Connplex Cinemas shares list at 10% premium over IPO price on NSE SME platform

Connplex Cinemas debuted on the NSE SME platform at Rs 195, a 10.2% premium over its issue price of Rs 177, after a highly successful IPO that was oversubscribed 35.67 times. The company, which operates premium 'Smart Cinemas' across India, plans to use the IPO proceeds for expansion and working capital, aiming to deliver strong performance following investor enthusiasm.