CA Nikhil Shah – Beeline Capital Advisors Private Limited
Mr. Anish Patel – Managing Director – Connplex Cinemas Limited
Mr. Rahul Dhyani – Joint Managing Director – Connplex Cinemas Limited
Mr Pujan Thakkar – CFO – Connplex Cinemas Limited
Mumbai, August 04, 2025 ( TGN )– Connplex Cinemas Limited (Connplex, The Company) is an entertainment company revolutionizing the cinema industry with a focus on luxury proposes to open its Initial Public Offering on August 07, 2025, aiming to raise ₹ 90.27 Crore (At Upper Price Band) by fresh issue of 51,00,000 equity shares, to be listed on the NSE Emerge platform.
The issue size is 51,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹168 – ₹ 177 Per Share.
Equity Share Allocation
QIB Anchor Portion – Upto 14,52,000 Equity Shares
Qualified Institutional Buyer – Upto 9,68,800 Equity Shares
Non-Institutional Investors – Not Less Than 7,27,200 Equity Shares
Individual Investors – Not Less Than 16,96,000 Equity Shares
Market Maker – Upto 2,56,000 Equity Shares
The net proceeds from the IPO will be utilized for capital expenditure requirement for purchase of corporate office, purchase of LED Screens and Projectors, Working Capital Requirement and general corporate expenses. The anchor portion will open on August 06, 2025 and issue will close on August 11, 2025.
The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is MUFG Intime India Private Limited
Mr. Anish Tulshibhai Patel, Managing Director and and Mr. Rahul Kamleshbhai Dhyani, Joint Managing Director of Connplex Cinemas Limited expressed, “Going public is an important milestone for Connplex Cinemas as we move into our next phase of development. From the outset, our focus has been on redefining how cinema is experienced—making it more comfortable, more engaging and more accessible. With the support of this IPO, we plan to invest in infrastructure that allows us to maintain high-quality standards while expanding our footprint across both urban and emerging markets. This includes setting up our corporate headquarters and upgrading key technologies like LED screens and projectors. Our goal remains simple: to deliver a reliable and enjoyable cinema experience to more people across India.”
About Connplex Cinemas Limited:
Connplex Cinemas Limited is an entertainment company revolutionizing the cinema industry with a focus on luxury, innovation, and accessibility. Operating under the brand name “CONNPLEX” and other registered brands, the company specializes in developing cinema set-up, entering franchise agreements, film exhibition and distribution, and generating revenue from screening of movies, sales of food and beverages, and advertisements. By strategically expanding into underserved markets in Tier 2, 3, and 4 cities, as well as metro locations including Tier 1 across India, Connplex Cinemas blends convenience, affordability, and premium experiences to bring high-quality entertainment to audiences across India.
Connplex Cinemas constructs and designs cinemas featuring luxurious recliner seating, advanced sound systems, and high-definition projection technology to provide an elevated movie-going experience. Through collaborations with filmmakers and studios, it distributes films across its cinemas and digital platforms moreover they also provide the event spaces for private screening, corporate events and community gatherings to engage audiences which maximizes revenue streams along with audience reach.
Connplex Cinemas distinguishes itself with customer-centric designs and a commitment to innovation, offering boutique-style cinemas with high-grade seatings, advanced technologies and sound systems that foster community connections while providing intimate and upscale environments. The company’s strategic locations and advanced technologies give it a competitive edge in attracting and retaining a diverse audience that includes families, young adults, and cinema enthusiasts. Company’s programming, which includes mainstream blockbusters, art films, group bookings and themed events, ensures broad appeal while catering to varied audience preferences.
For the period ended 31st March 2025, The company reported Revenue of ₹ 9,560.96 Lakhs and EBITDA of ₹ 2,627.56 Lakhs & PAT ₹ 1,900.99 Lakhs.
