Complete Sports & Management IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: August 25, 2026

Complete Sports and Management India Limited, an established provider of end-to-end amusement and leisure solutions, is gearing up to make its primary market debut with an upcoming ₹74.93 Crore SME IPO. Known for holding exclusive distribution rights for global brands like Brunswick Bowling, the company offers a diverse portfolio of entertainment infrastructure, including soft play systems, trampoline parks, laser tag arenas, bumper cars, and go-karting setups. The company operates a robust B2B and B2C business model, supplying these recreational assets to clubhouses, corporate clients, family entertainment centres (FECs), hotels, and resorts across India and select international markets. The subscription window for this book-built issue opens on August 28 and closes on September 1, 2026. The price band is set between ₹128 to ₹135 per equity share, comprising entirely of a fresh issue of ₹74.93 Crore with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily for massive capital expenditures—specifically funding gaming equipment for its Bhiwandi warehouse and establishing its new owned entertainment centre, “Duckpin – The Bowling Bistro” in Mumbai—alongside debt repayment and general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this fast-growing leisure and entertainment infrastructure player. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!



Complete Sports & Management IPO Details

Quick IPO Factsheet

Bidding Opens

August 28, 2026

Bidding Closes

September 1, 2026

Price Band

₹128 to ₹135

Lot Size

1,000 Shares

(Min. 2 Lots for Retail)
Total Issue Size

₹74.93 Cr

Fresh Issue Size

₹74.93 Cr

Retail Category

35.03% Allocation

Face Value

₹10 Base

Market Structure

SME (BSE SME)




Complete Sports & Management IPO Timeline

IPO Open Date August 28, 2026
IPO Close Date September 1, 2026
Basis of Allotment September 2, 2026
Initiation of Refunds September 3, 2026
Credit to Demat Account September 3, 2026
BSE SME Listing Date September 4, 2026



Deep-Dive Corporate Profile: What Does Complete Sports and Management India Limited Do?

Incorporated in 2002, Complete Sports and Management India Limited operates in a highly specialized, niche market: the rapidly growing amusement, entertainment, and leisure infrastructure sector. Rather than just operating entertainment zones, they are a primary B2B backbone for the industry, providing end-to-end solutions to customers for the development and operation of premium entertainment destinations.

Their business spans across sourcing, trading, distributing, and installing a highly diversified portfolio of leisure equipment. When a new mall, clubhouse, or resort wants to build a gaming zone, Complete Sports manages the entire lifecycle—from consulting and layout design to installation, commissioning, and long-term maintenance.

Their core offerings and business highlights include:

  • Diverse Amusement Portfolio: The company supplies heavy recreational infrastructure including commercial arcade setups, premium soft play systems, trampoline parks, laser tag arenas, bumper cars, and professional go-karting tracks.
  • Global Brand Distribution: They hold exclusive and strategic distribution rights for massive global brands, most notably serving as a primary distributor for Brunswick Bowling, allowing them to supply world-class bowling infrastructure nationwide.
  • Integrated Consultancy Services: Beyond just selling equipment, they provide complete turnkey consulting solutions for commercial clients, helping them design profitable family entertainment centres (FECs).
  • Vast Client Base: Their B2B clients include premium clubhouses, corporate campuses, luxury hotels, resorts, and dedicated family entertainment hubs across India and select international territories.


Why is the Company Raising Funds? (Objects of the Issue)

The Complete Sports and Management IPO is a 100% fresh equity issue sized at ₹74.93 Crore. Because there is absolutely no Offer for Sale (OFS) component, the promoters are not cashing out. Instead, every rupee raised will be injected directly into the company's accounts to fuel massive infrastructure expansion and transition into direct B2C operations.

The company intends to utilize the net proceeds for the following strategic objectives:

  • Capital Expenditure for Bhiwandi Operations (₹38.51 Crore): The largest chunk of the funds will be allocated to their existing warehouse located in Bhiwandi, Maharashtra. This covers the purchase of extensive gaming equipment, essential capital tools, IT infrastructure (computers, software), and high-end CCTV/safety equipment to expand their B2B supply capabilities.
  • Debt Repayment (₹11.50 Crore): The company will aggressively deleverage its balance sheet by repaying or prepaying outstanding borrowings availed from banks and financial institutions, which will significantly reduce interest burdens and boost bottom-line profitability.
  • Setting up "Duckpin – The Bowling Bistro" (₹8.08 Crore): In a major strategic pivot toward the highly profitable B2C segment, the company is funding the establishment of its own flagship entertainment centre and bistro in Mumbai, Maharashtra.
  • General Corporate Purposes: The remaining balance will be deployed for routine operational needs, working capital requirements, and overarching brand-building exercises.

