Thinking Hats Entertainment Solutions was incorporated on February 11, 2013. The company is a provider of event management services, specializing in corporate events, meetings, conference management, brand and product launches. It also focuses on OTT content production and marketing, emphasizing content development, intellectual property curation, and tech-driven products.
| Bidding Dates |
|---|
| 25 Sep 2024 - 27 Sep 2024 |
| Subscription |
|---|
| 305.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 3.4 M | ₹42 - ₹44 | 56.79 % | ₹144.0 M - ₹150.9 M | RHP DOC |
Thinking Hats Entertainment Solutions Ltd. IPO SUBSCRIPTION STATUS
27 Sep '24Thinking Hats Entertainment Solutions Ltd. IPO overall subscription rate was 305.43 times the total available shares
Thinking Hats Entertainment Solutions Ltd. IPO retail subscription rate was 329.49 times in the retail segment
Thinking Hats Entertainment Solutions Ltd. IPO non-institutional investor subscription rate was 338.36 times in the non-institutional investor category
Thinking Hats Entertainment Solutions Ltd. IPO Qualified Institutional Bidder subscription rate was 64.13 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 63.07% | 26.96% | 9.97% |
27 Sep 2024 (Day 3) | 329.49x | 338.36x | 64.13x |
26 Sep 2024 (Day 2) | 83.82x | 29.12x | 19.02x |
25 Sep 2024 (Day 1) | 20.7x | 7.32x | 9.5x |
Thinking Hats Entertainment Solutions Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 30.9 | 266.3 | 14.5 | 13.6 | 18.8% |
| FY23 | 20.1 | 221.5 | 23.4 | 10.9 | 13.5% |
| FY22 | 3.7 | 116.0 | 9.8 | 8.7 | 4.7% |
Thinking Hats Entertainment Solutions Ltd. IPO SUBSCRIPTION STATUS DETAILS
Thinking Hats Entertainment Solutions Ltd. had 3.4 M shares on offer
Thinking Hats Entertainment Solutions Ltd. IPO offer price was in the range ₹42 - ₹44
Thinking Hats Entertainment Solutions Ltd. IPO minimum Investment was ₹126000
Thinking Hats Entertainment Solutions Ltd. IPO issue size was ₹ 144.0 M - ₹ 150.9 M
Thinking Hats Entertainment Solutions Ltd. had a minimum lot size of 3000 Shares per application
Thinking Hats Entertainment Solutions Ltd. NUMBER OF SHARES ON OFFER
Thinking Hats Entertainment Solutions Ltd. IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2024 |
| Issue close Date | 27 Sep 2024 |
| Allotment Date | 30 Sep 2024 |
| Refund Date | 01 Oct 2024 |
| Demat Account Credit Date | 01 Oct 2024 |
| Listing Date | 03 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Thinking Hats Entertainment Solutions Ltd. Allotment Status | Exchange |
Thinking Hats Entertainment Solutions Ltd. IPO subscription opened on 25 Sep 2024, and closed on 27 Sep 2024
IPO allotment for Thinking Hats Entertainment Solutions Ltd. was finalized on Monday, 30 Sep 2024
IPO listing for Thinking Hats Entertainment Solutions Ltd. was on NSE on Thursday, 03 Oct 2024
Thinking Hats Entertainment Solutions Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 44.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 57.0 |
| Listing Gain% | 36.4% |
| Current Gain% | -54.7% |
Thinking Hats Entertainment Solutions Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thinking Hats Entertainment Solutions Ltd. | 20 | 24.9 | 20 | -0.3 | 1 | 4.2 | 2.6 | 24 | -50.3 | 1.2 | -66.1 | 1 | -66.1 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Thinking Hats Entertainment Solutions Ltd. INFORMATION ON IPO ISSUE
About Thinking Hats Entertainment Solutions Ltd.
Thinking Hats Entertainment Solutions was incorporated on February 11, 2013. The company is a provider of event management services, specializing in corporate events, meetings, conference management, brand and product launches. It also focuses on OTT content production and marketing, emphasizing content development, intellectual property curation, and tech-driven products.
Object of the Issue
- Re/prepayment of all or certain loans availed of by the company.
- Funding of working capital requirements of the company.
- General corporate purpose.
Thinking Hats Entertainment Solutions Ltd. - PROMOTERS
| Name |
|---|
| Rajesh Bhardwaj |
| Gaurav Singhania |
| Shruti Singhania |
Thinking Hats Entertainment Solutions Ltd. Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Thinking Hats Entertainment Solutions Ltd. Registrar to the issue
MAS Services Limited
ipo@masserv.com
Thinking Hats Entertainment Solutions Ltd. Strengths
In-house concept creation
The company develops new concepts from scratch and brings them to reality, offering complete design services to manage events from concept through execution
Relationship with Broadcasters
The company has built strong relationships with participants across the entertainment industry, enabling the aggregation of content rights from various segments, including regional language content
Marque Clientele
The company has worked with numerous marquee clients, providing advertising services to notable names such as Entertainment Network India, Tata Group, Sony Liv, Zee5, and MX Player
Thinking Hats Entertainment Solutions Ltd. Risks
Seasonality of business
The company specializes in event management, with most events occurring during specific times each year, making it subject to seasonal fluctuations based on customer schedules
Dependent on long term customers
The company relies heavily on its top 10 customers, who contributed 78.8% of its revenue in FY24. A decrease in sales from any of these key clients could negatively impact the business and its financial results
Dependent on third party vendors
The company's business relies on third-party vendors for activities such as decor, production, lighting, equipment, and other services. Non-availability of these vendors could adversely affect its operations and financial results
IPO FAQs
The promoters of the company are Rajesh Bhardwaj, Gaurav Singhania and Shruti Singhania.
The category allocation of qualified institutional buyers is 10.0%, the category allocation of non individual investors or high networth individuals is 27.0% and for retail investors it is 63.1%.
The price band of the IPO is Rs 42.0 - 44.0.
The IPO application opens on Sep 25, 2024 and closes on Sep 27, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Sep 30, 2024.
The refund will be credited to your account on Oct 01, 2024.
The allotted shares will be credited to your demat on Oct 01, 2024.
Thinking Hats Entertainment Solutions Ltd.’s shares listed on the stock exchanges on Oct 03, 2024.