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City Pulse Multiplex IPO Review, Dates, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the CPML IPO or City Pulse Multiplex IPO release date, IPO offer price, subscription, City Pulse Multiplex IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

City Pulse Multiplex Limited’s work is comprised of Film Exhibition, Film Production and Film Distribution. They were set up to carry out the business of setting up, operating and managing miniplex / multiplexes. 


City Pulse Multiplex IPO Review & Ratings

Ratings & Review – CPML IPO
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of City Pulse Multiplex IPO or CPML IPO

City Pulse Multiplex IPO CPML IPOCity Pulse Multiplex Limited’s work is comprised of Film Exhibition, Film Production and Film Distribution. They were set up to carry out the business of setting up, operating and managing miniplex / multiplexes.

The offering is upto 1,328,000 Equity Shares, of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 30 per Equity Share aggregating to Rs. 398 Lakhs.

From FY 2017-18 to FY 2018-19, as per the Restated Financial Statements

  • Revenues have grown from Rs. 73.92 lakhs in FY 2017-18 to Rs. 308.96 lakhs in FY 2018-19
  • The net asset value per Equity Share was Rs. 22.71 and Rs. (21.53) as of Mar 31, 2019 and March 31, 2018, respectively, as per the Restated Financial Statements 
  • The net worth of the company as on March 31,2019 is  Rs. 237.84 lakhs as per the Restated Ind AS Consolidated Summary Statement of Assets and Liabilities.
  • The net profit after tax was Rs 59.10 lakhs  in FY 2018-19 and Rs.26.28 lakhs in FY 2017-18.

The Promoters of this company are Mr. Arpit Kumar Mehta and Mrs. Rajal Arpit MehtaThe lead manager to the issue is CapitalSquare Advisors Private Limited  and the Registrar to this issue is Accurate Securities & Registry Pvt. Ltd. The Pre Issue Share Holding 65.73% and the Post Issue Share Holding 39.43%.



City Pulse Multiplex IPO Dates (CPML IPO Dates)

The opening and the closing date of City Pulse Multiplex IPO is June 27 – July 03, 2019.


City Pulse Multiplex IPO Subscription (CPML IPO)

Day / DateNIIRIITotal Subscription
1st Day – June 270.78x0.39x0.59x
2nd Day – June 280.82x0.96x0.89x
3rd Day – July 10.96x1.36x1.16x
4th Day – July 21.17x1.59x1.38x
5th Day – July 3
Shares Offered or Net Issue628,000628,0001,256,000

The shares subscribed by the public will be updated here.


City Pulse Multiplex IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization8-Jul-19
Refunds Initiation9-Jul-19
Credit of Shares to Demat Account9-Jul-19
Share Listing Date11-Jul-19

City Pulse Multiplex IPO Price Band

The face value of each share is Rs 10, but the cash price is Rs 30. 


City Pulse IPO or CPML IPO Size & Share Offering

Upto 15,00,000 Equity Shares, of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 30 per Equity Share aggregating to Rs. 398 Lakhs.


City Pulse Multiplex Limited – Company Overview

City Pulse Multiplex Limited’s work is comprised of Film Exhibition, Film Production and Film Distribution. They were set up to carry out the business of setting up, operating and managing miniplex / multiplexes.

It is engaged in the business of operating and managing of miniplex / multiplexes. They were set up to carry out the business of setting up, operating and managing a chain of miniplex / multiplexes under the brand name ‘WOW Cine Pulse’.

WOW Cine Pulse by CPML

Their business portfolio is comprised of Film Exhibition, Film Production and Film Distribution. Their company operates a chain of cinemas spread across in the state of Gujarat under the brand name ‘WOW Cine Pulse’. Presently, WOW Cine Pulse operates at 14 locations with 14 screens with a total of 3340 seats. City Pulse has been a prolific distributor of Studio and Non Studio films in India since 2000. City Pulse has one of the highest box office shares of regional and local language films in the Gujarat state.

In 2006, they have produced the first film “Love is Blind” . “Love is Blind” had won award from Government of Gujarat in most categories of it being nominated for; to elaborate-Best Gujarati film of the year, best play back singer, best story writing / scripting, best direction and best sound recording.

CPML Operations

They established first cinema theatre in Mehsana with two screens having a seating capacity of 433 seats in the year 2007. Presently, WOW Cine Pulse operates at 14 locations with 14 screens with a total of 3340 seats. The operational units are situated at key locations which offer a large catchment area.

These operational units are surrounded by malls, food courts and restaurants along with adequate car parking facilities thus making them an attractive destination for patrons.

The Company is proposing to launch the new Project i.e. “World on Wheel”. World on wheels is a first step of the Company in the field of “Innovation Entertainment”, first of its kind of cinema on wheels.

