Latest news with #ConnplexCinemas
Mint
a day ago
- Business
- Mint
Connplex Cinemas gets in principal nod for NSE SME IPO launch
Connplex Cinemas, a Gujarat-based entertainment company, has received in-principle approval from NSE Emerge to launch its Small and Medium Enterprises (SME) initial public offering (IPO). The company had filed its Draft Red Herring Prospectus (DRHP) with the exchange in January 2025. The SME platform of the National Stock Exchange, NSE Emerge, granted approval for Connplex Cinemas IPO DRHP on June 11. Connplex Cinemas IPO is an SME IPO which will consist of a fresh issue of up to 51 lakh equity shares of face value of ₹ 10 per share. The public issue does not comprise any offer-for-sale (OFS) component, and the total IPO size has not been disclosed. The company aims to utilise the IPO proceeds for growth initiatives. It plans to use ₹ 14.79 crore to fund its capital expenditure requirement for the purchase of a corporate office and use ₹ 24.44 crore to fund the purchase of LED screens and projectors. Moreover, ₹ 37.63 crore will be used to fund its working capital requirement and the remaining funds from the public issue will be used in general corporate expenses and public issue expenses, according to the Connplex Cinemas IPO DRHP. Connplex Cinemas shares will be listed on NSE Emerge. Beeline Capital Advisors is the Book-Running Lead Manager of the Connplex Cinemas IPO, while MUFG Intime India will serve as the IPO registrar. Connplex Cinemas is a Gujarat-based company involved in developing theatres, entering franchise agreements, film exhibitions and distribution, and generating revenue from food, beverages, and advertisements. It constructs and designs theatres featuring luxurious recliner seating, advanced sound systems, and high-definition projection technology to provide an elevated movie-going experience. Anish Tulshibhai Patel and Rahul Kamleshbhai Dhyani are the promoters of the company. The promoters hold a 100% stake in the company. Connplex Cinemas reported a revenue of ₹ 40.69 crore in the quarter ended September 30, 2024, with the net profit for the period at ₹ 9.60 crore and the EBITDA at ₹ 6.19 crore. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 days ago
- Business
- Economic Times
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 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 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. ADVERTISEMENT 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. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
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). Integrum Energy Infrastructure IPO gets BSE approval 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. Live Events Connplex Cinemas approved by NSE Emerge 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. 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. 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.
