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News18
5 days ago
- Business
- News18
Connplex Cinemas Limited IPO Opens on August 07, 2025
PNNMumbai (Maharashtra) [India], August 6: Connplex Cinemas Limited (Connplex, The Company) is an entertainment company revolutionising the cinema industry with a focus on luxury. It proposes to open its Initial Public Offering on August 07, 2025, aiming to raise ₹ 90.27 Crore (At the Upper Price Band) by fresh issue of 51,00,000 equity shares, to be listed on the NSE Emerge issue size is 51,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 168 – ₹ 177 per Share Allocation* QIB Anchor Portion – Up to 14,52,000 Equity Shares* Qualified Institutional Buyer – Up to 9,68,800 Equity Shares* Non-Institutional Investors – Not Less Than 7,27,200 Equity Shares* Individual Investors – Not Less Than 16,96,000 Equity Shares* Market Maker – Up to 2,56,000 Equity SharesThe net proceeds from the IPO will be utilised for capital expenditure requirements for the purchase of the corporate office, purchase of LED Screens and Projectors, Working Capital requirements and general corporate expenses. The anchor portion will open on August 06, 2025, and the issue will close on August 11, Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is MUFG Intime India Private LimitedAnish Tulshibhai Patel, Managing Director, and Rahul Kamleshbhai Dhyani, Joint Managing Director of Connplex Cinemas Limited, expressed, 'Going public is an important milestone for Connplex Cinemas as we move into our next phase of development. From the outset, our focus has been on redefining how cinema is experienced–making it more comfortable, more engaging and more accessible. With the support of this IPO, we plan to invest in infrastructure that allows us to maintain high-quality standards while expanding our footprint across both urban and emerging markets. This includes setting up our corporate headquarters and upgrading key technologies like LED screens and projectors. Our goal remains simple: to deliver a reliable and enjoyable cinema experience to more people across India."(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Mint
14-06-2025
- 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.
