Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| 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 | 3,000 Shares |
| Total Issue Size | 34,29,000 shares (aggregating up to ₹ 15.09 Cr) |
| Fresh Issue | 34,29,000 shares (aggregating up to ₹ 15.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 90,58,150 |
| Shareholding post issue | 1,24,87,150 |
| Market Maker portion | 1,80,000 shares Giriraj Stock Broking |
About Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review
Evolved from being a premier concept development, production and event design company, Thinking Hats has now evolved as an OTT content production and experiential marketing company. With more than a decade of experience, the company now has a stronger focus on intellectual property curation, tech-centric product development, and OTT content production.
As a team, every organisation member is trying to create events and experiences by converting their client’s dreams into reality. Following a personalized and creative approach while giving the finest attention to detail, they are further bringing in professionalism and dependable solutions for all.
Thinking Hats Entertainment Solutions IPO Overview:
- Issue Size: ₹15.09 crores
- Type of Issue: Fresh issue of equity shares
- Total Shares Offered: 34.29 lakh shares
- Key Dates
- Subscription Opens: September 25, 2024
- Subscription Closes: September 27, 2024
- Price Band
- Price Range: ₹42 to ₹44 per share
- Management Team
- Book Running Lead Manager: Horizon Financial Pvt Ltd
- Registrar: Mas Services Limited
- Market Maker: Giriraj Stock Broking
Thinking Hats Entertainment Solutions Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 9.97% of the Net Issue |
| Retail Shares Offered | Not less than 63.07% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 26.96% of the Net Issue |
Company & Financials
Thinking Hats Entertainment Solutions Limited was incorporated in February 2013. It specializes in concept development, production for live events, event design, corporate functions, social and virtual events, MICE, OTT content production and experiential marketing. The organisation's focus is highly on content development, tech-centric product development and intellectual property curation. The company produced 2 web series for the OTT platforms,
- 1.Aapke Kamre Mein Koi Rehta Hai
- 2.Kathmandu Connection 2
The company also produced a Bengali movie, "Onek Diner Pore." In addition to OTT web series and movies, Thinking Hats Entertainment Solutions is focused on creating YouTube content and corporate event movies.
With its dedication and professionalism, the company today has some renowned names as its clients, like,
- 1.Tata Group
- 2.Zudio
- 3.Goldman Sachs
- 4.McDonald’s
- 5.Uber
In addition to them, some media brands like Network 18 Media & Investments, Radio Mirchi, Fever Entertainment, HT Media, and The Times of India are also on the company’s list of clients.
Objectives of Thinking Hats Entertainment Solutions IPO
The company proposes the use of Net Proceeds from the issue towards objectives, including,
- 1.Prepayment/repayment of all or a portion of some loans that have been availed by the company.
- 2.Funding the company’s working capital requirements.
- 3.General corporate purposes.
Thinking Hats Entertainment Solutions IPO Review
Thinking Hats Entertainment Solutions Limited engaged within the business of,
- 1.Event design
- 2.Production
- 3.Corporate MICE
- 4.Social and Virtual Events, etc.
The company marked the growth in the bottom and top lines for reported periods. As per FY24 earnings, the issue seems aggressively priced. It continues to operate in the highly fragmented and competitive segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears to be aggressively priced. It is operating in a highly competitive and fragmented segment. The well-informed investors might park the moderate funds for the medium term.
Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
2,670.1
₹ Crore
Profit After Tax
309.16
₹ Crore
Net Worth
1,099.86
₹ Crore
Total Borrowing
543.46
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 2,403.22 | 2,670.1 | 309.16 | 1,099.86 | 543.46 | ||||
| 31 Mar 2023 | 1,456.81 | 2,227.8 | 200.79 | 573.26 | 413.65 | ||||
| 31 Mar 2022 | 641.14 | 1,245.2 | 37.21 | 372.47 | 29.22 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹44 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹3068 and a lot size of 3000 shares.
Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-03 | ₹44 | ₹30 (68.18%) | 2024-10-03 |
Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
The organization's talented team has a successful track record in retail visual merchandising, event management, and quality digital content creation.
Established connections with clients and key figures of the entertainment industry, like, directors, writers and streaming platforms.
Strong brand recognition along with an excellent reputation in successful event management and retail visual merchandising.
Thinking Hats Entertainment Solutions Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6000 | ₹264,000 |