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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 ₹44.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,26,000 (3000 shares). The minimum lot size investment for 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 Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹42 to ₹44 per share |
| Issue Price Final | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,29,000 shares (aggregating up to ₹15.09 Cr) |
| Reserved for Market Maker | 1,80,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.7920 Cr) |
| Net Offered to Public | 32,49,000 shares (aggregating up to ₹14.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 90,58,150 shares |
| Share Holding Post Issue | 1,24,87,150 shares |
Thinking Hats Entertainment Solutions IPO offers total 34,29,000 shares. Out of which 3,24,000 (9.45%) allocated to QIB, 8,76,000 (25.55%) allocated to NII, 20,49,000 (59.76%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.25%) |
| QIB Shares Offered | 3,24,000 (9.45%) |
| NII (HNI) Shares Offered | 8,76,000 (25.55%) |
| Retail Shares Offered | 20,49,000 (59.76%) |
| Total Shares Offered | 34,29,000 (100.00%) |
Thinking Hats Entertainment IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wed, Sep 25, 2024 |
| IPO Close Date | Fri, Sep 27, 2024 |
| Tentative Allotment | Mon, Sep 30, 2024 |
| Initiation of Refunds | Tue, Oct 1, 2024 |
| Credit of Shares to Demat | Tue, Oct 1, 2024 |
| Tentative Listing Date | Thu, Oct 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 27, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,403.22 | 1,456.81 | 641.14 |
| Total Income | 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 | |||
The market capitalization of Thinking Hats Entertainment IPO is ₹54.94 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 3.41 | 2.48 |
| P/E (x) | 12.89 | 17.77 |
[Dilip Davda] The company is engaged in the business of event design, production, corporate MICE, social and virtual events etc. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate fund for medium term. Read detail review...
| Listing Date | October 3, 2024 |
| BSE Script Code | |
| NSE Symbol | THESL |
| ISIN | INE0SHE01019 |
| Final Issue Price | ₹44 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹61.00 |
| Last Trade | ₹57.00 |
Thinking Hats Entertainment Solutions Ltd.
KU220, Kuber Kartik, New Link Road
Prem Co-operative Society,
Andheri West,
Mumbai, Maharashtra, 400053
Phone: +91 976 915 6256
Email: info@thes.in
Website: https://thes.in/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Thinking Hats Entertainment IPO is a SME IPO of 34,29,000 equity shares of the face value of ₹10 aggregating up to ₹15.09 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on September 25, 2024, and closes on September 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 September 25, 2024 and closes on September 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 Tuesday, October 1, 2024. Check the Thinking Hats Entertainment IPO allotment status.
The Thinking Hats Entertainment IPO listing date is on Thursday, October 3, 2024.
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