Complete Sports and Management India Limited IPO
Entertainment
Price Band
₹128 – ₹135
Lot Size
1000
Minimum Bid Quantity
2000
Minimum Investment
₹270000
Issue Size
₹74.93Cr
Opens
2026-08-28
Closes
2026-09-01
Listing
04-09-2026
Subscription Status
Qualified Institutional Buyers
7.34 x
Non-Institutional Investor
2.18 x
Retail Individual Investor
1.43 x
Total
3.2 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE2K6801014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Complete Sports and Management India Limited (CSML) is engaged in the sourcing, trading and distribution of amusement and leisure equipment, along with installation, commissioning, maintenance, advisory, and consulting services. Its product portfolio includes bowling solutions, arcade games, soft play areas, trampoline parks, laser tag systems, bumper cars, go-karting systems, cashless gaming systems, spares, and accessories. The company is an authorised distributor of Brunswick Bowling Products LLC in India, Singapore, Malaysia, and Indonesia and also has relationships with other international amusement equipment manufacturers. Its customers include family entertainment centres, clubs, hotels, resorts, corporate clients, and residential developments. CSML operates in India and Singapore and has a wholly owned subsidiary in Singapore. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: 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 – Rs 39.88 crore Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks and financial institutions – Rs 11.50 crore Funding the capital expenditure requirements for setting up of the ‘Duckpin – The Bowling Bistro’ entertainment centre in Mumbai – Rs 8.09 crore General corporate purposes
Pros
- • The company is an authorised distributor of Brunswick Bowling Products LLC across India, Singapore, Malaysia, and Indonesia, with the distributorship expanded to the latter three markets in August 2025. Revenue from Brunswick Bowling equipment stood at Rs 57.01 crore (50.21%) in FY26, Rs 37.98 crore (34.42%) in FY25, and Rs 41.30 crore (50.67%) in FY24.
- • The company claims to provide end-to-end amusement and leisure solutions covering site evaluation, project conceptualisation, equipment sourcing, installation, testing and commissioning, operator training, maintenance, refurbishment, repair, technical support and spare parts management. It operates across distribution, supply, and installation as well as consultancy and management services, with solutions tailored to the space, budget, target demographics, and operational requirements of individual projects.
- • The company claims to have experience serving diverse segments of the leisure and hospitality industry, including club houses, corporate clients, family entertainment centres, hotels, residential complexes, and resorts. It further states to have project experience covering entertainment and recreational installations of varying sizes and configurations, with capabilities across solution identification, equipment sourcing, installation, testing, commissioning and post-installation support.
Cons
- • The company is highly dependent on a limited number of customers, with its top 10 customers contributing Rs 91.44 crore (80.53%) in FY26, Rs 72.33 crore (65.55%) in FY25 and Rs 65.57 crore (80.45%) in FY24. Its top 5 customers contributed Rs 72.31 crore (63.68%), Rs 55.34 crore (50.15%) and Rs 42.83 crore (52.56%), respectively. Any loss of these customers or reduction in business from them could materially adversely affect the company’s business, financial condition, results of operations and cash flows.
- • The company’s revenues are substantially dependent on its amusement and entertainment solutions portfolio, with distribution, supply and installation of such solutions contributing Rs 103.86 crore (91.46%) in FY26, Rs 104.87 crore (95.04%) in FY25 and Rs 79.58 crore (97.64%) in FY24. Any decline in demand, changes in customer preferences, deferment or cancellation of projects, or adverse developments in the entertainment and leisure industry could hurt the company’s business, financial condition, results of operations and cash flows.
- • The company’s purchases are largely concentrated among a limited number of international manufacturers and suppliers, with its top 10 suppliers accounting for Rs 43.27 crore (81.93%) of total purchases in FY26, Rs 63.93 crore (73.20%) in FY25 and Rs 54.91 crore (81.07%) in FY24. Any disruption, termination, pricing change, commercial disagreement, or geopolitical issue affecting key suppliers could hit CSML’s ability to procure equipment, components and spare parts on acceptable terms and materially affect its business, profitability and cash flows.
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