Cinemax India, a part of realty developer Kanakia Group, has filed its draft red herring prospectus(DRHP) with Sebi for its proposed initial public offering (IPO). Cinemax proposes to use the proceeds from the IPO primarily to meet the capital expenditure to be incurred for setting up screens across India.Cinemax currently operates 10 properties with 33 screens and 9,316 seats across the country.In the last fiscal, Cinemax clocked a total income of Rs. 43.86 crore on a standalone basis with a net profit of Rs 6.76 crore.
