Thinking Hats Entertainment Solutions Limited
Bookbuilding IPO · NSE
- Price band
- ₹42 - ₹44
- Lot size
- 3,000 shares
- Issue amount
- ₹15.09 cr
- Total subscription
- 322.35×
- Opens
- 25 Sept 2024
- Closes
- 27 Sept 2024
- Allotment
- 30 Sept 2024
- Listing
- 3 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 34,29,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹15.09 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 90,58,150
- Shares after issue
- 1,24,87,150
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,32,000 |
| HNI | 2 | 6,000 | ₹2,64,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1.43 | 96.47 |
| RETAIL | 9.02 | 3,135.36 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.57 | 2.32 | 0.43 |
| ROE | 28.11 | 35.03 | 9.99 |
| ROCE | 29.37 | 29.25 | 11.86 |
| RONW | 28.11 | 35.03 | 9.99 |
| PRE IPO(PE) | 12.89 | 0 | 0 |
| POST IPO(PE) | 17.77 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in February 2013, Thinking Hats Entertainment Solutions Limited is a creative powerhouse specializing in event design, content development, and experiential marketing. From live events and corporate functions to OTT content production and virtual experiences, the company blends innovation with storytelling. It has produced exclusive content for top platforms like Netflix, Amazon, Sony Liv, Disney+ Hotstar, and Zee5, with notable works including the web series Aapkey Kamrey Me Koi Rehta Hai and Kathmandu Connection 2, as well as the Bengali film Onek Diner Pore. Thinking Hats also crafts short films for YouTube and corporate event movies, catering to clients like Tata Group, Goldman Sachs, McDonald's, Uber, and major media houses such as The Times of India and Network 18. As of September 2024, the company has a team of 35 professionals driving its creative vision forward.
Strengths
- Diversified Services: 10+ years of experience across event design, OTT production, and experiential marketing shows strong versatility.
- Wide Presence: Presence across multiple regions improves reach and accessibility.
- In-House Expertise: Strong concept creation and design team delivers quality and innovative solutions.
Risk factors
- Revenue Dependence: Heavy reliance on the event management division makes the business vulnerable if demand drops in this segment.
- Client Retention Risk: Dependence on key clients means losing any major customer could significantly affect revenue.
- Seasonal Fluctuations: Seasonal demand variations may impact cash flow and overall business stability.
Promoters
Rajesh Bhardwaj
Gaurav Singhania
Shruti Singhania
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
KU220, Kuber Kartik, New Link Road, Prem Co-operative Society, Andheri West, Mumbai - 400 053
+91 976 915 6256
[email protected]Company website ↗Understanding THESL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.