Competitive Strengths of City Pulse Multiplex Limited / CPML

  • Strategic selection of location
  • Research backed investment
  • Promoter’s experience in film industry
  • Reasonable Price
  • Ticket Booking Facility
  • Latest available projection and sound systems
  • Pleasant Ambience and Auditorium Comfort

Business strategies of City Pulse Multiplex Limited / CPML

  • Geographical Expansion
  • Increase geographical presence
  • Franchisee Business Model

City Pulse Multiplex Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of City Pulse Multiplex IPO

Amount (in INR & lakhs)
31-Mar-1931-Mar-1831-Mar-17
Total Assets615.58324.54276.33
Total Revenue308.9673.9224.06
Total Expense248.90 49.7418.80
Profit After Tax59.1026.289.96

Earnings per Equity Share (in lakhs)

31-Mar-1931-Mar-1831-Mar-18
Basic16.6610.513.98
Diluted4.562.200.84

From the above statements, one could find that the City Pulse Multiplex Limited may perform well.


City Pulse Multiplex IPO – Promoters

The Promoter of this company is:

  • Mr. Arpit Kumar Mehta
  • Mrs. Rajal Arpit Mehta

List of Related Parties (Key Managerial Personnel)

  • Mrs. Rajal Amit Mehta – CFO
  • Ms. Divya Jitendrakumar Agrawal – Compliance officer & CS

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


City Pulse Multiplex IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Upto 1,328,000 Equity Shares, of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 30 per Equity Share aggregating to Rs. 398 Lakhs
 Of which:
 Reserved for Market Makers Upto [●] Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. [●] per Equity Share aggregating toRs. [●] Lakhs
 Net Issue to the Public Upto [●] Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs
 Of which:
 Retail Investors Portion Up to [●] Equity Shares of face value of Rs. [●] each at a premium of Rs. [●] per Equity Share will be available for allocation for allotment to Retail Individual Investors of up to Rs. [●] Lakhs
 Non-Retail Investors PortionUp to [●] Equity Shares of face value of Rs. [●] each at premium of Rs. [●] per Equity Share will be available for allocation for allotment to Other Investors of above Rs. [●] Lakhs
 Equity Shares outstanding prior to the IssueRs.199.90 Lakhs divided into 1999033 Equity Shares of Rs. 10.00 each
 Equity Shares outstanding after the IssueRs.[] Lakhs divided into [●] Equity Shares of Rs. 10.00 each

CPML IPO or City Pulse IPO Issue Object

These are the CPML IPO Issue Objects:

  • Setting up of new miniplex /Multiplex
  • Funding the Working Capital requirements of the Company
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company

City Pulse Multiplex IPO or CPML IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Strategic selection of location
  • Research backed investment
  • Promoter’s experience in film industry
  • Reasonable Price
  • Ticket Booking Facility
  • Latest available projection and sound systems
  • Pleasant Ambience and Auditorium Comfort

The relevant quantitative factors are:

Basic EPSDiluted EPSRONW in %NAV (Rs.)
31-Mar-173.980.84-12.43
31-Mar-1810.512.20-48.81
31-Mar-1916.664.5624.8522.71
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [●] per Equity Share of face value of Rs.10.00 each fully paid up:-
ParticularsP/E ratio
P/E ratio based on Basic EPS for FY 2018-1916.66
P/E ratio based on Diluted EPS for FY 2018-19 4.56
P/E ratio based on Basic Weighted Average EPS12.5
P/E ratio based on Diluted Weighted Average EPS3.15
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.) Basic EPS (In Rs.)Diluted EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1City Pulse Multiplex Limited1012.53.15-0.0622.71
2Inox Leisure1011.0021.3018.5085.50
3PVR1026.648.5012.20244.70

City Pulse Multiplex IPO Lead Managers

Lead Managers
CAPITALSQUARE ADVISORS PRIVATE LIMITED
208, 2nd Floor, AARPEE Center, MIDC Road No 11,
CTS 70,Andheri (E ),Mumbai 400093 Maharashtra. India
Tel: +91-22-66849999 Fax: +91-22-66849998
Website: www.capitalsquare.com
Email / Investor Grievance Id:
Contact Person: Mr. Tanmoy Banerjee/Mr. Saket Jain
SEBI Registration No: INM000012219

City Pulse Multiplex IPO Registrar to offer

Registrar to the Offer
Accurate Securities & Registry Private Limited
Address : 203,Shangrilla Arcade,above Samsung Showroom Shyamal cross
Road, Satellite Ahmedabad, Gujarat
Tel No: +91 : 6354814518 Fax No: N/A
Website: www.accuratesecurities.com
Email Id:
Investor Grievance Id: ,
Contact Person: Mr Ankur Shah
SEBI REGN NO: INR000004173

City Pulse Multiplex IPO Other Details:

  • Statutory Auditor – O R Maloo & Co.
  • Peer Review Auditor – O R Maloo & Co.
  • Bankers to the Company – Axis Bank Ltd

City Pulse Multiplex IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

City Pulse Multiplex IPO Grey Market Premium

The City Pulse Multiplex IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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City Pulse Multiplex IPO News

News 1 – IPO ISSUE OPENS SOON [Download DRHP Prospectus]

News 2 – Download RHP Prospectus


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