The Thinking Hats Entertainment IPO is scheduled to open on September 25, 2024, and will close on September 27, 2024. This IPO follows a Book Built Issue structure, with a target to raise approximately ₹15.09 crores. The offer consists of a fresh issue worth ₹15.09 crores, alongside an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹42 and ₹44 per share. The retail investors have been allocated 63.07% of the offer, while 9.97% is reserved for Qualified Institutional Buyers (QIBs), and 26.96% for High Net Worth Individuals (HNIs). The company’s shares are expected to list on the NSE on October 3, 2024, with the IPO allotment date set for September 30, 2024.
On the financial front, the company reported a revenue of ₹26.70 crores in 2024, marking an increase from ₹22.28 crores in 2023. Profits also surged, reaching ₹3.09 crores in 2024, compared to ₹2.01 crores in 2023. Considering these financial improvements, investors might find it appealing to subscribe to this IPO with a long-term investment outlook.
Thinking Hats Entertainment IPO Objectives:
The company intends to utilize the net proceeds from the IPO for the following purposes:
Prepayment or repayment of certain loans taken by the company.
Funding working capital requirements.
General corporate purposes.
Thinking Hats Entertainment IPO Review (Apply or Not):
Review coming soon.
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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% |
Thinking Hats Entertainment IPO Lot Size:
The minimum lot size for the Thinking Hats Entertainment IPO is 3,000 shares, with a required application amount of ₹1,32,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹ 1,32,000 |
| Retail Maximum | 1 | 3000 | ₹ 1,32,000 |
| HNI Minimum | 2 | 6000 | ₹ 2,64,000 |
Thinking Hats Entertainment IPO Timeline:
The Thinking Hats Entertainment IPO is set to open on September 25 and close on September 27. Share allotment will be finalized on September 30, and the company’s listing is 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 latest Grey Market Premium (GMP) for the Thinking Hats Entertainment Solutions SME IPO is ₹15. With a price band of ₹44, the estimated listing price is ₹59 (cap price + today’s GMP), indicating a potential 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:
Founded on February 11, 2013, under the Companies Act, 1956, Thinking Hats Entertainment Solutions Private Limited received its certificate of incorporation from the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company became a public entity on August 18, 2023.
Initially recognized for its expertise in concept development, event design, and production, Thinking Hats has evolved into a dynamic company with a diverse portfolio. It now specializes 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 focus on content creation, intellectual property curation, and tech-driven product innovation, the company has built a reputation for transforming clients’ visions into reality through its experienced team.
Thinking Hats provides event management services across various industries, including Media, Retail, Financial, Food, Education, Healthcare, and Technology. Additionally, the company offers visual merchandising and display services, delivering comprehensive in-store solutions to retail outlets.
The leadership team, featuring Rajesh Bhardwaj as Managing Director, Gaurav Singhania as Whole-time Director and CFO, and Shruti Singhania as Non-Executive Non-Independent Director, has been pivotal in steering the company’s growth. Their leadership has enabled Thinking Hats to diversify its service offerings and expand its client base across multiple sectors.
Thinking Hats Entertainment IPO Financial Performance:
The company reported a revenue of ₹26.70 crores in 2024, up from ₹22.28 crores in 2023. Net profit also saw a rise, reaching ₹3.09 crores in 2024, compared to ₹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 | 14.2 | 30.48% | 38.5 | 148.56 Cr. |
| Inspire Films Ltd | 3.07 | 17.8 | 7.62% | 24.8 | 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
What is the Thinking Hats Entertainment IPO?
The Thinking Hats Entertainment IPO is an SME offering through which the company aims to raise ₹15.09 crores. The issue price is set between ₹42 and ₹44 per equity share, and the IPO will be listed on the NSE.
When will the Thinking Hats Entertainment IPO open for subscription?
The IPO will open for subscription on September 25, 2024, for QIB, NII, and retail investors. It will close on September 27, 2024.
What is the investors’ portion for the Thinking Hats Entertainment IPO?
The allocation for investors is 9.97% for Qualified Institutional Buyers (QIBs), 26.96% for Non-Institutional Investors (NIIs), and 63.07% for retail investors.
How can I apply for the Thinking Hats Entertainment IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount) using your bank account. You can also apply online through UPI via stock brokers or fill out an offline form through your broker.
What is the issue size of the Thinking Hats Entertainment IPO?
The issue size of the IPO is ₹15.09 crores.
What is the price band for the Thinking Hats Entertainment IPO?
The price band for the Thinking Hats Entertainment IPO is ₹42 to ₹44 per share.