Connplex Cinemas Limited, one of India’s fastest-growing luxury cinema chains, is all set to open its Initial Public Offering (IPO) on August 7, 2025. The company aims to raise ₹90.27 crore at the upper end of the price band through a fresh issue of 51,00,000 equity shares. The shares will be listed on the NSE Emerge platform, marking a significant milestone in Connplex’s journey of transforming the movie-watching experience in India.
The price band for the equity shares has been fixed at ₹168 to ₹177 per share, with a face value of ₹10 each. The issue will remain open for subscription until August 11, 2025, while the anchor investor portion will open a day prior, on August 6, 2025. Beeline Capital Advisors Private Limited is acting as the Book Running Lead Manager to the issue, and MUFG Intime India Private Limited is the Registrar.
The net proceeds from the IPO will be utilized towards strategic capital expenditure including the purchase of a corporate office, acquisition of LED screens and projectors to enhance cinema infrastructure, working capital needs, and other general corporate purposes.
Connplex Cinemas, led by Managing Director Mr. Anish Tulshibhai Patel and Joint Managing Director Mr. Rahul Kamleshbhai Dhyani, has carved a unique niche in India’s entertainment space by blending luxury, technology, and accessibility. Commenting on the IPO launch, the management stated, “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.”
Connplex Cinemas operates under the brand name “CONNPLEX” and specializes in film exhibition and distribution, cinema development, and franchise expansion. The company generates revenue from ticket sales, food and beverage services, advertising, and event space rentals. With a focus on Tier 2, 3, and 4 cities, along with select metro locations, Connplex is committed to bringing premium cinematic experiences to broader Indian audiences. Its theatres are equipped with high-end recliner seating, advanced sound systems, and HD projection technology, offering a boutique and immersive environment for moviegoers.
For the financial year ended March 31, 2025, the company reported a revenue of ₹9,560.96 lakhs, EBITDA of ₹2,627.56 lakhs, and a profit after tax (PAT) of ₹1,900.99 lakhs, reflecting strong operational performance and growth potential.
The upcoming IPO is expected to strengthen Connplex’s position in the Indian entertainment market and provide the financial backing needed to scale its presence further, while continuing to elevate the cinema experience across the country.
