Complete Sports and Management India IPO

About Complete Sports and Management India IPO

The Complete Sports and Management India Limited IPO, an SME IPO, opens on Friday, August 28, 2026 and closes on Tuesday, September 01, 2026. The allotment of shares will take place on Wednesday, September 02, 2026. The credit of shares to the demat account will take place on Thursday, September 03, 2026. The initiation of refunds will take place on Wednesday, September 02, 2026. The listing of shares will take place on Friday, September 04, 2026.

The offer consists of a fresh issue component. The fresh issue will include 55,50,000 shares aggregating up to ₹75 crore. The total number of shares is 55,50,000 aggregating up to ₹75 crore.

Complete Sports and Management India Limited IPO's price band is set at ₹128 to ₹135 per share. The lot size for an application is 1,000. The minimum amount of investment required by a retail investor is ₹2,70,000 (2,000 shares) based on the upper price band. The company sources, trades and distributes a diversified portfolio of amusement and leisure equipment, and provides installation, commissioning, maintenance and related advisory services.

Objectives of Complete Sports and Management India IPO

• Funding 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.
• Funding the capital expenditure requirements of the Company towards the setting up of the ‘Duckpin – The Bowling Bistro’ entertainment centre in Mumbai, Maharashtra.
• Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions.
• To meet general corporate purposes.

Industry Outlook

The Indian indoor amusement centre market grew from ₹34.8 billion in FY 2021 to ₹50.9 billion in FY 2025, a CAGR of 10.0% over the period. Arcade gaming zones led with a 40% share in FY 2025, translating to roughly ₹20.4 billion, while bowling alleys accounted for 22%, or about ₹11.2 billion. Multi-format centres are gaining ground. The market is projected to grow from ₹50.9 billion in FY 2025 to ₹93.7 billion by FY 2030, implying a CAGR of 13.0% over FY 2025–30. Annual additions are expected to accelerate. Non-metro markets and larger average centre sizes are expected to contribute more of the growth. As a distributor and installer of amusement equipment and an operator of owned entertainment destinations, the company is positioned across the value chain that underpins this expansion.

About Complete Sports and Management India

The company sources, trades and distributes amusement and leisure equipment across India and overseas. Its portfolio spans bowling solutions, arcade games, soft play areas, trampoline parks, laser tag systems, bumper cars, go-karting systems and cashless gaming systems. It also provides installation, commissioning, maintenance and advisory services. Two verticals organise the business: distribution, supply and installation; and consultancy and management services.

The company is the authorised distributor of Brunswick Bowling Products LLC across India, Singapore, Malaysia and Indonesia, an arrangement first entered into for India on January 1, 2010 and expanded to the three South-East Asian territories on August 28, 2025. Brunswick bowling equipment contributed 50.21% of revenue from operations in FY 26. It also sources from international manufacturers including Baohui, Coastal Amusements, Elaut, Intercard, Bandai Namco and Sega.

Family entertainment centres are the company's largest customer segment, accounting for 87.47% of revenue from operations in FY 26. Revenue is geographically concentrated in Maharashtra, Karnataka and Telangana.

Strengths of Complete Sports and Management India

• 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.

Risks of Complete Sports and Management India

• Purchases are concentrated among a limited number of international manufacturers, and disruption to these supplier relationships could affect the Company's ability to fulfil orders.
• Revenue depends heavily on the Brunswick distributorship, and any termination or non-renewal of that arrangement would remove a large share of bowling-solutions revenue.
• The company recorded negative net cash flows from operating, investing and financing activities in certain past years, which could constrain liquidity if it recurs.
• Revenue is geographically concentrated in Maharashtra, Karnataka and Telangana, exposing the Company to adverse local economic or regulatory developments in those states.

Peer Comparison

There are no listed companies in India engaged in a business similar to that of the Company. Accordingly, no comparison of the key performance indicators of the Company with those of industry peers has been provided.

Anchor Investor Bidding Date

Thursday, August 27, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Bigshare Services Private Limited
Phone: +91 - 022 - 6263 8200
Email: ipo@bigshareonline.com

Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited

Complete Sports and Management India Contact Details
B-223 - 226, 2nd Floor, Chintamani Plaza, Mohan Studio Compound, Andheri
Kurla Road, Chakala, Andheri (East), Mumbai - 400099, Maharashtra, India
Tel: 022 - 49739657
E-mail: investors@csmlindia.com

Complete Sports and Management India Business Model

The company earns its revenue through the sourcing, trading and distribution of amusement and entertainment equipment, together with installation, commissioning, maintenance and advisory and consultancy services. Its two verticals are distribution, supply and installation of equipment, and consultancy and management services. Revenue is generated from equipment sales to family entertainment centres, clubs, hotels, corporate clients, resorts and residential developments, from project execution and after-sales support, and, increasingly, from owned entertainment destinations that sell directly to consumers under the ‘Duckpin – The Bowling Bistro’ and ‘All Sett Go’ brands. The Brunswick distributorship anchors the bowling-solutions stream, while relationships with multiple international manufacturers support the broader arcade and gaming portfolio.

Complete Sports and Management India Growth Trajectory

Complete Sports and Management India Limited's Total Income for FY26 was ₹115.20 crore, whereas in FY25 and FY24 it was ₹111.42 crore and ₹82.61 crore, respectively. The Profit After Tax for FY26 was ₹17.95 crore, whereas in FY25 and FY24 it was ₹11.41 crore and ₹10.12 crore, respectively.

Their EBITDA for FY26 was ₹23.29 crore, whereas in FY25 and FY24 it was ₹14.78 crore and ₹12.66 crore, respectively.

Complete Sports and Management India Limited Market Position

The Company operates across the amusement, entertainment and leisure infrastructure value chain, serving customers across 16 states and two union territories. Its distribution reach is anchored by the Brunswick Bowling Products distributorship for India, Singapore, Malaysia and Indonesia, and by sourcing relationships with international manufacturers across the United States, China, the United Kingdom, France and other territories. Its customer portfolio includes Timezone, Malpani Arcade Private Limited, Snow World Entertainment, Prasuk Jain Hospitality and TORQ03 Sports & Adventures. The Company had 136 permanent employees as on July 31, 2026.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹ 115.20 crore, ₹ 17.95 crore, and ₹ 23.29 crore, respectively.

How to apply for Complete Sports and Management India IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.