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Connplex Cinemas Limited Files DRHP On NSE Emerge For IPO
Mumbai (Maharashtra) [India], January 22: Connplex Cinemas Limited (Connplex, The Company) is an entertainment company engaged in the development of theatres, entering into the franchise agreements along with its other expertise, has announced its plans to enter the primary market with an IPO. The company has filed its Draft Red Herring Prospectus with NSE Emerge [...]
Mumbai (Maharashtra) [India], January 22: Connplex Cinemas Limited (Connplex, The Company) is an entertainment company engaged in the development of theatres, entering into the franchise agreements along with its other expertise, has announced its plans to enter the primary market with an IPO. The company has filed its Draft Red Herring Prospectus with NSE Emerge in preparation for the IPO. The company plans to issue 51,00,000 fresh equity shares with a face value of ₹ 10 each.
As the company advances with its IPO plans, Funding capital expenditure requirement for purchase of corporate office, Funding capital expenditure requirement of purchase of LED Screens and Projectors, Working capital requirement and general corporate purposes. The capital raised will support the company’s strategic objectives, strengthen its competitive.
