Complete Sports and Management IPO Analysis: Should You Apply? GMP, Review & Details

Complete Sports and Management is a SME IPO in the Other Consumer Services sector. The issue price band is ₹128.0–₹135.0 per share. Issue size is ₹74.93 crore.

Complete Sports and Management IPO — Key Details

Company Overview

Complete Sports and Management India Limited, incorporated in 2002, operates in the amusement and leisure equipment sector. The company is involved in sourcing, trading, and distributing a diverse range of products, including bowling solutions, arcade games, and indoor play structures. They also provide installation, maintenance, and consulting services for entertainment destinations. With a presence in both India and Singapore, the company aims to offer comprehensive solutions across the entertainment value chain.

Financial Performance

Total Income was ₹111.42 Cr in the year ending 31 Mar 2025, rising to ₹118.76 Cr by 31 Mar 2026. Profit After Tax was ₹11.41 Cr in the year ending 31 Mar 2025, increasing to ₹18.18 Cr by 31 Mar 2026.

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1. Funding the capital expenditure requirements for the purchase of gaming equipment and other capital equipment for its existing warehouse in Bhiwandi, Maharashtra (₹39.88 Cr). 2. Setting up the 'Duckpin – The Bowling Bistro' entertainment centre in Mumbai, Maharashtra (₹8.09 Cr). 3. Repayment of certain outstanding borrowings from banks and financial institutions (₹11.50 Cr). 4. General Corporate Purpose (₹6.58 Cr). 5. Issue Expenses (₹8.87 Cr).

Strengths & Weaknesses

Strengths

The company has exclusive distributorship for Brunswick Bowling Products in India and offers a comprehensive end-to-end amusement and entertainment solutions platform. They have established relationships with international equipment manufacturers and experience across various leisure and hospitality segments.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It serves as an indicator of the expected listing price and demand for the IPO. A higher GMP suggests strong demand, while a lower GMP may indicate weaker interest.

Subscription Status

As of 1st Sep 2026, the IPO was subscribed 3.45 times overall. The QIB category saw a subscription of 7.34 times, while the NII category was subscribed 2.66 times. Retail investors subscribed 1.57 times.

IPO Timeline

The IPO process includes several key dates: the issue opens on 28 Aug 2026 and closes on 1 Sep 2026. Allotment of shares is set for 2 Sep 2026, with the listing date on 4 Sep 2026.

Should You Apply for Complete Sports and Management IPO?

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering the company's growth potential and market conditions.

Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it operates in a sector that can be influenced by changing consumer preferences and economic conditions.

This is general risk-profile education, not a personal recommendation to apply or avoid this specific IPO — TopFund is not a SEBI-registered investment adviser.

Listing Day Risks

Listing gains refer to the price increase of a stock on its first day of trading compared to its issue price. However, these gains are not guaranteed and can be influenced by market sentiment, demand, and overall market conditions. Investors should be aware of the risks associated with fluctuating stock prices on listing day.

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Disclaimer: This is educational content, not investment advice. GMP is an unofficial grey-market indicator, unregulated and never guaranteed. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying to any IPO.