Connplex Cinemas IPO Listing: The shares of entertainment company complex cinemas were entered on NSE SME today. Its IPO received more than 35 times the overall. Shares have been issued at a price of ₹ 177 under the IPO. Today, it has entered ₹ 195.00 on NSE SEME i.e. IPO investors got 10.17% listing gains. However, the joy of IPO investors faded shortly when the stocks broke. After the listing, the stock went to an altitude of ₹ 198 and then broke to ₹ 185.25 (Connplex Cinemas Share Price). At the end of the day it has closed at ₹ 186.25, that is, at the end of the first trading day, IPO investors are at 4.49% losses.
Connplex Cinemas iPO how to spend money
The ₹ 90.27 crore IPO of the CONPlex Cinemas was opened from 7-11 August for subscription. This IPO received a strong response from investors and overall it was subscribed to 35.67 times. It had 44.21 times reserved for qualified institutional buyers (QIB), 49.75 times the share of non-institutional investors (NII) and the share of retail investors was filled 24.75 times. Under this IPO, 51 lakh new shares with face value of ₹ 10 have been issued. Out of these shares, ₹ 14.79 crore corporate office purchases, ₹ 24.44 crore LED screens and purchase of projectors, ₹ 37.63 crore working capital needs and the remaining money will be spent on common corporate objectives.
About connplex cinemas
The 2015 Conamplex Cinemas Entertainment Company operates ‘Smart Cinemas’. This theater develops and the film enters a franchise agreement for exhibitions and distribution that shared screening, food and beverages cells and revenue from ad. It not only offers an on-screen advertisement, not only on-screen. Talking about the financial health of the company, it has been strongly strengthened.
In FY 2023, it made a net profit of ₹ 1.65 crore, which jumped in the next financial year 2024 to ₹ 4.09 crore and ₹ 19.01 crore in FY 2025. During this period, the company’s total income increased to ₹ 96.78 crore annually from the compound rate (CAGR) of more than 91% annually. During this period, the loan on the company was seen to be ₹ 32 lakh in the last of the financial year 2023 and ₹ 27 lakh in the last of FY 2024 to ₹ 72 lakh in the last of FY 2025.
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