IPO

Thinking Hats Entertainment Solutions Ltd. IPO

Thinking Hats Entertainment Solutions Ltd., established in 2013, operates in the Services - Others sector. The company's IPO opened on September 25, 2024 and closed on September 27, 2024, with an ... Read more

Min Investment
₹ 1,32,000 / 3000 shares
Price Range
₹42 - ₹ 44
Bidding Dates
25 Sep '24 - 27 Sep '24
Total Issue Value
15.09 Cr
Lot Size
3,000
Total Issue Size
15.09 Cr
Listing At
NSE SME
Subscription
307.24 times
NSE Price
42.65 (-3.07%)

IPO Timeline

  • 25 Sep 2024
    Bidding Starts
  • 27 Sep 2024
    Bidding Ends
  • 30 Sep 2024
    Allotment Finalization
  • 3 Oct 2024
    Listing

About Thinking Hats Entertainment Solutions Ltd.

Thinking Hats has evolved from a premier concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a ... Read more

Parent organisation
Founded
Thinking Hats Entertainment Solutions Ltd.
2013

Thinking Hats Entertainment Solutions Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 1,80,000 (5.25%)
Non Institutional Investors 8,76,000 (25.55%)
Qualified Institutional Buyers (QIBs) 3,24,000 (9.45%)
Retail Individual Investors (RIIs) 20,49,000 (59.76%)

Thinking Hats Entertainment Solutions Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 26.70 Cr 3.09 Cr 10.12 Cr
31 Mar 2023 22.28 Cr 2.01 Cr 4.97 Cr
31 Mar 2022 12.45 Cr 37.21 Lakh 2.96 Cr

Thinking Hats Entertainment Solutions Ltd. Background

Major Events And Milestones
  • 2015
    We expanded our business operations to Maharashtra
    Our Company diversified its business by venturing into Retail Visual Merchandising
  • 2016
    Our Company successfully launched our first OTT production, “Aapkey Kamrey Main Koi Rehtaha Hai”
  • 2022
    Our Company along with JAR Pictures Indian Motion Picture Production Company, successfully launched our first OTT co production, “Kathmandu Connection 2”
  • 2023
    Commencement of Noida Office
  • 2024
    Commencement of Delhi Office
    We successfully registered an intellectual property for our original musical, “Soulless” to secures the creative rights of our musical project.
Thinking Hats Entertainment Solutions Ltd. Object of Issues

1. Prepayment or repayment of all or a portion of certain loans availed by our Company
2. Funding of working capital requirements of our Company
3. General corporate purposes

Thinking Hats Entertainment Solutions Ltd. IPO Listing Details
Listing Date
3 Oct 2024
NSE Symbol
THESL
ISIN
INE0SHE01019
Final Issue Price
₹ 44
Thinking Hats Entertainment Solutions Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 44.00
Open - ₹ 60.00
Low - ₹ 57.00
High - ₹ 61.00
Last Trade - ₹ 57.00
Thinking Hats Entertainment Solutions Ltd. Company Promoters

1. Rajesh Bhardwaj
2. Gaurav Singhania
3. Shruti Singhania

Industry Overview

The India Events & Exhibition Market is Segmented by Type (B2B, B2C, Mixed/Hybrid), Revenue Stream (Exhibitor Fee, Sponsorship Fee, Entrance Fee, Services), End User (Consumer Goods and Retail, Automotive and Transportation, Industrial, Entertainment, Real Estate and Property, Hospitality, ... Read more

Thinking Hats Entertainment Solutions Ltd. Contact Details
Address: KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai Maharashtra - 400053
Phone no:9769156256
9769156256
|
Thinking Hats Entertainment Solutions Ltd. IPO Registrar
MAS Services Ltd.
T-34, 2nd Floor, Okhla Industrial Area Phase II, New Delhi Delhi - 110020
26387281,26387282, 26387283
Thinking Hats Entertainment Solutions Ltd. IPO Lead Manager(s)
Horizon Management Pvt. Ltd.
19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata West Bengal - 700001
46000607

FAQs

When does Thinking Hats Entertainment Solutions Ltd. IPO opens and closes?

Thinking Hats Entertainment Solutions Ltd. IPO opens from 25th September to 27th September 2024.

What is the size of Thinking Hats Entertainment Solutions Ltd. IPO?

The size of the Thinking Hats Entertainment Solutions Ltd. IPO is ₹15.09 Cr.

What is the price range of Thinking Hats Entertainment Solutions Ltd. IPO?

The price range of Thinking Hats Entertainment Solutions Ltd. IPO is at ₹42 to ₹44 per share.

What is the minimum investment and lot size required for the Thinking Hats Entertainment Solutions Ltd. IPO?

The minimum investment required is ₹1,32,000 and minimum lot size is 3000 shares.

When is Thinking Hats Entertainment Solutions Ltd. IPO listing date?

The Thinking Hats Entertainment Solutions Ltd. IPO will be listed on 3rd October 2024.

What is the objective of Thinking Hats Entertainment Solutions Ltd. IPO?

1. Prepayment or repayment of all or a portion of certain loans availed by our Company
2. Funding of working capital requirements of our Company
3. General corporate purposes

Latest Updates

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.

 

25 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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