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(05/08/2025 16:00)

Connplex Cinemas announces launch of initial public offering

Connplex Cinemas Ltd. has announced public offering of 5100000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 167.00 per share. The gross proceeds of the issue are expected to be Rs 9,027.00 lakhs.

The company's initial public offer (IPO) will open on 07 August 2025 and is expected to close on 11 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 168.00-177.00 per share.

The IPO includes a fresh Issue of 5100000 Equity Shares of the Company at an price of Rs 177.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Connplex Cinemas Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.