Connplex Cinemas, India’s fastest-growing chain of smart luxury cinemas, is now stepping into the capital markets with its Initial Public Offering (IPO) worth ₹90.27 Crores, opening for subscription from August 7 to August 11, 2025. The IPO is entirely a fresh issue of 51 lakh equity shares, signaling confidence in its growth trajectory and operational expansion.

With a dynamic presence across the country and a history in film marketing and distribution since 2009, Connplex Cinemas offers a unique blend of cutting-edge entertainment technology, stylish comfort, and affordable pricing through its diversified cinema models—Express, Signature, and Luxuriance. The brand already operates 300+ screens across 30+ franchises, with plans to expand further.

IPO Structure and Details

The Connplex Cinemas IPO is a Book Built Issue with a price band of ₹168 to ₹177 per share. The lot size is 800 shares, and the minimum investment for individual investors is 2 lots or 1,600 shares, translating to ₹2,83,200 at the upper band.

Here is a breakdown of key IPO metrics:

• Issue Size: ₹90.27 Crores

• Fresh Issue: 51,00,000 shares

• Offer for Sale (OFS): Nil

• Listing Exchange: NSE SME

• Face Value: ₹10 per equity share

• Market Capitalisation (at ₹177): ₹338.07 Crores

Important Dates for Investors

Use of IPO Proceeds

Connplex Cinemas plans to utilise the net proceeds from the IPO for the following purposes:

1. ₹14.79 Crores – Purchase of corporate office

2. ₹24.44 Crores – Capital expenditure for LED screens and projectors

3. ₹37.63 Crores – Working capital requirements

4. Remaining – General corporate purposes

This demonstrates a clear strategy focused on expanding operations and enhancing viewer experience, especially with the integration of modern projection and display technologies.

Anchor Investor Participation

Ahead of the IPO opening, Connplex Cinemas successfully raised ₹25.70 Crores from Anchor Investors by allocating 14,52,000 equity shares at the upper price band of ₹177. This move signifies strong institutional confidence in the company’s fundamentals and growth prospects.

Grey Market Premium (GMP) Analysis

As of August 4, 2025, the Grey Market Premium (GMP) for Connplex Cinemas IPO is ₹28, indicating an expected listing price of ₹205 per share, which translates to 15.81% potential listing gains.

Note: GMP is speculative and unofficial; it fluctuates based on demand-supply trends and should be used as a sentiment indicator only.

Subscription Process & Allotment Guide

To apply for the Connplex IPO, investors can submit their bids through ASBA via net banking or UPI. Once the allotment is finalized on August 12, 2025, you can check the status online:

Steps to Check Connplex IPO Allotment:

1. Visit the registrar website – MUFG Intime India Pvt Ltd

2. Select “Connplex Cinemas IPO” from the dropdown list

3. Enter Application Number / PAN / DP Client ID

4. Click on ‘Search’ to view allotment status

Lead Manager, Registrar & Market Maker

• Lead Manager: Beeline Capital Advisors Pvt Ltd

• Registrar: MUFG Intime India Pvt Ltd

• Market Maker: Spread X Securities Pvt Ltd

These reputable institutions ensure smooth handling of the IPO lifecycle—from issue management to post-listing market stabilization.

Financial Overview and Valuation

While complete financial data is yet to be publicly disclosed in this summary, Connplex’s strength lies in its aggressive expansion strategy, brand partnerships, and scalability across metros and tier-2 cities.

Its anchor book response, combined with the healthy GMP, reflects positive investor sentiment.

At a market cap of ₹338.07 Cr and an expected listing gain of over 15%, valuation appears moderate compared to listed peers in the entertainment and multiplex segment.

Should You Subscribe?

Considering the following factors:

• Established presence with 300+ screens

• Clear utilization plan for IPO funds

• Anchor book success with ₹25.7 Cr raised

• Positive GMP suggesting potential listing gains

• Strong growth trajectory in tier-2 & tier-3 markets

Connplex Cinemas IPO appears attractive for listing gains. Investors seeking short-term momentum may consider subscribing. Long-term investors should assess post-listing financial disclosures and track performance, especially in a volatile entertainment sector affected by OTT and shifting viewer behavior.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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The Current active IPO are ConnPlex Cinemas, ALL Time Plastics, JSW Cement, Sawaliya Foods Products, Highway Infrastructure.

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