Thinking Hats Entertainment Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 25 Sep 2024
Close Date
Fri, 27 Sep 2024
Price Band
₹ 42 – 44
Lot Size
3000
Issue Size
₹ 15.09 Cr
Minimum Investment
₹ 264,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Thinking Hats Entertainment Solutions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹15.09 Crore, comprising a fresh issue of 34.29 Lakh equity shares aggregating to ₹15.09 Crore.
The Thinking Hats Entertainment Solutions IPO remained open for subscription from September 25, 2024, to September 27, 2024. The basis of allotment was finalized on September 30, 2024, and the company's shares were listed on NSE SME Platform on October 03, 2024.
The company had fixed the price band at ₹42 to ₹44 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹264,000 (based on the upper price band) to apply for one lot.
Mas Services Limited served as the registrar to the issue. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Thinking Hats Entertainment Solutions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Thinking Hats Entertainment Solutions IPO Timeline (Tentative)
- IPO Open Date
- Wed, 25 Sep 24
- IPO Close Date
- Fri, 27 Sep 24
- Basis of Allotment
- Mon, 30 Sep 24
- Initiation of Refunds
- Tue, 01 Oct 24
- Credit of Shares to Demat
- Tue, 01 Oct 24
- Listing Date
- Thu, 03 Oct 24 — NSE & BSE
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
IPO Subscription
Check Live Subscription →The Thinking Hats Entertainment Solutions IPO has received bids for 1,04,73,09,000 shares against 32,49,000 shares offered, resulting in an overall subscription of 322.35x. the NII category is subscribed 357.08x, Retail Investors 347.77x, and QIBs 67.67x.
QIB
67.67x
NII
357.08x
RII
347.77x
Total
322.35x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,49,000 shares, representing 59.76% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,24,000 shares (9.45%), while Non-Institutional Investors (NIIs) receive 8,76,000 shares (25.55%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 180,000 | 5.25% |
| Qualified Institutions | 324,000 | 9.45% |
| Non-Institutional | 876,000 | 25.55% |
| Retail Investors | 2,049,000 | 59.76% |
| Total | 3,429,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Thinking Hats Entertainment Solutions Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Thinking Hats Entertainment Solutions Limited
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.
Thinking Hats Entertainment Solutions IPO Promoters
- Rajesh Bhardwaj
- Gaurav Singhania
- Shruti Singhania
Promoters Holding
Holding Pre Issue
78.29%
Holding Post Issue
0.00%
Thinking Hats Entertainment Solutions IPO Objective
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
Thinking Hats Entertainment Solutions Limited Address / Contact Details
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
Thinking Hats Entertainment Solutions IPO Lot Size
The Thinking Hats Entertainment Solutions IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,32,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,32,000.
| 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 |
Issue Reservation
- Market Maker — 5.25%
- QIB — 9.45%
- NII — 25.55%
- RII — 59.76%
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Thinking Hats Entertainment Solutions IPO?
Thinking Hats Entertainment Solutions IPO is a Book-building IPO with a total issue size of ₹15.09 crore. The Thinking Hats Entertainment Solutions IPO price band is ₹42 to 44 per share. The Thinking Hats Entertainment Solutions IPO subscription opens on Wed, Sep 25, 2024, and closes on Fri, Sep 27, 2024. The Thinking Hats Entertainment Solutions IPO will be listed on the NSE. Mas Services Limited is the registrar for the Thinking Hats Entertainment Solutions IPO.
When will the Thinking Hats Entertainment Solutions IPO open for subscription?
The Thinking Hats Entertainment Solutions IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
What is Thinking Hats Entertainment Solutions IPO Price Band?
Thinking Hats Entertainment Solutions IPO Price Band is ₹42 to 44 per share.
What is Thinking Hats Entertainment Solutions IPO Lot Size?
Thinking Hats Entertainment Solutions IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
What is the minimum investment for Thinking Hats Entertainment Solutions IPO?
The minimum investment for Thinking Hats Entertainment Solutions IPO is ₹264000, based on one lot of 3000 shares at the upper price band of ₹44 per share.
How to apply for Thinking Hats Entertainment Solutions IPO?
Investors can apply for the Thinking Hats Entertainment Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 27, 2024. The application amount remains blocked until the Thinking Hats Entertainment Solutions IPO allotment is finalized.
What is Thinking Hats Entertainment Solutions IPO Issue Size?
Thinking Hats Entertainment Solutions IPO issue size is ₹15.09 crores.
What is the Thinking Hats Entertainment Solutions IPO Allotment Date?
Thinking Hats Entertainment Solutions IPO allotment date is Mon, Sep 30, 2024.
Who is the Thinking Hats Entertainment Solutions IPO Registrar?
The registrar for Thinking Hats Entertainment Solutions IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Thinking Hats Entertainment Solutions IPO allotment status, refund processing, and other IPO-related information.
What is the Thinking Hats Entertainment Solutions IPO GMP?
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 68.18% over the issue price.
Who is the Thinking Hats Entertainment Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Thinking Hats Entertainment Solutions IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Thinking Hats Entertainment Solutions IPO Red Herring Prospectus (RHP).