Complete Sports and Management IPO: Can Amusement and Leisure Become the Next Growth Story?

Complete Sports and Management IPO: Can Amusement and Leisure Become the Next Growth Story?

The Complete Sports and Management IPO offers investors exposure to a niche but growing segment of India’s amusement and leisure industry. Unlike its name may suggest, the company does not mainly manage sports teams. It sources, distributes and installs amusement and leisure equipment and provides maintenance, consultancy and project-management services. With plans to expand its equipment business and develop entertainment centres, investors need to assess whether its growth vision justifies the IPO valuation.

Complete Sports and Management IPO Details

Particular	Details
Issue Size	₹74.93 crore
Price Band	₹128–₹135 per share
Lot Size	1,000 shares
Minimum Bid	2,000 shares
Minimum Investment	₹2.70 lakh
IPO Opens	August 28, 2026
IPO Closes	September 1, 2026
Allotment Date	September 2, 2026
Listing Date	September 4, 2026
Listing Platform	BSE SME
Issue Type	Fresh Issue

Complete Sports and Management IPO GMP

The latest available GMP is around ₹0. At the upper price band of ₹135, this indicates no premium over the issue price. However, GMP is an unofficial market indicator and can change rapidly. Investors should therefore avoid using GMP alone to predict listing performance.

Business Overview

Complete Sports and Management India Limited has operated since 2002. It supplies amusement equipment such as bowling systems, arcade games, trampolines and other leisure equipment. It also provides installation, commissioning, maintenance and advisory services. The company has an authorised distribution relationship with Brunswick Bowling and serves family entertainment centres, hotels, resorts, clubs and corporate clients.

Financial Performance

Financial Metric	FY24	FY25	FY26
Revenue from Operations	₹81.50 cr	₹110.35 cr	₹113.56 cr
EBITDA	₹12.66 cr	₹14.78 cr	₹23.29 cr
EBITDA Margin	15.54%	13.39%	20.51%
PAT	₹10.12 cr	₹11.41 cr	₹17.95 cr
Total Debt	₹2.14 cr	₹2.19 cr	₹8.99 cr

P/E, P/B and P/S Valuation

Valuation Metric	Approx. Value
Market Capitalisation	₹277.56 cr
P/E Ratio	15.27x
P/B Ratio	2.36x
P/S Ratio	~2.37x
EV/EBITDA	12.26x
Debt-to-Equity	0.21x

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Future Business Vision

The company aims to strengthen its equipment distribution business, expand its project-management capabilities and develop owned entertainment centres. Its “Duckpin – The Bowling Bistro” initiative could create recurring revenue, but it also introduces execution and customer-footfall risks.

Strengths

Strong FY26 profit growth.
Established presence since 2002.
Brunswick Bowling distribution relationship.
Low debt-to-equity ratio of 0.21x.

Risks

Revenue growth has moderated.
Debt increased sharply in FY26.
Business depends on discretionary spending.
SME shares can face higher volatility and lower liquidity.

Conclusion

Complete Sports and Management IPO combines strong profit growth, a niche business and expansion potential. Its valuation looks broadly reasonable on P/E, while rising debt, moderate revenue growth and SME-market risks require caution. With GMP currently at ₹0, listing sentiment is neutral. The IPO may suit high-risk investors seeking long-term growth, but investors should track revenue, margins, debt and execution after listing.

FAQs

1. What is the Complete Sports and Management IPO price band?

Ans: The price band is ₹128 to ₹135 per share.

2. What is the latest Complete Sports and Management IPO GMP?

Ans: The latest available GMP is around ₹0. GMP is unofficial and can change.

3. What is the minimum investment?

Ans: One lot contains 1,000 shares, requiring ₹1.35 lakh at the upper price band.

4. Is Complete Sports and Management profitable?

Ans: Yes. The company reported PAT of ₹18.18 crore in FY26, compared with ₹11.41 crore in FY25.

5. Is the IPO valuation reasonable?

Ans: The post-issue P/E of around 15.27x appears reasonable, but investors should also consider the high P/B valuation and SME-related risks.

Disclaimer: Complete Sports and Management IPO may offer growth potential, but investors should assess GMP, valuation, financials, debt and risks before investing. GMP can change.