Complete Sports & Management
Complete Sports & Management India is an amusement and leisure equipment company that sources, trades, distributes, installs, and maintains specialized entertainment infrastructure. The company operates in the leisure and entertainment sector, providing comprehensive solutions for bowling alleys, arcade games, and trampoline parks.
Price Band
₹128 - ₹135
Lot Size
2000 Shares
Issue Size
₹74.93 Cr
Fresh Issue
₹74.93 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹139.00
vs Issue: ₹135 (+2.96%)
📅 IPO Timeline
✓
Open
Aug 28
✓
Close
Sep 1
✓
Allotment
Sep 2
✓
Refund
Sep 3
✓
Demat
Sep 3
✓
Listing
Sep 4
✨ AI Analysis & Prediction
+97.1%
predicted listing gain
The listing gain is adjusted upward from a 0% GMP baseline due to strong institutional QIB demand (7.34x), an exceptionally high ROE of 53.55%, and a small float size creating a scarcity squeeze. The 100% fresh issue structure further boosts sentiment as it indicates growth capital injection rather than promoter offloading.
💪 Strengths
- Exceptional ROE (53.55%) and ROCE (47.97%)
- 100% Fresh Issue indicates growth focus
- Low Debt-to-Equity ratio of 0.21
⚠️ Weaknesses
- Lack of listed peers for valuation benchmarking
- Relatively small revenue growth between 2025 and 2026
🚀 Opportunities
- Expansion into direct-to-consumer entertainment centers like Duckpin Bistro
- Growing demand for amusement and leisure parks in India
🛡️ Threats
- High capital expenditure requirements for equipment updates
- Dependency on discretionary consumer spending in the leisure sector
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding the capital expenditure requirements of the Company towards the purchase of gaming equipment and other capital equipment, including computers, printers and software, equipment and tools, and CCTV and safety equipment, for its existing warehouse located at Bhiwandi, Maharashtra. | ₹39.88 |
| Funding the capital expenditure requirements of the Company towards the setting up of the ‘Duckpin – The Bowling Bistro’ entertainment centre in Mumbai, Maharashtra. | ₹8.09 |
| Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions | ₹11.50 |
| General Corporate Purpose | ₹15.46 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | NA | Rs 111.42 Cr | Rs 118.76 Cr |
| Net Profit / PAT (₹ Cr) | NA | Rs 11.41 Cr | Rs 18.18 Cr |
| Total Assets (₹ Cr) | NA | Rs 69.78 Cr | Rs 83.26 Cr |
| ROE % | NA | NA | 53.55% |
| ROCE % | NA | NA | 47.97% |
| Debt / Equity | NA | NA | 0.21 |
Debt/Equity
0.21
📋 Live Subscription Status
QIB
7.34x
NII
2.66x
Retail
1.57x
Total
3.45x
Updated: Sep 4, 2026 5:00 PM
💼 Reservation Quota
QIB
50.00%
Retail
33.26%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2002, Complete Sports & Management India has evolved over two decades into a specialized player in the amusement and leisure equipment business. The company provides an end-to-end service model that encompasses planning, consulting, equipment sourcing, installation, commissioning, and long-term operation support and maintenance for entertainment destinations.
Its core product portfolio is diverse, featuring high-end Bowling solutions, Arcade Games, Soft play systems, trampoline parks, and Laser tag equipment. By offering both the hardware and the technical consulting required to run these facilities, the company creates a sticky relationship with its clients.
The company maintains a strong international and domestic footprint, with operations spanning across India and Singapore. This dual-market presence allows them to leverage global trends in the leisure industry and serve a wide array of domestic clients looking to modernize their entertainment offerings.
Operationally, the company is expanding its physical infrastructure, including a warehouse in Bhiwandi, Maharashtra, and is venturing into direct ownership of entertainment centers, such as the 'Duckpin – The Bowling Bistro' in Mumbai.
The promoter group consists of Rohit Rajesh Mathur, Abha Rohit Mathur, and Rohan Rohit Mathur, who have led the company's expansion from a trading entity into a full-service leisure management firm.
The Complete Sports & Management India IPO is a book-built issue with a total size of approximately ₹74.93 Crores. Notably, the entire issue consists of a fresh issue of ₹74.93 Crores with no Offer for Sale (OFS), meaning all proceeds will remain within the company. The price band is set at ₹128 to ₹135 per share, with a minimum retail lot size of 2,000 shares requiring an investment of ₹2,70,000. The IPO is scheduled to list on the BSE SME platform on September 4, 2026.
The proceeds from the fresh issue are earmarked for strategic growth: ₹39.88 Crores for capital expenditure at the Bhiwandi warehouse (including gaming equipment and safety tools), ₹8.09 Crores for setting up the 'Duckpin – The Bowling Bistro' in Mumbai, and ₹11.50 Crores for the repayment of outstanding borrowings.
Financial performance shows a positive growth trajectory. Revenue increased from ₹111.42 Crores in 2025 to ₹118.76 Crores in 2026. More impressively, the Profit After Tax (PAT) saw a significant jump from ₹11.41 Crores in 2025 to ₹18.18 Crores in 2026, demonstrating improved operational efficiency and margin expansion.
From a valuation perspective, the company boasts an exceptional Return on Equity (ROE) of 53.55% and a Return on Capital Employed (ROCE) of 47.97%. While a direct P/E comparison is difficult due to a lack of listed peers in India, the EPS of ₹12.11 and a low Debt-to-Equity ratio of 0.21 suggest a healthy balance sheet.
Key strengths include the 100% fresh issue structure, strong profitability ratios, and a niche market position. However, risks include the lack of listed peers for valuation benchmarking and the capital-intensive nature of expanding physical entertainment centers.
For investors, the IPO presents a growth-oriented opportunity in the leisure sector. While the financials are robust, the listing performance will likely depend on the continued demand for experiential entertainment in urban Indian markets.