Priced in a band of Rs 168 to Rs 177 per share, the IPO requires a minimum application of 1,600 shares.
Ahead of the public opening, Connplex raised Rs 25.7 crore from anchor investors on August 6.
Founded in 2015, Connplex Cinemas is a growing entertainment company that operates ‘Smart Cinemas’ under its own brand. The firm offers a blend of express, signature, and luxury cinema formats with an emphasis on Indian consumer preferences, immersive experiences, and advanced screening technologies.
The company monetizes its operations through movie screenings, food and beverages, and advertising revenues across both owned and franchised properties.
Connplex plans to use the proceeds from the IPO to purchase a corporate office, invest in LED screens and projectors, fund working capital needs, and meet general corporate purposes.Its rapid growth is reflected in its recent financials — revenue rose 59% in FY25 to Rs 96.78 crore, while net profit surged 365% year-on-year to Rs 19.01 crore.With a healthy grey market premium, strong anchor book, and a differentiated business model, Connplex Cinemas’ IPO debut is being closely tracked by market participants looking for promising SME entertainment plays.