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.
As of September 2024, the Company had 35 employees on payroll.
Thinking Hats Entertainment Solutions IPO – Details
| IPO Opening Date | 25 September 2024 |
| IPO Closing Date | 27 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 34,29,000 Shares Worth ₹15.09 Crore Fresh Issue: 34,29,000 Shares Worth ₹15.09 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹42 – ₹44 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 9.97% |
| Retail Shares Offered | 63.07% |
| NII (HNI) Shares Offered | 26.96% |
Thinking Hats Entertainment Solutions IPO – Date Schedule
| IPO Open Date | 25 September 2024 |
| IPO Close Date | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation of Refund | 01 October 2024 |
| Credit of Shares to Demat Account | 01 October 2024 |
| IPO Listing Date | 03 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
Thinking Hats Entertainment Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,32,000 |
| Retail (Max) | 1 | 3000 | ₹1,32,000 |
| HNI (Min) | 2 | 6000 | ₹2,64,000 |
Competitive Strengths
- Diversified service portfolio with more than 10 years of track record.
- Geographical presence.
- Strong in-house concept creation and designing expertise.
- Marque Clientele.
- Meeting expectation of clients and maintaining long term relationship with clients.
- Well experienced management team with proven project management and implementation skills.
Company Promoters
- Rajesh Bhardwaj
- Gaurav Singhania
- Shruti Singhania
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 12.45 | 11.97 | 0.37 | 0.29 |
| 31 March 2023 | 22.27 | 19.53 | 2.00 | 4.13 |
| 31 March 2024 | 26.70 | 22.39 | 3.09 | 5.43 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.11% |
| ROCE | 29.37% |
| Debt/Equity | 0.49 |
| RoNW | 28.11% |
| P/BV | 3.5 |
| PAT Margin (%) | 11.61 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.41 | 2.48 |
| P/E (x) | 12.89 | 17.77 |
Object Of The Issue
- Prepayment or repayment of all or a portion of certain loans availed by the Company.
- Funding of working capital requirements of the Company.
- General Corporate Purposes.
Thinking Hats Entertainment Solutions IPO Promoter Holding
| Pre Issue Share Holding | 78.29% |
| Post Issue Share Holding | – |
Thinking Hats Entertainment Solutions IPO Prospectus
Company Contact Information
| 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: info@thes.in Website: https://thes.in/ |
Thinking Hats Entertainment Solutions IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Thinking Hats Entertainment Solutions IPO Lead Manager(s)
| 1. Horizon Financial Pvt Ltd |
Thinking Hats Entertainment Solutions IPO FAQs
| What is Thinking Hats Entertainment Solutions IPO? Thinking Hats Entertainment Solutions IPO is a SME IPO. The issue is priced at ₹42 and ₹44 per equity share. The IPO is to be listed on NSE SME. |
| When Thinking Hats Entertainment Solutions IPO will open? The IPO is to open on 25 September 2024 for QIB, NII, and Retail Investors. |
| What is Thinking Hats Entertainment Solutions IPO Investors Portion? The investors’ portion for QIB- 9.97%, Retail – 63.07%, NII – 26.96%. |
| How to Apply the Thinking Hats Entertainment Solutions IPO? You can apply Thinking Hats Entertainment Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Thinking Hats Entertainment Solutions IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Thinking Hats Entertainment Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Thinking Hats Entertainment Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Thinking Hats Entertainment Solutions IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Thinking Hats Entertainment Solutions IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Thinking Hats Entertainment Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Thinking Hats Entertainment Solutions IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Thinking Hats Entertainment Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Thinking Hats Entertainment Solutions IPO Size? Thinking Hats Entertainment Solutions IPO size is ₹15.09 Crore. |
| What is Thinking Hats Entertainment Solutions IPO Price Band? Thinking Hats Entertainment Solutions IPO Price Band is ₹42 – ₹44. |
| What is Thinking Hats Entertainment Solutions IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹1,32,000 amount while the maximum bid is 3000 Shares with ₹1,32,000. |
| What is the Thinking Hats Entertainment Solutions IPO Allotment Date? Thinking Hats Entertainment Solutions IPO allotment date is 30 September 2024. |
| What is the Thinking Hats Entertainment Solutions IPO Listing Date? Thinking Hats Entertainment Solutions IPO listing date is 03 October 2024. The IPO is to be listed on NSE SME. |
