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Thinking Hats Entertainment Solutions IPO is a book built issue of Rs 15.09 crores. The issue is entirely a fresh issue of 34.29 lakh shares.
Thinking Hats Entertainment Solutions IPO is open for subscription on September 25, 2024 and close today September 27, 2024. The allotment for the Thinking Hats Entertainment Solutions IPO is expected to be finalized on Monday, September 30, 2024. Thinking Hats Entertainment Solutions IPO will list on NSE SME with tentative listing date fixed as Thursday, October 3, 2024.
Thinking Hats Entertainment Solutions IPO price band is set at ₹42 to ₹44 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹264,000.
Horizon Financial Pvt Ltd is the book running lead manager of the Thinking Hats Entertainment Solutions IPO, while Mas Services Limited is the registrar for the issue. The market maker for Thinking Hats Entertainment Solutions IPO is Giriraj Stock Broking.
Refer to Thinking Hats Entertainment Solutions IPO RHP for detailed information.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,429,000 shares (aggregating up to ₹15.09 Cr) |
| Fresh Issue | 3,429,000 shares (aggregating up to ₹15.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,058,150 |
| Share holding post issue | 12,487,150 |
| Market Maker portion | 180,000 shares Giriraj Stock Broking |
Thinking Hats Entertainment Solutions IPO offers 34,29,000 shares. 3,24,000 (9.45%) to QIB, 8,76,000 (25.55%) to NII, 20,49,000 (59.76%) to RII.
| 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 IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
| Lot Size Calculator | |||
The promoters of the company are Rajesh Bhardwaj, Gaurav Singhania and Shruti Singhania.
| Share Holding Pre Issue | 78.29% |
| Share Holding Post Issue |
Incorporated in February 2013, Thinking Hats Entertainment Solutions Limited specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events, as well as OTT content production and experiential marketing with a focus on content development, intellectual property curation, and tech-centric product development.
The company makes exclusive content for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc.
The company has produced two web series for OTT platforms: "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2", as well as one Bengali movie titled "Onek Diner Pore". In addition to movies and OTT web series, we also create short films for YouTube content and corporate event movies.
The company's clients include Tata Group, including Westside and Zudio, Goldman Sachs, McDonalds, and Uber, as well as media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment.
Competitive Strength
As of September 2024, the Company had 35 employees on payroll.
Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 2,403.22 | 1,456.81 | 641.14 | |||||||||||||||||||||||||||
| Revenue | 2,670.1 | 2,227.8 | 1,245.2 | |||||||||||||||||||||||||||
| Profit After Tax | 309.16 | 200.79 | 37.21 | |||||||||||||||||||||||||||
| Net Worth | 1,099.86 | 573.26 | 372.47 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,012.28 | 497.01 | 296.22 | |||||||||||||||||||||||||||
| Total Borrowing | 543.46 | 413.65 | 29.22 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Thinking Hats Entertainment Solutions IPO is Rs 54.94 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 28.11% |
| ROCE | 29.37% |
| Debt/Equity | 0.49 |
| RoNW | 28.11% |
| P/BV | 3.5 |
| PAT Margin (%) | 11.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.41 | 2.48 |
| P/E (x) | 12.89 | 17.77 |
[Dilip Davda] The company is engaged in the business of event design, production, corporate MICE, social and virtual events etc. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate fund for medium term. Read detail review...
The Thinking Hats Entertainment Solutions IPO is subscribed 67.22 times on September 26, 2024 7:29:58 PM. The public issue subscribed 90.30 times in the retail category, 20.07 times in the QIB category, and 30.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 20.07 |
| NII | 30.66 |
| Retail | 90.30 |
| Total | 67.22 |
Total Application : 61,674 (90.30 times)
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
SME Company Owners
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Check our SME IPO Guide 
Thinking Hats Entertainment Solutions IPO is a SME IPO of 3,429,000 equity shares of the face value of ₹10 aggregating up to ₹15.09 Crores. The issue is priced at ₹42 to ₹44 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 25, 2024, and closes on September 27, 2024.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Thinking Hats Entertainment Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Thinking Hats Entertainment Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thinking Hats Entertainment Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thinking Hats Entertainment Solutions IPO opens on September 25, 2024 and closes on September 27, 2024.
Thinking Hats Entertainment Solutions IPO lot size is 3000 Shares, and the minimum amount required is ₹132,000.
You can apply in Thinking Hats Entertainment Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Thinking Hats Entertainment Solutions IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2024. Check the Thinking Hats Entertainment Solutions IPO allotment status.
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