The Thinking Hats Entertainment Solutions IPO is generating significant buzz as an SME IPO set to raise Rs 15.09 crores through a fresh issue of 34.29 lakh shares. Scheduled to open for subscription from September 25, 2024, to September 27, 2024, this IPO investment opportunity presents itself with a price band of ₹42 to ₹44 per share.
Investors looking for upcoming IPOs to invest in they will have to apply for a lot size of 3,000 shares at least, translating to a minimum investment of ₹132,000 for retail investors. High-net-worth individuals have a minimum lot size of 6,000 shares at ₹264,000. The issue will be listed on NSE SME with a tentative listing date of October 3, 2024.
Horizon Financial Pvt Ltd is the lead manager, Mas Services Limited is the registrar, and Giriraj Stock Broking is the market maker for this exciting IPO. For more detailed information, refer to the RHP of Thinking Hats Entertainment Solutions IPO.
The Thinking Hats Entertainment IPO opens for subscription on Wednesday, September 25, 2024, and closes on Friday, September 27, 2024. This entirely fresh issue consists of 34.29 lakh equity shares, valued up to Rs 15.09 crore, with a price band set at Rs 42 to Rs 44 per share.
The allotment is expected on Monday, September 30, 2024, with a listing scheduled for Thursday, October 3, 2024, on the NSE SME segment. The lowest lot size for retail investors is 3,000 shares, requiring an investment of Rs 132,000 at least, while HNIs must invest at least Rs 264,000 for 6,000 shares. Horizon Financial Private Limited serves as the book-running lead manager, with Mas Services Private Limited as the registrar.
Here are the key details of the Thinking Hats Entertainment Solutions IPO, including subscription dates, price bands, lot sizes, and more. Review the table below for a quick overview of this exciting SME IPO investment opportunity.
| Thinking Hats Entertainment Solutions Limited IPO date | September 25, 2024 to September 27, 2024 |
| Price band | ₹42 to ₹44 per share |
| Face value | ₹10 per share |
| 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) |
| Lot size | 3000 Shares |
| Share holding pre issue | 9,058,150 |
| Share holding post issue | 12,487,150 |
| Issue type | Book Built Issue IPO |
| Listing at | NSE SME |
Here's a quick overview of the important dates for the Thinking Hats Entertainment Solutions IPO. The table below outlines key milestones, from the opening date to the tentative listing date on NSE SME.
| Thinking Hats Entertainment Solutions Limited IPO open date | September 25, 2024, Wednesday |
| Thinking Hats Entertainment Solutions Limited IPO close date | September 27, 2024, Friday |
| Basis of allotment | September 30, 2024, Monday |
| Initiation of refunds | October 1, 2024, Tuesday |
| Credit of shares to demat | October 1, 2024, Tuesday |
| Listing date | October 3, 2024, Thursday |
| Cut-off time for UPI mandate confirmation | September 27, 2024, by 5 PM |
Incorporated in February 2013, Thinking Hats Entertainment Solutions Limited excels in concept development, event design, and production for live and virtual events, alongside OTT content creation and experiential marketing. The company produces exclusive content for platforms like Netflix, Amazon, and Disney+ Hotstar, having created web series such as "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2," along with the Bengali film "Onek Diner Pore."
Their diverse portfolio also includes short films for YouTube and corporate event movies. Notable clients include Tata Group, Goldman Sachs, McDonald's, and media brands like The Times of India. With a talented team and strong industry connections, Thinking Hats is renowned for excellence in event management and digital content creation, employing 35 staff as of September 2024.
This section presents a detailed examination of the financials of Thinking Hats Entertainment Solutions IPO, offering a comprehensive overview of key metrics and figures that reflect the company's performance and growth potential.
| Period Ended | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Profit after tax | 309.16 | 200.79 | 37.21 |
| Revenue | 2,670.10 | 2,227.80 | 1,245.20 |
| Assets | 2,403.22 | 1,456.81 | 641.14 |
| Net worth | 1,099.86 | 573.26 | 372.47 |
| Total borrowing | 543 | 413.65 | 29.22 |
| Reserves and surplus | 1,012.28 | 497.01 | 296.22 |
| Amount in ₹ Lakhs | |||
Thinking Hats Entertainment Solutions Ltd boasts a diversified service portfolio with over ten years of experience, complemented by a strong geographical presence. The company excels in in-house concept creation and design expertise, supported by a marquee clientele. It prioritises client satisfaction, fostering long-term relationships.
Additionally, the management team is well-experienced, demonstrating proven project management and implementation skills, which further enhances the company's ability to deliver impressive service and maintain industry credibility.
Despite its strengths, the company faces several risks that could impact its operations. A significant reliance on the event management division means any interruptions in this area may adversely affect revenue.
The firm is also vulnerable to claims related to performance issues and seasonal fluctuations that could disrupt cash flows. Furthermore, dependency on long-term customers, limited geographical operation, and potential regulatory challenges may pose risks to its financial stability and overall performance.
The Thinking Hats Entertainment Solutions Limited IPO SME offers a compelling opportunity for investors, showcasing a market capitalisation of Rs 54.94 crore and robust financial metrics as of March 31, 2024. The company features impressive ROE and ROCE of 28.11% and 29.37%, respectively, alongside a manageable debt-to-equity ratio of 0.49 and a PAT margin of 11.61%.
The pre-IPO EPS is ₹3.41, projected to adjust to ₹2.48 post-issue, highlighting growth potential. The proceeds will be utilised for working capital, loan repayment, and general corporate purposes. With a last Thinking Hats Entertainment Solutions Limited IPO GMP of ₹15, the estimated listing price of ₹59 indicates a potential gain of 34.09%, making this SME IPO an attractive investment choice.
The Thinking Hats Entertainment Solutions IPO is an SME IPO comprising 3,429,000 equity shares with a face value of ₹10, raising to ₹15.09 crores. The share price is set between ₹42 and ₹44, with a minimum order quantity of 3,000 shares. The IPO will open on September 25, 2024, and close on September 27, 2024. Mas Services Limited serves as the registrar for this IPO. The shares are expected to be listed on the NSE SME.
The Thinking Hats Entertainment Solutions IPO will open for subscription on September 25, 2024, and will close on September 27, 2024.
The basis of allotment for the Thinking Hats Entertainment Solutions IPO will be finalised on Monday, September 30, 2024. The allotted shares are expected to be credited to your demat account by Tuesday, October 1, 2024. For updates, you can check the Thinking Hats Entertainment Solutions IPO allotment status.
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