Thinking Hats Entertainment Solutions IPO Opens To Strong Investor Demand
The Initial Public Offering (IPO) of Thinking Hats Entertainment Solutions Ltd, which opened for subscription on Wednesday, has been met with strong investor interest. The IPO was heavily oversubscribed within a few hours of its launch. Seeking to raise Rs 15.09 crores, the IPO consists entirely of fresh equity shares, totaling 34.29 lakh shares. The allocation among investor categories is as follows: 9.45% to Qualified Institutional Buyers (QIBs), 25.55% to Non-Institutional Investors (NIIs), and 59.76% to Retail Individual Investors (RIIs).
The IPO opened for subscription on September 25, 2024, and will close on September 27, 2024. The allotment for the IPO is expected to be finalized by September 30, 2024. Following the allotment, the shares of Thinking Hats Entertainment Solutions are anticipated to list on the NSE on 3rd October 2024. The price band for the IPO has been set at Rs.42 to Rs.44 per share. Retail investors can participate with a minimum investment of Rs.132,000, which corresponds to a lot size of 3000 shares. For HNIs, the minimum investment is Rs.264,000, requiring the purchase of 2 lots.
Thinking Hats Entertainment Solutions Limited, founded in 2013, specializes in event planning and production. They offer services for live events, corporate functions, MICE, social events, virtual events, and OTT content.
The company's revenue grew by 20% and profit after tax rose by 54% in the past year, indicating a promising future.


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