Complete Sports & Management India IPO

SME • BSE SME • Fresh capital only

LISTEDSMEBSE SME

Complete Sports & Management India

Price band

₹128 – ₹135

Lot size

1000 shares

Min investment

₹1,35,000

Issue size

₹74.93 Cr

About the company

Complete Sports and Management India Limited was started in 2002. The company sources, trades and distributes amusement and leisure equipment, and also installs it, commissions it, maintains it and gives consultancy on it. In simple words it sets up and supports the games and rides that entertainment centres run on. Its product range covers complete bowling centre solutions for theme parks, family entertainment centres, malls, resorts and hotels, arcade games for different age groups and venue sizes, soft play systems and trampoline parks for clubhouses, hotels and residential complexes, laser tag systems for indoor centres and theme parks, and other equipment such as bumper cars and go-karting. On the services side it offers consultancy and runs venues for clients under management contracts. The company is the exclusive distributor for Brunswick Bowling Products in India. It has also moved a step forward in the chain by opening its own entertainment centres under the brand Duckpin, The Bowling Bistro. It operates in both India and Singapore. As on 31 July 2026 it had 136 employees.

Complete Sports and Management India Limited sources, distributes and installs amusement and leisure equipment such as bowling lanes, arcade games, laser tag, soft play systems and trampoline parks. Running since 2002, it is the exclusive distributor for Brunswick Bowling Products in India and operates in India and Singapore.

IPO details

Issue price: ₹135
Price band: ₹128 – ₹135
Face value: ₹10
Lot size: 1000
Min investment: ₹1,35,000
Issue size: ₹74.93 Cr
Sale type: Fresh capital only
Listing on: BSE SME
BSE scrip code: 7915
NSE symbol: CSML.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,000	₹1,35,000
Retail (Max)	1	1,000	₹1,35,000
HNI (Min)	2	2,000	₹2,70,000

Investor reservation

CATEGORY	RESERVED
QIB	26,32,000 shares (49.94% of the Offer)
NII	7,92,000 shares (15.03% of the Offer)
Retail	18,46,000 shares (35.03% of the Offer)

Objects of the issue

1Funding the capital expenditure requirements of the Company towards the purchase of gaming equipment and other capital equipment, including computers, printers and software, equipment and tools, and CCTV and safety equipment, for its existing warehouse located at Bhiwandi, Maharashtra.39.88

2Funding the capital expenditure requirements of the Company towards the setting up of the 'Duckpin – The Bowling Bistro' entertainment centre in Mumbai, Maharashtra.8.09

3Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions11.50

4General Corporate Purpose

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025
Assets	83.26	69.78
Total Income	118.76	111.42
Profit After Tax	18.18	11.41
Reserves and Surplus	27.71	24.57
Total Borrowing	8.99	2.19

Key performance indicators

P/E Ratio

15.27

EPS (₹)

8.84

RoCE

47.97%

RoNW

42.27%

PAT Margin

15.81%

✓ Strengths

• Profit grew strongly in the last year, up 59% from Rs 11.41 crore in FY2025 to Rs 18.18 crore in FY2026.

• Sales also grew, from Rs 111.42 crore in FY2025 to Rs 118.76 crore in FY2026, and total assets rose from Rs 69.78 crore to Rs 83.26 crore.

• It holds the exclusive distributorship for Brunswick Bowling Products in India, which is a recognised global name in bowling equipment.

• The company does the full job, from supplying the equipment to installing, commissioning and maintaining it, and also offers consultancy, so it earns after the sale as well.

• The product range is wide, covering bowling, arcade games, laser tag, soft play, trampoline parks, bumper cars and go-karting, so it is not tied to one format.

• Borrowing is low at Rs 8.99 crore as on 31 March 2026.

• Most of the issue money goes into growth. About Rs 39.88 crore is for gaming and other equipment at its Bhiwandi warehouse and Rs 8.09 crore for a new Duckpin entertainment centre in Mumbai.

• It has an operational presence in Singapore as well as India, and it is moving forward in the chain by running its own centres.

⚠ Risks

• Only two years of financial data are given in the offer document, FY2025 and FY2026, which is a short record to judge the company on.

• The EBITDA and net worth rows are missing from the financial data available, so the operating margin and the exact own funds position cannot be checked.

• Sales grew only about 7% while profit grew 59%. The profit jump came mainly from better margin, which may not repeat.

• Borrowing rose about four times in one year, from Rs 2.19 crore to Rs 8.99 crore.

• This is largely a sourcing and distribution business, so it buys equipment made by others and resells it. Such businesses depend on holding on to their distribution rights.

• The exclusive Brunswick distributorship is a major strength but also a single point of dependence. If that arrangement ended, a core part of the business would be affected.

• Amusement and leisure spending is discretionary and cyclical. Malls, theme parks and family entertainment centres cut back on new equipment when consumer spending slows.

• The Duckpin owned centre business is new and unproven, and running venues is a different skill from supplying equipment.

• The pre issue and post issue promoter holding is not stated in the available data, so the extent of promoter dilution is not clear.

• This is an SME issue. One lot is 1,000 shares, which is Rs 1.35 lakh at the upper band of Rs 135, and SME shares usually trade in low volume after listing.

Promoters & holding

Rohit Rajesh Mathur, Abha Rohit Mathur and Rohan Rohit Mathur

Pre-issue promoter holding

96.8%

Post-issue promoter holding

70.67%

Data refreshed 07 Nov 2026, 05:03 pm IST. GMP is unofficial market sentiment, not investment advice.