IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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Schedule of Connplex Cinemas Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Connplex Cinemas Limited IPO
Connplex Cinemas Limited IPO is an IPO of up to TBA. It consists of a fresh issue of up to 51,00,000 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA.
Objective of Connplex Cinemas Limited IPO
- Funding capital expenditure requirement for purchase of corporate office.
- Funding capital expenditure requirement for purchase of LED screens and projectors.
- Funding working capital requirement.
- Funding general corporate purposes.
Connplex Cinemas Limited IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | - |
Fresh Issue | Up to 51,00,000 equity shares |
EPS (₹) For the year ended March 31, 2024 | 2.92 |
Connplex Cinemas Limited IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% |
Retail Shares Offered | Not less than 35% |
NII (HNI) Shares Offered | Not less than 15% |
Industry Outlook
There were 339 films released across 38 countries, up from 33 countries in the previous year. They generated a gross box office collection of ₹1,900 crores, 19% more than 2022. Film viewership remains a very important part of television; film channels generated 26% of total TV viewership in 2023, up from 25% in 2022. Over 400 films released on digital platforms in 2023, a growth of 30% over 2022. ₹750 crores were generated from cinema advertising in 2023, a 50% rise attributed to successful movies and the scarcity of avenues to reach affluent audiences. The theatre-going audience is expected to increase in size as India’s affluence increases: the estimates of per capita income increasing from US$2,500 in 2022 to US$3,000 by 2025 are an indicator supporting the above hypothesis.
Company Information
Connplex Cinemas Limited is an entertainment company. The company is engaged in the business of the development of theatres, entering into franchise agreements specialising in the exhibition and distribution of films, sharing revenue of screening of movies, sale of food and beverages, and sharing of revenue from the sale of food and beverages and advertisements at various franchised cinema, and other related business under the brand name “CONNPLEX” and other brands registered under the name of the company. They operate a network of cinemas offering a diverse range of cinematic experiences that cater to various audience preferences.
Connplex Cinemas Ltd Strengths
Their commitment to delivering a luxury cinema experience distinguishes them from traditional cinema chains. They focus on providing top-tier amenities, including plush recliner seating, immersive surround sound systems, and high-definition screens that e
They offer a comprehensive and supportive franchise system that empowers our franchisees to succeed. From the initial location selection to the construction phase, and throughout the operational and marketing setup, they ensure that every step is streamli
The prime advantage of the business model is that the collection of cinema tickets as well as food and beverage (F&B), or other services, is directly deposited into the company’s bank account, for both digital payments and cash transactions.
With less investment and good returns, Connplex Cinemas is to reach out to the large population by developing small cinemas where investors having a reasonable size of investments can earn an adequate return.
Risks of Connplex Cinemas Limited IPO
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A limited number of popular movies in a month could negatively affect attendance and revenue from key locations.
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External factors like riots, pandemics, or local disruptions can impact cinema operations and occupancy significantly.
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Lower occupancy on weekdays poses challenges, particularly when the movie lineup lacks popular or big releases.
All Financial Information about Connplex Cinemas Ltd
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | Connplex Cinemas Limited | PVR Inox Limited |
|---|---|---|
Revenue from Operation (crores) As on March 31, 2024 | 60.297 | 6107.10 |
P/E | - | - |
EPS (Basic) | 2.92 | (3.26) |
EBITDA Margin | 10.27% | 29.64% |
PAT Margin | 6.78 | -0.52% |
Anchor Investor Information
The Anchor Investor Bid/Issue Period shall be one Working Day prior to the Bid/Issue Opening Date.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Beeline Capital Advisors Private Limited
Registrar for the IPO is MUFG Intime India Private Limited
Business Model
The company earns its revenue by offering the following:
- Making/developing of cinema theatres.
- Film exhibition & film distribution (including event hosting).
- Revenue sharing/sale of food and beverages, and other revenue, including advertisement sharing.
Company Growth Trajectory
Revenue from operations had increased by 137.68% from ₹25.37 crores in fiscal 2023 to ₹60.30 crores in fiscal 2024, due to an increase in sales of products and other operating revenue during the year. Other income had increased by 123.97% from ₹0.24 crores in fiscal 2023 to ₹0.54 crores in fiscal 2024, mainly due to an increase in interest on FDR, which rose from ₹0.16 crores in fiscal 2023 to ₹0.38 crores in fiscal 2024; an increase in other income, which rose from ₹0.06 crores in fiscal 2023 to ₹0.11 crores in fiscal 2024; and profit on sale of fixed assets, which increased from nil in fiscal 2023 to ₹0.03 crores in fiscal 2024.
Company Market Position
The company’s strategic emphasis on emerging markets, particularly in tier 2, 3, and 4 cities, positions them as a player in regions where larger competitors and major cinema chains have been reluctant to establish a presence. They have identified high-potential markets with limited competition, where their cost effective and luxury-focused cinema model has successfully captured substantial market share. By entering areas with high demand and low existing supply, they can build a strong presence in underserved and relatively rural communities.
Connplex Cinemas Limited Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹ crores) | 6.976 | 25.608 | 60.833 |
Profit Before Tax (₹ crores) | 1.181 | 2.185 | 5.515 |
Net Profit (₹ crores) | 0.853 | 1.648 | 4.088 |
EBITDA (₹ crores) | 1.375 | 2.629 | 6.195 |
EPS (₹) | 0.61 | 1.18 | 2.92 |
Comparison with peers
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹ crores) | 1.181 | 2.185 | 5.515 |
Net Cash from Operating Activities (₹ crores) | 1.147 | 8.827 | 4.135 |
Net Cash from Investing Activities (₹ crores) | (3.436) | (6.164) | (4.393) |
Net Cash from Financing Activities (₹ crores) | (0.196) | 0.235 | (0.107) |
Cash and Cash Equivalents (₹ crores) | 0.954 | 3.851 | 3.487 |
How To Check Allotment Status of Connplex Cinemas Limited IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar MUFG Intime India Private Limited. To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Connplex Cinemas Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the MUFG Intime India Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Connplex Cinemas Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Connplex Cinemas Ltd IPO FAQs
What is the Connplex Cinemas Limited IPO?
The Connplex Cinemas Limited IPO has an issue size of TBA. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Connplex Cinemas Limited IPO?
MUFG Intime India Private Limited is the registrar for this IPO.
Who is the CEO of Connplex Cinemas?
Anish Patel is the CEO of Connplex Cinemas.
Where can I read more about Connplex Cinemas Limited business?
You may read more about Connplex Cinemas Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
