Complete Sports lists on BSE SME after ₹74.93 crore IPO, eyes venue expansion
Mumbai-based Complete Sports & Management India, which operates All Sett Go and Duckpin entertainment venues, has debuted on the BSE SME platform after issuing 55.50 lakh shares at ₹135 each. The company plans to expand its company-operated entertainment destinations.
What happened
Mumbai-based Complete Sports & Management India listed on BSE SME after raising ₹74.93 crore. The amusement-equipment distributor and operator of All Sett Go
Key facts
- ₹74.93 crore IPO proceeds
- 55.50 lakh equity shares at ₹135 each
- ₹33.00 crore IPO proceeds
- 68.76 lakh equity shares at ₹48 each
- 767th and 768th BSE SME listings
- 7,500+ telecom sites
- 92 transit mixers
- 13 concrete pumps
- 23 trucks
Why this matters
Complete Sports’ post-listing expansion could make it a more active partner or acquisition candidate for mall owners, hospitality groups and leisure operators seeking turnkey family-entertainment concepts.
What to watch
- Number, location and opening dates of new All Sett Go and Duckpin venues.
- Same-store sales, footfall, repeat-customer rates and revenue per visitor at existing sites.
- Venue-level EBITDA or contribution margin after rent, staffing, maintenance and marketing.
- Lease terms, revenue-share arrangements and security-deposit commitments for new locations.
- Share of revenue from higher-margin events, food and beverage, equipment sales and service contracts.
- Operating cash flow versus IPO-proceeds deployment and any subsequent fundraising need.
- Evidence that discretionary consumer spending or mall footfall is weakening in target cities.
- Post-listing liquidity, promoter holding changes and compliance with SME-platform migration requirements.
- Announce a pipeline of new company-operated venues, likely concentrated in high-footfall malls and metro or tier-1 cities.
- Use IPO capital for amusement equipment, fit-outs, lease deposits, technology and initial working capital.
- Increase local marketing, birthday-party, corporate-event and group-booking offers to improve venue utilization beyond weekend traffic.
- Seek mall-developer, hotel, multiplex or food-and-beverage partnerships to lower customer-acquisition costs and improve destination appeal.
- Potentially broaden the revenue mix through equipment distribution, service contracts and managed-entertainment installations for third parties.