Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs
Integrum Energy Infrastructure and Connplex Cinemas received regulatory approvals to move ahead with their respective initial public offerings (IPOs).
ADVERTISEMENT Integrum Energy Infrastructure has received clearance from the BSE. The company plans to raise funds through a fresh issue of up to 49.50 lakh equity shares, along with an offer for sale of up to 5.40 lakh shares, bringing the total issue size to up to 54.90 lakh equity shares, each with a face value of Rs 10.
The company will use the IPO proceeds to meet working capital requirements, invest in its subsidiary Integrum Green Assets Private Limited for setting up a solar power plant for commercial and industrial (C&I) customers, fund acquisitions, and for general corporate purposes.
Beeline Capital Advisors Private Limited is the Book Running Lead Manager and Integrated Registry Management Services Private Limited is the Registrar to the issue.Founded in 2021 and headquartered in Bengaluru, Integrum Energy provides customized clean energy solutions in the solar, wind, and hybrid segments. The company is currently developing a solar project in Karnataka. For the year ending March 31, 2024, it reported revenue of Rs 233.24 crore, EBITDA of Rs 20.76 crore, and profit after tax (PAT) of Rs 15.15 crore.Connplex Cinemas Limited has received in-principle approval from NSE Emerge for its IPO comprising a fresh issue of up to 51 lakh equity shares of Rs 10 each. The proceeds will be used to purchase a corporate office, acquire LED screens and projectors, and meet working capital and general corporate needs.
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Connplex operates under the brand name 'CONNPLEX' and focuses on bringing luxury cinema experiences to Tier 2, 3, and 4 cities. The company features recliner seating, advanced AV systems, and operates revenue streams through ticketing, food and beverages, advertisements, and private events.
Beeline Capital Advisors is the Book Running Lead Manager and MUFG Intime India Private Limited is the Registrar to the issue.
ADVERTISEMENT For the year ending March 31, 2024, Connplex posted revenue of Rs 60.30 crore, EBITDA of Rs 6.19 crore, and PAT of Rs 4.09 crore. For the half-year ending September 30, 2024, revenue stood at Rs 40.69 crore, EBITDA at Rs 12.83 crore, and PAT at Rs 9.61 crore.
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