Schedule of Thinking Hats Entertainment Solutions
| Issue open date | 25 Sep 2024 |
| Issue close date | 27 Sep 2024 |
| UPI mandate deadline | 27 Sep 2024 (5 PM) |
| Allotment finalization | 30 Sep 2024 |
| Refund initiation | 01 Oct 2024 |
| Share credit | 01 Oct 2024 |
| Listing date | 03 Oct 2024 |
| Mandate end date | 12 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Thinking Hats Entertainment Solutions
Thinking Hats Entertainment Solutions Private Limited, founded in 2013, operates across various areas, including live events, corporate events, MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as social and virtual events. The company provides services such as event management, music concerts, artist management and contracting, project management, campaign management, launch campaigns, brand/marketing activations, exclusive events, fashion shows, crew management, marketing events, employee engagement programs, and design and production. It also focuses on OTT content production, experiential marketing, and tech-driven product development.
Financials of Thinking Hats Entertainment Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹15.09 crores |
| Fresh Issue | ₹15.09 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Prepayment or repayment of all or a portion of certain loans availed by the company | 2 (13.25%) |
| Funding of working capital requirements of the company. | 9 (59.64%) |
| General corporate purposes | 3.77 (25%) |
| Issue related and others | 0.32 (2.11%) |
Strengths
- Over 10 years of experience offering a wide range of services.
- Business presence across multiple locations.
- Strong ability to create and design concepts in-house.
- Prestigious and well-known clients.
- Experienced management team with proven project management and implementation skills.
Risks
- The company heavily relies on its event management division for a large portion of its revenue, and losing customers in this area could hurt its business.
- Occasional fluctuations in demand or seasonal factors may impact the company’s cash flow and day-to-day operations.
- The company depends on a few long-term customers for most of its revenue, and losing any of them could negatively affect its business.
- It often doesn’t have long-term contracts with clients, so if customers choose other providers, it could harm the company’s financial health.
- The company relies on third-party vendors for many event-related tasks, and their unavailability could disrupt its operations.