Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Wed, Sep 25, 2024 - Fri, Sep 27, 2024
Thinking Hats Entertainment IPO is a book build issue of ₹15.09 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹15.09 crore.
Thinking Hats Entertainment IPO bidding started from Sep 25, 2024 and ended on Sep 27, 2024. The allotment for Thinking Hats Entertainment IPO was finalized on Sep 30, 2024. The shares got listed on NSE SME on Oct 3, 2024.
Thinking Hats Entertainment IPO price band is set at ₹44 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,32,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,64,000.
Horizon Financial Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Thinking Hats Entertainment IPO RHP for detailed Information.
IPO Open
Wed, Sep 25, 2024
IPO Close
Fri, Sep 27, 2024
Issue Price
₹44 per share
Market Cap (Pre-IPO)
₹54.94 Cr
| IPO Date | 25 to 27 Sep, 2024 |
| Listed on | Thu, Oct 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹44 |
| Issue Price | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,29,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,80,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.7920 Cr) |
| Fresh Issue (Ex Market Maker) | 32,49,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 32,49,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 90,58,150 shares |
| Share Holding Post Issue | 1,24,87,150 shares |
| NSE Symbol | THESL |
| ISIN | INE0SHE01019 |
Thinking Hats Entertainment IPO comprises a total issue size of 34,29,000 shares. The net offer to the public is 32,49,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 3,24,000 (9.97%) are allocated to QIB, 8,76,000 (26.96%) allocated to NII 20,49,000 (63.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,24,000 | 9.97% | 9.45% |
| NII (HNI) Shares Offered | 8,76,000 | 26.96% | 25.55% |
| Retail Shares Offered | 20,49,000 | 63.07% | 59.76% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.25% | |
| Total Shares Offered | 34,29,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,32,000 |
| Retail (Max) | 1 | 3,000 | ₹1,32,000 |
| HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Incorporated in February 2013, Thinking Hats Entertainment Solutions Limited specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events, as well as OTT content production and experiential marketing with a focus on content development, intellectual property curation, and tech-centric product development.
The company makes exclusive content for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc.
The company has produced two web series for OTT platforms: "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2", as well as one Bengali movie titled "Onek Diner Pore". In addition to movies and OTT web series, we also create short films for YouTube content and corporate event movies.
The company's clients include Tata Group, including Westside and Zudio, Goldman Sachs, McDonalds, and Uber, as well as media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment.
Competitive Strength
As of September 2024, the Company had 35 employees on payroll.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24.03 | 14.57 | 6.41 |
| Total Income | 26.70 | 22.28 | 12.45 |
| Profit After Tax | 3.09 | 2.01 | 0.37 |
| NET Worth | 11.00 | 5.73 | 3.72 |
| Reserves and Surplus | 10.12 | 4.97 | 2.96 |
| Total Borrowing | 5.43 | 4.14 | 0.29 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain loans availed by the Company; | 2.00 |
| 2 | Funding of working capital requirements of the Company | 8.40 |
| 3 | General corporate purposes | 2.80 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 28.11% |
| ROCE | 29.37% |
| Debt/Equity | 0.49 |
| RoNW | 28.11% |
| PAT Margin | 11.61% |
| Price to Book Value | 3.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.41 | 2.48 |
| P/E (x) | 12.89 | 17.77 |
| Promoter Holding | 78.29% | 56.78% |
| Market Cap | ₹54.94 Cr. |
The Thinking Hats Entertainment Solutions IPO is subscribed 322.19 times on September 27, 2024 6:19:59 PM (Day 3). The public issue subscribed 347.64 times in the retail category, 67.67 times in the QIB category, and 356.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 67.67 | 3,24,000 | 2,19,24,000 |
| NII* | 356.81 | 8,76,000 | 31,25,67,000 |
| Retail | 347.64 | 20,49,000 | 71,23,08,000 |
| Total | 322.19 | 32,49,000 | 1,04,67,99,000 |
Total Application : 2,37,436
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.63 |
| 2 | Marketing and Selling Commission and expenses | 1.00 |
| 3 | Advertising and marketing expenses | 0.11 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.05 |
| 9 | Miscellaneous | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹61.00 |
| Last Trade | ₹57.00 |
Lead Manager Reports
Thinking Hats Entertainment IPO is a SME IPO of 34,29,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Sep 25, 2024, and closes on Fri, Sep 27, 2024.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Thinking Hats Entertainment IPO using UPI as a payment gateway. Zerodha customers can apply in Thinking Hats Entertainment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thinking Hats Entertainment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thinking Hats Entertainment IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024.
Thinking Hats Entertainment IPO lot size is 3000, and the minimum amount required for application is ₹1,32,000.
You can apply in Thinking Hats Entertainment IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Thinking Hats Entertainment IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tue, Oct 1, 2024. Check the Thinking Hats Entertainment IPO allotment status.
The Thinking Hats Entertainment IPO listing date is on Thu, Oct 3, 2024.
