Thinking Hats Entertainment Solutions IPO Subscription Status

Thinking Hats Entertainment Solutions' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in an impressive 322.19 times oversubscription by the end of day three. This response underscores the strong market appetite for Thinking Hats Entertainment Solutions' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 25th September 2024, has seen significant growth in investor participation across all categories. Thinking Hats Entertainment Solutions attracted bids for 1,04,67,99,000 equity shares amounting to ₹4,605.92 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors and Qualified Institutional Buyers (QIB).

Subscription Status of Thinking Hats Entertainment Solutions IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Thinking Hats Entertainment Solutions IPO as of Day 3 (27th September 2024):

Total Applications: 237,436 (347.64 times)

Note: The total amount is calculated based on the final issue price or the price in the upper price range.

Key Highlights:

• The IPO of Thinking Hats Entertainment Solutions is currently subscribed 322.19 times, with exceptional demand across all investor categories.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 356.81 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 347.64 times.
• Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 67.67 times.
• The overall subscription trend increased dramatically day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Thinking Hats Entertainment Solutions IPO - Day 2 Subscription at 67.22 Times

Key Highlights:

• On Day 2, Thinking Hats Entertainment Solutions' IPO was subscribed 67.22 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 90.30 times.
• Non-Institutional Investors (NII) showed substantial interest with a subscription ratio of 30.66 times.
• Qualified Institutional Buyers (QIB) showed growing interest with a subscription ratio of 20.07 times.
• The overall subscription trend indicated building momentum, with all investor categories showing significant increased participation.

Thinking Hats Entertainment Solutions IPO - Day 1 Subscription at 17.31 Times

Key Highlights:

• The IPO of Thinking Hats Entertainment Solutions was subscribed 17.31 times on Day 1, with strong initial demand across all investor categories.
• Retail investors showed early strong interest with a subscription ratio of 22.50 times.
• Qualified Institutional Buyers (QIB) showed significant initial interest with a subscription ratio of 10.03 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 7.84 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Thinking Hats Entertainment Solutions Limited:

Thinking Hats Entertainment Solutions Limited, established in February 2013, specializes in concept development, event design, and production for entertainment and corporate events across live and digital platforms. The company offers a wide range of services, including live event production, corporate MICE events, social and virtual functions, OTT content production, and experiential marketing. It has created exclusive content for major OTT platforms like Netflix, Amazon, and Disney+Hotstar, and produced notable titles such as the web series Kathmandu Connection 2 and the Bengali film Onek Diner Pore. With a strong client base, including Tata Group, Goldman Sachs, and media giants like The Times of India, Thinking Hats has built a reputation for delivering high-quality projects. The company reported ₹26.70 crore in revenue for FY 2024, with a 20% YoY growth and ₹3.09 crore in profits, reflecting a 54% increase. Its robust financial metrics and experienced team position it well for continued success in the evolving entertainment and event management industry.

Read more about Thinking Hats Entertainment Solutions IPO

Highlights of the Thinking Hats Entertainment Solutions IPO:

• IPO Date: 25th September 2024 to 27th September 2024
• Listing Date: 3rd October 2024 (Tentative)
• 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
• Book Running Lead Manager: Horizon Financial Pvt Ltd
• Registrar: Mas Services Limited
• Market Maker: Giriraj Stock Broking