Thinking Hats Entertainment IPO Date, Review, Price, Allotment Details

Thinking Hats Entertainment IPO is opening for subscription on September 25, 2024, and closing on September 27, 2024. This NSE SME IPO aims to raise ₹15.09 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Thinking Hats Entertainment IPO is fixed at ₹42 – ₹44 Per Share, with a market lot of 3000 share. The allocation for this IPO is as follows: 63.07% for retail investors, 9.97% for QIBs, and 26.96% for high-net-worth individuals (HNI). Thinking Hats Entertainment IPO Allotment will done on September 30, 2024, and Thinking Hats Entertainment IPO listing date is October 3, 2024.

 

Thinking Hats Entertainment Company Profile

Thinking Hats Entertainment Solutions Limited is a dynamic and versatile event management and content creation company that has made a significant mark in India’s entertainment industry. Originally incorporated on February 11, 2013, as a private limited company under the Companies Act, 1956, it transitioned into a public limited company on August 18, 2023. Based in Mumbai, the company specializes in an extensive range of services, from live event management to content development for the rapidly growing OTT platforms.

Core Services

Thinking Hats Entertainment initially established itself as a premier event management company, offering comprehensive solutions for corporate events, MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as social and virtual events. Over time, the company diversified its offerings and became a major player in the OTT content production space. This evolution saw the company focusing not just on managing events but also on producing engaging content, curating intellectual property, and venturing into experiential marketing.

The company provides event management services across various industries, including:

• Media
• Retail
• Financial Services
• Food and Beverages
• Education
• Healthcare
• Technology

Their services extend to retail visual merchandising and in-store solutions, helping clients enhance their retail experiences through innovative displays.

Vision and Team

The success of Thinking Hats Entertainment is driven by a team of highly skilled professionals with vast experience in the industry. The company’s promoters, Rajesh Bhardwaj (Managing Director), Gaurav Singhania (Whole-time Director and CFO), and Shruti Singhania (Non-Executive Non-Independent Director), have played pivotal roles in steering the company’s growth. Their strategic leadership and commitment to innovation have helped Thinking Hats secure a strong client base, serving leading names across multiple industries.

With a client-centric approach, the company strives to convert the creative vision of its clients into reality. Their team of experts in event production, marketing, and content development ensures that every project is delivered with excellence and attention to detail.

 

Thinking Hats Entertainment IPO GMP

 

Thinking Hats Entertainment IPO Objectives

The funds raised through the IPO will be utilized for:

1. Prepayment or repayment of loans.
2. Funding the company’s working capital requirements.
3. General corporate purposes.

 

Thinking Hats Entertainment IPO Key Details

• Thinking Hats Entertainment IPO Open Date: September 25, 2024
• Thinking Hats Entertainment IPO Close Date: September 27, 2024
• Thinking Hats Entertainment IPO Size: Approximately ₹15.09 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Thinking Hats Entertainment IPO Price Band: ₹42 – ₹44 Per Equity Share
• Thinking Hats Entertainment IPO Listing on: NSE SME IPO
• Retail Quota: 63.07% of the net offer
• QIB Quota: 9.97% of the net offer
• HNI Quota: 26.96% of the net offer

 

Thinking Hats Entertainment IPO Timeline

• Thinking Hats Entertainment IPO Open Date: September 25, 2024
• Thinking Hats Entertainment IPO Close Date: September 27, 2024
• Basis of Allotment: September 30, 2024
• Refunds: October 1, 2024
• Credit to Demat Account: October 1, 2024
• Thinking Hats Entertainment IPO Listing Date: October 3, 2024

 

How to Apply for Thinking Hats Entertainment IPO

Investors can apply for the Thinking Hats Entertainment IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Thinking Hats Entertainment Financial Performance (in Crores)

• Year 2024: Assets: ₹24.03 Cr, Revenue: ₹26.70 Cr, Expenses: ₹22.40 Cr, PAT: ₹3.09 Cr
• Year 2023: Assets: ₹14.57 Cr, Revenue: ₹22.28 Cr, Expenses: ₹19.53 Cr, PAT: ₹2.01 Cr
• Year 2022: Assets: ₹6.41 Cr, Revenue: ₹12.45 Cr, Expenses: ₹11.97 Cr, PAT: ₹0.37 Cr

 

Thinking Hats Entertainment Valuation FY2024

• Return on Equity (ROE): 28.11%
• Return on Capital Employed (ROCE): 29.37%
• EBITDA Margin: 18.76%
• PAT Margin: 11.61%
• Debt-to-Equity Ratio: 0.49
• EPS (Basic): ₹3.57
• Net Asset Value (NAV): ₹12.56

 

Thinking Hats Entertainment Peer Group

• E Factor Experiences Ltd: EPS: 13.63, PE Ratio: 14.20, RoNW: 30.48%, NAV: 38.50, Revenue: ₹148.56 Cr
• Inspire Films Ltd: EPS: 3.07, PE Ratio: 17.80, RoNW: 7.62%, NAV: 24.80, Revenue: ₹30.37 Cr

 

Thinking Hats Entertainment Company Promoters

• Rajesh Bhardwaj
• Gaurav Singhania
• Shruti Singhania

 

Thinking Hats Entertainment IPO Registrar

Mas Services Limited
T – 34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110 020
Website: https://www.masserv.com/opt.asp
Phone: (011) 2610 4142
Email: ipo@masserv.com

 

Thinking Hats Entertainment IPO Allotment Status Check

• Check the Thinking Hats Entertainment IPO allotment status on the Mas Services website.

 

Thinking Hats Entertainment IPO Allotment Link

• Check the Thinking Hats Entertainment IPO allotment on the Check Ipo Allotment website.

 

Thinking Hats Entertainment IPO Lead Managers (Merchant Bankers)

• Horizon Financial Pvt Ltd

 

Thinking Hats Entertainment Company Address

KU220, Kuber Kartik,
New Link Road, Prem Co-operative Society,
Andheri West,
Andada,Maharashtra-400 053 India
Website: https://thes.in/
Phone: +91 976 915 6256
Email: info@thes.in

 

Thinking Hats Entertainment IPO FAQs

 

What is Thinking Hats Entertainment IPO?

Thinking Hats Entertainment IPO is an NSE SME IPO. They are going to raise ₹15.09 Crores via IPO. The issue is priced at ₹42 – ₹44 Per equity share. The IPO is to be listed on NSE.

 

When will the Thinking Hats Entertainment IPO open?

The IPO is to open on September 25, 2024, for NII, and Retail Investors.

 

What is Thinking Hats Entertainment IPO Investors Portion?

The investors’ portion for QIB is 9.96%, NII is 26.96%, and Retail is 63.07%.

 

How to Apply for the Thinking Hats Entertainment IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Thinking Hats Entertainment IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Thinking Hats Entertainment IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Thinking Hats Entertainment IPO Size?

Thinking Hats Entertainment IPO size is ₹15.09 Crores.

 

What is Thinking Hats Entertainment IPO Price Band?

Thinking Hats Entertainment IPO Price Band is ₹42 – ₹44 Per equity share.

 

What is Thinking Hats Entertainment IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 share with ₹132,000.

 

What is Thinking Hats Entertainment IPO Allotment Date?

Thinking Hats Entertainment IPO allotment date is September 30, 2024.

 

What is Thinking Hats Entertainment IPO Listing Date?

Thinking Hats Entertainment IPO listing date is October 3, 2024. The IPO to list on NSE SME IPO.