IPO Details
Bidding Dates
25 Sep '24 - 27 Sep '24
Minimum Investment
₹1,32,000 / 1 Lot (3,000 Shares)
Price Range
₹42 - ₹44
Maximum Investment
₹1,32,000 / 1 Lot (3,000 Shares)
Retail Discount
To be announced
Issue Size
₹15.09 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Sep 25, 2024
Closing Date
Sep 27, 2024
Basis of Allotment
Sep 30, 2024
Initiation of Refunds
Oct 1, 2024
Listing Date
Oct 3, 2024
About Thinking Hats Entertainment Solutions IPO
Thinking Hats Entertainment Solutions Limited is launching its IPO with a total issue size of ₹15.09 crores. The IPO consists entirely of a fresh issue of 34.29 lakh shares. The subscription for the IPO opened on September 25, 2024, and will close on September 27, 2024. The price band is set between ₹42 to ₹44 per share.
The minimum application lot size is 3,000 shares, requiring retail investors to invest a minimum of ₹1,32,000. For High Net Worth Individuals (HNIs), the minimum application is for 2 lots (6,000 shares), amounting to ₹2,64,000.
The allotment is expected to be finalised on September 30, 2024, and the listing is planned on the NSE SME platform with a tentative listing date of October 3, 2024. Thinking Hats Entertainment Solutions Limited offers an opportunity for investors to participate in the dynamic entertainment industry through this IPO.
Industry Outlook:
- The Indian media and entertainment sector is expected to grow at 10% CAGR, reaching ₹3.08 trillion (US$ 37.2 billion) by 2026, driven by digital and OTT growth.
- The OTT segment is projected to grow at 14.1% CAGR, reaching ₹21,032 crore (US$ 2.55 billion) by 2026, with 95% of revenue from subscription services.
Thinking Hats Entertainment Solutions IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Prepayment or repayment of all or a portion of certain loans availed by the company.
- Funding of working capital requirements of the company.
- General corporate purposes.
About Thinking Hats Entertainment Solutions Limited
Incorporated in February 2013, Thinking Hats Entertainment Solutions Limited specialises in concept development, event design, and production for a wide range of live events, corporate functions, MICE, social and virtual events, along with OTT content production and experiential marketing. The company focuses on content development, intellectual property curation, and tech-centric product development, creating exclusive content for prominent OTT platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, and Zee5.
Thinking Hats Entertainment has produced notable web series for OTT platforms, including "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2," as well as a Bengali movie titled "Onek Diner Pore." The company also creates short films for YouTube and corporate event movies.
Their client portfolio includes major brands such as Tata Group (Westside and Zudio), Goldman Sachs, McDonald's, and Uber, and media entities like The Times of India, HT Media, Network 18, Radio Mirchi, and Fever Entertainment.
Peer Details
The companies considered by Thinking Hats Entertainment Solutions as its peers include:
- E Factor Experiences Limited
- Inspire Films Limited
How to Check the Allotment Status of the Thinking Hats Entertainment Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Thinking Hats Entertainment Solutions IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Thinking Hats Entertainment Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Thinking Hats Entertainment Solutions IPO
- Registered office: KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai - 400 053, Maharashtra, India
- Phone: +91 976 915 6256
- E-mail: info@thes.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 2,663.18 | 2,214.75 | 1,160.19 |
| Profit After Tax (PAT) (in ₹ lakh) | 309.16 | 200.79 | 37.21 |
| Current Ratio (x) | 1.84 | 1.61 | 2.10 |
| Net Worth (in ₹ lakh) | 1,099.86 | 573.26 | 372.47 |
| Total Borrowings (in ₹ lakh) | 543.46 | 413.65 | 29.22 |
| Return on Equity (%) | 36.96% | 42.46% | 9.99% |
| Return on Capital Employed (RoCE) (%) | 29.37% | 29.25% | 11.86% |
| Earnings Per Share (in ₹) | 3.57 | 2.32 | 0.43 |
Know before investing
Strengths
6-
Talented and experienced team in event management and merchandising.
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Strong relationships with clients and key entertainment industry players.
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Produced two OTT web series and a Bengali movie.
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Collaborated with JAR Pictures for co-producing two web series.
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Holds 33.33% equity in Jelly Music for digital music content.
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Top 10 suppliers contributed 39.57% of total purchases in FY2024.
Risks
5-
Event management contributed 56.66% of revenue in FY2024, increasing risk.
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Reliance on top 5 customers contributed 63.75% of revenue in FY2024.
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Business faces seasonal fluctuations, impacting cash flows and operations.
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Top 10 suppliers accounted for 39.57% of purchases in FY2024.
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Company lacks long-term contracts, relying on purchase orders for revenue.
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Thinking Hats Entertainment Solutions IPO FAQs
Thinking Hats Entertainment Solutions IPO is a book built IPO. The IPO will be open from September 25, 2024, to September 27, 2024.
The Basis of Allotment will happen on Monday, September 30, 2024.
The IPO subscription window will open on September 25, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3,000 shares.
The listing date for Thinking Hats Entertainment Solutions is Thursday, October 3, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Thinking Hats Entertainment Solutions’ financial statements, download the IPO’s RHP document.
