Connplex Cinemas Limited, India’s rapidly growing chain of Smart Luxury Cinemas, made a strong debut on the NSE SME, listing at ₹195 per share, reflecting a 10.17% premium over its IPO price band of ₹168–177. The IPO, a Book Built Issue raising ₹90.27 Crores through a fresh issue of 51.00 lakh shares, witnessed overwhelming investor interest with final-day subscription of 33.25 times. The company raised ₹25.70 Crores from anchor investors at ₹177 per share.

Connplex Cinemas, established in 2009, operates 300+ screens across 30+ franchises, blending premium cinema experiences with affordability. The company has three cinema models—Express, Signature, and Luxuriance—catering to diverse audiences across metro and emerging cities. Its business model includes cinema development, film exhibition, F&B sales, advertising, and private event hosting, generating multiple revenue streams.

The company targets Tier 2, 3, and 4 cities while expanding in Tier 1 metros, leveraging advanced technology, recliner seating, immersive surround sound, and high-definition projectors. Strategic partnerships and franchise support enable rapid setup, allowing scalable expansion and strong regional presence. Ancillary revenues from F&B offerings, on-screen and off-screen advertising, and private screenings further enhance profitability.

The Media & Entertainment sector in India is on a high-growth trajectory, driven by rising disposable incomes, digital adoption, and increasing content consumption. The OTT and AVGC segments are expected to grow rapidly, complementing cinema expansion. Connplex’s focus on regional content, foreign films, documentaries, and live events positions it to capture diverse audiences, while premium offerings and loyalty programs aim to maximize revenue per customer.

Key business strengths include technologically advanced cinema experiences, efficient franchise operations, diversified revenue streams, multi-format offerings, and strategic expansion in underserved markets. Business strategies focus on screen network expansion, premium experiences, ancillary revenue growth, optimization of existing cinemas, and cost rationalization.

Risk factors include potential screen damage, volatility in F&B revenue, underutilization during off-peak periods, and declining audience turnout. Despite these challenges, Connplex Cinemas is strategically positioned to capitalize on India’s expanding cinema and entertainment market, offering investors a compelling growth story in the evolving Media & Entertainment sector.

The Upcoming IPOs in this week and coming weeks are Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Studio LSD, Shreeji Shipping Global, Patel Retail.

The Current active IPO are Regaal Resources, Mahendra Realtors and Infrastructure.

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