Connplex Cinemas Sets Stage for IPO with NSE Approval

Connplex Cinemas Limited received NSE Emerge approval for its Draft Red Herring Prospectus, progressing towards an IPO. The company plans to issue 51,00,000 fresh equity shares to fund its expansion, including acquiring corporate facilities and improving operations, with Beeline Capital Advisors managing the issue.

Devdiscourse News Desk | Mumbai (Maharashtra) | Updated: 16-06-2025 10:55 IST | Created: 16-06-2025 10:55 IST

Connplex Cinemas Sets Stage for IPO with NSE Approval — Connplex Cinemas Limited Received In-Principle Approval From NSE. Image Credit: ANI

Country:
India

New Delhi: Connplex Cinemas Limited has taken a crucial step forward in its journey towards an Initial Public Offering (IPO) with the National Stock Exchange's Emerge platform approving its Draft Red Herring Prospectus. This achievement marks a significant milestone for the company.

The entertainment firm aims to release up to 51,00,000 fresh equity shares priced at ₹10 each in its upcoming IPO. The capital raised will support several strategic initiatives, including the acquisition of a new corporate office, procurement of LED screens and projectors, and bolstering working capital for general corporate purposes. Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager, with MUFG Intime India Private Limited serving as the Registrar to the Issue.

Connplex Cinemas, under the brand name "CONNPLEX," is known for revolutionizing the cinema experience with a focus on luxury and accessibility. The company is expanding its footprint into Tier 2, 3, and 4 cities alongside metropolitan areas, offering premium entertainment through innovation and enhanced affordability. This strategic expansion is part of its objective to cater to audiences nationwide.

(With inputs from agencies.)