Complete Sports and Management India IPO
Complete Sports and Management India LimitedSME
This IPO closed on 1 Sep 2026.
- Open date
- 28 Aug 2026
- Close date
- 1 Sep 2026
- Min. Investment
- ₹2,70,000
- Lot Size
- -
- Fresh Issue
- ₹74.93 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers7.34x
- Non-Institutional Investors2.22x
- Retail-Individual Investors1.57x
- Total3.28x
Schedule
- Completed: IPO open date28 Aug 2026
- Completed: IPO close date1 Sep 2026
- Current step: Allotment date2 Sep 2026
- Upcoming: Funds unblock or debit2 Sep 2026
- Upcoming: Tentative listing date4 Sep 2026
About
Promoter shareholding in Complete Sports and Management India Limited, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Rohit Rajesh Mathur | 75,05,000 | 50.00% | 75,05,000 | 36.50% |
| Abha Rohit Mathur | 51,48,430 | 34.30% | 51,48,430 | 25.04% |
| Rohan Rohit Mathur | 15,01,000 | 10.00% | 15,01,000 | 7.30% |
| Rajeshnarain Premnarain Mathur | 1,50,100 | 1.00% | 1,50,100 | 0.73% |
| Ratanmala Mathur | 1,50,100 | 1.00% | 1,50,100 | 0.73% |
| Rahul Mathur | 75,050 | 0.50% | 75,050 | 0.37% |
Financials of Complete Sports and Management India IPO
| Key Performance Indicators | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating Revenue | - | - |
| Other Income | - | - |
| Total Income | 110.35 | 117.09 |
| Total Expenses | 95.80 | 94.31 |
| Profit Before Tax | - | - |
| Total Profit | 11.41 | 18.18 |
Complete Sports and Management India IPO Strengths & Risks
- Exclusive distributorship for Brunswick Bowling products in India.
- Comprehensive end-to-end amusement and entertainment solutions platform with integrated consultancy and operations management capabilities.
- Experience across diverse leisure and hospitality segments.
- Forward Integration through the Establishment of our Owned Entertainment Centres under the "Duckpin - The Bowling Bistro" and "All Sett Go" Brands.
- Established relationships with international equipment manufacturers.
- Experienced promoters and management team with strong execution capabilities.
- Risks Relating to the Business: The company derived 80.53%, 65.55% and 80.45% of its revenue from the company's top ten customers for the Fiscals 2026, 2025 and 2024, respectively. The loss of any of these customers or reduction in business from such will have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's revenue is substantially dependent on demand for its amusement and entertainment solutions portfolio and related services. Any decline in demand for such offerings, changes in customer preferences, loss of significant customers, or adverse developments in the entertainment and leisure industry could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's purchases is substantially concentrated among a limited number of international manufacturers and suppliers, with its top ten suppliers accounting for 81.93%, 73.20% and 81.07% of the company's total purchases for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any disruption in the company's relationships with such manufacturers and suppliers could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company is the exclusive distributor of Brunswick bowling product LLC in certain jurisdictions, and revenues generated from Brunswick bowling equipment accounted for 50.21%, 34.42% and 50.67% of the company's revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively. Any loss of exclusivity, deterioration in the company's relationship with Brunswick, or disruption in the supply of Brunswick products could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is substantially dependent on demand from family entertainment centres, which accounted for 87.47%, 73.77% and 78.70% of its revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively, and on the company's ability to maintain long-term relationships with customers in its key end-user segments. Any adverse developments affecting such customer segments or relationships could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company has experienced negative cash flows in the past operating, investing and financing activities and may continue to do so in the future, which could materially and adversely affect its liquidity, financial condition, results of operations and ability to implement the company's growth plans.
- Risks Relating to the Business: A substantial portion of the company's revenue from operations is geographically concentrated in Maharashtra, Karnataka and Telangana, which collectively contributed 78.57%, 60.95% and 55.44% of its revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. The company also derive a portion of its revenue from export sales to a limited number of international jurisdictions. Any adverse developments affecting these geographies could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business depends, in part, on discretionary consumer spending, customer footfall at entertainment venues and general economic conditions that are beyond its control. Any adverse changes in such factors could adversely affect demand for the company's products and services and materially and adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is significantly dependent on the competence, experience, and reliability of its technicians, who are responsible for the on-site assembly, installation, testing, and commissioning of amusement equipment at customer locations. The nature of the company's products requires strict adherence to technical specifications, safety standards, and site-specific requirements, making the role of these technicians critical to ensuring safe and effective operation.
