Connplex Cinemas IPO
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Schedule of Connplex Cinemas
| Issue open date | 07 Aug 2025 |
| Issue close date | 11 Aug 2025 |
| UPI mandate deadline | 11 Aug 2025 (5 PM) |
| Allotment finalization | 12 Aug 2025 |
| Refund initiation | 13 Aug 2025 |
| Share credit | 13 Aug 2025 |
| Listing date | 14 Aug 2025 |
| Mandate end date | 26 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 11 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 10 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Connplex Cinemas
Incorporated in 2015, Connplex Cinemas Limited is an entertainment company engaged in the operation and management of multiplexes, primarily under a franchise-based model.
The company offers premium yet affordable cinematic experiences, generating revenue from box office collections, food and beverages, advertising, and convenience fees. Connplex focuses on Tier-II and Tier-III cities, providing a luxury cinema experience with features like recliner seating, advanced audiovisual systems, and a curated ambiance. Its franchise and revenue-sharing partnerships enable rapid, scalable expansion across underserved regions.
Financials of Connplex Cinemas
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹90.27 crores |
| Fresh Issue | ₹90.27 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure requirement for purchase of corporate office | 14.7 (16.28%) |
| Funding capital expenditure requirement of purchase of LED Screens and Projectors | 24.4 (27.03%) |
| Working capital requirements | 37.6 (41.6%) |
| General corporate purposes |
Strengths
- Asset-light business model enabling low capex, faster setup, and scalable expansion across diverse markets
- Diversified revenue model spanning box office, F&B, advertising, and events, ensuring financial stability
- Strong presence in underserved Tier 2–4 cities, tapping high-growth emerging markets
- Multiple cinema formats serving diverse markets and audiences
- Consistent growth in revenue and profitability
Risks
- Heavy reliance on Gujarat and Bihar, exposes the business to regional disruptions
- Failure to attract or retain franchisees may impact expansion and profitability
- Revenue is vulnerable to film performance and consumer footfall
- Intense competition from established multiplex chains and OTTs
- Delays in new screen setups may disrupt growth plans