Connplex Cinemas IPO, Aug. 7 -- The initial public offering (IPO) of film exhibition and distribution firm Connplex Cinemas opened for subscription on Thursday, August 7. The SME IPO is a fresh issue of 51 lakh shares to raise Rs.90.3 crore.

Connplex Cinemas is an entertainment company that develops theatres and operates under franchise agreements. It earns revenue from movie screenings, food and beverage sales, and advertisements, under the brand name "CONNPLEX" and other registered brands.

By 10:30 AM on Wednesday, the first day of subscription, the issue had seen an overall subscription of 0.06 times, with the retail segment booked 0.10 times. The segments reserved for NIIs were booked 0.05 times, and the QIB segment had not seen any...