- Risks Relating to the Business: The company's recent growth in revenue may not be sustainable, and any slowdown in demand for its key products and services could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is dependent on consumer preferences, discretionary spending patterns and capital expenditure by operators of entertainment and leisure destinations, and any adverse changes in such factors could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business and certain of its customers' operations are dependent on the availability of an adequate and uninterrupted supply of power at commercially reasonable costs, and any prolonged disruption in power supply or significant increase in energy costs could materially and adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's Subsidiary may not achieve or sustain profitability, and any adverse financial performance of the Subsidiary could have an adverse effect on its consolidated financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's Subsidiary and certain of its Group Companies have incurred losses and have negative net worth in certain periods, which may adversely affect the company's reputation and could have an indirect adverse effect on its business, financial condition and prospects.
- Risks Relating to the Business: The company has experienced delays and certain non-compliances in the company's statutory filings in the past, and any past or future non-compliance with applicable regulatory requirements may expose it to regulatory action and could adversely affect its business, financial condition, results of operations and reputation.
- Risks Relating to the Business: Any accidents, equipment failures, safety incidents or mishaps involving the amusement equipment distributed, installed or serviced by it could expose the company to financial liabilities, legal proceedings and reputational harm, which may materially and adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company's success depends upon knowledge and experience of its Directors, Key Managerial Personnel, Senior Management and other key employees as well as the company's ability to attract and retain personnel with technical expertise. For the Fiscal 2026, Fiscal 2025 and Fiscal 2024, the Company's attrition rate for permanent employees was 19.54%, 37.43% and 28.57% respectively. The loss of or its inability to attract or retain such persons could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is subject to counterparty credit risk, and delays or defaults in client payments could materially and adversely affect its business, cash flows and financial condition.
- Risks Relating to the Business: The Company, Promoters, Directors, its Subsidiary and Group Companies are involved in certain legal and regulatory proceedings, and any adverse outcome in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's business depends, in part, on the value, recognition and reputation of its brands, and any failures to maintain, protect, enhance awareness of or successfully monetize the company's brands, including through its forward integration initiatives, could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is dependent on the effectiveness of its marketing, branding and promotional initiatives and on the experience and expertise of the company's Promoters and senior management, and any failures in such efforts could materially and adversely affect its business, financial condition, results of operations and growth prospects.
- Risks Relating to the Business: The company has not yet placed orders for a significant portion of the capital expenditure proposed to be financed from the Net Proceeds and any delay in procurement, implementation or cost escalation in relation to the proposed projects may result in time and cost overruns and could materially and adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank, financial institution or independent third party, and any variation in the utilisation of the Net Proceeds from the Issue would be subject to applicable legal and regulatory requirements, including obtaining the approval of the company's Shareholders in certain circumstances.
- Risks Relating to the Business: The company's expansion plans are dependent on its ability to identify and secure suitable locations for the company's proposed "Duckpin - The Bowling Bistro" entertainment centres, and any inability to identify, develop or operates such locations may materially and adversely affect the company's business, financial condition, results of operations and growth prospects.
- Risks Relating to the Business: The company's registered office and warehouses, including the premises used for the assembly of games, are not owned by it and are occupied on a lease, leave and licence or rental basis. Any inability to renew such arrangements, or to relocate the company's operations on commercially acceptable terms, could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business requires substantial working capital, and any inability to arrange or maintain adequate working capital may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company has entered into related party transactions in the past and may continue to do so in the future, which may give rise to actual or potential conflicts of interest and may not be on terms favourable to it or the company's public shareholders.
- Risks Relating to the Business: The company's insurance coverage may be inadequate to protect it against all potential losses, and any uninsured or underinsured loss, or any inability to obtain or maintain adequate insurance coverage on commercially acceptable terms, could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is subject to extensive statutory and regulatory requirements and requires it to obtain, maintain and renew various approvals, licenses, registrations and permits in the ordinary course of business. Any inability to obtain, maintain, amend or renew such approvals, licenses, registrations and permits, or any suspension, cancellation or revocation thereof, could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: There have been instances of delays in payment of certain statutory dues and filing of statutory returns in the past. Any further delays or non-compliance with applicable laws may expose it to regulatory actions, penalties and reputational risks, which could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company is exposed to operational risks, including cyber-attacks, fraud and theft, which could adversely affect its business, reputation, results of operations, financial condition and cash flows.
