Thinking Hats Entertainment Solutions Limited IPO Overview
Thinking Hats Entertainment Solutions is launching an IPO worth ₹15.09 crores, consisting of a fresh issue of 34.29 lakh shares. The IPO opens for subscription on September 25, 2024, and closes on September 27, 2024, with allotment expected on September 30, 2024. It will be listed on NSE SME on October 3, 2024. The price band is set at ₹42 to ₹44 per share.
The minimum lot size for an application is 3,000 shares, requiring a minimum investment of ₹132,000 for retail investors. High-net-worth individuals (HNIs) must apply for at least 6,000 shares (2 lots), totaling ₹264,000. Horizon Financial Pvt Ltd serves as the book running lead manager, Mas Services Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO.
Refer to Thinking Hats Entertainment Solutions IPO RHP for detailed information.
Thinking Hats Entertainment Solutions Limited IPO Important dates
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 |
Thinking Hats Entertainment Solutions Limited Financial Performance
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 | 24.03 Crore | 14.57 Crore | 6.41 Crore |
| Revenue | 26.70 Crore | 22.28 Crore | 12.45 Crore |
| Profit After Tax | 3.09 Crore | 2.01 Crore | 0.37 Crore |
| Net Worth | 10.99 Crore | 5.73 Crore | 3.72 Crore |
| Reserves and Surplus | 10.12 Crore | 4.97 Crore | 2.96 Crore |
| Total Borrowing | 5.43 Crore | 4.14 Crore | 0.29 Crore |
Thinking Hats Entertainment Solutions Limited IPO Key Performance Indicator
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 |
Thinking Hats Entertainment Solutions Limited IPO Objectives
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 IPO Lot Size
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 |
Thinking Hats Entertainment Solutions Limited IPO Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | [October 3, 2024] |
| 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 |
| Shareholding pre issue | 9,058,150 |
| Shareholding post issue | 12,487,150 |
| Market Maker portion | 180,000 shares |
Thinking Hats Entertainment Solutions Limited Company Overview and Services
Thinking Hats Entertainment Solutions Limited was incorporated in February 2013 and specializes in concept development, event design, and production for a variety of occasions, including live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social gatherings, and virtual events. The company also excels in OTT content production and experiential marketing, focusing on content development, intellectual property curation, and tech-centric product development.
The company produces exclusive content for popular OTT platforms such as Netflix, Amazon Prime Video, Sony Liv, MX Player, Disney+ Hotstar, Voot, and Zee5. Among their notable works are two web series: “Aapkey Kamrey Me Koi Rehta Hai” and “Kathmandu Connection 2,” as well as a Bengali movie titled “Onek Diner Pore.” Additionally, they create engaging short films for YouTube and corporate event productions.
Thinking Hats has collaborated with prestigious clients, including Tata Group (Westside and Zudio), Goldman Sachs, McDonald’s, and Uber, alongside media brands like The Times of India, HT Media, Network 18, Radio Mirchi, and Fever Entertainment.
Competitive Strengths
- Experienced Team: The company boasts a talented team with a proven track record in event management, retail visual merchandising, and high-quality digital content creation.
- Strong Industry Connections: Established relationships with clients and key figures in the entertainment industry, including writers, directors, and streaming platforms, enhance their competitive edge.
- Brand Recognition: A solid reputation for excellence in event management and visual merchandising contributes to strong brand recognition.
As of September 2024, Thinking Hats Entertainment Solutions Limited employs 35 dedicated professionals, underscoring their commitment to quality and innovation in the entertainment sector.
Thinking Hats Entertainment Solutions Limited IPO SWOT Analysis
Strengths
- Strong Market Position: As a player in the entertainment sector, the company may have established relationships and a strong brand presence.
- Fresh Issue of Shares: The IPO consists entirely of a fresh issue, allowing the company to raise capital for expansion or debt reduction.
- Experienced Management: A skilled management team can enhance operational efficiency and strategic decision-making.
Weaknesses
- High Minimum Investment: The minimum investment requirement may limit participation from smaller retail investors.
- Market Volatility: The entertainment industry can be susceptible to changing consumer preferences and economic downturns.
Opportunities
- Growing Entertainment Sector: Increasing demand for entertainment solutions, especially in digital platforms, presents significant growth opportunities.
- Expansion Potential: The raised capital can be used for diversifying services, entering new markets, or investing in technology.
Threats
- Intense Competition: The entertainment sector is highly competitive, with numerous players vying for market share.
- Regulatory Challenges: Compliance with industry regulations can be complex and may pose risks to operations.
Thinking Hats Entertainment Solutions Limited IPO GMP Details
Thinking Hats Entertainment Solutions SME IPO last GMP is ₹30, last updated Sep 21st 2024. With the price band of 44.00, Thinking Hats Entertainment Solutions SME IPO’s estimated listing price is ₹74 (cap price + today’s GMP).The expected percentage gain/loss per share is 68.18%.
Stay with us to know the daily price trend of Thinking Hats Entertainment Solutions SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 27-09-2024 Close | 44.00 | ₹30  |
68400 | ₹74 (68.18%) | 27-Sep-2024 |
| 26-09-2024 | 44.00 | ₹30 |
68400 | ₹74 (68.18%) | 26-Sep-2024 |
| 25-09-2024 Open | 44.00 | ₹30  |
68400 | ₹74 (68.18%) | 25-Sep-2024 |
| 24-09-2024 | 44.00 | ₹25 |
57000 | ₹69 (56.82%) | 24-Sep-2024 |
| 23-09-2024 | 44.00 | ₹25 |
57000 | ₹69 (56.82%) | 23-Sep-2024 |
| 22-09-2024 | 44.00 | ₹20 |
45600 | ₹64 (45.45%) | 22-Sep-2024 |
| 21-09-2024 | 44.00 | ₹20 |
45600 | ₹64 (45.45%) | 21-Sep-2024 |
| 20-09-2024 | 44.00 | ₹15 |
34200 | ₹59 (34.09%) | 20-Sep-2024 |
| 19-09-2024 | 44.00 | ₹7 |
16000 | ₹51 (15.91%) | 19-Sep-2024 |
Thinking Hats Entertainment Solutions Limited IPO subscription status
Thinking Hats Entertainment Solutions IPO subscribed 67.22 times. The public issue subscribed 90.30 times in the retail category, 20.07 times in QIB, and 30.66 times in the NII category by September 26, 2024.
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 20.07 | 324,000 | 65,04,000 | 28.62 |
| Non-Institutional Buyers* | 30.66 | 876,000 | 2,68,62,000 | 118.19 |
| Retail Investors | 90.30 | 2,049,000 | 18,50,22,000 | 814.10 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 67.22 | 3,249,000 | 21,83,88,000 | 960.91 |
Total Application : 61,674 (90.30 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 180,000 equity shares not included.
Thinking Hats Entertainment Solutions IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 September 25, 2024 |
10.03 | 7.84 | 22.50 | 17.31 |
| Day 2 September 26, 2024 |
20.07 | 30.66 | 90.30 | 67.22 |
Thinking Hats Entertainment Solutions Limited IPO Allotment status
The allotment status of Thinking Hats Entertainment Solutions IPO is expected to be available on September 30, 2024.
Thinking Hats Entertainment Solutions IPO allotment status is not available at this time. Thinking Hats Entertainment Solutions IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Thinking Hats Entertainment Solutions Limited IPO allotment status.
To check Thinking Hats Entertainment Solutions IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Mas Services Limited either by phone or email. Investors can call on (011) 2610 4142 or send an email with all relevant details to ipo@masserv.com.
Thinking Hats Entertainment Solutions Limited 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/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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