Thinking Hats Entertainment Solutions Limited

Company Profile
Company Name Thinking Hats Entertainment Solutions Limited
Open Date 25-09-2024
Close Date 27-09-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹82 to ₹87 per share
Issue Size 36,00,000 shares
Application Amount ₹1,39,200
Recommendation Avoid
Incorporated in 2013, the company has their registered office in Mumbai, Maharashtra, India. Business Activity: Thinking Hats Entertainment Solutions Limited is a multifaceted company operating primarily in the event management, retail visual merchandising, and OTT content production sectors. Revenue Streams: Thinking Hats generates revenue primarily through Event Management (56.66% FY24), Retail Visual Merchandising (35.72%), and OTT Content Production (7.63%). Geographically, Maharashtra leads with 33.39% of FY24 revenue followed closely by Delhi: 20.66% (FY24) and Gujarat: 10.03% (FY24). Clients: The company's clients include Tata Group, including Westside and Zudio, Goldman Sachs, McDonalds, and Uber, as well as media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment. As of September 2024, the Company had 35 employees on payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 1,160.19 2,214.75 2,663.18
EBITDA 35.30 392.33 601.45
Net Profit 37.21 200.80 309.16
RoCE 7.80% 56.43% 48.61%
ROE 9.99% 35.03% 28.11%
P/E 9.02 1.67 1.12

Tentative Timeline

Opening Date 25-09-2024
Closing Date 27-09-2024
Basis of Allotment 30-09-2024
Initiation of Refunds 01-10-2024
Credit of Shares to Demat 01-10-2024
Listing Date 03-10-2024

Objects of the Issue

Repayment in full or in part, of certain of the outstanding borrowings.
Funding Working Capital requirements.
General Corporate Purposes

Contact Information

Registered Office Thinking Hats Entertainment Solutions Limited KU220, Kuber Kartik, New Link Road Prem Co-operative Society Andheri West, Mumbai - 400 053
Phone +91 976 915 6256
Email info@thes.in
Website https://thes.in/

Registrar Details

Name Mas Services Limited
Phone (011) 2610 4142
Email ipo@masserv.com
Website https://www.masserv.com/opt.asp

IPO Reservation

Market Maker Shares Offered 1,80,000 (5.25%)
Retail Shares Offered 3,24,000 (9.45%)
NII (HNI) Shares Offered 8,76,000 (25.55%)
Retail Shares Offered 20,49,000 (59.76%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 78.29%
Shareholding Post Issue (Promoters) 56.79%

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