🏗️ Capex (Warehouse) 53.22%
🏛️ General Corporate 20.63%
💳 Debt Repayment 15.35%
🎳 Capex (Bistro) 10.80%



Company Financials

*All amounts are in ₹ Crores
📅 Period Ended 📈 Total Income 💼 Net Worth 💰 PAT 🏦 Assets
FY 2024 ₹82.60 ₹13.17 ₹10.12 ₹47.02
FY 2025 ₹111.42 ₹24.58 ₹11.41 ₹69.78
FY 2026 ₹118.76 ₹42.46 ₹18.18 ₹83.26



Complete Sports & Management IPO Key Performance Indicators (KPIs)

Financial KPI (FY26)* Value
Return on Equity (ROE) 53.55% (FY26)
Return on Capital Employed (ROCE) 47.97% (FY26)
EBITDA Margin 13.39% (FY26)
PAT Margin 15.81% (FY26)
Debt to Equity Ratio 0.21 (FY26)
Return on Net Worth (RoNW) 42.27% (FY26)
Earnings Per Share (EPS) ₹12.11 (Pre-IPO) | ₹8.84 (Post-IPO)
Price/Earning (P/E) Ratio 11.15x (Pre-IPO) | 15.27x (Post-IPO)
Net Asset Value (NAV) ₹28.29 (Pre-IPO)



Promoters & Shareholding Pattern

Shareholder Category Pre-IPO Holding Post-IPO Holding
Promoter & Promoter Group 96.80% ~59.82%
Public / Institutional / Others 3.20% ~40.18%
💡
Smart Market Insights

Complete Sports and Management India Limited is an established provider of end-to-end amusement and leisure solutions. The company is promoted by Rohit Rajesh Mathur, Abha Rohit Mathur, and Rohan Rohit Mathur. Prior to this issue, the promoter group held a dominant 96.80% equity stake. Post-issue, factoring in the ₹74.93 Crore fresh equity dilution (with zero Offer for Sale), the promoter holding will adjust to ~59.82%. The strategic capital expenditure allocation for their Bhiwandi warehouse and the new "Duckpin – The Bowling Bistro" highlights a move to aggressively expand their B2B equipment supply capacity and B2C entertainment reach, positioning the company to capture growing demand and scale top-line revenue for new shareholders.

Industry Peer Comparison

Company Name EPS (₹) P/E Ratio (Post-IPO) RoNW (%)
Complete Sports and Management (IPO) 8.84 15.27 42.27%
Listed Industry Peers N/A N/A N/A

*As per the official RHP, there are no listed companies in India engaged in a business similar to that of Complete Sports and Management India Limited.



IPO Strengths & Key Risks

Strengths
End-to-End Service Capabilities: The company provides comprehensive end-to-end solutions spanning amusement equipment sourcing, project execution, installation, commissioning, maintenance, and consulting.
Exclusive Global Partnerships: They serve as the authorized and exclusive distributor for Brunswick Bowling product LLC across India, Singapore, Malaysia, and Indonesia.
Diversified Client Portfolio: Complete Sports and Management serves a broad and diversified customer base that includes Family Entertainment Centres (FECs), premium hotels, resorts, clubs, residential developments, and corporate clients.
Strong Global Supply Chain: Beyond their Brunswick exclusivity, the company is supported by established relationships with various international amusement equipment manufacturers, allowing them to secure a diverse portfolio of heavy recreational infrastructure.
Key Risks
Severe Client & Segment Concentration: The company derived a massive 80.53% of its FY26 revenue from its top ten customers alone. Furthermore, 87.47% of their operations rely heavily on demand from Family Entertainment Centres (FECs), making them highly vulnerable to sector-specific downturns.
Over-Reliance on Brunswick Bowling: Revenues generated exclusively from Brunswick bowling equipment accounted for 50.21% of their total operations in FY26. Any loss of this exclusivity or supply disruption could severely impact profitability.
High Supplier Dependency: Purchases are substantially concentrated among a limited number of international manufacturers, with their top ten suppliers accounting for 81.93% of total inventory purchases in FY26.
Historical Negative Cash Flows: The business has experienced negative cash flows in past operating, investing, and financing activities. If this trend continues, it could materially constrain their liquidity and ability to execute their aggressive growth plans.



