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.
Main Points
- 1 Thinking Hats Entertainment Solutions IPO Details
- 2 Important Dates
- 3 Thinking Hats Entertainment Solutions IPO Reservation
- 4 Thinking Hats Entertainment Solutions IPO Timeline (Tentative Schedule)
- 5 Thinking Hats Entertainment Solutions IPO Launch Date
- 6 How to Apply for Thinking Hats Entertainment Solutions IPO
- 7 Thinking Hats Entertainment Solutions IPO Prospectus Analysis
- 8 Thinking Hats Entertainment Solutions IPO GMP Today
- 9 Thinking Hats Entertainment Solutions IPO Subscription Status
- 10 Thinking Hats Entertainment Solutions IPO Promoter Holding
- 11 About Thinking Hats Entertainment Solutions Limited
- 12 Company Financials
- 13 Thinking Hats Entertainment Solutions Limited Financial Information (Restated)
- 14 Key Performance Indicator
- 15 Objects of the Issue (Thinking Hats Entertainment Solutions IPO Objectives)
- 16 Thinking Hats Entertainment Solutions IPO Review (May apply)
- 17 Thinking Hats Entertainment Solutions IPO Subscription Status (Bidding Detail)
- 18 Thinking Hats Entertainment Solutions IPO FAQs
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)
| Event | Date |
|---|---|
| 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 Launch Date
The IPO will open for subscription on September 25, 2024, and close on September 27, 2024. The company has set the price band for the shares between ₹42 to ₹44, with a minimum investment requirement of ₹132,000 for a lot size of 3,000 shares. The total issue size is estimated at ₹15.09 crore, aimed at raising funds primarily to settle existing debts and support working capital needs.
How to Apply for Thinking Hats Entertainment Solutions IPO
Investors can apply for the Thinking Hats Entertainment Solutions IPO through various channels:
- Online platforms: Most brokerage firms offer online applications.
- Bank branches: Investors can also apply through designated bank branches.
- Mobile apps: Many financial apps provide a seamless application process.
To apply, investors need to select the number of lots they wish to purchase and complete the payment process.
Thinking Hats Entertainment Solutions IPO Prospectus Analysis
The prospectus highlights that Thinking Hats Entertainment Solutions focuses on event management, corporate events, and OTT content production. Established in 2013, the company has expanded into various segments, including live events and virtual experiences. The funds raised will be utilized for debt repayment and enhancing operational capabilities.
Thinking Hats Entertainment Solutions IPO GMP Today
As of today, the grey market premium (GMP) for the Thinking Hats IPO stands at ₹30, suggesting a potential listing price of around ₹74 per share. This indicates a promising gain of approximately 68.18% over the upper end of the price band. However, it’s important to note that GMP is speculative and not an official price.
Thinking Hats Entertainment Solutions IPO Subscription Status
The subscription status has been impressive so far. By the end of the second day on September 26, the IPO was subscribed over 66 times, with retail investors showing particularly strong interest at nearly 89 times their allocated share. The breakdown of subscriptions includes:
- Qualified Institutional Buyers (QIBs): 20.07 times
- Non-Institutional Investors (NIIs): 30.61 times
- Retail Individual Investors (RIIs): 89.16 times
This high level of interest reflects positive market sentiment towards the company’s growth prospects.
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.
Check Other IPO
Manba Finance IPO Subscription Status, GMP, and Listing Date for 2024
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
- What is the issue price range?
- The issue price is set between ₹42 and ₹44 per share.
- When will shares be credited?
- Shares will be credited to investors’ accounts on October 3, 2024.
- What is the minimum investment required?
- The minimum investment required is ₹132,000 for a lot size of 3,000 shares.
- How can I apply for this IPO?
- Investors can apply through their brokerage accounts or via online platforms that facilitate IPO applications.
