Connplex Cinemas Limited is an Indian entertainment company engaged in the development and operation of cinema theatres, film exhibition and distribution, and revenue sharing from movie screenings, F&B sales, and in-cinema advertisements. Operating under the “Connplex” brand, the company provides end-to-end solutions across the cinema value chain and has redefined the movie-viewing experience in Tier 2, 3, and 4 cities while expanding its footprint in Tier 1 cities as well.
Connplex’s operations are built on three core pillars:
a) Cinema Infrastructure Development: Making and designing theatres under varied models suited for different geographies.
b) Film Exhibition & Distribution: Screening mainstream, regional, and niche content, including alternative entertainment like live sports and concerts.
c) Revenue from F&B, Advertisement & Events: Significant earnings from food & beverage sales, on-screen and off-screen advertising, and private events.
Connplex operates using two franchise models:
a) FOFO (Franchise-Owned, Franchise-Operated): franchisees own and operate the cinema, while Connplex provides brand, training, and system support. A one-time fee of ₹5 lakh + GST per screen is charged, and revenue is shared from tickets, F&B, and convenience fees.
b) FOCO (Franchise-Owned, Company-Operated): franchisees invest in the property, but Connplex manages all operations. Revenue is collected centrally and shared after deductions, offering passive income to investors.
As of March 31, 2025, Connplex operates 25 cinemas with 66 screens and 5,060 seats. Its presence spans cities like Rajkot, Ahmedabad, Vadodara, Patna, Bhagalpur, and other emerging markets.
Connplex has partnered with August Entertainment for film programming and BookMyShow for seamless ticketing via Vista Entertainment’s platform
i) Offers premium cinema with Dolby Atmos, 2K projectors, and recliner seats.
ii) Provides end-to-end franchisee support for quick setup.
iii) Earns from tickets, F&B, ads, and private events.
iv) Focuses on Tier 2–4 cities with low competition.
v) Screens diverse content for all audience segments.
| Open Date: | Aug 07 2025 |
| Close Date: | Aug 11 2025 |
| Total Shares: | 51,00,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 90.27 Cr. |
| Lot Size: | 800 Shares |
| Issue Price: | ₹ 168-177 Per Equity Share |
| Listing At: | NSE Emerge |
| Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations | 95.60 | 60.29 | 25.36 |
| EBITDA | 26.27 | 6.19 | 2.63 |
| EBITDA Margins | 27.48% | 10.27% | 10.36% |
| PAT | 19 | 4.08 | 1.64 |
| PAT Margins | 19.88% | 6.78% | 6.50% |
| ROCE | 98.25% | 88.36% | 119.48% |
| Debt to Equity Ratio(In Times) | 0.03 | 0.05 | 0.24 |
| Operating Cash Flows | 2.8 | 4.02 | 8.82 |
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Connplex cinemas Limited | 95.60 | 27.48% | 19.88% | 98.25% | 0.03 | 338.07 | 17.79 |
| PVR INOX ltd. | 5780 | 27% | -4.86% | 2.86% | 1.1 | 10,129 | IN LOSS |
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