1. Introduction
The Connplex Cinemas IPO is one of the most anticipated public offerings in 2025. With a fresh issue of 51 lakh shares at a price band of ₹168-177 per share, the company aims to raise ₹90.27 crores. This IPO is set to open on August 7, 2025, and close on August 11, 2025, with a tentative listing date of August 14, 2025 on NSE SME.
This article covers everything investors need to know—GMP updates, financials, risks, and expert recommendations—to make an informed decision.
2. Connplex Cinemas IPO Details
| Parameter | Details |
|---|---|
| IPO Opening Date | August 7, 2025 |
| IPO Closing Date | August 11, 2025 |
| Listing Exchange | NSE SME |
| Issue Type | Fresh Issue |
| Price Band | ₹168 – ₹177 per share |
| Face Value | ₹10 per share |
| Lot Size | 800 shares |
| Minimum Investment (Retail) | ₹2,68,800 (1,600 shares) |
| Total Issue Size | ₹90.27 crores |
| Market Maker | Spread X Securities Pvt Ltd |
| Book Running Lead Manager | Beeline Capital Advisors Pvt Ltd |
| Registrar | MUFG Intime India Pvt Ltd (Link Intime) |
3. About the Company
Connplex Cinemas Ltd. is a premium cinema chain operating under the brand “CONNPLEX”, offering Express, Signature, and Luxuriance formats. The company specializes in:
- Franchise-based cinema expansion
- Advanced projection & sound technology
- Advertising & F&B revenue streams
Key Strengths:
✔ High-growth multiplex industry
✔ Strong franchise model
✔ Diversified revenue sources
4. IPO GMP (Grey Market Premium) & Expected Listing Gain
As of August 2025, the Connplex Cinemas IPO GMP (Grey Market Premium) is ₹25-35 (subject to change).
- GMP Trend: Positive (Indicates strong demand)
- Expected Listing Gain: 15-20% (Based on current GMP)
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
(Note: GMP is unofficial and can fluctuate before listing.)
5. Financial Performance (Year-wise Data)
Connplex Cinemas Ltd. Financials (₹ in Crores)
| Year | Revenue | Profit (PAT) | EBITDA | Total Assets | Debt |
|---|---|---|---|---|---|
| 2025 | 96.78 | 19.01 | 26.28 | 61.12 | 0.72 |
| 2024 | 60.83 | 4.09 | 6.19 | 36.40 | 0.27 |
| 2023 | 25.61 | 1.65 | 2.63 | 27.96 | 0.32 |
Key Observations:
- Revenue Growth (2024-25): 59%
- PAT Growth (2024-25): 365%
- Low Debt-to-Equity (0.03)
6. IPO Application & Lot Size Details
| Investor Category | Lot Size (Shares) | Investment Amount (₹) |
|---|---|---|
| Retail (Min) | 1,600 | ₹2,68,800 |
| Retail (Max) | 1,600 | ₹2,68,800 |
| HNI (Min) | 2,400 | ₹4,24,800 |
| HNI (Max) | 6,400 | ₹11,32,800 |
7. IPO Reservation Quota
| Category | Shares Reserved | Percentage |
|---|---|---|
| QIB | 24,20,800 | 47.47% |
| NII (HNI) | 7,27,200 | 14.26% |
| Retail | 16,96,000 | 33.25% |
| Market Maker | 2,56,000 | 5.02% |
8. Promoter Holding Details
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter Holding | 95.36% | 69.90% |
| Public Holding | 4.64% | 30.10% |
9. IPO Objectives (Use of Funds)
The company plans to utilize the IPO proceeds for:
- Corporate office purchase (₹14.79 Cr)
- LED screens & projectors (₹24.44 Cr)
- Working capital (₹37.63 Cr)
- General corporate purposes
10. IPO Timeline (Key Dates)
| Event | Date |
|---|---|
| IPO Open | Aug 7, 2025 |
| IPO Close | Aug 11, 2025 |
| Allotment | Aug 12, 2025 |
| Refund Initiation | Aug 13, 2025 |
| Listing Date | Aug 14, 2025 |
11. Investor Category Limits
- Retail: Max ₹2 lakh per application
- HNI: No upper limit
- QIB: 50% of issue size
12. Anchor Investor Details
- Anchor Portion Size: ₹25.70 Cr
- Lock-in Period:
- 50% for 30 days (till Sep 11, 2025)
- Remaining for 90 days (till Nov 10, 2025)
13. Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| ROE | 127.28% |
| ROCE | 98.25% |
| PAT Margin | 19.88% |
| Debt/Equity | 0.03 |
| P/E Ratio (Post-IPO) | 17.78 |
14. Risk Factors
⚠ Business Risks: Dependence on franchise model
⚠ Regulatory Risks: Cinema licensing & taxation
⚠ Financial Risks: High capex requirements
15. Company Contact Details
- Address: Block C-1001, Krish Cubical, Thaltej, Ahmedabad
- Phone: +91 07935289865
- Email: info@theconnplex.com
- Website: https://ticketing.theconnplex.com
16. IPO Registrar Details
- Name: MUFG Intime India Pvt Ltd (Link Intime)
- Email: connplex.smeipo@linkintime.co.in
- Phone: +91-22-4918 6270
17. Should You Invest? (Buy or Not)
Pros:
✅ Strong revenue & profit growth
✅ Low debt
✅ High ROE & ROCE
Cons:
❌ High valuation (P/E 17.78)
❌ SME IPO risks
Verdict: Moderate-risk, high-growth potential. Suitable for long-term investors.
18. Allotment & Refund Process
- Check Allotment: Via Link Intime
- Refund Timeline: Within 3-4 days post allotment
- Listing Day Strategy: Book partial profits if listing gain is >20%
19. RHP/DRHP Details
- DRHP Filed On: Connplex Cinemas IPO DRHP
- RHP Link: Connplex Cinemas RHP
20. IPO Review (Pros & Cons)
| Pros | Cons |
|---|---|
| Strong financials | High P/E ratio |
| Low debt | SME liquidity risks |
| Growing multiplex industry | Dependence on franchises |
21. FAQs
1. What is Connplex Cinemas IPO GMP today?
The current GMP is ₹25-30 (as of August 2025).
2. How to apply for Connplex Cinemas IPO?
Through ASBA/UPI via broker platforms like Zerodha, Upstox.
3. What is the listing date?
Expected on August 14, 2025.
4. What is the minimum investment?
₹2,68,800 (Retail).
5. Is Connplex Cinemas IPO good?
Moderate-risk, high-growth potential.
(For more FAQs, check the full article.)
Final Verdict
The Connplex Cinemas IPO presents a high-growth opportunity in the multiplex sector. Investors should consider financials, GMP trends, and risks before applying.
