Connplex Cinemas shares list at 10% premium over IPO price on NSE SME platform

The Rs 90.27 crore IPO, open from August 7 to 11, attracted strong investor interest, with an overall subscription of 35.67 times. The QIB category led with 44.21 times subscription, followed by NIIs at 49.75 times and retail investors at 24.75 times.

Connplex Cinemas IPO consisted entirely of a fresh issue of 51 lakh equity shares. Ahead of the offering, Connplex Cinemas raised Rs 25.70 crore from anchor investors, with allocations to both domestic and institutional players.

In the grey market, the company’s shares are currently trading at a premium of around 5% over the issue price, suggesting that the stock could list near Rs 185–186 if sentiment holds steady until debut.

Founded in 2015, Connplex Cinemas operates “Smart Cinemas” across India, offering premium movie experiences tailored to Indian audiences. The company develops theatres and franchises them under the “Connplex” brand, generating revenue from ticket sales, food and beverage offerings, and both on-screen and off-screen advertising.

Live Events

Its formats — Express, Signature, and Luxuriance — cater to varied audience segments, and as of June 30, 2025, the company employed 96 people.Proceeds from the IPO will be used to fund the purchase of a corporate office, acquire LED screens and projectors, meet working capital requirements, and for general corporate purposes.With healthy subscription figures, a niche focus on premium cinema experiences, and steady grey market activity, all eyes are now on whether Connplex Cinemas can deliver an opening day performance in line with investor expectations.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)