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Connplex Cinemas IPO
Price Band
₹168.0–177.0
Issue Size
₹90.27 Cr
Lot Size
800 shares
Min Investment
₹283,200
2 LOTS MIN
GMP
+₹12.0 (6.78%)
Issue Price
₹177.0
Subject to Sauda
₹7300
Paid only if allotted
Connplex Cinemas IPO AI Summary
- Connplex Cinemas IPO is listed on NSE SME in the Film Production, Distribution & Exhibition sector.
- Price band: ₹168.0–₹177.0 per share, lot size 800 shares (min. investment ₹283,200, 2 lots minimum).
- Subscription window: 07 Aug–11 Aug 2025, listing on 14 Aug 2025.
- Current GMP is +₹12.0 (6.78%), an estimated listing price of ₹189 — unofficial and can change daily.
Connplex Cinemas Limited is set to offer its shares to the public with a focus on enhancing its cinema experience through advanced technology and diverse formats. The company's financials show significant growth in revenue and profit, making it an interesting option for investors looking at the entertainment sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Connplex Cinemas IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Connplex Cinemas IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+6.78%
Est. Listing
₹189.0
Updated: 25 Jul 2026 14:13
About the Company
Incorporated in 2015, Connplex Cinemas Limited is an entertainment company operating "Smart Cinemas" throughout the nation, providing a premium movie experience with advanced technology, comfortable seating, and a focus on Indian preferences. The company develops theaters and enters franchise agreements for film exhibition and distribution, sharing revenue from screenings, food and beverages sales, and advertisements at various franchised cinemas, all under the brand name “CONNPLEX” and other registered brands. Their venue offers on-screen and off-screen advertising, allowing brands to engage directly with audiences. Business Model: Express, Signature, and Luxuriance—each designed to cater to diverse audience preferences by blending cutting-edge technology with immersive experiences. As on June 30, 2025, the Company had 96 employees on payroll including KMP. Competitive Strength Experience and new Technology Strong Franchisee Support System & Quick Franchise Setup Process Strong Diversified Revenue Stream Strategic Location in Emerging Markets Variety of Cinema Formats
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 61.12 | 36.40 | 27.96 |
| Total Income | 96.78 | 60.83 | 25.61 |
| Profit After Tax | 19.01 | 4.09 | 1.65 |
| EBITDA | 26.28 | 6.19 | 2.63 |
| NET Worth | 24.44 | 5.43 | 1.34 |
| Reserves and Surplus | 10.44 | 4.93 | 0.84 |
| Total Borrowing | 0.72 | 0.27 | 0.32 |
Key Ratios
EPS
₹13.58
NAV
₹17.46
ROE
127.28%
ROCE
98.25%
RoNW
77.78%
P/B Value
45.62
P/E Ratio
13.04
Market Cap
₹338.07 Cr
PAT Margin
19.88%
Debt/Equity
0.03
Peer Comparison
| Company | NAV | RoNW | EPS Basic |
|---|---|---|---|
| PVR Inox Limited | 718.27 | -3.96% | -28.48 |
| Connplex Cinemas Limited This IPO | 17.46 | 77.78% | 13.58 |
Promoters
Anish Tulshibhai Patel and Rahul Kamleshbhai Dhyani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirement for purchase of corporate office 14.79 2 Funding capital expenditure requirement of purchase of LED Screens and Projectors 24.44 3 Funding working capital requirements of the Company 37.63 4 Funding General Corporate Purposes 6.41 5 Issue Expenses 7.00 Total 90.27
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹25.61 Cr in 31 Mar 2023, rising to ₹60.83 Cr by 31 Mar 2024, and further increasing to ₹96.78 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹1.65 Cr in 31 Mar 2023, increasing to ₹4.09 Cr by 31 Mar 2024, and further rising to ₹19.01 Cr by 31 Mar 2025. This indicates a strong growth in profitability across the reported periods.
Valuation
Connplex Cinemas Limited has an EPS of ₹13.58, which gives it an implied P/E ratio of approximately 13.04 at the issue price. This is compared to peers like PVR Inox Limited, which has an EPS of -28.48 and a NAV of ₹718.27.
Grey Market Premium, Explained
The grey market premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategies and risk tolerance. Consider factors such as the company's growth potential, financial health, and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO. Those looking for quick returns or who are not prepared for potential fluctuations in share price may also consider other investment options.
IPO Timeline, Explained
The IPO opens on August 7, 2025, and closes on August 11, 2025. Allotment of shares will take place on August 12, 2025, with the listing date set for August 14, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, such gains are not guaranteed, and investors should be aware of the risks involved, including market volatility and company performance post-listing.
This evaluation is generated from Connplex Cinemas's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Connplex Cinemas IPO GMP today?
Connplex Cinemas IPO GMP today is +₹12.0 (6.78%), indicating an estimated listing price of ₹189. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Connplex Cinemas IPO?
The price band of Connplex Cinemas IPO is ₹168.0–₹177.0 per share.
When does Connplex Cinemas IPO open and close?
Connplex Cinemas IPO opens on 07 August 2025 and closes on 11 August 2025.
When does Connplex Cinemas IPO list on the stock exchange?
Connplex Cinemas IPO listed on 14 August 2025 at ₹189.0.
What is the lot size for Connplex Cinemas IPO?
The lot size for Connplex Cinemas IPO is 800 shares, requiring a minimum investment of ₹283,200 (2 lots).
What is the lot size for this IPO?
The lot size for Connplex Cinemas IPO is 800 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹283,200.
What is the price band for the IPO?
The price band for Connplex Cinemas IPO is ₹168.0 to ₹177.0.
When is the listing date?
The listing date for Connplex Cinemas is August 14, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Aug 2025
Close
11 Aug 2025
Allotment
12 Aug 2025
Listing
14 Aug 2025
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