Thinking Hats Entertainment Solutions IPO: Dates, Pricing, and Allotment 2024

The Thinking Hats Entertainment Solutions IPO is scheduled to open on September 25, 2024, and will close on September 27, 2024. This Book Built Issue aims to raise approximately ₹15.09 crores. Additionally, The offering includes a fresh issue of ₹15.09 crores, along with an offer for sale of an unspecified number of equity shares, each carrying a face value of ₹10.

Thinking Hats Entertainment Solutions IPO Overview

Overview Points	Description
Company Name	Thinking Hats Entertainment Solutions Limited
Industry	Event Management and Media Production
IPO Issue Type	Book Built Issue
Open Date	September 25, 2024
Close Date	September 29, 2024
Total Issue Size	₹15.09 Crores (3,429,000 Equity Shares)
Fresh Issue	₹15.09 Crores (3,429,000 Equity Shares)
Face Value	₹10 Per Equity Share
Price Band	₹42 to ₹44 per share
Listing on	NSE SME
Lot Size	3000 Shares
Offer for Sale	NA
Shares Offered to Retail	63.07%
Shares Offered to QIB	9.97%
Shares Offered to HNI	26.96%

Company Details

Thinking Hats Entertainment Solutions Private Limited was established on February 11, 2013, as a private limited company under the Companies Act, 1956, and received its certificate of incorporation from the Registrar of Companies, National Capital Territory of Delhi and Haryana. On August 18, 2023, the company transitioned into a public limited entity. Initially, Thinking Hats started as a concept development, event design, and production company specializing in live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as social and virtual events. Moreover, it has steadily expanded its scope to become a leading OTT content production and experiential marketing firm, with a strong focus on content development, intellectual property creation, and tech-driven product innovation. Thanks to their dedication and extensive experience, the team has successfully earned a reputation for consistently transforming clients’ visions into reality.

Additionally, The company’s event management services cater to a variety of sectors, including media, retail, finance, food, education, healthcare, and technology. Additionally, they offer a comprehensive range of display and retail visual merchandising solutions to retail stores, ensuring a wide array of in-store solutions.

Led by its key promoters—Rajesh Bhardwaj as Managing Director, Gaurav Singhania as Wholetime Director and CFO, and Shruti Singhania as Non-Executive Non-Independent Director—the company has successfully executed dynamic strategies that have expanded its service offerings and customer base. They have developed a diverse portfolio, gaining clients from various industries such as media, retail, finance, food, education, and technology.

Key Dates

Events	Date
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

Financials (₹ in Lakhs)

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

IPO Lot Size

Application	Lot Size	Shares	Amount
Retail (Min)	1	3000	₹132,000
Retail (Max)	1	3000	₹132,000
HNI (Min)	2	6000	₹264,000

The objective of the Issue

• The company plans to use the funds to prepay or repay a portion of its existing loans.
• Additionally, a portion of the proceeds will be allocated to meet working capital needs.
• Moreover, The remaining funds will be used for general corporate purposes.

Company Promoters

• Mr. Rajesh Bhardwaj
• Mr. Gaurav Singhania
• Mrs. Shruti Singhania

Thinking Hats Entertainment Solutions IPO GMP (Grey Market Premium)

Are you curious about the latest Grey Market Premium (GMP) for the Thinking Hats Entertainment Solutions IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Thinking Hats Entertainment Solutions Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!

Thinking Hats Entertainment Solutions IPO Application Form PDF

To download the Thinking Hats Entertainment Solutions IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.

Thinking Hats Entertainment Solutions IPO Subscription Status

This IPO subscription kicks off on September 25, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!

Thinking Hats Entertainment Solutions IPO Allotment Status

To check the Thinking Hats Entertainment Solutions IPO allotment status go to the IPO registrar website Mas Service or go to IPO Allotment.

Furthermore, To check allotment status. Firstly, follow the steps below:

1. Firstly, go to the link given above.
2. Secondly, select the company name.
3. Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
4. Finally, submit the details to get the allotment status.

IPO Review

Strengths:

• Additionally, With over a decade of experience, the company offers a diversified service portfolio, demonstrating a strong track record.
• It boasts a broad geographical presence, expanding its reach across various markets.
• Furthermore, The company excels in in-house concept creation and design, showcasing its creative capabilities.
• A marquee clientele reflects the company’s strong industry relationships and reputation.
• Moreover, The firm consistently meets client expectations and nurtures long-term relationships, ensuring customer loyalty.
• Led by a highly experienced management team, the company has proven expertise in project management and execution.

Risks:

• The company’s heavy reliance on its event management division for a substantial portion of its revenue means any disruption or reduction in clients from this division could negatively impact its business and operations.
• The company faces potential claims due to inadequate performance or defects in event management, which could harm its financial health and operations.
• Seasonality and occasional fluctuations in demand could affect cash flow and business operations, creating challenges in maintaining consistent revenue.
• A significant portion of the company’s income comes from long-term clients, so any decline in sales from these key customers could adversely affect its overall business performance.
• The lack of firm commitments from customers poses a risk, as any decision by clients to cease sourcing from the company could have a detrimental impact on its financial stability and operational results.

Thinking Hats Entertainment Solutions IPO Registrar

MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: ipo@masserv.com
Website: www.masserv.com

Thinking Hats Entertainment Solutions IPO Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: smeipo@horizon.net.co
Website: www.horizonmanagement.in

Thinking Hats Entertainment Solutions Limited Contact

THINKING HATS ENTERTAINMENT SOLUTIONS LIMITED
5th Floor, B 9 Pinnacle Business,
Park Sector 3 Noida, Gautam Buddha
Nagar, Noida – 201 301, Uttar Pradesh, India
Phone: +91 981 033 4264
E-mail: info@thes.in
Website: www.thes.in

FAQs

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