Thinking Hats Entertainment IPO: Important Details of IPO

• Thinking Hats Entertainment IPO is a book-built issue worth up to Rs 15.09 crore.

• Bidding opens on September 25 and closes on September 27, 2024.

• Thinking Hats Entertainment SME IPO price band is set at Rs 42 – Rs 44 per share.

• The minimum amount required for retail investors is Rs 1,32,000.

Thinking Hats Entertainment IPO: Synopsis

Thinking Hats Entertainment is open for subscription from Wednesday, September 25, 2024, and closes on Friday, September 27, 2024. The price band for this IPO is set at Rs 42 – Rs 44 per share.

Thinking Hats Entertainment IPO is offering entirely a fresh issue of 34.29 lakh equity shares worth up to Rs 15.09 crore.

The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024. The listing of this IPO will be done on Thursday, October 3, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 3000 shares. For retail investors, the minimum and maximum investment amount required is Rs 132,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 6000 shares amounting to Rs 264,000.

The IPO is managed by Horizon Financial Private Limited, which is the book-running lead manager of this public issue. The company has appointed Mas Services Services Private Limited as the registrar for the issue.

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Thinking Hats Entertainment Limited: About the Company

Thinking Hats Entertainment Solutions Limited, incorporated in February 2013, excels in concept development, event design, and production across various formats including live events, corporate functions, and OTT content production. The company specialises in creating exclusive content for major OTT platforms such as Netflix, Amazon, and Disney+ Hotstar. Notable productions include the web series "Aapkey Kamrey Me Koi Rehta Hai" and "Kathmandu Connection 2," as well as the Bengali film "Onek Diner Pore."

With a client roster that includes Tata Group, Goldman Sachs, and McDonald's, Thinking Hats Entertainment Solutions Limited is recognised for its high-quality digital content and successful event management. The company leverages its experienced team and established industry connections to maintain strong brand recognition. As of September 2024, the company employs 35 individuals dedicated to delivering exceptional entertainment and marketing solutions.

Thinking Hats Entertainment IPO: Objectives

The Company intends to allocate the Net Proceeds from the offer towards meeting prepayment or repayment of certain loans, funding working capital requirements, and general corporate purposes.

Thinking Hats Entertainment IPO: Other Important Details

Time Table of Thinking Hats Entertainment IPO

Thinking Hats Entertainment IPO: Financial Metrics (Amt in Rs Lakhs)

Thinking Hats Entertainment Limited saw a 20% rise in revenue, while its profit after tax (PAT) surged by 54% between the fiscal years ending March 31, 2024, and March 31, 2023.

Minimum Investment: Lot Size Details

Promoters of Thinking Hats Entertainment Limited and Their Holdings

The company's promoters are A Rajesh Bhardwaj, Gaurav Singhania and Shruti Singhania. They collectively hold 78.29% of the company's shares. However, post-IPO changes in their shareholding have not been disclosed.

Thinking Hats Entertainment Limited: Strength of Company

1. The company excels in creating exclusive content for major OTT platforms like Netflix and Amazon.

2. Thinking Hats Entertainment established in 2013, has over a decade of experience in event design and production.

3. The company has reported a 54% increase in profit after tax for the year FY24 compared to FY23.

FAQs

1. What are the core details available for the Thinking Hats Entertainment IPO?

Thinking Hats Entertainment IPO is a book-built public issue of 34.29 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 34.29 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024.

2. How can I apply for the Thinking Hats Entertainment IPO?

The public subscription of this new IPO opens on September 25 and closes on September 27, 2024. Click here to initiate the application process.

3. Who is the lead manager(s) for the Thinking Hats Entertainment IPO?

Horizon Financial Private Limited was appointed as the book-running lead manager for the IPO.

4. Who is appointed as the registrar for Thinking Hats Entertainment IPO?

Mas Services Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The company intends to allocate the Net Proceeds from the offer towards meeting prepayment or repayment of certain loans, funding working capital requirements, and general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Thinking Hats Entertainment IPO by visiting here, for further updates, follow Bigul.

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