- Risks Relating to the Business: An inability to establish and maintain effective internal controls could lead to an adverse effect on the company's business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: An inability to comply with repayment and other covenants in the financing agreements or otherwise meet the company's debt servicing obligations could adversely affect its business, financial condition, cash flows and credit rating.
- Risks Relating to the Business: The company has not obtained credit ratings for its borrowing facilities, and any adverse rating or inability to obtain or maintain a rating in the future could materially and adversely affect the company's access to financing and the terms thereof.
- Risks Relating to the Business: The company has significant contingent liabilities, primarily relating to tax matters, which, if they materialize, could materially and adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: As on March 31, 2026, the Company has outstanding dues aggregating to Rs. 576.50 lakhs the company has outstanding dues payable to its creditors, and any failures or delay in payment of such dues may adversely affect the company's reputation, business and financial condition.
- Risks Relating to the Business: The average cost of acquisition of equity shares by the company's promoters may be lower than the price band and could result in a differential in returns between its promoters and public shareholders.
- Risks Relating to the Business: Certain of the company's Group Companies and its Subsidiary is authorised to engage in businesses that are similar to certain aspects of the company's business and potential conflicts of interest may arise on account of overlapping business activities and common shareholding and management, which could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is significantly dependent on the efficient functioning and security of its information technology systems, and any disruption, failures, or cyber incident may materially adversely affect the company's operations and financial performance.
- Risks Relating to the Business: The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Risks Relating to the Business: A portion of the Net Proceeds will be utilized for general corporate purposes, the specific deployment of which has not been identified and will be determined by the company's management in its discretion, subject to applicable laws. Any inability to deploy such funds effectively or in a timely manner could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company cannot assure you that its will be able to secure adequate financing in the future on acceptable terms. The company's failures to obtain sufficient financing could result in delay or abandonment of its business plans and this may have an adverse effect on the company's growth and operations.
- Risks Relating to the Business: The company's growth and expansion strategy may place significant demands on its management and operational resources, and the company's inability to effectively manage such growth could materially adversely affect its business and financial performance.
- Risks Relating to the Business: The company's Promoters may have interests other than reimbursement of expenses incurred and remuneration or benefits, which may result in a conflict of interest.
- Risks Relating to the Business: The company's Promoters along with the members of Promoter Group will continue to retain significant control in the Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Risks Relating to the Business: Most of the company's Directors does not have prior experience of serving as directors of listed companies, which may affect its ability to comply with the regulatory, governance and disclosure requirements applicable to listed companies and could adversely affect the company's business and operations.
- Risks Relating to the Business: The industry related disclosure in this Red Herring Prospectus has been derived from the D&B Report which the company has commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Risks Relating to the Business: There are no listed companies in India that are directly comparable to the company's business, which may limit investors' ability to evaluate the Company and could adversely affect the market price and liquidity of its Equity Shares.
- Risks Relating to the Business: Certain non-GAAP financial measures relating to the company's operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP financial measures are not measures of operating performance or liquidity defined by AS and may vary from any standard methodology that is applicable across the industry the company operates.
- Risks Relating to the Business: The company's Restated Financial Statements are prepared in accordance with Indian GAAP, which differs in certain material respects from other accounting principles, including IFRS and U.S. GAAP. Further, any future transition to Indian Accounting Standards (Ind AS) may result in the company's financial condition and results of operations appearing materially different and could adversely affect investors' assessment of the Company and the trading price of its Equity Shares.
- Risks Relating to the Business: Any failures, disruption or inadequacy of the company's information technology systems could adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The requirements associated with being a publicly listed company may place significant demands on the company's management and financial resources.
- Risks Relating to the Business: The Company may not be able to pay dividends in the future. Its ability to pay dividends in the future will depends upon the company's future earnings, financial condition, profit after tax available for distribution, cash flows, working capital requirements and capital expenditure and the terms of its financing arrangements.
