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21 September 2024

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 And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Thinking Hats Entertainment Solutions Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
03-10-2024	44	30 (68.18%)	03-Oct-2024 12:45
01-10-2024	44	30 (68.18%)	01-Oct-2024 12:05
30-09-2024	44	30 (68.18%)	30-Sep-2024 12:15
28-09-2024	44	30 (68.18%)	28-Sep-2024 12:05
27-09-2024	44	30 (68.18%)	27-Sep-2024 12:15
26-09-2024	44	30 (68.18%)	26-Sep-2024 12:30
25-09-2024	44	30 (68.18%)	25-Sep-2024 12:00
24-09-2024	44	25 (56.82%)	24-Sep-2024 12:40
23-09-2024	44	25 (56.82%)	23-Sep-2024 12:35

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Thinking Hats Entertainment Solutions IPO Overview

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	3000 Shares
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)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	9,058,150
Shareholding post issue	12,487,150
Market Maker portion	180,000 shares Giriraj Stock Broking

Thinking Hats Entertainment Solutions IPO Timeline (Tentative Schedule)

Detail	Description
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

Thinking Hats Entertainment Solutions Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹132,000
Retail (Max)	1	3000	₹132,000
HNI (Min)	2	6,000	₹264,000

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

Thinking Hats Entertainment Solutions IPO Promoter Holding

Share Holding Pre Issue	78.29%
Share Holding Post 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,

● Aapke Kamre Mein Koi Rehta Hai

● 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,

● Tata Group

● Zudio

● Goldman Sachs

● McDonald’s

● 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.

Competitive Strength:

● 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 Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

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

Objectives of Thinking Hats Entertainment Solutions IPO

The company proposes the use of Net Proceeds from the issue towards objectives, including,

● Prepayment/repayment of all or a portion of some loans that have been availed by the company.

● Funding the company’s working capital requirements.

● General corporate purposes.

Thinking Hats Entertainment Solutions IPO Review

● Event design
● Production
● Corporate MICE
● 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.

FAQs for Thinking Hats Entertainment Solutions IPO

Which IPO is being launched by Thinking Hats Entertainment?

The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹15.09 Crores through this. The issue has been priced at ₹42-₹44 per equity share.
When does the subscription for Thinking Hats Entertainment IPO open?

The subscription for the QIB, NII, and Retail Investors opens on September 25, 2024, and closes on September 27, 2024.
What is the issue size of Thinking Hats Entertainment's IPO?

₹15.09 crores is Hats Entertainment's IPO issue size.
What is the Price Band for Thinking Hats Entertainment's IPO?

₹42 to ₹44 is the Price Band for Thinking Hats Entertainment's IPO.
What is the lot size of Thinking Hats Entertainment?

3000 Shares with ₹132,000 amount is the lot size.
What is the Allotment date for Thinking Hats Entertainment IPO?

September 30, 2024, is the allotment date for Thinking Hats Entertainment's IPO.
What is the listing date for Thinking Hats Entertainment's IPO?

October 3, 2024, is the listing date for Thinking Hats Entertainment's IPO. The IPO will be listed on the NSE.
What is the current GMP of Thinking Hats Entertainment's IPO?

The current GMP of Thinking Hats Entertainment's IPO is 30 (68.18%).