Thinking Hats Entertainment Solutions IPO
Open SmeCurrent GMP
₹30 (+68.18%)
Price Band
₹ 42 – 44
Lot Size
3000
Issue Size
₹15.09 Cr
Minimum Investment
₹264000 (6000 Shares)
Listing Date
03 October 2024
Subscription
322.35x
About the Company
Thinking Hats has evolved from a leading concept development and event production company—specializing in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social gatherings, and virtual events—into an OTT content production and experiential marketing firm. The company now focuses on content development, intellectual property curation, and tech-driven product innovation.
Thinking Hats Entertainment offers a comprehensive 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 various industries such as media, retail, finance, food, education, healthcare, and technology. Additionally, the company provides retail visual merchandising and in-store solutions, enhancing displays for various retail environments.
The company creates exclusive content for platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+ Hotstar, Voot, and Zee5. It recognizes key growth areas in Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), photography, content licensing (including music and videos), animation, and more.
Promoters
- Rajesh Bhardwaj
- Gaurav Singhania
- Shruti Singhania
Promoters Holding
Holding Pre Issue
78.29%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 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
Address / Contact Info
Thinking Hats Entertainment Solutions Limited
KU220, Kuber Kartik, New Link Road
Prem Co-operative Society
Andheri West, Mumbai - 400 053
Phone: +91 976 915 6256
Email: info@thes.in
Website: https://thes.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 25 September 2024
IPO Close Date
Friday, 27 September 2024
Basis of Allotment
Monday, 30 September 2024
Initiation of Refunds
Tuesday, 01 October 2024
Credit of Shares to Demat
Tuesday, 01 October 2024
Listing Date
Thursday, 03 October 2024 — NSE & BSE
Important Dates
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2403.22 | 1456.81 | 641.14 |
| Revenue | 2670.1 | 2227.8 | 1245.2 |
| Profit After Tax | 309.16 | 200.79 | 37.21 |
| Net Worth | 1099.86 | 573.26 | 372.47 |
| Reserve & Surplus | 1012.28 | 497.01 | 296.22 |
| Total Borrowings | 543.46 | 413.65 | 29.22 |
EPS Pre
3.41%
EPS Post
2.48%
P/E Pre
12.89
P/E (Post Issue)
17.77x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 28.11 |
| ROCE % | 29.37 |
| Debt / Equity | 0.49 |
| RoNW % | 28.11 |
| PbW | 3.5 |
| Pat Margin % | 11.61 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 180000 | 5.25 | 0 |
| Qualified Institutions | 324000 | 9.45 | 0 |
| Non-Institutional | 876000 | 25.55 | 0 |
| Retail Investors | 2049000 | 59.76 | 0 |
| Total | 3429000 | 100 | 0 |
Subscription Status ( Fri, 27 Sep 24 01:18 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 324000 | 21924000 | 67.67x |
| Non-Institutional | 876000 | 312804000 | 357.08x |
| Retail Investors | 2049000 | 712581000 | 347.77x |
| Total | 3249000 | 1047309000 | 322.35x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 132,000.00 |
| Retail (Max) | 1 | 3,000 | 132,000.00 |
| S-HNI (Min) | 2 | 6,000 | 264,000.00 |
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Thinking Hats Entertainment Solutions IPO is a Book-building IPO worth ₹15.09 crores. The price band is ₹42 to 44 per share. The IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024. It will be listed on BSE and NSE. Mas Services Limited is the registrar.
The Thinking Hats Entertainment Solutions IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
Thinking Hats Entertainment Solutions IPO Price Band is ₹42 to 44.
Thinking Hats Entertainment Solutions IPO lot size is 3000, and the minimum amount required for application is ₹264000.
The minimum investment for Thinking Hats Entertainment Solutions IPO is approximately ₹264000 based on the upper price band.
To apply for the Thinking Hats Entertainment Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 27, 2024. After submission, funds are blocked until the basis of allotment of Thinking Hats Entertainment Solutions IPO is finalised.
Thinking Hats Entertainment Solutions IPO issue size is ₹15.09 crores.
Thinking Hats Entertainment Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Thinking Hats Entertainment Solutions IPO is Mas Services Limited. Investors can go to Mas Services Limited website for IPO allotment status, refund processing, and other queries related to Thinking Hats Entertainment Solutions IPO through their official website or helpline.
The Thinking Hats Entertainment Solutions IPO GMP (Grey Market Premium) is ₹30 as of Thu, Oct 3, 2024. Based on the upper price band of ₹44 per share, the estimated Thinking Hats Entertainment Solutions IPO listing price is ₹74, indicating a potential listing gain of approximately 31% over the issue price.