Complete Sports and ManagementIPO Review — Financials, Valuation & Peers
A data-only look at the Complete Sports and Management IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|
| FY 2025 | 111.42 | 11.41 | 69.78 | 2.19 | — |
| FY 2026 | 118.76 | 18.18 | 83.26 | 8.99 | 12.11 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 11.15x
- P/E (post-issue)
- 15.27x
- RoNW
- 42.27%
- RoE
- 53.55%
- RoCE
- 47.97%
- Debt / Equity
- 0.21
- EPS (pre-issue)
- ₹12.11
- EPS (post-issue)
- ₹8.84
- EBITDA Margin
- 13.39%
- PAT Margin
- 15.81%
- P/BV
- 4.77x
- NAV / share
- ₹28.29
- Market Cap
- ₹277.56 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Promoters & Shareholding
Promoters: <p>Rohit Rajesh Mathur, Abha Rohit Mathur, Rohan Rohit Mathur</p>
- Holding (pre-issue)
- 96.8%
- Holding (post-issue)
- 70.67%
- Dilution
- 26.13%
Analysis in brief
Anchor book
Before the issue opened to the public, Complete Sports and Management placed shares with 8 anchor investors, who together put in ₹21.3 crore. Anchor investors are institutions allotted shares at the issue price a day before bidding opens, in exchange for a mandatory post-listing lock-in — their names and cheque sizes are disclosed, which is why the anchor book is read as an institutional signal. The largest allocations went to BHARAT EMERGING & STRATEGIC TECHNOLOGY FUND (₹7.44 crore), INDIA EQUITY FUND I (₹2.75 crore) and AARTH AIF GROWTH FUND (₹2.75 crore). Investor categories represented include Other and FII/FPI. The lock-in on half the anchor shares ends on 1 Oct 2026, with the remainder locked until 30 Nov 2026.
Margin and return profile
Beyond the headline pricing, the disclosed operating profile stands on its own numbers. Complete Sports and Management operates at an EBITDA margin of 13.39% and a net (PAT) margin of 15.81% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 47.97% and a return on equity (RoE) of 53.55%. At the upper band, the post-issue market capitalisation works out to about ₹277.56 crore. These are offer-document figures for the latest reported period (as of 31 Mar 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward 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. (₹39.88 crore), alongside repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company from banks and financial institutions (₹11.5 crore). In all, 5 objects are disclosed.
Financials
In FY2026, Complete Sports and Management reported revenue of ₹118.76 crore and a net profit of ₹18.18 crore. Revenue grew from ₹111.42 crore in FY2025 to ₹118.76 crore in FY2026 (+7.0%). At the upper band, that puts the issue at roughly 11.1× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 15.27× post-issue earnings and 4.77× book value, against a return on net worth of 42.27% and a debt-to-equity ratio of 0.21. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Rohit Rajesh Mathur, Abha Rohit Mathur, Rohan Rohit Mathur</p>. Promoter holding stands at 96.8% before the issue and comes down to 70.67% after listing.
Frequently asked questions
- What is the reservation split in the Complete Sports and Management IPO?
- Of the total shares offered, retail investors get 35.03%, QIBs 19.98% (plus 29.96% anchor), non-institutional investors 15.03%.
- Who are the promoters of Complete Sports and Management and what is their holding?
- The promoters are <p>Rohit Rajesh Mathur, Abha Rohit Mathur, Rohan Rohit Mathur</p>. Promoter holding is 96.8% before the issue and 70.67% after listing.
- What is the P/E ratio of the Complete Sports and Management IPO?
- At the upper price band, the Complete Sports and Management IPO is valued at 11.15× pre-issue earnings and 15.27× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Complete Sports and Management IPO?
- The net proceeds go primarily toward 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., among 5 disclosed objects.