💡

Smart Market Insights

Wealthova Verdict: SUBSCRIBE (FOR MEDIUM TO LONG TERM)

Complete Sports and Management India Limited has carved out a profitable niche as an end-to-end B2B infrastructure partner in India's expanding amusement, sports, and family leisure sector. Holding exclusive distribution rights for global industry leader Brunswick Bowling across India and parts of Southeast Asia, the company delivers turnkey solutions—ranging from bowling alleys and trampoline parks to laser tag and arcade systems—for prominent Family Entertainment Centres (FECs), premium clubs, resorts, and corporate campuses. This structural demand for lifestyle entertainment has translated into strong financial momentum, with total income scaling to ₹118.76 Crore in FY26, alongside a robust Profit After Tax (PAT) of ₹18.18 Crore.

From a balance sheet perspective, Complete Sports demonstrates outstanding capital efficiency, clocking a Return on Net Worth (RoNW) of 42.27%, an ROCE of 47.97%, and a healthy PAT margin of 15.31%. The primary catalyst for incoming investors is that this ₹74.93 Crore IPO is a 100% fresh issue. Deploying ₹39.88 Crore towards inventory and equipment at their Bhiwandi warehouse and ₹8.09 Crore to launch their owned entertainment bistro ("Duckpin – The Bowling Bistro" in Mumbai) creates a direct pathway for capacity and margin expansion, while ₹11.50 Crore in debt reduction will keep the balance sheet lean. However, investors must weigh genuine business risks: extreme client concentration (top 10 customers contributed 80.53% of FY26 revenue), heavy reliance on Brunswick Bowling products (50.21% of revenue), and past instances of negative operating cash flows.

At the upper price band of ₹135 per share, the issue is valued at a post-IPO P/E multiple of 15.27x (based on FY26 post-issue EPS of ₹8.84). While there are no directly comparable listed peers on Indian exchanges, an earnings multiple around 15x is reasonably priced for a specialized player delivering >40% return ratios and virtually negligible debt (0.21 D/E). For investors comfortable with SME liquidity conditions and the required minimum retail ticket size of ₹2.70 Lakh (2 lots / 2,000 shares) on the BSE SME platform, this issue presents a fundamentally sound growth opportunity for medium to long-term wealth creation.

Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.



Complete Sports & Management IPO Key Contacts & Advisors

Role / Entity Contact & Details
📋 IPO Registrar Bigshare Services Pvt. Ltd.

Office No S6-2, 6th floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai 400 093, Maharashtra, India

🏢 Company Contact Complete Sports and Management India Limited

B-223-226, 2nd Floor, Chintamani Plaza, Mohan Studio Compound, Andheri Kurla Road, Chakala, Andheri (East), Mumbai 400 099, Maharashtra, India

Website: csmlgroup.com
💼 Merchant Bankers Smart Horizon Capital Advisors Pvt. Ltd.

Book Running Lead Manager

Address: B/908, Western Edge II, Kanakia Space, Off Western Express Highway, Magathane, Borivali East, Mumbai 400 066, Maharashtra, India
Website: shcapl.com



Frequently Asked Questions (FAQs)

What are the opening and closing dates for the Complete Sports and Management IPO?
The Complete Sports and Management IPO opens for subscription on August 28, 2026, and closes on September 1, 2026. The basis of allotment will be finalized on September 2, 2026, with the official stock market listing scheduled on the BSE SME platform for September 4, 2026.
What is the minimum lot size and investment required for retail investors?
Retail investors are required to apply for a minimum of 2 lots (2,000 shares). At the upper price band of ₹135 per share, the minimum retail investment required is ₹2,70,000.
How can I check the allotment status for the Complete Sports and Management IPO?
You can check your Complete Sports and Management IPO allotment status online starting September 2, 2026, using any of the following methods:
  1. Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
  2. Official Registrar Portal: Visit the official allotment portal of Bigshare Services Pvt. Ltd.
  3. Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.
Where will the Complete Sports and Management IPO be listed?
Complete Sports and Management India Limited is an SME public issue, and its equity shares will be listed exclusively on the BSE SME platform on September 4, 2026.
What is the total issue size and price band for the IPO?
The total issue size is ₹74.93 Crore, consisting entirely of a Fresh Issue of ₹74.93 Crore with absolutely no Offer for Sale (OFS) component. The book-built price band is set between ₹128 to ₹135 per equity share.
Who is the registrar and lead manager for this public issue?
Bigshare Services Pvt. Ltd. is acting as the official IPO Registrar. The Book Running Lead Manager for the issue is Smart Horizon Capital Advisors Pvt. Ltd.