Thinking Hats IPO – The Thinking Hats Entertainment initial public offering (IPO) will open on September 25, 2024, and end on September 27, 2024. The IPO of Thinking Hats Entertainment is a Problem Caused by Books. With an IPO that includes a fresh issue of ₹15.09 crores and the offering for sale of up to equity shares with a face value of ₹10 each, the business hopes to raise about ₹15.09 crores. On October 3,2024, Thinking Hats Entertainment will go public and list on the NSE. September 30, 2024 is the day set aside for Thinking Hats Entertainment’s initial public offering.
Thinking Hats Entertainment Solutions IPO Details
| IPO Open Date | September 25, 2024 |
| IPO Close Date | September 27, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,429,000 shares
(aggregating up to ₹15.09 Cr) |
| Fresh Issue | 3,429,000 shares
(aggregating up to ₹15.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Thinking Hats Entertainment Solutions Financials
The sales of Thinking Hats Entertainment Solutions Limited experienced a 20% growth, while the profit after tax (PAT) increased by 54% during the fiscal year that concluded on March 31, 2024, compared to earlier years.
| FY 2024 | |
| Assets | 2,403.22 |
| Revenue | 2,670.1 |
| Profit After Tax | 309.16 |
| Net Worth | 1,099.86 |
| ROE | 28.11% |
| ROCE | 29.37% |
| Debt/Equity | 0.49 |
| RoNW | 28.11% |
| P/BV | 3.5 |
| PAT Margin (%) | 11.61 |
Thinking Hats Entertainment Solutions IPO Review
The business creates, produces, and hosts social, corporate MICE, virtual, and other types of events. Its top and bottom lines showed increase during the reporting periods. The issue looks to be overpriced given FY24 performance. It operates in a highly competitive and fragmented market; knowledgeable investors may park a minor amount of money for a medium-term investment.
About the Company – Thinking Hats Entertainment Solutions
Thinking Hats Entertainment Solutions Limited was established in February 2013 and specializes in producing OTT content and experiential marketing, live events, corporate, MICE (Meetings, Incentives, Conferences, and Exhibitions), social media, and virtual events. The company also focuses on content development, intellectual property curation, and tech-centric product development.
In addition to providing event management services for corporate events, corporate meetings, conference management, brand and product launches, lifestyle and fashion events, exhibitions and trade shows, entertainment show management, India-wide floor activations, and artist management, Thinking Hats began its career in retail visual merchandising and event management. Services for event management are provided by the organization to the media, retail, finance, food, healthcare, education, and technology industries. The company offers a wide selection of products and in-store solutions for different retail outlets, together with visually appealing displays and inventory for retail.
