Connplex Cinemas launched its IPO to raise ₹90.27 crore via a fresh issue of shares.
The price band is fixed between ₹168 and ₹177 per share, open till August 11.
Grey market activity signals investor interest with an 18% expected premium.
The funds will be used to expand cinema screens and enhance technology infra
structure.
Connplex operates 66 screens across Gujarat, Rajasthan, MP, Maharashtra, and UP.
The company uses FOFO and FOCO models to expand with low capital investment.
Connplex Cinemas reported a ₹19 crore net profit in FY25, marking a 365% year-on-year growth.
With a Return on Equity (ROE) of 127%, it reflects high capital efficiency.
The debt-to-equity ratio stands at just 0.03, indicating a solid financial base.
Connplex is expected to list on NSE Emerge platform on or around August 14.