Duckpin -The Bowling Bistro earmarks Rs 8.0905 crore, site unpicked

Duckpin -The Bowling Bistro has earmarked up to Rs 8.0905 crore from net proceeds for a second Mumbai entertainment centre, although its precise site had not been identified and no equipment, plant or machinery orders had been placed as of the Red Herring Prospectus date. The first company-operated outlet, Duckpin Malad, opened on July 24, 2026.

What is Duckpin planning with its Rs 8.0905 crore Mumbai investment?

Duckpin plans an integrated Mumbai venue combining duckpin bowling lanes, arcade and interactive gaming attractions, food and beverage offerings, and ancillary recreation. Its board approved the use of up to Rs 8.0905 crore of net proceeds for this object on June 30, 2026, while independent architect Vivek Varma certified the estimated project cost of Rs 809.05 lakh on June 24, 2026.

Duckpin describes the project as forward integration, meaning an expansion from sourcing, trading, distributing, installing and maintaining amusement equipment into owning and operating consumer-facing entertainment centres. The proposed venue is expected to draw revenue from bowling and gaming, food and beverage sales, liquor sales, corporate events, private parties, memberships, promotional programmes and ancillary entertainment services.

The proposal would create a second company-operated outlet after Duckpin Malad began operations at Infiniti Mall, Malad West, Mumbai, on July 24, 2026. Duckpin Malad combines bowling, arcade and interactive games, food and beverages, pool and other recreation, so the new project is an extension of the company-operated venue model rather than an equipment-supply contract.

Why has Duckpin not selected the second Mumbai site?

Duckpin had not identified the precise location for the proposed second Mumbai outlet as of the Red Herring Prospectus date. It says it will select a site using demographic characteristics, visibility, expected footfall, accessibility, parking availability and overall commercial feasibility, leaving the Rs 8.0905 crore estimate unattached to a disclosed address or premises.

Duckpin proposes to occupy the premises on a leasehold basis, but lease-related costs are outside the stated use of net proceeds. Security deposits, advance rentals, applicable goods and services tax and other incidental expenses are to be funded from internal accruals, meaning the disclosed project budget does not include those lease-related payments.

The planned centre also needs four stated operating approvals: an FL-III liquor licence under the Bombay Prohibition Act, 1949 and the Bombay Foreign Liquor Rules, 1953; an Eating House-III Grade health licence; a fire-safety re-compliance certificate; and a Food Safety and Standards Authority of India state licence. The health, fire and food approvals arise respectively under the Mumbai Municipal Corporation Act, 1888, the Maharashtra Fire Prevention and Life Safety Measures Act, 2006, and the Food Safety and Standards Act, 2006.

How is Duckpin allocating the Rs 8.0905 crore project budget?

Duckpin allocates the largest identified amount, Rs 2.4027 crore, to civil, interior, electrical, plumbing and allied works. Duckpin bowling equipment at Rs 1.6214 crore and gaming equipment and amusement machines at Rs 1.3855 crore together account for Rs 3.0069 crore, showing that bowling and gaming attractions represent a larger combined allocation than the physical fit-out.

The Rs 1.6214 crore bowling allocation is based on a July 23, 2026 quotation from Brunswick Bowling Products LLC for four duckpin lanes, including customs duty, sea freight and local charges. The Rs 1.3855 crore gaming allocation includes a Rs 97.17 lakh Horse Racing Hangtime two-player machine, a Rs 25.96 lakh Speed Rider 4DX machine and a Rs 15.42 lakh Magno B-8 Blueoak ATL Blue Car.

Duckpin has budgeted Rs 72.64 lakh for kitchen and bar equipment, furniture and fixtures, Rs 65 lakh for heating, ventilation and air-conditioning works, Rs 57.94 lakh for professional and consultancy fees, and Rs 41.50 lakh for audio-visual equipment and an LED videowall. A July 24, 2026 quotation from VIS Interior Solutions Private Limited covers the Rs 2.4027 crore fit-out, while Circular Aircon Services Private Limited quoted Rs 65 lakh for heating, ventilation and air-conditioning work on the same date.

What procurement commitments has Duckpin made so far?

Duckpin had obtained quotations from vendors but had not entered into definitive agreements or placed purchase orders for any project equipment, plant or machinery as of the Red Herring Prospectus date. Supplier selection is proposed to depend on competitive pricing and delivery schedules, while equipment with longer delivery timelines may be ordered in advance to limit implementation delays and cost overruns.

Most project quotations cited for the proposed centre were dated July 23 or July 24, 2026 and carried 60-day validity periods. These include the Rs 1.6214 crore Brunswick Bowling Products LLC quotation, the Rs 97.17 lakh Hangtime machine quotation and the Rs 2.4027 crore VIS Interior Solutions Private Limited quotation, so the project cost is based on time-limited quotations rather than binding supply agreements.

Duckpin states that its Rs 8.0905 crore estimate was prepared from its business plan, management estimates, supplier quotations and commercial and technical considerations, but was not appraised by a bank, financial institution or independent agency. It also discloses that market conditions, competition, interest rates, foreign-exchange rates, regulatory approvals and management decisions could require expenditure to be revised or rescheduled, subject to applicable law.

How would a second centre change Duckpin’s business model?

Duckpin’s stated strategy changes its role from an amusement-equipment supplier and service provider into an operator dealing directly with end consumers. The company expects this model to provide greater control over the customer experience and equipment management, while reducing dependence on third-party service providers at company-operated centres.

The planned recurring-revenue mix is broader than the stated equipment sourcing and maintenance activities because it includes games, bowling, food, beverages, liquor, events and memberships. That model depends on the selected Mumbai site satisfying the company’s footfall, accessibility, parking and commercial-feasibility criteria, and on Duckpin securing the four specified operating approvals.

Duckpin Malad is the disclosed operating precedent, having opened on July 24, 2026, but the supplied disclosure gives no revenue, footfall, profitability or payback data for that outlet. The available information therefore establishes the proposed centre’s budget, intended scope and procurement status, but does not provide an operating-performance measure for the first centre or an earnings forecast for the second.

Conclusion

Duckpin’s proposed second Mumbai outlet would extend the operating model launched with Duckpin Malad into a venue combining bowling, gaming, food, beverages and hospitality. The Rs 8.0905 crore project estimate is concentrated in Rs 2.4027 crore of fit-out work and Rs 3.0069 crore of bowling and gaming equipment, while lease-related payments remain funded separately from internal accruals.

The next disclosed milestones are identifying and leasing a suitable Mumbai premises, selecting suppliers and placing orders based on pricing and delivery schedules, and obtaining the FL-III liquor licence, health licence, fire-safety certificate and food-safety licence. Duckpin has also disclosed that quotation validity, delivery times, regulatory approvals and changing commercial conditions could alter the timing or allocation of the project expenditure.