Thinking Hats Entertainment Solutions IPO

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25th – 27th Sep 2024
03 Oct 2024
₹42 – ₹44
Lot size 3000 — ₹132000
15cr

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.