Complete Sports & Management
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Complete Sports & Management IPO

IPO Open Now
₹2,56,000
0.03 xOver-subscribed
Bidding Dates 28 Aug, 26 -01 Sept, 26
Min Investment ₹2,56,000
Lot Size1,000
Price Range ₹128 – ₹135
Issue Size ₹74.93 Cr.
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IPO Subscription Details
Retail Subscription Details
0.02 x
Non-Institutional Buyers (sHNI)
0.01 x
Non-Institutional Buyers (bHNI)
0.11 x
Qualified Institutional Buyers (QIB)
0 x
Total
0.03 x
IPO Timeline
IPO Offer Start
28 Aug,26
IPO Offer Ends
01 Sept,26
Allotment Finalisation
02 Sept,26
Refund Initiation
03 Sept,26
Listing of Shares
04 Sept,26

IPO Analysis

Strengths
Strenghts

The company is an authorized distributor of Brunswick Bowling Products LLC in India, Singapore, Malaysia and Indonesia since January 1, 2010, with expansion to additional territories in August 2025.

Strenghts

The company operates as an integrated provider spanning sourcing, distribution, installation, testing, commissioning, operations management, maintenance and advisory services across the project lifecycle.

Strenghts

The company has developed experience catering to club houses, corporate clients, family entertainment centres, hotels, residential complexes and resorts, reducing dependence on any single customer segment.

Risks
Risk

The company derived 80.53%, 65.55% and 80.45% of revenue from its top ten customers for Fiscals 2026, 2025 and 2024, respectively. Loss of any major customers or reduction in business from such customers could have a material adverse effect on business, financial condition, results of operations and cash flows.

Risk

The company's top ten suppliers accounted for 81.93%, 73.20% and 81.07% of total purchases for Fiscals 2026, 2025 and 2024, respectively. Any disruption in relationships with international manufacturers and suppliers could materially adversely affect business operations and supply chain continuity.

Risk

The company is the exclusive distributor of Brunswick bowling products in certain jurisdictions, with revenues from Brunswick equipment accounting for 50.21%, 34.42% and 50.67% of revenue from operations for Fiscals 2026, 2025 and 2024 respectively. Any loss of exclusivity or deterioration in this relationship could materially adversely affect business performance.

Objectives

The company proposes to fund capital expenditure requirements for purchasing gaming equipment and other capital equipment, including computers, printers, software, equipment, tools, and CCTV and safety equipment for its existing warehouse located at Bhiwandi, Maharashtra to undertake in-house assembly operations.

The company proposes to fund capital expenditure requirements for establishing a 'Duckpin – The Bowling Bistro' entertainment centre in Mumbai, Maharashtra as part of its forward integration strategy to expand into ownership and operation of integrated entertainment and leisure centres.

The company intends to repay and/or prepay, in full or in part, certain outstanding borrowings availed from banks and financial institutions to reduce existing borrowings, maintain favorable debt-equity ratio and enable utilization of internal accruals for business growth.

The company proposes to deploy the balance net proceeds towards general corporate purposes including acquisition of fixed assets, funding growth opportunities, strategic initiatives, brand building exercises, meeting expenses and other business requirements as determined by the Board.

Yearly Financial Results

Annual Financials
Mar 2025
Mar 2026
Revenue
110.35
117.09
Expenses
95.79
94.32
Other Income
1.07
1.67
Total Revenue
111.42
118.76
Profit Before Tax
15.62
24.44
Net Profit
11.41
18.18

Balance Sheet

Balance Sheet
Mar 2025
Mar 2026
Total Assets
69.78
83.26
Current Assets
58.32
67.52
Fixed Assets
11.46
15.74
Total Equity & Liabilities
69.78
83.26
Total Liabilities
45.20
40.54
Current Liabilities
44.49
38.22
Non Current Liabilities
0.70
2.32
Total Equity
24.58
42.72

Cash Flow

Cash Flow
Mar 2025
Mar 2026
Net Cash Flow
0.32
-0.02
Investing Activities
3.92
-2.07
Operating Activities
-3.09
-3.65
Financing Activities
-0.50
5.69

About Complete Sports & Management

Complete Sports and Management India Limited (CSML) is engaged in sourcing, trading and distribution of diversified amusement and leisure equipment, providing installation, commissioning, maintenance and related advisory services. The company operates across the amusement, entertainment and leisure infrastructure value chain, serving family entertainment centres, clubs, hotels, resorts, corporate clients and...more
Managing DirectorRohit Rajesh Mathur