The Connplex Cinemas IPO is scheduled to open on August 7, 2025, and will close on August 11, 2025, with a price band of ₹168 to ₹177 per share. The IPO size is approximately ₹90.27 crore, consisting entirely of a fresh issue. Connplex Cinemas, established in 2015 and based in Ahmedabad, operates multiplexes primarily in Tier-II and Tier-III cities under a franchise model. The company offers premium cinema experiences with recliner seats, advanced audiovisual technology, and diversified revenue streams including box office collections, food and beverages, and advertising. The Connplex Cinemas IPO provides investors exposure to emerging regional entertainment markets with promising growth potential.
₹10
₹177
₹195.00
Expert Opinions
The Connplex Cinemas IPO is receiving positive market sentiment, driven by the company’s rapid revenue and profit growth in a recovering entertainment sector. Connplex Cinemas’ strengths lie in its franchise-based model targeting Tier-II and Tier-III cities, offering premium cinematic experiences like recliner seating and advanced audiovisual technology. The company reported an exceptional Return on Equity (ROE) of 127.28%, Return on Capital Employed (ROCE) of 98.25%, and an EBITDA margin of 27.48% for FY 2025, reflecting strong operational efficiency and profitability.
Risks include dependency on franchise partners, competition from OTT platforms, and cyclical consumer spending patterns. From a long-term perspective, Connplex Cinemas presents significant growth potential as it expands its screen count and upgrades technologies. The Connplex Cinemas IPO suits investors aiming for long-term gains in India’s evolving regional entertainment markets.
Investor Considerations
The Connplex Cinemas IPO presents strong investor appeal, supported by robust company performance and sound fundamentals. Connplex Cinemas reported a revenue increase from ₹25.37 crore in FY 2023 to ₹96.78 crore in FY 2025, with a PAT margin of 19.88% reflecting healthy profitability. The sector outlook for multiplex chains in Tier-II and Tier-III cities is positive, driven by increasing consumer demand for premium entertainment experiences.
The IPO’s valuation for FY 2025 includes a high Price to Book Value of 45.62, a low debt-to-equity ratio of 0.03, showcasing conservative leverage and financial strength. Growth prospects revolve around expanding screen capacity and enhancing technology. Risks include competition from OTT platforms and variability in footfall based on content availability. The Connplex Cinemas IPO suits long-term investors aiming for exposure to the expanding regional cinema market, while short-term investors should be mindful of market volatility.
| Date | GMP | Trend |
|---|---|---|
| 13 Aug 2025 10.53 | ₹10 | Down |
| 12 Aug 2025 10.41 | ₹15 | --- |
| 11 Aug 2025 11.01 | ₹15 | Down |
| 10 Aug 2025 14.49 | ₹30 | --- |
| 09 Aug 2025 12.23 | ₹30 | --- |
| 08 Aug 2025 11.39 | ₹30 | --- |
| 07 Aug 2025 12.35 | ₹30 | --- |
| 06 Aug 2025 10.58 | ₹30 | --- |
| 05 Aug 2025 17.37 | ₹30 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Connplex Cinemas IPO’s listing performance. With a final GMP of ₹10, it projected a premium of 5.65% over the issue price of ₹177. The stock listed at ₹195, delivering a gain of 10.17%. This resulted in a moderate prediction error of 4.52%, where the GMP correctly signaled a positive listing but underestimated the actual gain, reflecting fair reliability in this case.
Connplex Cinemas IPO Current GMP is ₹10.
Connplex Cinemas IPO Expected Returns is 5.65%.
Connplex Cinemas IPO estimated listing price is ₹187.