Archive · 14 Jun 2025
Connplex Cinemas Approved for SME IPO Launch
Connplex Cinemas, a movie theatre company, is planning to sell stocks to the public for the first time.
This is called an IPO.
They got the go-ahead from the stock exchange.
The company plans to sell new shares, and the money raised will be used to buy a corporate office, new screens, and projectors, and to help with day-to-day operations.
They hope to use the money to grow their business.
The shares will be available on the NSE Emerge platform.
The company is based in Gujarat and is in the business of building and operating movie theaters, as well as film distribution and sales.
Connplex Cinemas, a Gujarat-based entertainment company, received approval for its IPO.
The IPO is for the Small and Medium Enterprises (SME) platform of the National Stock Exchange.
The IPO will consist of a fresh issue of up to 51 lakh equity shares at ₹10 each.
Proceeds will fund a corporate office, LED screens/projectors, and working capital.
Shares will be listed on NSE Emerge.
- Who
- Connplex Cinemas, an entertainment company.
- What
- Connplex Cinemas received in-principle approval for its SME IPO.
- When
- Approval was granted on June 11, 2025.
- Where
- The company is based in Gujarat; IPO will be on NSE Emerge.
- Why
- To raise capital for growth initiatives, including a corporate office, equipment, and working capital.
- Company
- Connplex Cinemas
- Location
- Gujarat
- IPO Platform
- NSE Emerge
- Share Type
- Equity Shares
- Face Value
- ₹10 per share
- Promoters
- Anish Tulshibhai Patel, Rahul Kamleshbhai Dhyani