Thinking Hats Entertainment Solutions IPO - AstroIPO

Thinking Hats Entertainment Solutions IPO


September 20, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Thinking Hats Entertainment Solutions Ltd. is bringing its Initial Public Offering to the Indian stock market from September 25-27, 2024. This company operates in the media and entertainment sector, focusing on film production, distribution, and entertainment.

The IPO offers 34.50 lakh shares to the public, with a price band of Rs. 42-44 per share. This represents about 32.7% of the total 105.41 lakh shares post-IPO. The company aims to raise between Rs. 14.40 crore and Rs. 15.09 crore through this offering.

Thinking Hats plans to list on the National Stock Exchange (NSE), providing a platform for trading. The issue type is book building, allowing market forces to determine the final offer price within the given range.

The promoter holding pre-IPO stands at 78.29%, indicating strong insider confidence. The promoters, Rajesh Bhardwaj and Gaurav Singhania, are maintaining their stake post-IPO, which could be seen as a positive sign of their commitment to the company’s future.

For retail investors, the minimum application is set at 3,000 shares, with a maximum retail subscription of Rs. 500,000. This structure allows for participation from a wide range of investors.

Horizon Management Pvt Ltd. is managing the IPO, while MAS Services Ltd. is handling registrations. These firms bring their expertise to guide the company through the public offering process.

Thinking Hats Entertainment Solutions IPO Details

IPO Size ₹15.09 Cr
Price Range ₹42 - ₹44
Retail Quota 63.07%
QIB Quota 9.97%
NII Quota 26.96%
Employee Discount --
Listing at NSE
Minimum Quantity 3000
Investment (cut-off price) ₹132,000
Pre IPO Promotor Holding 78.29%
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Thinking Hats Entertainment Solutions IPO Timelines

25/09/2024
Start Date
27/09/2024
End Date
30/09/2024
Allotment Date View Status
01/10/2024
Refund Initiation
01/10/2024
Credit of Shares to Demat Ac
03/10/2024
Listing Date

Thinking Hats Entertainment Solutions IPO Lot Size

Application Lot Size 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 Subscription Status

QIB NII Retail EMP Total
67.67x 356.81x 347.64x -- 322.19x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹60 ₹57 ₹61 ₹57

Thinking Hats Entertainment Solutions IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹12.45 ₹11.97 ₹0.37
FY 2023 ₹19.53 ₹2.01 ₹14.57
FY 2024 ₹26.70 ₹22.40 ₹3.09

About Company

Thinking Hats Entertainment Solutions (THES) is a leading Indian entertainment and experiential marketing company focused on content development, intellectual property (IP) curation, and tech-centric product development. THES operates across diverse areas, including film production, event curation, content creation for streaming platforms, and retail visual merchandising.

The company serves prominent clients like the Tata Group, Goldman Sachs, McDonald’s, and Uber, alongside media brands such as The Times of India and Network 18.

THES has expanded its expertise from event management to creating content for online streaming platforms, with several projects streaming on Sony Liv, Zee5, and MX Player.

Incorporation Date Sector Managing Director
2013 Entertainment Rajesh Bhardwaj

Know Before Investing

Thinking Hats Entertainment Solutions IPO Strengths

  • Diversified service portfolio backed by over a decade of experience.
  • Broad geographical presence across key markets.
  • Strong in-house expertise in concept creation and design.
  • Serves a marquee clientele across various industries.
  • Consistently meets client expectations, fostering long-term relationships.

Thinking Hats Entertainment Solutions IPO Risks

  • Heavy reliance on event management for revenue, with any customer loss potentially affecting business operations.
  • Exposure to claims from inadequate performance or defects in managed events may impact financial results.
  • Subject to seasonal fluctuations, affecting cash flow and operations.

Swot Analysis for Thinking Hats Entertainment Solutions IPO

Strengths

Weaknesses

Opportunities

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Company Details

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: [email protected]

Website: https://thes.in/

IPO Registar Details

Mas Services Limited

Phone: (011) 2610 4142

Email: [email protected]

Website: https://www.masserv.com/opt.asp

FAQs

The key objectives of Thinking Hats Entertainment IPO are:

  • Prepayment or repayment of all or a portion of certain loans availed by the Company
  • Funding of working capital requirements of our Company
  • General Corporate Purposes

Horizon Financial Pvt Ltd is the book-running lead managers for the Thinking Hats Entertainment IPO.

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