Thinking Hats Entertainment Solutions IPO Today: Allotment Date, Price Band, and Key Details

the initial public offering (IPO) of Thinking Hats Entertainment Solutions Limited is set to close, following a successful subscription period that began on September 25. This IPO is generating significant interest among investors, with a remarkable subscription rate observed in its early days. Here’s a detailed look at the Thinking Hats Entertainment Solutions IPO details, including its timeline, financials, and objectives.

Thinking Hats Entertainment Solutions IPO Details

The Thinking Hats Entertainment Solutions IPO offers shares at a price range of ₹42 to ₹44 per share. The total issue size is ₹15.09 crore, with 3,429,000 shares available to the public. Investors are required to purchase a minimum lot size of 3,000 shares, amounting to an investment of ₹132,000. The IPO is being conducted through a public issue on the NSE SME platform and aims to raise funds for various corporate needs.

Important Dates

• Open Date: September 25, 2024
• Close Date: September 27, 2024
• Allotment Date: September 30, 2024
• Credit of Shares: October 3, 2024
• Listing Date: October 3, 2024

Thinking Hats Entertainment Solutions IPO Reservation

As of now, the IPO has been subscribed over 65 times by the second day of bidding. This includes substantial interest from retail investors, who have subscribed at an impressive rate of approximately 89.16 times. Qualified institutional buyers and non-institutional investors have also shown strong interest, with subscription rates of 20.07 times and 30.61 times respectively.

Thinking Hats Entertainment Solutions IPO Timeline (Tentative Schedule)

Thinking Hats Entertainment Solutions IPO Promoter Holding

The pre-issue promoter holding details are not explicitly stated in the available data. However, it is crucial for potential investors to analyze this aspect as it reflects the confidence that existing shareholders have in the company’s future performance.

About Thinking Hats Entertainment Solutions Limited

Founded in 2013, Thinking Hats Entertainment Solutions specializes in event design and production. The company has carved a niche in live events and corporate functions while also venturing into OTT content production since 2019. Their portfolio includes MICE (Meetings, Incentives, Conferences and Exhibitions) services and experiential marketing initiatives.

The company’s strategic focus on diverse event formats positions it well within the entertainment industry. It also produces short films for platforms like YouTube and creates corporate event videos.

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Company Financials

Thinking Hats Entertainment Solutions aims to utilize the funds raised through this IPO primarily for settling existing debts and enhancing working capital requirements. This financial strategy indicates a proactive approach towards maintaining operational efficiency and supporting growth initiatives.

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

While specific financial figures are not detailed in the current reports, interested investors should review the company’s financial statements for insights into its profitability and revenue trends.

Key Performance Indicator

Investors should consider key performance indicators such as revenue growth rates, profit margins, and return on equity when evaluating Thinking Hats Entertainment Solutions as a potential investment opportunity.

Objects of the Issue (Thinking Hats Entertainment Solutions IPO Objectives)

The primary objectives of this IPO include:

• Repayment of existing borrowings.
• Funding working capital requirements.
• General corporate purposes.

This allocation strategy reflects the company’s commitment to financial health and operational sustainability.

Thinking Hats Entertainment Solutions IPO Review (May apply)

Given the high subscription rates observed so far—especially among retail investors—there is considerable optimism surrounding this IPO. The grey market premium (GMP) for shares is estimated at ₹30 as of recent reports, suggesting a potential listing price around ₹74 per share. This could indicate a strong market reception post-listing.

Thinking Hats Entertainment Solutions IPO Subscription Status (Bidding Detail)

As of September 26:

• Total Subscription Rate: Over 65 times
• Qualified Institutional Buyers: Subscribed at approximately 20.07 times
• Non-Institutional Investors: Subscribed at approximately 30.61 times
• Retail Investors: Subscribed at approximately 89.16 times

This robust demand highlights investor confidence in the company’s growth prospects.

Thinking Hats Entertainment Solutions IPO FAQs

1. What is the issue price range?
   • The issue price is set between ₹42 and ₹44 per share.
2. When will shares be credited?
   • Shares will be credited to investors’ accounts on October 3, 2024.
3. What is the minimum investment required?
   • The minimum investment required is ₹132,000 for a lot size of 3,000 shares.
4. How can I apply for this IPO?
   • Investors can apply through their brokerage accounts or via online platforms that facilitate IPO applications.