Thinking Hats Entertainment Solutions IPO will open for subscription from 25 September 2024. The company aims for an issue size of ₹15.09 Cr through this IPO.
Company Overview
| Full name | Thinking Hats Entertainment Solutions Limited |
| Sector | Media & Entertainment |
| Industry | Film production, Distribution and Entertainment |
| Company Website | https://thes.in/ |
About Company
Thinking Hats has transformed from a leading concept development and event production company, specializing in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social, and virtual events, into an OTT content production and experiential marketing firm. The company now emphasizes content development, intellectual property curation, and tech-driven product innovation.
Thinking Hats Entertainment provides a wide range of event management services, including corporate events, meetings, conference management, product launches, lifestyle and fashion events, exhibitions, entertainment shows, pan-India ground activations, and artist management. These services cater to industries such as media, retail, finance, food, education, healthcare, and technology. Additionally, the company offers retail visual merchandising and in-store solutions, delivering prominent display services to various retail stores.
The company creates exclusive content for platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+ Hotstar, Voot, and Zee5. It recognizes that key growth areas include Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), photography, content licensing (including music and videos), animation, and more.
The Objectives of the Issue
- Prepayment or repayment of all or a portion of certain loans availed by the Company
- Funding of working capital requirements of our Company
- General Corporate Purposes
Thinking Hats Entertainment Solutions IPO Timetable
| IPO Opening date | 25 September 2024 |
| IPO Closing | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation Refund | 01 October 2024 |
| Credit to Demat Account | 01 October 2024 |
| Listing Date | 03 October 2024 |
Thinking Hats Entertainment Solutions IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹15.09 Cr – 3,429,000 shares |
| Fresh Issue | ₹15.09 Cr – 3,429,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹42 to ₹44 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 180,000 shares |
| Shareholding pre-issue | 9,058,150 |
| Shareholding post-issue | 12,487,150 |
| Listing Exchange | NSE SME |
Thinking Hats Entertainment Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
Thinking Hats Entertainment Solutions Offer Documents
Thinking Hats Entertainment Solutions IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 1,80,000 (5.25%) |
| QIB Shares Offered | 3,24,000 (9.45%) |
| NII (HNI) Shares Offered | 8,76,000 (25.55%) |
| Retail Shares Offered | 20,49,000 (59.76%) |
| Total Shares Offered | 34,29,000 (100%) |
Thinking Hats Entertainment Solutions Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 11.60 | 22.15 | 26.63 |
| Expenses | 11.97 | 19.53 | 22.40 |
| Net income | 0.37 | 2.01 | 3.09 |
Thinking Hats Entertainment Solutions Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.43 | 2.32 | 3.57 |
| PE ratio | – | – | 11.76 – 12.32 |
| RONW (%) | 9.99 | 35.03 | 28.11 |
| NAV | 4.88 | 7.52 | 12.56 |
| ROCE (%) | 11.86 | 29.25 | 29.37 |
| EBITDA (%) | 4.66 | 13.54 | 18.76 |
| Debt/Equity | 0.08 | 0.72 | 0.49 |
Company Promoters
- Rajesh Bhardwaj
- Gaurav Singhania
- Shruti Singhania
Promoter Holding
| Pre Issue Share Holding | 78.29% |
| Post Issue Share Holding |
Thinking Hats Entertainment Solutions Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 September 2024 | 28 | – | 62,000 |
| 26 September 2024 | 25 | – | 56,000 |
| 25 September 2024 | 25 | – | 56,000 |
| 24 September 2024 | 22 | – | 42,000 |
| 23 September 2024 | 17 | – | 25,000 |
| 21 September 2024 | 12 | – | 19,000 |
| 20 September 2024 | 10 | – | 18,000 |
Thinking Hats Entertainment Solutions IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,24,000 | 8,76,000 | 20,49,000 | 32,49,000 |
| 27 Sep 2024 | 67.67 | 357.02 | 347.64 | 322.25 |
| 26 Sep 2024 | 20.07 | 30.73 | 88.47 | 66.08 |
| 25 Sep 2024 | 10.03 | 7.73 | 21.85 | 16.86 |
Thinking Hats Entertainment Solutions IPO Allotment Status
Thinking Hats Entertainment IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.
Thinking Hats Entertainment Solutions IPO Listing Details
| Listing Date | 03 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Thinking Hats Entertainment Solutions IPO Lead Manager(s)
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Thinking Hats Entertainment Solutions Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: ipo@masserv.com
Website: www.masserv.com
Thinking Hats Entertainment Solutions Contact Details
THINKING HATS ENTERTAINMENT SOLUTIONS LIMITED
5th Floor, B 9 Pinnacle Business,
Park Sector 3 Noida, Gautam Buddha
Nagar, Noida – 201 301, Uttar Pradesh, India
Phone: +91 981 033 4264
E-mail: info@thes.in
Website: www.thes.in
Thinking Hats Entertainment Solutions IPO FAQs
What is Thinking Hats Entertainment’s IPO size?
Thinking Hats Entertainment’s offer size is ₹ 14.40 – 15.09 crores.
What is the Thinking Hats Entertainment IPO price band?
Thinking Hats Entertainment’s public offer price is ₹ 42 – 44 per share.
What is the lot size of Thinking Hats Entertainment Offer?
Thinking Hats Entertainment’s offer lot size is 3,000 shares.
What is Thinking Hats Entertainment Offer GMP today?
Thinking Hats Entertainment IPO GMP today is ₹ 28 per share.
What is the Thinking Hats Entertainment kostak rate today?
Thinking Hats Entertainment’s kostak rate today is ₹ NA per application.
What is Thinking Hats Entertainment Subject to Sauda rate today?
Thinking Hats Entertainment is Subject to Sauda rate today is ₹ 62,000 per application.
Final thoughts
Thinking Hats Entertainment Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
