Thinking Hats Entertainment Solutions Limited IPO

NiftyTrader • September 20, 2024

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Thinking Hats Entertainment Solutions Limited IPO

Thinking Hats Entertainment Solutions Limited’s IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment for the IPO is expected to be finalized on Monday, September 30, 2024. The IPO will list on NSE SME, with a tentative listing date fixed as Thursday, October 3, 2024.

Thinking Hats Entertainment Solutions IPO price band is set at ₹42 to ₹44 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹264,000.

Thinking Hats Entertainment Solutions IPO is a book-built issue of Rs 15.09 crores. The issue is entirely a fresh issue of 34.29 lakh shares.

Thinking Hats Entertainment Solutions IPO Details

IPO Date	September 25, 2024 to September 27, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹42 to ₹44 per share
Lot Size	3000 Shares
Total Issue Size	3,429,000 shares (aggregating up to ₹15.09 Cr)
Fresh Issue	3,429,000 shares (aggregating up to ₹15.09 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	9,058,150
Shareholding post-issue	12,487,150
Market Maker portion	180,000 shares

Thinking Hats Entertainment Solutions IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹132,000
Retail (Max)	1	3000	₹132,000
S-HNI (Min)	2	6000	₹264,000

Thinking Hats Entertainment Solutions IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

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 Purpose.

About Thinking Hats Entertainment Solutions Limited

Founded in February 2013, Thinking Hats Entertainment Solutions Limited excels in concept development, event design, and production for a variety of live and virtual events, as well as OTT content creation and experiential marketing. The company specializes in crafting exclusive content for platforms like Netflix, Amazon, and Disney+Hotstar, having produced notable web series such as “Aapkey Kamrey Me Koi Rehta Hai” and “Kathmandu Connection 2,” along with the Bengali film “Onek Diner Pore.” Their diverse client portfolio includes major brands like Tata Group, Goldman Sachs, and Uber, as well as prominent media outlets. With a talented team of 35 employees, Thinking Hats is recognized for its strong industry connections and commitment to delivering high-quality digital content and event management solutions.

Thinking Hats Entertainment Solutions Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,403.22	1,456.81	641.14
Revenue	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

Thinking Hats Entertainment Solutions IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 9.97% of the Net Issue
Retail Shares Offered	Not less than 63.07% of the Net Issue
NII (HNI) Shares Offered	Not more than 26.96% of the Net Issue

Thinking Hats Entertainment Solutions IPO Timeline

Thinking Hats Entertainment Solutions IPO opens on September 25, 2024, and closes on September 27, 2024.

IPO Open Date	Wednesday, September 25, 2024
IPO Close Date	Friday, September 27, 2024
Basis of Allotment	Monday, September 30, 2024
Initiation of Refunds	Tuesday, October 1, 2024
A credit of Shares to Demat	Tuesday, October 1, 2024
Listing Date	Thursday, October 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 27, 2024