Thinking Hats Entertainment Solutions’ IPO is a book-built issue worth Rs 15.09 crores. The entire issue consists of a fresh offering of 34.29 lakh shares.
The Thinking Hats Entertainment Solutions IPO will open for subscription on September 25, 2024, and close on September 27, 2024. The allotment of shares is expected to be finalized on Monday, September 30, 2024. The company plans to list on the NSE SME, with a tentative listing date set for Thursday, October 3, 2024.
Thinking Hats Entertainment Solutions Limited operates in the entertainment and event management sector. The company specializes in concept development, event design, and production for various types of events including live events, corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social and virtual events. They also focus on OTT content production and experiential marketing.
The price band for the Thinking Hats Entertainment Solutions IPO is set between ₹42 and ₹44 per share. Investors must apply for a minimum lot size of 3,000 shares, which requires a minimum investment of ₹132,000 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (6,000 shares), amounting to ₹264,000.
Horizon Financial Pvt Ltd is serving as the book-running lead manager for the Thinking Hats Entertainment Solutions IPO, while Mas Services Limited is the registrar. The market maker for the IPO is Giriraj Stock Broking.
Thinking Hats Entertainment Solutions IPO Details:
| Company Name | Thinking Hats Entertainment Solutions Limited |
| Sector | Entertainment and Event Management |
| IPO Type | SME |
| IPO Open date | 25th Sep 2024 |
| IPO Close date | 27th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Thinking Hats Entertainment Solutions IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,32,000 |
| HNI (Min) | 2 | 6000 | 2,64,000 |
Thinking Hats Entertainment Solutions IPO Timeline:
| IPO Open Date | 25th Sep 2024 |
| IPO Close Date | 27th Sep 2024 |
| Basis of Allotment | 30th Sep 2024 |
| Refund Initiation Date | 01st Oct 2024 |
| Shares Credit to Demat | 01st Oct 2024 |
| Listing Date | 03rd Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Thinking Hats Entertainment Solutions’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Entertainment and Event Management Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Thinking Hats Entertainment Solutions and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
