Gujarat-based Connplex Cinemas, which operates a cinema chain mostly in Tier 2, 3 and 4 cities, is set to hit Dalal Street with its maiden public issue on August 7, with a price band of INR 168-177 per share. The company plans to raise INR 90.27 crore via a public issue of 51 lakh shares at the upper price band. The IPO consists solely of a fresh issue. The public issue will close on August 11, while the anchor book will be launched only for institutional investors on August 6. The company will finalise IPO share allotment by August 12, and the trading in Connplex shares will commence on the NSE Emerge, effective August 14. With 66 screens, Connplex which competes with PVR Inox, operates most of its business in Gujarat and Bihar, followed by few screens in Maharashtra, Chhattisgarh, and Telangana, through franchisee model. Of which, 63 screens are operated through the FOFO model (franchise owned, franchise operated) and the remaining 3 via the FOCO model (franchise owned, company operated).