Thinking Hats Entertainment Solutions IPO
IPO Listing Details
- Listing Date
03 Oct 2024
- Listing Price
₹ 60.00
- Listing Change
36.36%
- Last Traded Price
₹ 41.00
IPO Details
- Open Date
25 Sep 2024
- Close Date
27 Sep 2024
- IPO Price Range
₹ 42 - ₹ 44
- IPO Size
₹ 15.09 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Oct 2024
IPO Timeline
Thinking Hats Entertainment Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Sep-24 | 10.03 | 7.76 | 22.04 | 16.99 |
| 26-Sep-24 | 20.07 | 30.52 | 88.63 | 66.13 |
| 27-Sep-24 | 67.67 | 356.81 | 347.64 | 322.19 |
Last Updated: 01 October 2024 9:39 AM by 5Paisa
Thinking Hats Entertainment Solutions IPO is set to open on 25 September 2024 and will close on 27 September 2024. Thinking Hats Entertainment Solutions focuses on creating and producing concepts for live events, corporate functions and virtual experiences.
The IPO includes a fresh issue of 34.29 lakh shares aggregating ₹15.09 Cr and it does not include offer for sale. The price range is set between ₹42 - ₹44 per share and the lot size is 3000 shares.
The allotment is scheduled to be finalized on 30 September 2024. It will go public on NSE SME, with a tentative listing date of 3 October 2024.
Horizon Financial Pvt Ltd is the book running lead manager, while Mas Services Limited is the registrar.
Thinking Hats IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹15.09 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹15.09 Cr |
Thinking Hats 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 IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 67.67 | 3,24,000 | 2,19,24,000 | 96.47 |
| NII (HNI) | 356.81 | 8,76,000 | 31,25,67,000 | 1,375.29 |
| Retail | 347.64 | 20,49,000 | 71,23,08,000 | 3,134.16 |
| Total | 322.19 | 32,49,000 | 1,04,67,99,000 | 4,605.92 |
1. For working capital requirements
2. Repayment of some outstanding borrowings
3. General corporate purposes
Incorporated in February 2013, Thinking Hats Entertainment Solutions specializes in creating concepts and producing live events, corporate functions, social events and virtual experiences. They also focus on OTT content production and experiential marketing, emphasizing content development and technology driven products.
The company creates exclusive content for popular OTT platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+ Hotstar, Voot and Zee5. They have produced two web series, Aapkey Kamrey Me Koi Rehta Hai and Kathmandu Connection 2 along with a Bengali movie titled Onek Diner Pore. Additionally, they make short films for YouTube and corporate event videos.
Their clients include major brands like Tata Group (Westside and Zudio), Goldman Sachs, McDonald's and Uber as well as media companies like Times of India, HT Media, Network 18, Radio Mirchi and Fever Entertainment. As of September 2024, the company employs 35 people.
Peers
E Factor Experiences Limited
Inspire Films Limited
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 26.70 | 22.28 | 12.45 |
| EBITDA | 4.90 | 2.90 | 0.54 |
| PAT | 3.09 | 2.01 | 0.37 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 24.03 | 14.57 | 6.41 |
| Share Capital | 0.88 | 0.76 | 0.76 |
| Total Borrowings | 5.43 | 4.14 | 0.29 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.45 | 2.34 | 0.98 |
| Net Cash Generated From / (used in) investing activities | -4.08 | -5.62 | -1.51 |
| Net Cash Generated From / (used in) financing activities | 2.95 | 3.07 | 0.27 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.32 | -0.21 | -0.26 |
Strengths
1. With over 10 years of experience, the company offers a wide range of services, including event design, production, and content creation for both live and digital platforms. This diversification allows them to cater to various client needs and market trends.
2. The company has established long term relationships with a prestigious clientele including major brands like Tata, Goldman Sachs and McDonald's. This not only enhances its reputation but also ensures repeat business and referrals.
3. The company has a well experienced management team with proven skills in project management and implementation. Their concept creation and design expertise contribute to high quality service delivery and successful project outcomes.
Risks
1. The entertainment and event management industry is highly competitive, with numerous players vying for market share. This competition could impact profitability and market positioning.
2. Relying heavily on a few marquee clients can be risky. If any of these clients reduce their spending or switch to competitors, it could affect the company’s revenue.
3. The company's performance can be affected by economic downturns as businesses often cut back on marketing and event expenditures during tough economic times. This sensitivity could lead to fluctuating income and project cancellations.
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FAQs
Thinking Hats Entertainment Solutions IPO opens from 25 September to 27 September 2024.
The size of the Thinking Hats Entertainment Solutions IPO is ₹15.09 Cr.
The price of the Thinking Hats Entertainment Solutions IPO is fixed between ₹42 -₹44 per share.
To apply for Thinking Hats Entertainment Solutions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Thinking Hats Entertainment Solutions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Thinking Hats Entertainment Solutions IPO is 3000 shares and the investment required is ₹1,26,000.
The share allotment date of Thinking Hats Entertainment Solutions IPO is 30 September 2024
The Thinking Hats Entertainment Solutions IPO will be listed on 3 October 2024.
Horizon Financial Pvt Ltd is the book running lead manager for Thinking Hats Entertainment Solutions IPO.
Thinking Hats Entertainment Solutions plans to utilize the raised capital from the IPO for:
1. For working capital requirements
2. Repayment of some outstanding borrowings
3. General corporate purposes
Contact Information
Thinking Hats Entertainment Solutions
Thinking Hats Entertainment Solutions Limited
KU220, Kuber Kartik, New Link Road
Prem Co-operative Society
Andheri West, Mumbai - 400 053
Phone: +91 976 915 6256
Email: info@thes.in
Website: https://thes.in/
Thinking Hats Entertainment Solutions IPO Register
Mas Services Limited
T - 34, 2nd Floor
Okhla Industrial Area, Phase - II
New Delhi - 110 020
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Thinking Hats Entertainment Solutions IPO Lead Manager
Horizon Financial Pvt Ltd
