Thinking Hats Entertainment Solutions is scheduled to hit the market on September 25, 2024 and close on September 27, 2024. Thinking Hats Entertainment Solutions plans to raise around ₹15.09 Cr through an IPO with a sale of up to 3,429,000 equity shares of ₹10 each. The Retail offered 63.07%, QIB Shares Offered 9.97%, HNI Shares Offered 26.96%.
Thinking Hats Entertainment Solutions Limited was started in February 2013. The company focuses on developing ideas, designing events, and producing live shows, corporate functions, MICE, social and virtual events. They also create content for OTT platforms like Netflix, Amazon, and Disney+Hotstar. So far, they have produced two web series, “Aapkey Kamrey Me Koi Rehta Hai” and “Kathmandu Connection 2,” along with a Bengali movie called “Onek Diner Pore.” Additionally, they make short films for YouTube and corporate event videos.
The company has worked with well-known clients such as Tata Group, Goldman Sachs, McDonald's, and Uber. They are also connected with major media brands like The Times of India and Radio Mirchi. Their strengths include a talented team with experience in event management and digital content creation. They have built strong relationships with clients and key people in the entertainment industry and are known for their quality work in event management and visual merchandising. As of September 2024, there are 35 employees working for the company.
Thinking Hats Entertainment Solutions IPO Details
Thinking Hats Entertainment Solutions IPO opens on September 25, 2024, and closes on September 27, 2024. The Listing date for Thinking Hats Entertainment Solutions IPO is on October 03, 2024. The price band for IPO is ₹42 to ₹44 per share and lot size of 3000 Shares.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 03, 2024 |
| Price | ₹42 to ₹44 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹15.09 Cr |
| Face Value | ₹10 per share |
Thinking Hats Entertainment Solutions IPO Tentative Timetable
Thinking Hats Entertainment Solutions opening date is September 25, 2024 and close date is September 27, 2024. The IPO allotment date is September 30, 2024. Therefund initiation of IPO is on October 01, 2024. The credit of shares in demat account is on October 01, 2024. The listing date is on October 03, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 25, 2024 |
| IPO Closing | September 27, 2024 |
| IPO Allotment Date | September 30, 2024 |
| Refund Initiation | October 01, 2024 |
| Shares Credit to Demat | October 01, 2024 |
| Lisiting Date | October 03, 2024 |
Thinking Hats Entertainment Solutions IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹132,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹132,000 |
| Retail(Maximum) | 1 | 3000 | ₹132,000 |
| HNI (Minimum) | 2 | 6000 | ₹264,000 |
Thinking Hats Entertainment Solutions IPO Promoter Holding
| Pre Issue Share Holding | 78.29% |
| Post Issue Share Holding |
Thinking Hats Entertainment Solutions IPO Review
The company is launching its first book building route IPO, offering 3,429,000 equity shares at a price of ₹10 each. The goal is to raise ₹15.09 crores at the highest price.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 12.45 cr. / Rs. 0.37 cr. (FY22), Rs. 22.28 cr. / Rs. 2.01 cr. (FY23), Rs. 26.70 cr. / Rs. 3.09 cr. (FY24).
For the last three fiscals, it has reported an average EPS of Rs. 2.63 and an average RoNW of 27.40%. The issue is priced at a P/BV of 3.50 based on its NAV of Rs. 12.56 as of March 31, 2024, and at a P/BV of 2.11 based on its post-IPO NAV of Rs. 20.89 per share (at the upper cap).
If we attribute FY24 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 17.74. Based on FY23 earnings, the P/E stands at 27.33. Thus the issue relatively appears aggressively priced. Super performance in a pre-IPO year raises eyebrows and concern over its sustainability, as the company is operating in a highly competitive and fragmented segment.
The company reported PAT margins of 3.21% (FY22), 9.07% (FY23), 11.61% (FY24), and RoCE margins of 11.86 %, 29.25%, 29.37% for the referred periods, respectively.
The company works in event design, production, corporate meetings, social events, and virtual events. It has shown growth in both its sales and profits in the recent periods. Based on its earnings for FY24, the stock seems to be priced quite high. It operates in a very competitive and divided market. Smart investors may consider investing a moderate amount for the medium term.
Thinking Hats Entertainment Solutions IPO Subscription Status (Bidding Details)
Table not foundThinking Hats Entertainment Solutions IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Thinking Hats Entertainment Solutions IPO FAQs
What is Thinking Hats Entertainment Solutions IPO?
Thinking Hats Entertainment Solutions is issuing 3,429,000 equity shares with a face value of ₹10 each, totaling up to ₹15.09 Cr. The shares are being offered at a price of ₹42 to ₹44 each, with a minimum order quantity of 3000 shares.
Mas Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Thinking Hats Entertainment Solutions IPO will open?
Thinking Hats Entertainment Solutions will open on September 25, 2024 for QIB, NII, and Retail Investors.
When Thinking Hats Entertainment Solutions IPO will end?
Thinking Hats Entertainment Solutions will end on September 27, 2024.
What is Thinking Hats Entertainment Solutions IPO Size?
Thinking Hats Entertainment Solutions IPO size is ₹15.09 Cr.
What is Thinking Hats Entertainment Solutions IPO Price Band?
Thinking Hats Entertainment Solutions price band is ₹42 to ₹44 per share.
What is Thinking Hats Entertainment Solutions IPO Allotment Date?
Thinking Hats Entertainment Solutions allotment date is September 30, 2024.
What is Thinking Hats Entertainment Solutions IPO Listing Date?
Thinking Hats Entertainment Solutions listing date is October 03, 2024. The IPO is to be listed on BSE and NSE.
How to Thinking Hats Entertainment Solutions IPO through Zerodha?
To apply for the IPO “Thinking Hats Entertainment Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Thinking Hats Entertainment Solutions IPO through Upstox?
To apply for the IPO “Thinking Hats Entertainment Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Thinking Hats Entertainment Solutions IPO Allotment Status?
For Thinking Hats Entertainment Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Thinking Hats Entertainment Solutions IPO GMP?
You can check out here: Thinking Hats Entertainment Solutions IPO GMP. Check all IPO GMP here.