Thinking Hats Entertainment Solutions Limited IPO
NSE SMEListed On: Oct 3, 2024 at ₹ 60.0
₹ 264000 /6000 Shares
*Min Investment
25 Sep, 2024
Open Date27 Sep, 2024
Close Date30 Sep, 2024
Allotment Date03 Oct, 2024
Listing DateExpected Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
Thinking Hats Entertainment Solutions IPO Issue Details
- Issue Price ₹42-44 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 34,29,000 shares(aggregating up to ₹15.09 crore)
- Fresh Share 34,29,000 shares(aggregating up to ₹15.09 crore)
- Listing at NSE SME
- List Price 60.0
- Listing Date 2024-10-03
- Lead Manager Horizon Financial Pvt Ltd
- Registrar Mas Services Limited
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following 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 | ₹1,32,000 |
| Retail(max) | 1 | 3000 | ₹1,32,000 |
| NII (min) | 2 | 6,000 | ₹2,64,000 |
Thinking Hats Entertainment Solutions IPO Reservation
Thinking Hats Entertainment Solutions IPO offers total 34,29,000 shares. Out of which 3,24,000 (9.45%) allocated to QIB, 8,76,000 (25.55%) allocated to NII,20,49,000 (59.76%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| 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 Details
Thinking Hats Entertainment Solutions Limited IPO is an SME IPO, priced at ₹42-44 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 34,29,000 equity shares, aggregating up to ₹15.09 crores..
The IPO bidding window is open from Sep 25, 2024 to Sep 27, 2024. The allotment is expected to be finalized on Sep 30, 2024, and the tentative listing date is Oct 3, 2024.
The minimum lot size for retail investors is 3000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.
Horizon Financial Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Mas Services Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Thinking Hats Entertainment Solutions IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 324,000 / 876,000 | 2,049,000 | 3,249,000 |
Day 1 25-09-24 06:00 PM | 10.03 / 7.84 x | 22.50 x | 17.31 x |
Day 2 26-09-24 06:00 PM | 20.07 / 30.66 x | 90.30 x | 67.22 x |
Day 3 27-09-24 06:00 PM | 67.67 / 357.00 x | 347.45 x | 322.13 x |
Thinking Hats Entertainment Solutions Valuations
Thinking Hats Entertainment Solutions Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 1,012.28 | 497.01 | 296.22 |
| Total Borrowing | 543.46 | 413.65 | 29.22 |
About Thinking Hats Entertainment Solutions Company
Founded in February 2013, Thinking Hats Entertainment Solutions Limited offers concept development, event design, and production services for live events, corporate functions, MICE, social and virtual events, and OTT content production with a focus on content development, intellectual property curation, and tech-centric product development.
The company produces original content for the likes of Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, and so on.
The company has already produced two web series for OTT platforms, that include Aapkey Kamrey Me Koi Rehta Hai and Kathmandu Connection 2, apart from the movie Onek Diner Pore in Bengali. This apart, it also prepares short films meant for YouTube content creation and makes films for the corporates, even for event purpose.
The company's clients include Tata Group, including Westside and Zudio, Goldman Sachs, McDonald's, and Uber, as well as media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment.
As of September 2024, the Company had 35 employees on payroll.
Thinking Hats Entertainment Solutions - Promoter(s)
Rajesh Bhardwaj
Gaurav Singhania
Shruti Singhania
Pre Issue Share Holding : 78.29%
Post Issue Share Holding : %
Thinking Hats Entertainment Solutions IPO - Issue Objectives
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Thinking Hats Entertainment Solutions Limited | 3.57 | 3.57 | 12.56 | N/A | 28.11 | 3.67 | Standalone |
| E Factor Experiences Limited | 13.63 | 13.63 | 38.5 | 14.2 | 30.48 | 4.39 | Consolidated |
| Inspire Films Limited | 3.07 | 3.07 | 24.8 | 17.8 | 7.62 | 1.38 | Standalone |
Notes:
- Return on Net Worth (%) = Profit for the year ended March 31, 2024 divided by Total Equity of the Company as on March 31, 2024.
- NAV is computed as the company's Total Equity as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Details
Thinking Hats Entertainment Solutions
KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai - 400 053
+91 976 915 6256
Registrar Contact Details
Thinking Hats Entertainment Solutions IPO - FAQs
Ans. Thinking Hats Entertainment Solutions Limited IPO is a SME IPO. The issue is priced at ₹42-44 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 25, 2024, and closes on Sep 27, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Thinking Hats Entertainment Solutions Limited IPO opens on Sep 25, 2024 and closes on Sep 27, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Thinking Hats Entertainment Solutions Limited IPO is 3,429,000 shares(aggregating up to ₹15.09 Cr).
Ans. The Thinking Hats Entertainment Solutions Limited IPO price band is set between ₹42-44 per equity share.
Ans. To apply for Thinking Hats Entertainment Solutions Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Thinking Hats Entertainment Solutions Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Thinking Hats Entertainment Solutions Limited IPO is Sep 30, 2024.
Ans. The Thinking Hats Entertainment Solutions Limited IPO will be listed on Oct 3, 2024.
Ans. Follow the steps to check the Thinking Hats Entertainment Solutions Limited IPO allotment status online.
