New Delhi, August 14 (Kiran News): Entertainment sector company Conplex Cinemas made a strong entry into the stock market today, but early gains faded as selling pressure set in. The company had issued its shares at ₹177 under the IPO. On the NSE SME platform, it debuted at ₹195, reflecting a premium of 10.17%. However, post-listing selling saw the stock slip, and by 11 a.m., it was trading at ₹187 — bringing IPO investors’ gains down to 5.68%.
The ₹90.27 crore IPO of Conplex Cinemas was open for subscription from August 7 to 11 and received an overwhelming response, being oversubscribed 35.67 times overall. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 44.21 times, while the Non-Institutional Investors (NIIs) segment saw 49.75 times subscription. The retail investor quota was subscribed 24.75 times. The IPO comprised 51 lakh new shares with a face value of ₹10 each.
Funds raised through the IPO will be utilised for purchasing the company’s corporate office, buying LED screens and projectors, meeting working capital requirements, and for general corporate purposes.
According to the company’s prospectus, Conplex Cinemas’ financial performance has strengthened consistently. Its net profit rose from ₹1.65 crore in FY 2022-23 to ₹4.09 crore in FY 2023-24, and further to ₹19.01 crore in FY 2024-25. Revenue also grew at a compound annual growth rate (CAGR) of over 91%, reaching ₹96.78 crore during this period.
However, the company’s debt position has fluctuated. At the end of FY 2022-23, total debt stood at ₹32 lakh, which decreased to ₹27 lakh by the end of FY 2023-24, but then increased to ₹72 lakh at the close of FY 2024-25.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment