IPO Details

Bidding Dates

07 Aug '25 - 11 Aug '25

Minimum Investment

₹2,68,800 / 2 Lots (1,600 Shares)

Price Range

₹168 – ₹177

Maximum Investment

₹2,68,800 / 2 Lots (1,600 Shares)

Retail Discount

To be announced

Issue Size

₹90.27 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Connplex Cinemas IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Aug 07, 25

Closing Date

Aug 11, 25

Basis of Allotment

Aug 12, 25

Initiation of Refunds

Aug 13, 25

IPO Listing Date

Aug 14, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Aug 6, 2025

0.29 0.42 1.23 0.79

About Connplex Cinemas IPO

Connplex Cinemas IPO is a book-built issue worth ₹90.27 crore. The IPO consists entirely of a fresh issue of 51.00 lakh equity shares. The IPO opens for subscription on August 7, 2025, and closes on August 11, 2025. The allotment is expected to be finalised on Tuesday, August 12, 2025, with tentative listing on NSE SME scheduled for Thursday, August 14, 2025.

The IPO is priced in a band of ₹168 – ₹177 per share. Retail investors must apply for a minimum of 2 lots comprising 1,600 shares, requiring an investment of ₹2,68,800 at the cut-off price. HNI investors must apply for a minimum of 3 lots (2,400 shares), amounting to ₹4,24,800.

Beeline Capital Advisors Private Limited is the book-running lead manager to the issue, and Link Intime India Private Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Connplex Cinemas IPO RHP.

Industry Outlook

  1. India’s cinema exhibition industry is undergoing a dynamic transformation, driven by evolving consumer preferences, technological advancements, and the proliferation of multiplex formats across Tier II and Tier III cities. The sector is increasingly characterised by a shift towards immersive viewing experiences, with audiences seeking enhanced comfort, superior sound and visual quality, and diversified content offerings.
  2. The Indian Media and Entertainment (M&E) industry, of which cinema is a vital segment, is poised for robust growth. According to the FICCI-EY report, advertising to GDP ratio is projected to reach 0.4% by 2025, up from 0.38% in 2019, underscoring the sector’s expanding economic footprint. The rise in disposable incomes, coupled with increased penetration of digital platforms, is reshaping the way content is consumed, with cinemas adapting to remain relevant and competitive.
  3. Connplex Cinemas operates within this vibrant landscape, offering a range of cinema formats—Express, Signature, and Luxuriance—to cater to varied audience segments. The company’s franchise-led expansion model reflects the broader industry trend of asset-light scalability, enabling rapid deployment of screens across underserved regions. As of March 2025, Connplex had 66 operational screens, up from 24 in March 2023, signalling strong momentum.
  4. The competitive environment remains fragmented, with national chains, regional players, and independent exhibitors vying for market share. Key differentiators include location strategy, pricing flexibility, food and beverage integration, and technological innovation such as LED screens and advanced projection systems. The increasing importance of event-based screenings and private cinema experiences further diversifies revenue streams.

Connplex Cinemas IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Expand its corporate infrastructure through the acquisition of a dedicated office space, facilitating improved operational coordination and supporting the company’s long-term administrative and strategic growth.
  2. Enhance its cinema technology footprint by procuring advanced LED screens and projection systems, thereby elevating the viewing experience across its network and reinforcing its commitment to premium entertainment standards.
  3. Support working capital requirements to sustain day-to-day operations, manage vendor relationships, and ensure uninterrupted service delivery across its expanding footprint of franchised and company-operated cinema screens.
  4. Fund general corporate purposes, including brand development, marketing initiatives, and organisational strengthening, aimed at consolidating Connplex’s market position and enabling agile responses to emerging industry trends.

About Connplex Cinemas Limited

Connplex Cinemas Limited was originally incorporated as Fohatron Power Limited on 1 September 2015 under the Companies Act, 2013. It was subsequently renamed VCS Industries Limited on 16 February 2018 and later rebranded as Connplex Cinemas Limited on 14 August 2024, reflecting its strategic shift into the entertainment sector.

The company is engaged in the development, operation, and franchising of cinema theatres under the brand name “Connplex”. Its core business encompasses film exhibition, distribution, and revenue sharing from ticket sales, food and beverages, and advertising across its network of franchised and company-operated screens.

Connplex operates a multi-format cinema model, offering Express, Signature, and Luxuriance experiences tailored to diverse audience segments. As of March 2025, the company had expanded to 66 operational screens, up from 24 in March 2023, with a presence in states including Gujarat, Bihar, Maharashtra, Chhattisgarh, Telangana, Odisha, and Rajasthan.

The company’s growth is driven by a franchise-led expansion strategy, leveraging FOFO (Franchise Owned Franchise Operated) and FOCO (Franchise Owned Company Operated) models to scale efficiently. Connplex also engages in cinema setup services, providing turnkey solutions for theatre development, including design, equipment installation, and operational support.

How To Check the Allotment Status of the Connplex Cinemas IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Connplex Cinemas IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Connplex Cinemas IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Connplex Cinemas IPO

Registered office: Block C-1001, Krish Cubical, Opp. Avalon Hotel, Nr. Govardhan Party Plot, Thaltej, Ahmedabad – 380059, Gujarat, India.

Phone: +91 79 3528 9865 / +91 79 3528 8291

E-mail: cs@theconnplex.com

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Connplex Cinemas IPO FAQs

What is the Connplex Cinemas IPO?

Connplex Cinemas IPO is a book-built issue IPO. It will be open from August 7, 2025, to August 11, 2025. 

When will the Connplex Cinemas IPO be allotted?

The Basis of Allotment will happen on Tuesday, August 12, 2025. 

When will the Connplex Cinemas IPO open for subscription?

The IPO subscription window will open on Thursday, August 7, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 2 lots, and each lot consists of 800 shares (1,600 shares in total). 

When will Connplex Cinemas Limited list on exchanges?

The listing date for Connplex Cinemas Limited is Thursday, August 14, 2025. 

What is the issue size of the Connplex Cinemas IPO?

The issue size of the Connplex Cinemas IPO is up to ₹90.27 crore, consisting of a fresh issue of 51.00 lakh shares. 

What are the open and close dates of the Connplex Cinemas IPO?

The open and close dates for Connplex Cinemas IPO are from August 7, 2025, to August 11, 2025. 

What would be the listing gains on the Connplex Cinemas IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Connplex Cinemas IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Connplex Cinemas IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Connplex Cinemas Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Connplex Cinemas Limited's financial statements?

To read Connplex Cinemas ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for Connplex Cinemas Limited IPO?

Pre-apply allows investors to apply for the Connplex Cinemas IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Connplex Cinemas Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Connplex Cinemas Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.  

Who is the registrar of Connplex Cinemas IPO?

Link Intime India Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Connplex Cinemas IPO getting listed?

Connplex Cinemas Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).