumization of Indian Entertainment, Boom in Regional Cinema, Strategic Partnerships and Alliances
Threats
Intense Industry Competition, Economic Downturns and Movie Pipeline Volatility, Rising Input and Real Estate Costs
Company Details
Connplex Cinemas Ltd.
Block C-1001, Krish Cubical, Opp. Avalon Hotel, Nr. Govardhan Party Plot, Thaltej, Ahmedabad, Daskroi, Gujarat, India, 380059
Phone: +91 07935289865
Email: info@theconnplex.com
Website: https://ticketing.theconnplex.com/
IPO Registar Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: connplex.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Connplex Cinemas IPO are:
- 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
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the Connplex Cinemas IPO.
Connplex Cinemas’ revenue surged 137.68% from ₹25.37 crore in FY23 to ₹60.30 crore in FY24, reflecting strong market traction. The revival of India’s cinema sector, rising footfall, and ad revenue have fueled growth. Despite challenges from OTT platforms, Connplex is well-positioned in a recovering industry with strong expansion potential.
The issue price for the Connplex Cinemas IPO is set between ₹168 to ₹177 per share.
To invest in two lot of Connplex Cinemas IPO, you need ₹2,68,800 at the lower price band (₹168 per share) or ₹2,83,200 at the upper price band (₹177 per share) for a lot size of 1600 shares.
Connplex Cinemas IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on August 14, 2025.
Refund/unblocking of funds for Connplex Cinemas IPO will begin on August 13, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Connplex Cinemas IPO shares on listing day (August 14, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.