Connplex Cinemas Limited is turning movie nights into memorable experiences! With its pan-India network of Smart Cinemas, the company blends cutting-edge technology, luxurious comfort, and a deep love for Indian tastes—bringing you the future of cinema, one screen at a time.
Connplex builds world-class cinemas and partners with franchisees to bring films to life—earning through shared revenue from ticket sales, F&B, and ad placements—all under its flagship brand “CONNPLEX” and other trademarks.
The company’s monetization isn’t just ticket-based. It earns from:
- Ad placements (both on and off screen)
- F&B outlets inside cinemas
- Licensing and branding support to franchisees
While currently expanding rapidly in Gujarat and nearby states, Connplex aims to establish its smart cinema network pan-India, especially targeting tier-2 and tier-3 cities where quality entertainment infrastructure is still limited.
Connplex caters to every kind of movie lover with its trio of theatre formats:
✨ Express – Smart, compact, and budget-friendly—perfect for quick escapes
🎟️ Signature – A premium family experience with comfort and class
💎 Luxuriance – Plush, high-end vibes for those who crave cinema in style
As of June 30, 2025, Connplex’s growing journey is powered by a dedicated crew of 96 talented professionals, including key managerial personnel—each playing a role in shaping the future of smart cinema across India.
Connplex Cinemas IPO – Details
| IPO Opening Date | 07 August 2025 |
| IPO Closing Date | 11 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 51,00,000 Shares Worth ₹90.27 Crore Fresh Issue: 51,00,000 Shares Worth ₹90.27 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹168 – ₹177 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Connplex Cinemas IPO – Date Schedule
| IPO Open Date | 07 August 2025 |
| IPO Close Date | 11 August 2025 |
| Basis of Allotment | 12 August 2025 |
| Initiation of Refund | 13 August 2025 |
| Credit of Shares to Demat | 13 August 2025 |
| IPO Listing Date | 14 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2025 |
Connplex Cinemas IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,83,200 |
| Retail (Max) | 2 | 1,600 | ₹2,83,200 |
| S-HNI (Min) | 3 | 2,400 | ₹4,24,800 |
| S-HNI (Max) | 7 | 5,600 | ₹9,91,200 |
| B-HNI (Min) | 8 | 6,400 | ₹11,32,800 |
Competitive Strengths
- 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 Promoters
- Mr. Anish Tulshibhai Patel
- Mr. Rahul Kamleshbhai Dhyani
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹25.61 Cr | ₹23.42 Cr | ₹1.65 Cr | ₹0.32 Cr |
| 31 March 2024 | ₹60.83 Cr | ₹55.31 Cr | ₹4.09 Cr | ₹0.27 Cr |
| 30 June 2025 | ₹96.78 Cr | ₹71.00 Cr | ₹19.01 Cr | ₹0.72 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 127.28% |
| ROCE | 98.25% |
| Debt/Equity | 0.03 |
| RoNW | 77.78% |
| PAT Margin | 19.88% |
| EBITDA Margin | 27.48% |
| Price to Book Value | 45.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.58 | 9.95 |
| P/E (x) | 13.04 | 17.78 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure requirement for purchase of corporate office. | ₹14.79 |
| Funding the capital expenditure requirement for the purchase of LED Screens and Projectors. | ₹24.44 |
| Funding Working Capital Requirement. | ₹37.63 |
| General Corporate Purposes. |
✅Strengths
- Smart Cinema Formats: Tailored experiences—Express, Signature & Luxuriance.
- Franchise Model: Asset-light, scalable growth.
- Multiple Revenue Streams: Tickets, F&B, ads, branding.
- Tier 2/3 Focus: Tapping into underserved markets.
- Experienced Team: Strong leadership driving expansion.
⚠️Risks
- Franchise Dependence: Quality control challenges.
- Tough Competition: From multiplexes & OTT platforms.
- Film-Driven Revenue: Weak releases impact earnings.
- Brand Risk: Poor franchise service can hurt image.
- Rising Debt: Increasing borrowings may affect cash flow.
Connplex Cinemas IPO Promoter Holding
| Pre Issue Share Holding | 95.36% |
| Post Issue Share Holding | 69.90% |
Connplex Cinemas IPO Prospectus
Company Contact Information
| Connplex Cinemas Ltd. Block C-1001, Krish Cubical Opp. Avalon Hotel, Nr. Govardhan Party Plot, Thaltej, Ahmedabad, Daskroi Ahmedabad, Gujarat, 380059 Phone: +91 07935289865 Email: info@theconnplex.com Website: https://ticketing.theconnplex.com/ |
Connplex Cinemas IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: connplex.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Connplex Cinemas IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Connplex Cinemas IPO FAQ
| What is Connplex Cinemas IPO? Connplex Cinemas IPO is an SME IPO. The issue is priced at ₹168 to ₹177 per equity share. The IPO is to be listed on NSE SME. |
| When Connplex Cinemas IPO will open? The IPO is to open on 07 August 2025 for QIB, NII, and Retail Investors. |
| What is Connplex Cinemas IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Connplex Cinemas IPO? You can apply Connplex Cinemas IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Connplex Cinemas IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Connplex Cinemas IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Connplex Cinemas IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Connplex Cinemas IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Connplex Cinemas IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Connplex Cinemas IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Connplex Cinemas IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Connplex Cinemas IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Connplex Cinemas IPO Size? Connplex Cinemas IPO size is ₹90.27 Crore. |
| What is the Connplex Cinemas IPO Price Band? Connplex Cinemas IPO Price Band is ₹168 to ₹177. |
| What is Connplex Cinemas IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹2,83,200 amount, while the maximum bid is 1600 Shares with ₹2,83,200. |
| What is the Connplex Cinemas IPO Allotment Date? Connplex Cinemas IPO allotment date is 12 August 2025. |
| What is the Connplex Cinemas IPO Listing Date? Connplex Cinemas IPO listing date is 14 August 2025. The IPO is to be listed on the NSE SME. |
