City Pulse Multiplex IPO Review, Dates, Allotment, Subscription, GMP & DRHP
Last Updated Date: Sep 01, 2023Let’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 | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
Summary of City Pulse Multiplex IPO or CPML IPO
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.
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 Mehta. The 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 / Date | NII | RII | Total Subscription |
| 1st Day – June 27 | 0.78x | 0.39x | 0.59x |
| 2nd Day – June 28 | 0.82x | 0.96x | 0.89x |
| 3rd Day – July 1 | 0.96x | 1.36x | 1.16x |
| 4th Day – July 2 | 1.17x | 1.59x | 1.38x |
| 5th Day – July 3 | |||
| Shares Offered or Net Issue | 628,000 | 628,000 | 1,256,000 |
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 Finalization | 8-Jul-19 |
| Refunds Initiation | 9-Jul-19 |
| Credit of Shares to Demat Account | 9-Jul-19 |
| Share Listing Date | 11-Jul-19 |
This IPO will be listed on 11-Jul-19 date. You can check the real time share price, click here – City Pulse Multiplex Share Price
To track the performance of this IPO, click on this link – IPO Performance
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-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 615.58 | 324.54 | 276.33 |
| Total Revenue | 308.96 | 73.92 | 24.06 |
| Total Expense | 248.90 | 49.74 | 18.80 |
| Profit After Tax | 59.10 | 26.28 | 9.96 |
Earnings per Equity Share (in lakhs)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-18 | |
| Basic | 16.66 | 10.51 | 3.98 |
| Diluted | 4.56 | 2.20 | 0.84 |
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 Portion | Up 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 Issue | Rs.199.90 Lakhs divided into 1999033 Equity Shares of Rs. 10.00 each |
| Equity Shares outstanding after the Issue | Rs.[] 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 EPS | Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | 3.98 | 0.84 | -12.43 | – |
| 31-Mar-18 | 10.51 | 2.20 | -48.81 |
– |
| 31-Mar-19 | 16.66 | 4.56 | 24.85 | 22.71 |
- 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:-
| Particulars | P/E ratio |
| P/E ratio based on Basic EPS for FY 2018-19 | 16.66 |
| P/E ratio based on Diluted EPS for FY 2018-19 | 4.56 |
| P/E ratio based on Basic Weighted Average EPS | 12.5 |
| P/E ratio based on Diluted Weighted Average EPS | 3.15 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | Basic EPS (In Rs.) | Diluted EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | City Pulse Multiplex Limited | 10 | 12.5 | 3.15 | – | -0.06 | 22.71 |
| 2 | Inox Leisure | 10 | 11.00 | – | 21.30 | 18.50 | 85.50 |
| 3 | PVR | 10 | 26.6 | – | 48.50 | 12.20 | 244.70 |
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: mbd@capitalsquare.in 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: accurate.rta@gmail.com Investor Grievance Id: info@accuratesecurities.com, 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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