New Delhi, August 14 (HS): Entertainment company Complex Cinemas Ltd entered the bourses today with a strong opening, but early enthusiasm was tempered as profit‑booking weighed on the stock within hours of listing.
Priced at ₹177 per share in its ₹90.27‑crore IPO, the stock debuted on the NSE SME platform at ₹195, a 10.17% premium over the issue price. However, as selling pressure set in, the scrip cooled to ₹187 by 11 a.m., trimming IPO investors’ gains to 5.68%.
A Heavily Oversubscribed Offer
The IPO, open from August 7–11, witnessed a blockbuster response, oversubscribed 35.67 times overall. The QIB segment was booked 44.21x, NIIs 49.75x, and the retail quota 24.75x. The issue consisted solely of 51 lakh fresh shares of ₹10 face value each.
Utilisation of IPO Proceeds
Funds will be deployed towards purchasing a corporate office, acquiring LED screens and projectors, meeting working capital needs, and other general corporate purposes — positioning the company for expansion in the cinema exhibition sector.
Strong Financial Growth Story
According to the prospectus, Complex Cinemas has posted sharp profit growth over the past three years:
- FY 2022‑23 — ₹1.65 crore net profit
- FY 2023‑24 — ₹4.09 crore net profit
- FY 2024‑25 — ₹19.01 crore net profit
Revenue surged at a 91%+ CAGR, touching ₹96.78 crore in FY 2024‑25. Debt levels fluctuated, standing at ₹32 lakh (FY23), ₹27 lakh (FY24), and ₹72 lakh (FY25).
Investor Takeaway
While the debut underscores strong investor confidence in Complex Cinemas’ future, the quick pullback reflects cautious sentiment and profit‑taking in a volatile market. Analysts say the company’s rapid earnings growth and planned asset expansion could fuel long‑term investor interest in India’s booming entertainment sector.
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Hindusthan Samachar / Jun Sarkar
