Thinking Hats Entertainment IPO Details: The Thinking Hats Entertainment IPO is set to open on September 25, 2024, and will close on September 27, 2024. This IPO is structured as a Book Built Issue, aiming to raise approximately ₹15.09 crores. The offering includes a fresh issue amounting to ₹15.09 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Thinking Hats Entertainment IPO is set between ₹42 and ₹44 per share. The retail portion is allocated 63.07%, while 9.97% is reserved for QIBs, and 26.96% for HNIs. The company is scheduled to list on the NSE on October 3, 2024, with the IPO allotment date slated for September 30, 2024.
In terms of financial performance, the company reported a revenue of ₹26.70 crores in 2024, up from ₹22.28 crores in 2023. The profit also saw a notable increase, rising to ₹3.09 crores in 2024 from ₹2.01 crores in 2023. Given these financials, investors may consider subscribing to the IPO with a long-term perspective.
Thinking Hats Entertainment 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 Purposes
Thinking Hats Entertainment IPO Review (Apply or Not)
- Update soon
Thinking Hats Entertainment IPO Date & Price Band Details:
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹42 to ₹44 Per Share |
| Issue Size: | Approx ₹15.09 Crores |
| Fresh Issue: | Approx ₹15.09 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 63.07% |
| QIB Quota: | Not more than 9.97% |
| NII Quota: | Not more than 26.96% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Thinking Hats Entertainment IPO Lot Size:
The minimum market lot for the Thinking Hats Entertainment IPO is 3,000 shares, requiring an application amount of ₹132,000.
| 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 IPO Timeline:
The Thinking Hats Entertainment IPO will open on September 25 and close on September 27. The allotment of shares will be finalized on September 30, with the listing scheduled for October 3.
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Basis of Allotment: | September 30, 2024 |
| Refunds: | October 1, 2024 |
| Credit to Demat Account: | October 1, 2024 |
| IPO Listing Date: | October 3, 2024 |
Thinking Hats Entertainment IPO GMP Today:
The last Grey Market Premium (GMP) for the Thinking Hats Entertainment Solutions SME IPO is ₹15. Given the price band of ₹44, the estimated listing price is ₹59 (cap price + today’s GMP). This suggests an expected gain of approximately 34.09% per share.
Promoters of Thinking Hats Entertainment IPO
The company is led by its promoters: Rajesh Bhardwaj, Gaurav Singhania, and Shruti Singhania.
About Thinking Hats Entertainment IPO
Thinking Hats Entertainment Solutions Private Limited was incorporated on February 11, 2013, under the Companies Act, 1956, as a private limited company. The company received its certificate of incorporation from the Registrar of Companies, National Capital Territory of Delhi and Haryana. On August 18, 2023, the company transitioned to a public limited entity.
Originally established as a premier firm specializing in concept development, event design, and production, Thinking Hats has grown into a versatile company. Today, it excels in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social and virtual events, as well as OTT content production and experiential marketing. With a strong emphasis on content development, intellectual property curation, and tech-centric product innovation, Thinking Hats has built a reputation for turning clients’ visions into reality, thanks to its dedicated team with decades of experience.
The company’s event management services cater to a wide range of industries, including Media, Retail, Financial, Food, Education, Healthcare, and Technology. In addition, Thinking Hats offers prominent display and retail visual merchandising services, providing a comprehensive array of in-store solutions to various retail stores.
The leadership team, comprising Rajesh Bhardwaj as Managing Director, Gaurav Singhania as Whole-time Director and CFO, and Shruti Singhania as Non-Executive Non-Independent Director, has been instrumental in shaping the company’s strategy and operations. Under their guidance, the company has expanded its service offerings and built a diverse client portfolio across multiple sectors.
Thinking Hats Entertainment IPO Company Financial Report
The company reported revenue of ₹26.70 crores in 2024 against ₹22.28 crore in 2023. The company reported profit of ₹3.09 crores in 2024 against profit of ₹2.01 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹12.45 | ₹11.97 | ₹0.37 | ₹6.41 |
| 2023 | ₹22.28 | ₹19.53 | ₹2.01 | ₹14.57 |
| 2024 | ₹26.70 | ₹22.40 | ₹3.09 | ₹24.03 |
Thinking Hats Entertainment IPO Valuation – FY2024
Check Thinking Hats Entertainment IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 28.11% |
| ROCE: | 29.37% |
| EBITDA Margin: | 18.76% |
| PAT Margin: | 11.61% |
| Debt to equity ratio: | 0.49 |
| Earning Per Share (EPS): | ₹3.57 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 28.11% |
| Net Asset Value (NAV): | ₹12.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| E Factor Experiences Ltd | 13.63 | 14.20 | 30.48% | 38.50 | 148.56 Cr. |
| Inspire Films Ltd | 3.07 | 17.8 | 7.62% | 24.80 | 30.37 Cr. |
Thinking Hats Entertainment IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
IPO Lead Managers aka Merchant Bankers
- Horizon Financial Pvt Ltd
Company Address
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 IPO FAQs
1. What are the dates for the Thinking Hats Entertainment IPO?
The Thinking Hats Entertainment IPO will open on September 25, 2024, and close on September 27, 2024.
2. What is the price band for the Thinking Hats Entertainment IPO?
The price band for the IPO is set between ₹42 and ₹44 per share.
3. How much is the company aiming to raise through the IPO?
Thinking Hats Entertainment is looking to raise approximately ₹15.09 crores through this IPO.
4. What is the minimum lot size for the Thinking Hats Entertainment IPO?
The minimum market lot is 3,000 shares, which requires an application amount of ₹132,000.
5. What is the Grey Market Premium (GMP) for the Thinking Hats Entertainment IPO?
The latest Grey Market Premium (GMP) for the IPO is ₹15 per share.
6. What is the estimated listing price based on the current GMP?
With the current GMP of ₹15 and the upper price band of ₹44, the estimated listing price is around ₹59 per share.
7. When will the share allotment for the Thinking Hats Entertainment IPO be finalized?
The allotment of shares is expected to be finalized on September 30, 2024.
8. When is the listing date for the Thinking Hats Entertainment IPO?
The shares of Thinking Hats Entertainment are scheduled to list on October 3, 2024.
9. What percentage gain/loss is expected per share based on the current GMP?
Based on the current GMP, the expected percentage gain per share is approximately 34.09%.
10. Who are the promoters of Thinking Hats Entertainment?
The company is promoted by Rajesh Bhardwaj, Gaurav Singhania, and Shruti Singhania.
11. What industries does Thinking Hats Entertainment serve?
The company provides event management services and retail visual merchandising solutions across various industries, including Media, Retail, Financial, Food, Education, Healthcare, and Technology.
12. When was Thinking Hats Entertainment Solutions Private Limited incorporated?
The company was incorporated on February 11, 2013, and later converted to a public limited company on August 18, 2023.
13. What is the business focus of Thinking Hats Entertainment?
Thinking Hats Entertainment specializes in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social and virtual events, OTT content production, and experiential marketing. The company also focuses on content development, intellectual property curation, and tech-centric product innovation.
14. How has the company performed financially in recent years?
In 2024, the company reported revenue of ₹26.70 crores and a profit of ₹3.09 crores, showing growth compared to its 2023 revenue of ₹22.28 crores and profit of ₹2.01 crores.
15. Should investors consider applying for the Thinking Hats Entertainment IPO?
Based on the company’s financial performance and growth potential, investors may consider applying for the IPO with a long-term perspective.
