Thinking Hats Entertainment Solutions IPO Logo

Thinking Hats Entertainment Solutions IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 25 to Sep 27 2024
Price Band ₹42 - 44
Current GMP ₹60 (36.36%)
Subscription 322.19 times

IPO Details

IPO Date
September 25, 2024 to September 27, 2024
Listing Date
Thursday, October 3, 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 Giriraj Stock Broking

IPO Subscription Details

Market Maker
1
Qualified Institutions
67.67
Non-Institutional Buyers***
356.81
Retail Investors
347.64
Total **
322.19

Day Wise Sub

DayDay 1 Sep 25, 2024
QIB10.03
NII*7.84
Retail22.50
Total17.31
DayDay 2 Sep 26, 2024
QIB20.07
NII*30.66
Retail90.30
Total67.22
DayDay 3 Sep 27, 2024
QIB67.67
NII*356.81
Retail347.64
Total322.19

Day Wise GMP

Date03-10-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date02-10-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date01-10-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date30-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date29-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date28-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date27-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date26-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date25-09-2024
Price44.00
GMP30(68.18%)
Estimate List Price74
Date24-09-2024
Price44.00
GMP25(56.82%)
Estimate List Price69
Date23-09-2024
Price44.00
GMP25(56.82%)
Estimate List Price69
Date22-09-2024
Price44.00
GMP20(45.45%)
Estimate List Price64
Date21-09-2024
Price44.00
GMP20(45.45%)
Estimate List Price64
Date20-09-2024
Price44.00
GMP15(34.09%)
Estimate List Price59
Date19-09-2024
Price44.00
GMP7(15.91%)
Estimate List Price51

IPO Important Dates

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

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares3000
Amount₹132,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹132,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹264,000

Financial Information

Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20242,403.22
31 Mar 20231,456.81
31 Mar 2022641.14
Period EndedRevenue
31 Mar 20242,670.1
31 Mar 20232,227.8
31 Mar 20221,245.2
Period EndedProfit After Tax
31 Mar 2024309.16
31 Mar 2023200.79
31 Mar 202237.21
Period EndedNet Worth
31 Mar 20241,099.86
31 Mar 2023573.26
31 Mar 2022372.47
Period EndedReserves and Surplus
31 Mar 20241,012.28
31 Mar 2023497.01
31 Mar 2022296.22
Period EndedTotal Borrowing
31 Mar 2024543.46
31 Mar 2023413.65
31 Mar 202229.22

Key Performance Indicator

ROE
28.11%
ROCE
29.37%
Debt/Equity
0.49
RoNW
28.11%
P/BV
3.5
PAT Margin (%)
11.61
EPS (Rs)
3.41

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
1,80,000 (5.25%)
QIB Shares Offered
3,24,000 (9.45%)
NII (HNI) Shares Offered
8,76,000 (25.55%)
Retail Shares Offered
20,49,000 (59.76%)
Total Shares Offered
34,29,000 (100%)

Information about company

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. 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. Competitive Strength Talented team with a successful track record in event management, retail visual merchandising, and high-quality digital content creation. They have established connections with their clients and key figures in the entertainment industry, such as writers, directors, and streaming platforms. Strong brand recognition and a reputation for excellence in successful event management and retail visual merchandising. As of September 2024, the Company had 35 employees on payroll.

Objectives of IPO

p>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

Disclaimer

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