Complete Sports & Management India IPO Opens August 28
Complete Sports & Management India Limited is preparing to enter the SME IPO market, with its public issue scheduled to open on August 28, 2026, and close on September 1, 2026.
The company has fixed a price band of ₹128 to ₹135 per share. At the upper band, the IPO is expected to raise approximately ₹74.93 crore through a fresh issue of 55.50 lakh equity shares. There is no Offer for Sale component.
The shares are proposed to list on the BSE SME platform on September 4, 2026.
Complete Sports & Management India IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Price Band | ₹128 – ₹135 |
| Face Value | ₹10 per share |
| Lot Size | 1,000 Shares |
| Retail Minimum | 2,000 Shares |
| Minimum Investment | ₹2.70 Lakh |
| Issue Size | Approx. ₹74.93 Cr |
| Fresh Issue | 55.50 Lakh Shares |
| OFS | Nil |
| Issue Type | Book Built SME IPO |
| Listing Exchange | BSE SME |
| Allotment | September 2, 2026 |
| Listing Date | September 4, 2026 |
Under the current SME application structure, an individual investor needs to apply for at least 2,000 shares, requiring approximately ₹2.70 lakh at the upper price band.
What Does Complete Sports & Management India Do?
Complete Sports & Management India operates in the broader sports, gaming, entertainment and recreational activities space.
Its business model is different from a conventional manufacturing or technology SME IPO. The company combines sports and entertainment-related operations with gaming infrastructure and recreational concepts.
This gives investors exposure to India's growing organised leisure and entertainment market, where consumers are increasingly spending on experiences rather than only physical products.
Strong Profit Growth Ahead of IPO
The company's latest financial performance shows moderate revenue growth but a much stronger increase in profitability.
| Financial Metric | FY2025 | FY2026 |
|---|---|---|
| Revenue | ₹111.42 Cr | ₹118.76 Cr |
| PAT | ₹11.41 Cr | ₹18.18 Cr |
Revenue increased by around 6.6%, while PAT jumped approximately 59.3% during FY2026.
This difference is important.
The company did not need exceptionally high revenue growth to deliver a significant improvement in earnings, suggesting better profitability during the latest financial year.
The reported RoNW is around 42.3%, another figure investors may watch while evaluating the IPO valuation.
IPO Is Entirely a Fresh Issue
A positive feature of the IPO structure is that there is no Offer for Sale.
All 55.50 lakh shares being offered are fresh equity shares. This means the capital raised, after IPO expenses, will be available to the company for its stated business requirements rather than being paid to selling shareholders.
The company has outlined several specific uses for the fresh capital.
₹39.88 Crore Planned for Gaming Equipment
The largest planned allocation is approximately ₹39.88 crore toward capital expenditure.
The company intends to purchase gaming equipment and other assets for its existing warehouse in Bhiwandi, Maharashtra.
The planned investments include gaming equipment as well as computers, printers, software, tools, CCTV systems and safety equipment.
This investment could help Complete Sports expand the scale and capabilities of its entertainment operations.
New Duckpin Bowling Centre Planned in Mumbai
Another interesting use of IPO proceeds is the development of a new entertainment centre.
Approximately ₹8.09 crore is proposed for setting up “Duckpin – The Bowling Bistro” in Mumbai.
Duckpin bowling is a variation of traditional bowling using smaller balls and pins. Combining the activity with a food-and-entertainment concept could help the company target consumers looking for social and recreational experiences.
The success of the centre will depend heavily on location, customer footfall, pricing and operating efficiency.
₹11.50 Crore for Debt Repayment
The company also plans to use approximately ₹11.50 crore from the IPO proceeds toward repayment or prepayment of certain outstanding borrowings.
Reducing debt can lower interest expenses and improve financial flexibility.
For a business planning additional entertainment infrastructure, maintaining a manageable balance sheet will be important because new centres require upfront capital before reaching stable utilisation.
India's Experience Economy Creates Opportunity
Urban consumers are increasingly spending on recreational activities such as gaming centres, bowling, sports experiences, restaurants and entertainment venues.
This trend can create opportunities for businesses capable of combining sports + gaming + food + social experiences.
Complete Sports' planned Duckpin concept fits into this broader shift.
However, entertainment businesses can also be sensitive to consumer spending. During periods of economic weakness, households may reduce discretionary spending.
Expansion Execution Will Be Important
The IPO provides Complete Sports with significant new capital relative to its existing business scale.
The challenge will be using that capital efficiently.
Buying new gaming equipment does not automatically guarantee higher profits. The company needs enough customer demand and utilisation to generate attractive returns from those assets.
Similarly, the new Mumbai entertainment centre needs to achieve sufficient footfall to cover rent, employees, maintenance and other operating expenses.
Complete Sports & Management IPO GMP Today
As of August 24, 2026, the latest available grey-market tracking shows ₹0 GMP for Complete Sports & Management India IPO.
With the IPO opening on August 28, grey-market activity may still change as the subscription date approaches.
GMP is unofficial and unregulated, so it should not be treated as a guaranteed indication of listing performance.
What Looks Positive?
Complete Sports enters the IPO after a strong improvement in profitability, with PAT rising from ₹11.41 crore in FY2025 to ₹18.18 crore in FY2026 despite comparatively modest revenue growth.
The IPO is also entirely a fresh issue, and the proceeds have clearly identified uses including business expansion, gaming equipment, a new entertainment centre and debt reduction.
These investments could create new revenue opportunities if executed successfully.
Key Risks to Watch
The company's business is linked to discretionary entertainment spending, making consumer demand an important risk.
New gaming equipment and entertainment centres also require significant upfront investment. Weak utilisation could reduce returns on that capital.
Investors should additionally consider the liquidity risks associated with a BSE SME listing, where trading volumes can be lower and share-price volatility higher than on the mainboard.
Final View on Complete Sports & Management India IPO
The Complete Sports & Management India IPO opens from August 28 to September 1, 2026, at a price band of ₹128–₹135 per share. The approximately ₹74.93 crore issue is entirely fresh equity, with BSE SME listing scheduled for September 4.
The financial trend ahead of the IPO is encouraging: FY2026 revenue reached ₹118.76 crore, while PAT increased sharply to ₹18.18 crore.
The next growth phase will depend on how successfully the company deploys IPO funds into gaming infrastructure, the new Mumbai Duckpin entertainment centre and debt reduction.
For investors, the key points to watch are the company's IPO valuation, expansion execution, profitability and whether its new entertainment assets can generate sustainable returns after listing.
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