Cinema chain Connplex Cinemas Limited launches its IPO on August 7, 2025
Connplex Cinemas Limited, an Indian entertainment company specialising in luxury cinemas, has announced plans for an Initial Public Offering (IPO) in August 2025. The company, which was previously known as VCS Industries Ltd before its rebranding, operates various tiers of cinemas under the "CONNPLEX" brand and other registered names.
The IPO, scheduled to open on August 7, 2025, aims to raise approximately Rs. 90.27 crore. The equity shares, with a face value of ₹ 10 each, will be available in a price band of ₹ 168 - ₹ 177 per share.
The IPO will be conducted under the Small and Medium Enterprises (SME) IPO category, with an issue size of 51,00,000 equity shares. Qualified Institutional Buyers (QIBs) can acquire up to 9,68,800 Equity Shares, while individual investors can acquire not less than 16,96,000 Equity Shares. Non-Institutional Investors can acquire not less than 7,27,200 Equity Shares.
MUFG Intime India Private Limited has been appointed as the Registrar to the Issue, and Beeline Capital Advisors Private Limited is the Book Running Lead Manager to the Issue. Market Makers can acquire up to 2,56,000 Equity Shares.
The funds raised from the IPO will be utilised for capital expenditure requirements, purchase of corporate office, purchase of LED Screens and Projectors, Working Capital requirements, and general corporate expenses. The goal is to deliver a reliable and enjoyable cinema experience to more people across India by investing in infrastructure that allows them to maintain high-quality standards while expanding their footprint.
Anish Tulshibhai Patel, the Managing Director of Connplex Cinemas Limited, and Rahul Kamleshbhai Dhyani, the Joint Managing Director, expressed that going public is an important milestone for the company as they move into their next phase of development.
The equity shares will be listed on the NSE Emerge platform. The anchoring portion of the IPO will open on August 6, 2025, and the issue will close on August 11, 2025.
Connplex Cinemas Limited is an entertainment company focused on luxury and technology-driven experiences, combining cinema development and film distribution. Their growth strategy focuses on increasing their footprint in luxury and franchise-based cinemas while leveraging strategic partnerships with filmmakers and studios for film distribution across both cinemas and digital platforms.
This news comes as Connplex Cinemas Limited positions itself for significant growth, supported by its upcoming SME IPO scheduled for August 2025.
- Connplex Cinemas Limited, an Indian company focusing on luxury and technology-driven experiences, aims to raise Rs. 90.27 crore through an Initial Public Offering (IPO) in August 2025.
- The funds raised from the IPO will be utilized for capital expenditure, the purchase of corporate office, LED Screens and Projectors, working capital requirements, and general corporate expenses.
- The equity shares, with a face value of ₹ 10 each, will be available in a price band of ₹ 168 - ₹ 177 per share, and will be listed on the NSE Emerge platform.
- This IPO is a significant milestone for Connplex Cinemas Limited as they move into their next phase of development, with a focus on expanding their footprint and leveraging strategic partnerships in film distribution.
