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.
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 bidding opened for subscription on September 25, 2024 and will close on September 27, 2024. The allotment for the Thinking Hats Entertainment Solutions IPO is expected to be finalized on Monday, September 30, 2024. Thinking Hats Entertainment Solutions IPO will list on NSE SME with 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 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 |
| 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 |
Thinking Hats Entertainment Solutions IPO Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 9,058,150 |
| Share holding 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 below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
Thinking Hats Entertainment Solutions Limited Financial Information
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 |
| 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 |
