Complete Sports & Management India IPO Opens Aug 28, 2026
By IPO Desk
Complete Sports & Management India (CSML) IPO opens August 28, 2026. Learn about their expansion plans, financial performance, and IPO details.
Complete Sports & Management India Limited (CSML) has scheduled its IPO to open on August 28, 2026, closing on September 1, 2026, with listing expected by September 4, 2026. The Mumbai-based company, founded in 2002, specializes in amusement and leisure equipment, providing end-to-end solutions.
Financial Performance Overview
CSML reported consolidated revenue from operations rising to ₹117.09 Cr in FY2026, up from ₹110.35 Cr in FY2025. Profit After Tax (PAT) also saw a significant increase in the same period.
- Consolidated Revenue (FY2026): ₹117.09 Cr
- Consolidated Revenue (FY2025): ₹110.35 Cr
- Profit After Tax (FY2026): ₹18.18 Cr
- Profit After Tax (FY2025): ₹11.41 Cr
The company, however, noted negative cash flows from operating activities in FY2026, indicating potential working capital issues. CSML holds an exclusive distributorship for Brunswick Bowling Products LLC across India, Singapore, Malaysia, and Indonesia since 2010.
IPO Proceeds Allocation
The capital raised from the IPO is earmarked for specific strategic initiatives and debt reduction. These investments aim to bolster the company’s operational capabilities and expand its entertainment footprint.
- Capital expenditure for gaming equipment at Bhiwandi warehouse: ₹39.88 Crore
- Establishing ‘Duckpin – The Bowling Bistro’ entertainment center in Mumbai: ₹8.09 Crore
- Repaying outstanding borrowings: ₹11.50 Crore
- Remaining funds: General corporate purposes
Key Investor Risk Factors
Potential investors face several considerations, including the company’s dependency on a limited number of customers and suppliers, alongside its geographic concentration. The Draft Red Herring Prospectus (DRHP) highlighted these areas of concern.
- Customer concentration: Top 10 customers accounted for 80.53% of FY2026 revenue.
- Dependence on Brunswick: 50.21% of FY2026 revenue derived from this distributorship.
- Negative operating cash flows reported in FY2026.
- Supplier concentration: Top 10 suppliers represented 81.93% of purchases.
- Geographic concentration: Operations heavily focused in Maharashtra, Karnataka, and Telangana.
Details regarding the IPO’s price band, lot size, and total issue size are currently unavailable, with these specifics expected in the final Red Herring Prospectus (RHP).