Complete Sports & Management India IPO: Check Price Band, Timeline & Key Details
- Complete Sports & Management India files DRHP; IPO opens on 28-Aug-2026.
- FY2026 PAT grew 59.33% YoY to ₹18.18 Cr; Revenue grew 6.11% to ₹117.09 Cr.
- Proceeds earmarked for ₹39.88 Cr capex, ₹8.09 Cr for new entertainment centre, and ₹11.50 Cr debt repayment.
- Key risks include 80.53% customer concentration and negative operating cash flow of ₹382.09 Lakhs in FY2026.
- Exclusive distributor of Brunswick Bowling Products in India, Singapore, Malaysia, and Indonesia.
*this image is generated using AI for illustrative purposes only.
Complete Sports & Management’s IPO closed with a 3.2x overall subscription, driven by a massive late-day surge in QIB interest. The issue crossed the fully subscribed mark in the final hours of Day 3, with QIB jumping from 0.88x to 7.25x.
Final Subscription Status
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 28-08-2026 | 0.00x | 0.02x | 0.77x | 0.04x | 0.13x |
| Day 2 | 31-08-2026 | 0.00x | 0.12x | 0.77x | 0.16x | 0.20x |
| Day 3 | 01-09-2026 | 7.25x | 1.73x | 3.13x | 1.12x | 3.20x |
Category-wise Breakdown
- QIB: 7.25x (Surged +1971.4% intraday from 0.35x)
- NII (bHNI): 1.73x (Led by high-net-worth individual interest)
- NII (sHNI): 3.13x
- Retail: 1.12x
- Overall: 3.20x
Intra-day Momentum on Day 3
The subscription numbers picked up pace significantly after 1pm on the final day. QIB investors were the standout movers, jumping from 0.35x to 7.25x (+1971.4%). NII (bHNI) also saw strong momentum, rising from 0.22x to 1.73x (+686.4%).
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.35x | 0.22x | 0.30x | 0.48x |
| 12:15 | 0.35x | 0.24x | 0.34x | 0.50x |
| 13:15 | 0.67x | 0.39x | 0.42x | 0.65x |
| 14:15 | 0.88x | 0.48x | 0.51x | 0.77x |
| 15:15 | 4.82x | 0.62x | 0.60x | 1.99x |
| 16:15 | 7.25x | 1.73x | 1.12x | 3.20x |
| 17:15 | 7.25x | 1.73x | 1.12x | 3.20x |
About the Company
Complete Sports and Management India Limited (CSML), founded in 2002, is engaged in sourcing, trading, and distribution of diversified amusement and leisure equipment. The company provides installation, commissioning, maintenance, and advisory services across the amusement value chain. It is the authorized distributor of Brunswick Bowling products LLC in India, Singapore, Malaysia, and Indonesia. Promoters Rohit Rajesh Mathur (MD) and Abha Rohit Mathur (CEO) lead the management team.
Financial Highlights
| Particulars | FY 2025 (₹ crores) | FY 2026 (₹ crores) |
|---|---|---|
| Revenue from Operations | 110.35 | 117.09 |
| Total Profit (PAT) | 11.41 | 18.18 |
| Total Equity | 24.58 | 42.72 |
Revenue grew from ₹110.35 crores in FY 2025 to ₹117.09 crores in FY 2026. Profit after tax increased significantly to ₹18.18 crores from ₹11.41 crores.
Objects of the Issue
- Funding capital expenditure for gaming equipment at Bhiwandi warehouse: ₹39.88 crores
- Setting up 'Duckpin – The Bowling Bistro' entertainment centre in Mumbai: ₹8.09 crores
- Repayment and/or prepayment of outstanding borrowings: ₹11.50 crores
- General Corporate Purposes: Balance net proceeds
Risk Factors
- High Customer Concentration Risk: Top ten customers contributed 80.53% of revenue in Fiscal 2026.
- Dependence on Brunswick Bowling Products: Revenues from Brunswick equipment accounted for 50.21% of revenue in Fiscal 2026.
- Negative Cash Flow from Operations: Company reported negative cash flows from operating activities of ₹382.09 lakhs in Fiscal 2026.
What's Next
Allotment date is scheduled for 2026-09-02. The shares are expected to list on 2026-09-04. Basis of allotment will be determined by the registrar based on subscription levels.
How might the planned expansion into 'Duckpin – The Bowling Bistro' diversify CSML's revenue streams beyond traditional equipment distribution?
What strategies does CSML plan to implement to mitigate the risk of negative operating cash flows post-IPO?
Could the high dependency on Brunswick Bowling Products expose CSML to significant supply chain or contractual risks if that partnership changes?
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